You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Which currency are you trading? - EUR/USD/AUD/JPY?
- Thread starter shriekpurser
- Start date
Playing around with the position sizes is exciting isn’t it? Like, I’m using MT4, and the time frames available range from 1 minute to 1 month. Gives me ample time to work around the position size, analyze how the candlestick behave, and exit the trade when I feel it’s not profitable anymore.Sometimes I trade a multiple day (or longer) trend, but I find it is much safer to enter those with about tenth of what I would use in an intraday trade, and then as the trend continues, I will increase my position, but I will never increase it more than 50% for each X number of pips it advances. That's why I like forex. You can fine tune your position sizes.
Glad to find someone whose transition trading. Been using this strategy for quite some time now for GBP/USD pairs and using M30 (thought it was the best time frame). I usually go about opening a position when the pair is going bullish. If everything seems better, I trail the stop loss at 20MA and will close it immediately in case the run ends. Is there any other strategy you work around with?Playing around with the position sizes is exciting isn’t it? Like, I’m using MT4, and the time frames available range from 1 minute to 1 month. Gives me ample time to work around the position size, analyze how the candlestick behave, and exit the trade when I feel it’s not profitable anymore.
Nope, follow this approach only Shanell. I in fact trail the stop loss again if the frame suggests things would turn out better. Won’t say no to the green filling in the wallet.
Got adventurous and broke the monotony of playing safe. Luckily my brokers IC market and IB gave me a list of exotic pairs of which USD/THB & USD/VND suited me.oh i so agree, exotics are beaut, when it comes to following S/R levels.
Aren’t exotics the most volatile pairs? Plus trading them could be quite heavy on the pockets, so I’ve heard. I do want to try them out as I get good spreads on fxview, icm, but still a bit apprehensive.Got adventurous and broke the monotony of playing safe. Luckily my brokers IC market and IB gave me a list of exotic pairs of which USD/THB & USD/VND suited me.
Aren’t exotics the most volatile pairs? Plus trading them could be quite heavy on the pockets, so I’ve heard. I do want to try them out as I get good spreads on fxview, icm, but still a bit apprehensive.
Yea, exotic pairs are quite tough. I wanted to give a whirl, tho. How are spreads on fxview?
Yes they are and help investors realize brilliant results. But, their exchange rates are far less than the liquid markets. Because the transactions on these are few, it becomes difficult to exit when you want to.Aren’t exotics the most volatile pairs? Plus trading them could be quite heavy on the pockets, so I’ve heard. I do want to try them out as I get good spreads on fxview, icm, but still a bit apprehensive.
Aren’t exotics the most volatile pairs? Plus trading them could be quite heavy on the pockets, so I’ve heard. I do want to try them out as I get good spreads on fxview, icm, but still a bit apprehensive.
Volatile because they are less liquid. I would only trade them if it were a longer period trend trade.
Tried my hands and luck trading Singapore dollar and what paused me was not the volatility, but the high spreads because of it.