Trading Support and Resistance

A place to talk about all aspects of Forex Trading.

Forex Trading Chatrooms, online chat, trading rooms, etc..
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Forex Stocks And Cryptocurrencies

Commodities, Currencies, Cryptocurrencies,Indices and Stocks. Trading Ideas based on Chart Patterns, Technical Analysis or Fundamental Analysis. Main Instruments: EURUSD GBPUSD GOLD CRUDEOIL USDJPY BITCOIN BTCUSD LTCUUSD ETHUSD Main Chart Patterns: Harmonic and Breakout Patterns Tradingview ideas are wellcome. No Spam will be allowed.
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Forex Master Trading

Forex Master Trading
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Bcnex Congratulations! #Bcnex #IcoEnd #Thankyou #Congrats Since 2006 when we first joined the Forex market, we have been researching and developing a number of Forex trading trading systems.

Bcnex Congratulations! #Bcnex #IcoEnd #Thankyou #Congrats Since 2006 when we first joined the Forex market, we have been researching and developing a number of Forex trading trading systems. submitted by cjaygamz002 to CryptoAsiaSea [link] [comments]

When Losers Build a Castle in the Air, Winners Start to Dig the Earth. #fxtrade #winners #losers #plan #forex #trading #trade #wetalktrade

When Losers Build a Castle in the Air, Winners Start to Dig the Earth. #fxtrade #winners #losers #plan #forex #trading #trade #wetalktrade submitted by Wetalktrade to u/Wetalktrade [link] [comments]

More than anything else, the right attitude is the key! #forex #trade #trading #attitude #confident #forextrading #forexlife #expectation #forexlifestyle #wetalktrade

More than anything else, the right attitude is the key! #forex #trade #trading #attitude #confident #forextrading #forexlife #expectation #forexlifestyle #wetalktrade submitted by Wetalktrade to wetalktrade [link] [comments]

More than anything else, the right attitude is the key! #forex #trade #trading #attitude #confident #forextrading #forexlife #expectation #forexlifestyle #wetalktrade

More than anything else, the right attitude is the key! #forex #trade #trading #attitude #confident #forextrading #forexlife #expectation #forexlifestyle #wetalktrade submitted by Wetalktrade to u/Wetalktrade [link] [comments]

Forex Trading, Trade in Forex Platform at Capital Street FX

Forex Trading, Trade in Forex Platform at Capital Street FX submitted by yateeshcsfx to financialmarkets [link] [comments]

Thirty Days of FOREX Trading: Trades, Tactics, and Techniques

submitted by harleydavidson789 to easymoneyforteens [link] [comments]

Amateur Forex trader looking to make forex group trading!

Hi, I am an amateur forex trader who is looking to form a forex trading trading group through skype. I trade mainly EuUsd, Usd/Jpy, Gbp/Usd and other pairs on the hour charts. I use price action strategy and fibonacci as well as other indicators. I simply want to have other peoples input on trading and hopefully share my strategies and learn something new from you guys also! Let me know if anyone would be interested. P.S. I am a student which is trying to make a living off of forex, so I trade on live as well as demo accounts.
submitted by shampooticklepickle to Forex [link] [comments]

Pound escaped from the scaffold. Forecast as of 29.09.2020

Pound escaped from the scaffold. Forecast as of 29.09.2020
It seemed that Boris Johnson should have crashed the sterling by the domestic market bill. But it was only a part of the plan. Let us discuss the pound prospects and make a GBPUSD trading plan.

