How difficult to make 10 pips every day ... - Forex Factory

New Beginner info / FAQ section for futures

I feel like with all the cheating and drama going on with spot fx we should at the very least have a dedicated section on the right for guidance on futures contracts.
The shady Cypriot brokers and ones on other random islands are lying and selling a dream so let's take a look at the reality of spot fx...
Currency markets are the most liquid and active markets of any sector. However, there is also a great deal of misinformation, slick advertising, and even outright deception regarding this $2 Trillion Dollar a Day marketplace. For starters, a large percentage of that $2 Trillion is traded through what is referred to as the interbank market. The interbank market is the top-level foreign exchange market where banks exchange different currencies. This trading between banks is not accessible to retail traders and is estimated to account for the vast majority of the Trillion Dollar liquidity factor that attracts so many retail traders in the first place.
Here are a few of the reasons to trade futures:
-Level playing field for all participants
-Deep liquidity on major currency contracts
-Safety and security of central clearing
If your Forex brokerage firm uses a dealing desk, your buy and sell orders never actually reach the true Forex market. In other words, you do not have access to the inter-bank market. Instead you are buying and selling at prices set, and potentially manipulated by the dealing desk. This is known as conflict of interest.
The Chicago Mercantile Exchange guarantees each transaction. Futures contracts are legally binding! This means that if you go long a currency futures contract and your speculation was correct, you will walk away from the trade with your profit even if the person that took the other side of the trade fails to pay. This is what we call counterparty risk.
Take a moment, have a break and take a look at all the horror stories on forex factory, for instance.
Whether you are a large institution or an individual trader, everyone is on equal footing when it comes to pricing currency futures. EVERYBODY gets the same price regardless of who you are (individual or mega bank). Best price wins, it is as simple as that — something that is not always the case in the fragmented OTC FX market. The spreads are also very tight if you trade liquid future contracts.
Spot fx brokers also control their price feeds. They can widen the spreads as they see fit and they can really screw you over if they want to. Believe me when I say that most fx brokers don't want you to win! Even the ones that claim to have liquidity providers... Those are nothing but price feeds. Quotes. Nothing more....
And Forex firms offering a "fixed" 3-5 point spread may not be charging traders commission outright, or even in a form that shows up on an account statement, but there are significant costs built into the synthetic market that they provide to you.
No middle man, no market maker. Yes, Forex is an electronic market, but your order still ends up on a "dealing desk" where a human handles your order. Or an algorithm... Basically, a Market Maker. He could make you or break you. With E-mini Futures you have a level playing field. You trade on a centralised and CFTC regulated exchange. Whether you're Goldman Sachs or Joe from Idaho, you get equal treatment!
If you're worried about Liquidity - 1.5-3m contracts trade hands everyday on the S&P 500 E-mini Futures Contract. If you want in or out of a position, there is almost always someone waiting and willing to take the other side of your trade (24/5) just 1 tick away. This simply isn't true for all Forex Pairs.
Low Cost of Doing Business - Commissions on a self directed SP500 E-mini Trade (ES) should be no more than $3.00 per side or $6.00 per round turn. While many Forex Brokers tout "Zero Commission", we all know there's no free lunch. Forex Brokers don't need to charge a commission because they make money off of the bid/ask spread "they create" and then take the other side of your trade. Run the numbers... for every $100 in profits or loss, you will spend a larger % in "cost of doing business" in the Forex Market than you will in the S&P E-mini Market. Don't take my word for it... go take some real trades and you'll quickly see the truth.
Zero Interest - If you you trade the ES intraday, expect to put up $500 per contract as a "bond" for lack of a better term. That's it. No hidden cost. Forex however, has a "cost of carry" associated which means interest may be charged or paid on positions taken.
Fiduciary Responsibility - Even regulated US Forex firms are not required to segregate customer funds. If a regulated firm goes under, you do not have the protection of the CFTC and the NFA as you do in the Futures Markets.
Turn ON The Volume Please - In Forex, since there is no centralised exchange, it is impossible to get a true read on volume. Not so with the S&P 500 "ES" E-mini. Simply turn on the volume indicator and you have exact numbers for Volume Analysis. GS and CITI have huge research departments with hundreds of employees, but they know nothing about volume that you don't know via a free indicator on your direct access trading platform. Just one more example of the level playing field we constantly speak of.
Centralised Clearing - All trades are cleared via the CME - Chicago Mercantile Exchange. All trades, including time and sales, are public information and posted in real time.
Edit: By the way, if you're worried about discrepancies, currency futures charts look almost exactly the same as their spot fx siblings! So you can easily apply your current strategy to this market, too!
A great example would be "M6E" vs "EUUSD"
SO GUYS, LET'S ACCEPT REALITY AND LET'S DO SOMETHING ABOUT IT. DO YOU AGREE?
Source: cfrn.net
submitted by Fighterboy89 to Forex [link] [comments]

