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Can you start forex trading at $10?

You most definitely can, and there are several ways to do so. One of the largest financial markets in the world, Forex trading is a very div... MoreYou most definitely can, and there are several ways to do so. One of the largest financial markets in the world, Forex trading is a very diverse field, and there are various opportunities that you can benefit from within it. When it comes to trading with a starting capital that is as small as 10 USD, you can use the following: Demo account. A demo account is a great way to start your career as a Forex trader, as it requires no starting capital whatsoever. In a nutshell, a demo account is an account that mirrors the real market but does not require any financial input on your side. As a beginner, you can benefit from trading with virtual money instead of your own, hard-earned funds, as it will allow you to get a better understanding of the Forex market without losing real money. Moreover, with a demo account, you can learn basic skills that will help you avoid common mistakes in the future- such as opening an order by accident. Finally, demo account can be used to explore various trading instruments, tools, and strategies. Cent account. This account was first introduced in 2006, specifically to help amateur traders who are only just getting started with the field of Forex trading. Unlike other trading accounts, the cent account lets you trade with cents, as opposed to more common dollars/euros. Put simply, the values associated with this account will be multiplied by 100, for example, if you deposit 5 USD, you will see a value of 500 cents on your account, and 10 USD will give you 1,000 - and so on. According to the experts at GXCM review, the main advantage of using the cent account is that you can learn trading skills within a real market environment, but without having to risk large amounts of your own money. Moreover, with a cent account, you can get a better insight into the quality of services that your broker has to offer, and decide whether or not you wish to stick with them. Finally, it is very easy to open a cent account, as there are no minimum or maximum deposit requirements that come with it, and no specific conditions that a trader has to meet. 3. Leverage. Leverage can be used to significantly increase your trading capital, by 10, 100, or even 1000 times. Moreover, using leverage means that you can really increase your potential profits. However, leverage can also be the source of some devastating losses, especially when used by beginners who lack adequate knowledge and skill, and, in many countries (especially in Europe), the maximum size of allowed leverage is capped by the local regulatory authorities. One way to use leverage is to search for a broker that implements an extra client protection measure and ensures that you can only lose what you have originally invested. As you can already tell, there are various ways in which you can start trading Forex with only 10 USD of trading capital. This proves just how inaccurate is the stereotype of Forex trading being available exclusively to those, who can invest enormous amounts ts of money in it. Here you can find some general answers to the most common questions about Forex. https://nordfx.com/promo/tfx.html?id=972795

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Turkey Interest Rate April 15 2021

See my full trade plan here https://jamesthatchersnewstradinganalysis.quora.com/Turkey-Interest-Rate-April-15-2021

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Australia Employment Change April 15 2021

See the Full trade plan here https://jamesthatchersnewstradingana...-April-15-2021

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United States Crude Oil Inventories April 14 2021

See the full trade plan here. https://jamesthatchersnewstradingana...-April-14-2021

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United States Core CPI m/m April 13 2021

See Full Trade Plan here : - https://jamesthatchersnewstradinganalysis.quora.com/United-States-Core-CPI-m-m-April-13-2021

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Canada Employment Change April 9 2021

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How much money do you need to start forex trading?

The good thing about Forex Trading is that you don’t actually need much money to get started, in fact you can start with no money at all w... MoreThe good thing about Forex Trading is that you don’t actually need much money to get started, in fact you can start with no money at all with a Free Demo account. Some Live Trading Accounts require a minimum of $1 deposit but as you can probably imagine there is not much you can do with this amount of money. If you’re new to Forex Trading then instead of putting money into an account straight away you can instead open a free demo account which requires no deposit at all. You will get access to the same markets and the same trading tools so instead of jumping in and risk losing your money you can first familiarise yourself with the platform and the tools available. Once you have more Knowledge on Forex Trading and you understand how to place trades and how to manage your risk. Then you will be ready to open a live trading account. We’d recommend using Markets.com they are regulated and trustworthy unlike some other brokers out there. The amount you start with is completely up to you but the minimum is 100 Euros, GBP or USD. As mentioned above you can find companies that allow you to start with 1 Euro, GBP or USD however that amount of money is pretty much pointless to start with, you might as well stick with the demo account until you have saved up enough money to make a real go of it. The reason you should consider starting with a higher deposit is for Risk management reasons and also to keep your interest. If you are sticking to some risk management rules most traders suggest risking no more than 1% of your account on any given trade therefore if you are trading with 100 EURO, GBP or USD then your risk should be 1 EURO, GBP or USD and as you can probably imagine the amount of money you can make from 1 EURO GBP or USD is not that exciting…. That leads us on to enough to keep your interest. If you are making 10 EURO, GBP, USD a day from Forex trading is it going to excite you? if you are making 100 EURO, GBP, USD a day from forex trading is it going to excite you or do you need to be making 1000 EURO, GBP or USD a day from Forex trading in order for it to excite you?? The point I’m getting at is if it doesn’t excite you then you probably wont stick with it for long so you have to work backwards to work out how much money you need in your account. If you are looking to make thousands then you need to have thousands in your account to do that or you need to have the patience to build you account over time from compounding to reach your goal. Money makes money in this industry but you can also make money from having patience so its for you to decide which approach is best for you. Here you can find some general answers to the most common questions about Forex. https://nordfx.com/promo/tfx.html?id=972795