Fundamental Pound forecast for this week

How to make a nation happy? Ruin the hopes for the bright future and bring them back. The UK domestic market bill, which allows canceling some paragraphs of the EU-UK deal signed last year, could have ruined the last hopes for a Brexit deal. The UK has created problems itself and was going to face new tariffs after December 31, which would hit the UK economy, already weak. Fortunately, the chance to sign the EU-UK trade deal has increased, and the pound is strengthening.
All or nothing. The final round of the EU-UK talks should clarify the situation, also for the sterling future trend. The progress suggests moving into the next stage of the “tunnel” negotiations to allow both sides to discuss detail and present the draft deal at the EU summit in mid-October. Otherwise, if the negotiations fail, the chance of a no-deal Brexit will surge. The pound traders are preparing for the market turmoil, as the GBP will be somewhat responsive to any news about Brexit talks. The EU’s chief negotiator, Michel Barnier, told there was “a more open atmosphere at the negotiating table.” Moreover, Bloomberg’s source familiar with the matter suggests that the EU will demand the withdrawal of specific provisions on the UK internal market bill in exchange for concessions. The GBPUSD bulls went ahead and sent the rate above the top of figure 29 for a while.

Reaction of pound to positive information about Brexit


Source: Reuters.
If the Brexit deal is signed, Boris Jonson’s game will be useful. The UK often exaggerates the crisis scale to fuel the positive news after the problem is solved. If so, the BoE will have no reasons to cut the interest rates below zero. Expectations for the BoE rate cut were one of the drivers for the sterling’s drop in September. Some BoE officials, including Andrew Bailey and the deputy Governor Dave Ramsden, say there is no need for negative rates. Their opponents, including Silvana Tenreyro, note that in other countries, the banking system has adapted to similar monetary policy.
We shouldn’t deceive ourselves about the positive influence of the UK fiscal stimulus on the pound rate. According to Goldman Sachs, the new financial aid package won’t save the UK labor market form either the loss of another 2.2 million jobs or the unemployment growth to 9%, which is two times more than the current level.

GBPUSD trading plan for the week

Brexit and nothing else will determine the sterling trends for the near future. The progress in the Brexit talks encourages the GBPUSD bulls. Pound volatility should be very high during the week through October 2. If the UK-EU talks succeed, the price could hit 1.33. If the pound buyers break out the resistance at $1.2925-$1.293, it may be a signal to buy the GBPUSD. There must be a stop loss, as the lack of progress could send the pair towards 1.2.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/pound-escaped-from-the-scaffold-forecast-as-of-29092020/ ?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

EUR/USD forecast: Euro doesn’t believe its luck

EUUSD forecast: Euro doesn’t believe its luck

Fundamental euro forecast for today

EUUSD bulls do not believe Christine Lagarde’s optimism

ECB is monitoring the euro exchange rate, but it is not willing to start a currency war now. Christine Lagarde expressed optimism about the euro-area economic recovery, the ECB president hasn’t signaled the further monetary easing in the near future. Lagarde’s speech should have encouraged the EUUSD bulls, but they didn’t believe the good news, so they didn’t go ahead. It looks like a catch. The ECB officials express concerns about the euro strengthening ahead of the Governing Council meeting, and, next, the ECB president sounds hawkish.
At the press conference, Christine Lagarde several times stressed that exchange rates and the euro appreciation were not the ECB policy target. However, the exchange rate was the most discussed topic at the Governing Council meeting in September. According to a Reuters source familiar with the matter, the ECB officials have agreed that the EUUSD rally resulted from a faster economic rebound in the euro area compared to the US growth, the Fed’s easy monetary policy, the increased confidence in the currency bloc due to the management of the pandemic fallout. Moreover, the upcoming presidential election in the US weighs on the US dollar. Bloomberg’s leading indicators signal that the GDP recovery is the fastest in Germany. After a temporary downturn in France, Italy, and Spain on concern about the second wave of the COVID-19 outbreak, the economic activity is gradually increasing. The UK, US, and Canada persistently lag behind.

