Meet other local people who are interested in Forex (Foreign Exchange Market) Trading. Gather and discuss trading Forex professionally and exchange ideas about strategy, the psychology of trading, and possibly turning Forex into a home-based business. Candlesticks have bodies unlike bars. Where the open dash and close dash are the top and bottom of the candlesticks body. It makes it a lot easier to see where the candle opened and closed. The different coloured candle bodies represent whether the candle moved up from open or down.
Systems that always make money - regardless the ups and downs of currencies, conditions and market fluctuations, are called Holy Grails”. Easy to fantasize about, hard to get one that in fact does this and brings you the pot of gold at the end of the rainbow. So don't be misled by all the hype” you hear. Most systems are not Holy Grails and for even the trader with great experience and finesse, there is always lurking the risk factor”!
Foreign exchange trading is a contract between two parties. There are three types of trades. The spot market is for the currency price at the time of the trade. The forward market is an agreement to exchange currencies at an agreed-upon price on a future date. A swap trade involves both. Dealers buy a currency on the spot market (at today's price) and sell the same amount in the forward market. This way, they have just limited their risk in the future. No matter how much the currency falls, they will not lose more than the forward price. Meanwhile, they can invest the currency they bought on the spot market.
reading this article I remembered a time (about a year ago) when used one EA. First month it gave me a profit, but from the second month it started loosing the whole account. But now I personally don't beleive in EA that can be profitable for a long time. Since I started reading your posts and strategies I see that my account is constantly growing for four months.
City Index is a trading name of GAIN Capital UK Limited. Head and Registered Office: Park House, 16 Finsbury Circus, London, EC2M 7EB. GAIN Capital UK Ltd is a company registered in England and Wales, number: 1761813. Authorised and Regulated by the Financial Conduct Authority. FCA Register Number: 113942. VAT number: 524837435.
If a bot is risking more that 5% of your capital on any given trade, its most likely going to run your capital to $0 eventually. Bear in mind, this is the way bots can generate huge % returns, i.e. simply by upping the risk... but backtest this money management strategy over a long period of prior data and you will inevitably see your capital run to $0.
Since FX trading is performed on currency pairs (i.e. the quotation of the relative value of one currency unit against another currency unit), in which the first currency is the so-called base currency, while the second currency is called the quote currency.