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Is Forex trading easy or difficult?

Forex is a global market that allows trading between two currencies. Here currencies compete with each other, you can buy or sell currencies... MoreForex is a global market that allows trading between two currencies. Here currencies compete with each other, you can buy or sell currencies pairs. Nowadays Forex market is going well and growing, you can make good profits on your investment. Easy or difficult? So back to the question of whether currency trading is easy or difficult, the answer is both. Yes, currency trading is difficult if your only goal is to make money fast. With this pattern of thinking, you will solve your problem before starting a business. First of all, you need to master the financial markets. That is, pay attention to the main analysis. Many traders are just trying to learn the basics of technical analysis. They believe that all of this is necessary for their trade. Even if you only trade the market during the day, most markets end up moving. Thus, a combination of basic technical analysis and currency analysis skills can help you overcome this. It is equally important to have a trading strategy. Without a strategy, you cannot be too smart in Forex trading. You can lose a lot of money. You can only have a good trading strategy if you know the basics well and have experience in technical analysis. Currency trading is also easy, if you are willing to spend time and effort to become a successful trader. Like other professions, currency trading is no different. This takes time, and in most cases, years before you can master the art of currency trading. Still, all that has been said and done, remember that currency trading is risky. You will always risk losing your money, no matter how good it is. Taking losses is part of currency trading. The trick is to make sure you lose less and win more. Advantages and Challenges of Forex Trading Advantages: The forex market is the largest in terms of daily trading volume in the world and therefore offers the most liquidity. This makes it easy to enter and exit positions in major currencies in the blink of an eye for small spreads in most market conditions. Challenge: Banks, brokers, and traders in the forex market allow high amounts of leverage, which means that traders can control large positions with a little of their own money. Leverage in the 100: 1 range is a high but unusual ratio in forex. A trader must understand the use of leverage and the risks introduced by leverage in the account. The amount of leverage that causes many traders cannot be repaid unexpectedly. Advantages: The forex market trades 24 hours a day, five days a week - starting daily in Australia and ending in New York. Its main centers are Sydney, Hong Kong, Singapore, Tokyo, Frankfurt, Paris, London, and New York. Challenge: Trading currencies productively requires an understanding of economic fundamentals and indicators. A currency trader needs to have a good understanding of the economies of various countries and interconnected to understand the fundamentals that drive the value of a currency. Here you can find some general answers to the most common questions about Forex. https://nordfx.com/promo/tfx.html?id=972795

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What is the best time of day to trade forex?