Dynamics of the economic recovery


Source: Bloomberg
Four sources on the ECB's Governing Council told Reuters that the ECB acknowledges the negative effects of the euro's strength on inflation and growth, but the central bank is not willing to start a currency war. Speaking after the meeting, two sources said they saw $1.20 as not far from the equilibrium exchange rate at present. According to Citigroup, if the EUUSD is up by another 5%, the European Central Bank will take active measures. In the meanwhile, the regulator is carefully monitoring the exchange rates of the regional currency. The Governing Council policymakers at the meeting considered adopting the language used to stem the euro's previous rally, in early 2018, when the former ECB President Mario Draghi described "volatility in the exchange rate" as "a source of uncertainty", according to Reuters.
The Reuters sources say the southern countries of the eurozone are much more concerned about the euro strengthening than the northern ones. The Governing Council hawks wanted Lagarde to note the great progress in the euro-area economic recovery. François Villeroy de Galhau, the governor of the French central bank, insisted on this especially strongly.
So, the EUUSD bulls feared verbal interventions, signals of monetary easing, and the ECB willingness to follow the Fed’s example and target the average inflation. None of the fears came true. However, the euro hasn’t consolidated above $1.19. Are the buyers so weak? Or, they could feel a catch and will resume attacks after the ECB officials’ speeches. I suppose both scenarios should be considered. If the euro rises above $1.192, it will be relevant to buy. If it slides down below the support levels of $1.1795 and $1.1765, we should sell the euro versus the dollar.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/eurusd-forecast-euro-doesnt-believe-its-luck/?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

Another forex trading scam.

Another forex trading scam. submitted by SinkyShippy to Scams [link] [comments]

Help a newbie in trading

I am new to trading, but as far as I understand, coronavirus has brought chaos to the market.
I try to understand strategies and read many articles. Can you recommend articles similar to this one: https://www.oinvest.co.za/en/forex-trading/trading-strategies
submitted by DanaRey1 to u/DanaRey1 [link] [comments]

How long have you been into forex trading?

From the time you heard about forex and started learning to today.
submitted by CD_GG_FX to Forex [link] [comments]

Should I invest in this company to learn forex trading?


Recently one of my friends that is equally into trading gave me a link for this company he has been practing with. Before I heard about this company I just liked picking his brain and having a back and fourth with him about what to do next etc etc.
But I'm getting some bad vibes, ok so the company was just formed right? So I understand if they are a little new and don't have everything figured out. But certain things are seriously freaking me out.
  1. YOU HAVE TO have a referral from someone you know, this is weird because they give you money the more people you refer, so if this is how they are making their money 1 sounds like an MLM, when will they stop focusing on trading and instead just focus on what their business is about? (This could be legit but I am very careful when it comes to MLM)
  2. When speaking to the presenter, they never asked if anyone wanted to ask questions with a Q and A and just left a few of my questions unaswnered even though her presentation was all about how they answer questions and their course is awesome because its interactive…. so… that's a little sus.
  3. They are offering trips to Mexico and things like this, which I actually like but I am also a little werieded out by, I feel like they might be using this as a crazy tactic.
  4. So its only 20$ which isn't that much, however they don't accept things like PayPal or Venmo so they would have my actual information if I sign up for them, now is 20$ worth giving them this? What can they actually do with it… also is 20$ worth the knowledge they are going to give me? hmmm…..
What do you guys think about this? Have any of you actually been successful in not getting formal training?
submitted by Aceofwands111 to Forex [link] [comments]

Is it worth paying for Forex trading courses?

I’ve been trading stocks here and there by using tips that I’ve learned off of countless hours of internet research and YouTube videos. My friend got interested in Forex trading because his friend said he made $1k in a day. I don’t believe in buying courses and I’ve told him that but he’s getting convinced on this because his friend bought a $300 course and uses some Forex program and ended up making that $1k a day. We are all 20 so $1k makes our mouths water, but my friend has absolutely no experience in any sort of trading. I know that most trading gurus make a lot, if not most, of their income from selling information so I don’t buy the idea that paying for a course will somehow have an impact on your trading abilities. I decided to join this Forex subreddit to see what any of your thoughts are. I’m pretty new to Forex as well so I’ll be sticking around just to learn.
tldr; my friend wants to buy a course to learn Forex but I don’t think it’s a good idea because all the info is free on the internet. Thoughts?
submitted by dinoslam to Forex [link] [comments]

Forex Day Trading in the UK (Taxable or Not?)