My first 19 days of trading!

First, I want to thank all the individuals that help me on this sub-reddit. I've come across many other trading groups but this has been the most memorable. I've been trading for about 2-3 months now but, it was strictly penny-stocks the USA Market. I learned a lot there but I seemed to fail every time. I didn't know anything about Forex until a mechanic introduced me to babypips. From there I began to learn the trade. For about 2-3 weeks straight I studied what the website could give me. But, I knew i couldn't learn everything from there. My father still tells me "Birds of common feather, flock together." so i went out to find a group of forex traders. About half way in I thought to myself, all the forex traders probably live in super foreign countries on high level platforms that i would never gain access to unless I was born in the "Circle". But then one day while i was looking at $SNAP memes and /wallstreetbets I thought to myself, "Why not look in Reddit?". And sure enough I found this group. I read though a bunch of the hot post and knew that this was the place. So I asked questions, learned things and tried to fit in. So in comes the trading. I've been using TD Ameritrade since I started so that's the platform I've been using. Since I graduated high-school last year and only had one job, I knew that I would have to start with the minimum amount. So I opened up a Demo account and put $2,000 in. I have to say the first few days were more of luck than skill. I went in with a penny-stock mind set. My first few trades were max 1,000 units. So when I did good I got pennies but when I did bad vice-versa(Not Vice-Versa but you know what I mean). Then I learned about margins and, ooh boy let me tell you. All my trades increased to standard lots(100,000u). And i was losing left and right. And then one would be super good. The good one was, a little bit of my knowledge and lot of a fundamental event happening and me not knowing about it. So I road it and got to about $200 Dollars of it. I forgot how much I put into it but, I was hooked. I was running around my room wondering why didn't i try this before! Then the next day came and I lost $500 dollars. I was about to call it quits when, I went thought the subreddit again and saw that the real thing that makes a trader the will power and stubbornness not to give up and to recover from failures. So I buckled up and said lets do this. Everyday I drove to work I'd listen to a Forex podcast. When I got home instead of playing World of Warcraft or spending money on steam for games, I'd sit and look at the charts and learn how to use indicators and how they work. Then I jumped back into the market and began trading. I was still using crazy units but every now and then I'd make a breakthrough. One day I'd make $200-$300 dollars and in the same day lose 90-100% of it. It wasn't until SanDiegoMAGApede (Prob tired of me linking them) commented on one of my post that I began to learn risk management. Then the game was on. My trades were becoming more efficient and my days became more green. I was scalping for the majority of it until I started to see trends in the market. It was about two days ago, I was trading for ten hours straight 7-4pm(Currently getting ready for college so the weekdays are all free to me for a little bit) that i made my first real break though. I saw a trend coming and acted on it. And to my surprise it worked! I got a nice 30-40 pips. Then I longed and got a 10-20 pip gain. Then shorted for a another 30-40 pip gain. (USD/CAD). I was shocked! The next day I tried to do it again and... well lets say I wasn't a happy trader.. Then today came. I've asked questions about Fundamentals here because, one time an event caught me off guard and I lost a lot. So today came and I said to myself "lets trade on this news." I jumped on Forex Factory, set about a dollars worth of Yen on notifications to my phone and waited. It was the longest 5 minutes in my life my heart was racing super fast and then it came.. and I was right!. I road the EUUSD train all the way to the top and sold. Then I shorted and rode about half way before I went to work and closed. I was almost at $2,900 in my account I was trading on my phone on the way to work (as a passenger) which wasn't a good idea because I lost about $100+. I'm a server in a sports bar so work looked like a weekend in the markets. I then decided to go into a party room and start to trade again. I was so close to reaching my goal ($3,000 BP). So for a few hours I traded EUUSD and I then a table came and I left for about 4-5 hours. Got my $17 from work bought a salad and jumped on EUUSD. I was at $2,958 I was eyes on the market. I saw a fighting box(IDK what to call it) and started scalping the living hell out of it. Eventually I made it to $3,001.15. I started to run around the restaurant and jump around. My manger was worried and told me I was scaring him so I calmed down, jump on the phone with my father and was we were both stoked. Here's the link to day one to today: http://imgur.com/j06ycgB . But that's all I want to say. Thanks again guys and thanks for reading!
Edit: Added some much needed commas and fixed a few words. I'm still at work.
submitted by KeeperOne to Forex [link] [comments]