There are 2 ways to profit in Forex: Trade on smaller time frames using leverage/multiple lots Trade on longer time frames using small p... MoreThere are 2 ways to profit in Forex: Trade on smaller time frames using leverage/multiple lots Trade on longer time frames using small positions and using a large enough stop loss so typical price movement does not stop you out on every trade Trading #1-It is usually best to trade on short time frames during periods of high liquidity and high volatility when the most activity occurs. This will usually result in your targets being hit quicker. The movement tends to be more linear during the volatile times, and more sideways/choppy during the least volatile times. The trading range which starts around 19:00 EST USA during the Asia session is usually small (40–50 pips) and the movement if one way (example-if the price moves 40–50 pips long /up) is usually completely retraced in either the London 3:00 EST USA or New York 8:00 EST USA sessions. The volatility comes in at the London open 3:00 EST USA and then again the volatility can increase during the “Valley” which is 5:00 EST USA to approx. 8:00 EST USA. Smart Money takes the opportunity to move price before the liquidity increases at the New York open 8:00 EST USA. Trading #2-The longer time frame trades such as position/swing trades are not dependent upon short term volatility so the entry and exit of these trades is flexible. It is most important that the trades are entered at a favorable trade location such as an order flow imbalance or a price extreme zone to give the trader a higher probability of profit. Many Retail day traders trade the opening of either the London or New York session. That is when the volatility and volume increases. You need to really pay attention when you trade the opening of these sessions because those who run the market know that most amateur traders are getting into the market at these times and they can set up stop runs and counter trend moves that will be retraced later on in the sessions. Also there are algorithms which move price action around in a way that is difficult to track using traditional technical analysis techniques. Always trade in the direction of the prevailing order flow/long term bias. Here you can find some general answers to the most common questions about Forex. https://nordfx.com/promo/becometrader.html?id=972795

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Who are successful Forex traders?

Successful Forex traders are people who strategically plan their success and have the confidence and sticking power to trade over the long t... MoreSuccessful Forex traders are people who strategically plan their success and have the confidence and sticking power to trade over the long term. I packed a lot into that opening sentence, so let’s break it down… Strategically Plan Your Forex Success Most at-home traders get started trading in a way that will never lead to success. Complicated, time consuming strategies are very hard to learn and trade. This leads to the majority of people failing. So, the way you trade needs to be strategically designed to succeed before you place your first trade. I like to use the example of The Red Baron for strategic planning. The Red Baron was a WWI flying ace with 80 confirmed victories. He was so successful because of his strategic planning. His brother, Lothar, was a better and more acrobatic flyer. However, he only had 40 confirmed victories. This show that strategic planning is better than skill. So, successful Forex traders need to be strategic planners. I strategically plan for success by trading a very simple strategy anyone can learn and trade in just 1 minute a day. (Check my profile for more details). Confidence In Your Forex Trading Strategy Successful Forex traders need to have confidence in their trading strategy. No trading strategy wins all the time. This means there will be winning, consolidation and drawdown periods. If you don’t trust your strategy over the long term, you will give up on the strategy as soon as there are some losing trades or a losing streak. This is not the way to be a long term profitable trader. Stick With Forex Trading For The Long Term Successful Forex traders look at trading as wealth accumulation… no money making. There is an important difference. If you are concerned with growing your wealth over time (and in a way that can beat the S&P 500 and Wall Street traders), you need to take a long term view. However, if you are only interested in making money, you are going to focus on short term goals. Goals like, “How much money can I make a month?” But what happens when you have a breakeven or losing month? You quit. So, I repeat: Successful Forex traders are people who strategically plan their success and have the confidence and sticking power to trade over the long term. Here you can find some general answers to the most common questions about Forex. https://nordfx.com/promo/tfx.html?id=972795

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Is investing in the forex market risky?

Forex is one of the most traded markets, so there's a lot of competition which means there are some risks to take into contemplation. In ... MoreForex is one of the most traded markets, so there's a lot of competition which means there are some risks to take into contemplation. In a lot of ways, it is a unique industry. In some countries, it is practically unregulated. Forex trading is available any time of the day, five days a week. Traders basically try to profit from the speculation of how currencies will shift in the future. Unlike other industries, it doesn't have a centralized marketplace. a lot of the transactions are done via platforms or over the counter. One of the reasons for such high competition is the accessibility of the industry. To start Forex trading one needs a good internet connection, a computer, and a little capital for the initial deposit. Even though it is easy to start trading, it's definitely not an environment without any risks. You are one wrong decision away from losing your revenue. I will give you a summary of 4 different types of risk, so you can have a better understanding of them. In forex trading, market risk can be linked to anything. As we know Forex trading is largely based on currency exchanges, So any political or social event can have a huge toll on your investment. For example, Brexit had a huge impact on the exchange rate of the Pound. For Forex traders, things like this are actually an opportunity in disguise, because one can take the advantage of the shifting of the prices of a currency. This is why most currency exchanges are short-term. As a Forex trader, you need to be attentive. Liquidity risk means that it is quite easy and fast for you to open or close your account at the price point you were aiming for. As previously mentioned it's a competitive industry so there are tons of buyers or sellers out there. It's noteworthy to say that there are times of low and high liquidity within the industry. It's important to think about this because it means that the cost of trading will go up. Counterparty risk is basically anything that has to do with your broker. The case might be that they are not paying you for a variety of reasons. Maybe they have gone bankrupt or don't have any regulatory policies in place. This risk is very tricky to manage, the best way to avoid it is to do your business with reputable and regulated firms. Leverage can be a very good advantage and also a big risk factor as well. Banks and brokers alike offer a huge amount of leverage. Just because you have an option of huge leverage doesn't mean you should use it. here are the reasons why you need to be careful. If one takes too much market risk and loses, one's loss will be leveraged up. During the time of low liquidity, your trading costs go up and also get leveraged up as well due to the spread of your position. Forex is a very serious marketplace, where everything happens very rapidly so you need to do your research beforehand to minimize your chances of loss. Here you can find some general answers to the most common questions about Forex. https://nordfx.com/promo/forexspinoff.html?id=972795