Hi there,
I could really use some help here. I day trade using IC Markets (I believe they are Australian), Raw Spread account. I withdraw money from IC Markets every other week, maybe GBP 1,000.00 (now I am getting the hand of it), however, overall, I am still very much down.
  1. Do HRMC see this going into my bank account, do they then, see the total loss I have with my deposits to IC Markets and my withdrawals or only look at the withdrawals I am doing?
  2. The big question, is this taxable, is day trading taxable in the UK, I know there are three areas you can fall into, however, how do I know what area I fall into. Additionally, when does it get to the point I need to file a tax report (if I do?).
  3. Is there a broker out there I should be using that means I do not have to pay tax, everyone mentions spread betting, but I just contacted IC Markets and they do not do spread betting. Can you please let me know all the information and your thoughts as I beyond confused on all of this and really could do with some advice.
I have done so much research on the topic and do not have an answer yet.
submitted by PranksterLad to UKPersonalFinance [link] [comments]

I’ve been learning forex for about 2 months, at the moment I’m practising trading pullbacks with Fibonacci and candle stick patterns, this set up shows a pullback to the 50% retracement level with lines up with previous resistance now acting as support.

I’ve been learning forex for about 2 months, at the moment I’m practising trading pullbacks with Fibonacci and candle stick patterns, this set up shows a pullback to the 50% retracement level with lines up with previous resistance now acting as support. submitted by IWISACTUALLYGOOD to Forex [link] [comments]

Which FOREX platform do you use for algo trading ?

Hello,
I'm looking for a broker and I'm wodering which one do you use for trading.

I was seriously disappointed by FXCM support's inefficiency.
submitted by Il_totore to algotrading [link] [comments]

FREE on Amazon right now - TRADING: 6 Books in 1: Day Trading, Forex, Futures, Options, Stock & Swing for Beginners 2020. Discover the Psychology of Investing & the Best Strategies to Increase your Income

submitted by TheBlindSquirrel17 to Daytrading [link] [comments]

Forex trading in the UK Taxable or not? Really need to know this once and for all.

Hi there,
I could really use some help here. I day trade using IC Markets (I believe they are Australian), Raw Spread account. I withdraw money from IC Markets every other week, maybe GBP 1,000.00 (now I am getting the hand of it), however, overall, I am still very much down.
  1. Do HRMC see this going into my bank account, do they then, see the total loss I have with my deposits to IC Markets and my withdrawals or only look at the withdrawals I am doing?
  2. The big question, is this taxable, is day trading taxable in the UK, I know there are three areas you can fall into, however, how do I know what area I fall into. Additionally, when does it get to the point I need to file a tax report (if I do?).
  3. Is there a broker out there I should be using that means I do not have to pay tax, everyone mentions spread betting, but I just contacted IC Markets and they do not do spread betting. Can you please let me know all the information and your thoughts as I beyond confused on all of this and really could do with some advice.
I have done so much research on the topic and do not have an answer yet.
submitted by PranksterLad to Forex [link] [comments]

Is Forex trading mostly Technical analysis?

I know that macroeconomical and political factors will also influence the price, but during the day it's mostly TA, isn't it?
submitted by macpad095 to Forex [link] [comments]

Forex Market

Fxbulls is an online Forex Market trading services, where people can participate in foreign currency Exchange, Buy, Sell and speculate on currencies. We are a trusted, global Forex broker and provide the most transparent Forex trading environment.
submitted by fxbulls to u/fxbulls [link] [comments]

Why do amateurs get into forex instead of equity trading/investing?


Correct me if I am wrong here but Forex is exactly a zero sum game. Every winner has a loser for that exact amount. When you lose 1/6 of the pie, the guy at the other end gains 1/6 of the pie.

With stocks/equities, it is almost the same concept BUT...over time the pie slowly grows.

So why do newbs and amateurs get into forex???
submitted by fccoup02 to investing [link] [comments]

Forex Trading for Beginners - YouTube How to Start Trading Forex in 2020 - YouTube The ULTIMATE Forex Trading Course for Beginners - YouTube 95% Winning Forex Trading Formula - Beat The Market Maker ... FOREX TRADING - The REAL Process of Trading - YouTube

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