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Is Forex a good investment?

Investing in financial markets has raised interest all over the world. Traditionally, currency trading was a preserve for multinational corp... MoreInvesting in financial markets has raised interest all over the world. Traditionally, currency trading was a preserve for multinational corporations and well-endowed investors. The Forex market has, however, opened up the financial market to the average investors. The foreign exchange (Forex) market provides a means of doing business for multinational companies in other countries. This is because it facilitates the payment of bills in local currency. It also offers an opportunity for investors to take advantage of the exchange rate movements. 1. Accessibility The Forex market, compared to other online trading markets, is more accessible. You can start forex trading from as low as $100. You don’t require a huge deposit to start trading. When you are consistent, smart, and patient, you can start with a small amount and grow slowly. Many people started with less and are now trading at seven figures. Another remarkable thing about Forex trading is that you can easily sign up for a trading account from your laptop. Many Forex brokers operate online. All you need to do to start trading is to register, submit your documents, and deposit money into your Forex trading account. The process is as easy as explained by Pepperstone Australia. Accessibility does not influence the quality of the Forex market. However, it proves why Forex trading is the best market to trade on. As an amateur trader, you can create a free demo account to gain some experience before you start paper Forex Trading. 2. Time Flexibility The Forex trading market operates 24 hours a day and almost seven days every week. You don’t have to wait for the opening bell to start trading. This is because it involves many currencies from all over the world, that float in the market. You can enter and exit a trade whenever you want. Whether you are a student, business-person, or employee, you can trade part-time. 3. Profitability This is perhaps the reason every investor is looking for. The Forex market is highly profitable, with the potential to multiply your initial investment ten-fold overnight. As opposed to the stock market where you only make a profit when your stocks’ worth goes up, you have a lot of money to make in Forex even when your currency is going down. If you think a currency is going up, you buy it. When you feel a currency is going down, you sell it. It’s that simple. The Forex market is a two-way market, where you work with pairs. This means that when one currency is decreasing, the other is increasing. Many people started Forex trading as a part-time business but quit their jobs later on after making handsome profits. The key is to invest more as more investment increases your profit margins. But there’s a catch. Take your time to learn the skill well to make smart decisions and win trades successfully. 4. Equality Due to the enormous size of the Forex market, everyone is equal at trading. Most markets are usually controlled by one person or a few individuals and institutions. But with Forex trading, the retail trader trades on the same level as banks and other financial institutions. The Forex market cannot be influenced or compromised. This means that your analysis of supply and demand will most probably be accurate. 5. Liquidity Forex trading is hugely liquid because of the size of the market. It is the largest financial market globally and trades nearly $2 trillion every day. As an investor, you can easily enter or exit a position without worrying about the price jumping too far before executing your trade. Under the standard market state, you can always buy or sell by just a click since there’s always someone on the other side of the market who’s willing to take your deal. A trader will never get “held” in a trade. You can always program your online trading platform to exit your trading position when you have reached the intended profit amount. This is referred to as a limit order. You can also set it to close the trade if it is moving against you. This is called a stop-loss order. Forex trading promises vast rewards if you take your time to learn well and start trading consistently. The main reason why it is attracting many investors is because of the potential to earn bountiful profits. It is also accessible for the average investor who can trade small amounts of money at any time of the day. All investors trade at a level playing field regardless of whether it’s a multinational company or a single investor. No one can manipulate the market. Happy trading! Here you can find some general answers to the most common questions about Forex. https://nordfx.com/promo/forexspinoff.html?id=972795

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US Non-Farm Payrolls March 05 2021

Once a super hot, big mover this data is not so much in focus now. However it is still some of the most important data the US publishes and ... MoreOnce a super hot, big mover this data is not so much in focus now. However it is still some of the most important data the US publishes and IF, and that's a BIG if, the key important components deviate harmoniously without a conflict. Then we can expect a sustained move in many FX pairs. I concentrate on USDJPY, the liquidity is good, and spreads small. Last month we got some small deviations but still USDJPY produced 15 safe pips. The move wasn't too violent, and the fills would have been good. See Charts Here --> https://kenc4jbhyi.execute-api.eu-west-2.amazonaws.com/stage1//link?id=28009¶ms=aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTI4MDA5O3Q9MjAyMS0wMi0wNSUyMDEzOjMwOjAwLjA7cz1VU0RKUFk7cj1NMQ.. In January 2021 we have a very good example of why the data must deviate harmoniously without any substantial conflicts. We had a large -211 deviation from the headline number, but we also got a small Unemployment conflict along with some rather large conflicts from "Average Earnings", which is an inflationary number. The move was a deadly mess! Wouldn't have wanted to be in the market on that one! See Charts Here --> https://kenc4jbhyi.execute-api.eu-west-2.amazonaws.com/stage1//link?id=26090¶ms=aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jYWxlbmRhcjtpPTI2MDkwO3Q9MjAyMS0wMS0wODtyPU0x Trade Plan, IF we get a sizeable deviation from "Nonfarm Payrolls" of more than 100+- AND Unemployment doesn't conflict then we can look to enter the market, and hope for a sustained move. I would watch for any big deviations from Average earnings that conflict, anything more than 0.4+- would call in to question if the move will be long lasting.

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US Crude Oil Inventories March 03, 2021

DOE Crude Forecast is -0928 DOE Gasoline is -2300 API Actual Crude is +7400 API Actual Gasoline is -9900 I'll use a forecast of -/+300... MoreDOE Crude Forecast is -0928 DOE Gasoline is -2300 API Actual Crude is +7400 API Actual Gasoline is -9900 I'll use a forecast of -/+3000 for Crude oil Will therefor use a forecast of = -5000 for Gasoline Remember that Oil is a commodity. More oil is bad for the market price and vice versa. A positive deviation means a SELL on OIL and a negative deviation means a BUY on oil! So we must reverse the triggers!! Recent History Check out the move that API private report created last night here! See charts here.... https://kenc4jbhyi.execute-api.eu-west-2.amazonaws.com/stage1//link?id=32974¶ms=aHR0cDovL2NhbGVuZGFyLmdhbGF4eXNvZnR3YXJlaW5jLmNvbS8jL2NhbGVuZGFyO2k9MzI5NzQ7dD0yMDIxLTAzLTAyO3I9TTE. Last week's DOE report gave us a very small T1... small move! See charts here... https://kenc4jbhyi.execute-api.eu-west-2.amazonaws.com/stage1//link?id=30131¶ms=aHR0cDovL2NhbGVuZGFyLmdhbGF4eXNvZnR3YXJlaW5jLmNvbS8jL2NhbGVuZGFyO2k9MzAxMzE7dD0yMDIxLTAyLTI0O3I9TTE. Trade plan Trade on any oil symbol USOil, Crude, WTI, Brent etc We need both lines of data to arrive within a set time to trade. If it doesn't arrive within those times I won't fire a trade. For platforms without slippage, I will set the timeout to 100ms For platforms with slippage, I will set a timeout of 500ms T1 = 5900 dev, with max conflict of 2500 on Gasoline T2 = 6900 dev, with max conflict of 3500 on Gasoline T3 = 8000 dev, with max conflict of 5000 on Gasoline Additionally, we can set up another T1 trigger of +-5000 on Gasoline if Oil deviates by at least +-1750

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ISM Manufacturing PMI March 01, 2021

Range of Forecasts High= 60.3 Low= 57 Avg= 58.67 Therefore I will use a forecast of Median= 58.6 In last 4 months we have seen the ... MoreRange of Forecasts High= 60.3 Low= 57 Avg= 58.67 Therefore I will use a forecast of Median= 58.6 In last 4 months we have seen the following results from this report. November 2020 Actual PMI result +3.5 above forecast. This gave +61 pips move over the first minute. 1 min ( 17.4 pips per 1.0 dev) See Charts -> https://calendar.galaxysoftwareinc.com/#/calendar;i=23939;t=2020-11-02;r=M1 December 2020 Actual PMI result -0.5 this gave negative -17 pips in the first minute (too small to trust) See Charts -> https://calendar.galaxysoftwareinc.com/#/calendar;i=24927;t=2020-12-01;r=M1 January 2021 Actual PMI result +3.9 This gave a fantastic +70 pips in the first minute ( 17.9 pips per 1.0 dev) See Charts -> https://calendar.galaxysoftwareinc.com/#/calendar;i=25926;t=2021-01-05;r=M1 February 2021 Actual PMI result -1.3 This gave a +68 pips move over the first minute, 1 min ( 52 pips per 1.0 dev) see charts -> https://calendar.galaxysoftwareinc.com/#/calendar;i=26826;t=2021-02-01;r=M1 Statistically this report gives approx. 17 pips per 1.0 deviation from forecast Median. Although last month was an exceptionally large move which was illogical Trade Plan is to trade only with slip control Trade on DOW T1/ 2.0 = expect 34 pips, Allowing slippage of MAX of 4 T2/ 3.0 = expect 51 pips, Allowing slippage of MAX of 6 T3/ 4.0 = expect 67 pips, Allowing slippage of MAX of 8

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Crude Oil Inventories February 24, 2021

DOE Crude Forecast is -5190 DOE Gasoline is -3062 API Actual Crude is 1026 API Actual Gasoline is 0066 Will therefor use a forecast of =... MoreDOE Crude Forecast is -5190 DOE Gasoline is -3062 API Actual Crude is 1026 API Actual Gasoline is 0066 Will therefor use a forecast of = -2500 for Crude oil Will therefor use a forecast of = -1500 for Gasoline Remember that OIL is a commodity, so more oil is bad for the market price and vice versa. A positive deviation means a SELL on OIL and a negative deviation means a BUY on oil! So we must reverse the triggers!! Check out the great move that API private report created last night here! Nice spike and continuation! See charts here.... https://calendar.galaxysoftwareinc.com/#/calendar;i=30120;t=2021-02-23;r=M1 Last weeks DOE report didn't trigger for us but was very close! See charts here.... https://calendar.galaxysoftwareinc.com/#/calendar;i=29285;t=2021-02-18;r=M1 Trade plan.. For non-slip platforms will use a timeout of 100ms For platforms with slippage will use a timeout of 500msT1 = 3900 dev, with max conflict of 1500 on Gasoline T2 = 4900 dev, with max conflict of 2500 on Gasoline T3 = 6000 dev, with max conflict of 3500 on Gasoline Additionally, I can set up another T1 trigger of +-5000 on Gasoline if Oil deviates by at least +-1750 On platforms that allow slippage control, I can run the same setup but allow GAS conflicts up to 5000 on all triggers.

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THIS INFORMATION WORTHS YOUR TIME ONLY TAKES 5 MINUTES AND WILL SHORT YOUR WAY ON TRADING

Hello guys, this is my second post in the forum, thanks for letting me contribute, now there's one serious thing i've been noting since the ... MoreHello guys, this is my second post in the forum, thanks for letting me contribute, now there's one serious thing i've been noting since the first day i started with trading and that thing is that i've been noticing that is not good to trade with market maker brokers and the reason is because they can MANIPULATE the prices, trust me, the first day i traded i was using XM.com and guess what, i anotated my entrances, i only had 1 open position and then guess what... well at the other day i was stumbed upon they changed my entrances they modified the TAKE PROFIT, the STOP LOSS and the original entrance, the thing is that i lost the trade because they modified everything but FORTUNATELY i took a screenshot of it and told the technical support department they were doing fraud, by that point they told me they weren't doing anything of that and to keep it short they told me that was the original position (WHICH I KNOW IS NOT TRUE BECAUSE LIKE I SAID I TOOK SCREENSHOT), after that i wanted to give another try to FOREX this time i tried with a broker whose name is ICMARKETS https://www.icmarkets.com/?camp=15222 that is an ECN broker that means that your profits are not their losses and their losses are not your profits you are trading with someone real on the market, and i highly suggest you always do this cause otherwise what happened to me could happen to you if you use a market maker broker like XM, to describe everything above in short words my best opinion for novice traders is to always trade with an ECN broker because there's always an interest lying up in the middle betwen market makers and you :)

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German Composite PMI - February 19th 2021

This PMI is important to the market as its a forward-looking indicator that helps predict the direction of Europes largest economy! Check o... MoreThis PMI is important to the market as its a forward-looking indicator that helps predict the direction of Europes largest economy! Check out how well EURUSD moved last month, on very small conflicting deviations... See charts here --> https://calendar.galaxysoftwareinc.com/#/calendar;i=26486;t=2021-01-22;r=M1 We must concentrate on the Manufacturing line, as this is the most important part of the German economy! Trade Plan.. German Manufacturing PMI - Primary triggers of 2/3/4 German Composite PMI - must deviate by 1.0+- German Services PMI - must deviate by 1.0+-

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Crude Oil Inventories - February 18th 2021

DOE Crude Forecast is -2426 DOE Gasoline is +1397 API Actual Crude is -5800 API Actual Gasoline is +3900 Will therefor use a forecast of... MoreDOE Crude Forecast is -2426 DOE Gasoline is +1397 API Actual Crude is -5800 API Actual Gasoline is +3900 Will therefor use a forecast of = -4000 for Crude oil Will therefor use a forecast of = +2500 for Gasoline Remember that OIL is a commodity, so more oil is bad for the market price and vice versa. A positive deviation means a SELL on OIL and a negative deviation means a BUY on oil! So we must reverse the triggers!! Check out the great move that API private report created last night here! Nice spike and continuation! See charts here.... https://calendar.galaxysoftwareinc.com/#/calendar;i=29263;t=2021-02-17;r=M1 Last weeks DOE report didn't trigger for us but was very close! See charts here.... https://calendar.galaxysoftwareinc.com/#/calendar;i=28647;t=2021-02-10;r=M1 Trade plan.. For non-slip platforms will use a timeout of 100ms For platforms with slippage will use a timeout of 500ms T1 = 3900 dev, with max conflict of 1500 on Gasoline T2 = 4900 dev, with max conflict of 2500 on Gasoline T3 = 6000 dev, with max conflict of 3500 on Gasoline Additionally, we can set up another T1 trigger of +-5000 on Gasoline if Oil deviates by at least +-1750 On platforms that allow slippage control, we can run the same setup but allow GAS conflicts up to 5000 on all triggers.

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Australian Employment report - Feb 18th 2021

Australian data is showing more signs of pushing the Aussie dollar around when we get a good surprise. Employment is a key metric for the Au... MoreAustralian data is showing more signs of pushing the Aussie dollar around when we get a good surprise. Employment is a key metric for the Aussy as the RBA is watching it! Last time we really didn't get that much of a deviation, with just -0.1 in Unemployment creating a small 4 pip move. Not enough to trade, but does show that the Aussie is sensitive to a deviation. Check out the move here... https://calendar.galaxysoftwareinc.com/#/calendar;i=26434;t=2021-01-21;r=M1 It is important that we consider the 3 main lines in any trading decision, Employment = The headline number of how many jobs are gained or lost. Full Time = How many of those jobs are Full-time positions, as opposed to Part-Time. This is important as a big positive surprise in Employment number may look good initially, but if it's made up of many Part-time positions, well that's not good at all! Unemployment= This line is important! the RBA is watching this line specifically, and will be key to any trade's success! This month the forecast ranges are tighter than normal, so that helps if our triggers are hit! Trade Plan...No Slippage control... Trade on AUDNZD T1 TEST = EC=50K & UE= 0.2 & FT=38K all must dev T2 VERY SMALL= EC=50K & UE= 0.4 & FT=38K all must dev or T2 VERY SMALL= EC=100K & UE= 0.3 & FT=38K all must dev T3 SMALL =EC= 50K & UE=0.8 & FT=38K all must dev With Slippage control.. Trade on GBPAUD Slippage of = 5/7/8 pips of slippage EURAUD Slippage of = 5/7/8 pips of slippage T1 TEST = EC=40K & UE= 0.2 & FT=38K all must dev T2 VERY SMALL= EC=40K & UE= 0.4 & FT=38K all must dev or T2 VERY SMALL= EC=100K & UE= 0.3 & FT=38K all must dev T3 SMALL =EC= 40K & UE=0.8 & FT=38K all must dev

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