good advice please, how to make money everyday trading forex

good advice please, how to make money everyday trading forex
Make Money Everyday A Guide to Short Term Trading @ Forex Factory forexfactory showthread php?t
Goal: Make Money Everyday How: Capture as many moves as possible each day Framework: Currency price action has natural support and i want only pip everyday @ Forex Factory Is it Possible to Make Money in Forex Więcej wyników z forexfactory 'The Holy Grail of Forex Trading Strategies' Daily Chart learntotradethe ket forex trading hol
New Year Special: Get % Off Life Time Membership To My Forex Trading Course Daily Trade Nial I don't have enough money to trade the daily charts… Forex Day Trading: How To Create Massive Wealth From internetseer services article xtp?id
They may have never heard about day forex trading which is where multi millionaires You can make money daily days all year from forex day trading Make money everyday trading the Forex ket Easy to Film dla zapytania how to make money everyday trading forex► : ► : bZR_ CJVQ TheForexPowerCourse Visit : theforexpowercourse for more information Please subscribe to our channel we will be Trading Off the Daily Chart Forex Strategies Revealed forex strategies revealed trading off daily ch
 Forex trading strategy # (Trading Off the Daily Chart) Trade targets are larger and a trader can make money from a few trades that will far 
Ways to Win More Often Trading Forex MoneyShow moneyshow articles asp?aid currency
 Currency traders who are struggling to find their way or suffering too many and because of this extra time that goes into making the daily chart 
Everyday Forex | Facebook s: facebook everydayfx
Daily Forex Systems Indicators and Strategies To connect with Everyday Forex sign up for Facebook today Make Money Trading Forex Every MINUTE! Everyday Forex Download this Free Winning Forex s: facebook everydayfx
% FREE Forex Indicator Make Money Trading Forex Every MINUTE! Download Now and Start Making up to to Pips Every Trading Day! everyday fx XE Currency Trading and Forex Tips XE xe currencytrading
These articles discuss currency trading as buying and selling currency on the Forex ket with the intent to make money often called "speculative forex trading" Forex is the world's largest ket with about trillion US dollars in daily Make Money Selling Money? Why Foreign Currency May Be dailyfinance foreign currency exchang
 Foreign currency trading which became possible for the average than the Nasdaq and NYSE combined with over $ trillion in trades daily 
good advice please, how to make money everyday trading forex
submitted by fatesheriff to fatesheriff [link] [comments]

95% Winning Forex Trading Formula - Beat The Market Maker📈 Strategy i use to make money EVERYDAY in the FOREX MARKET ... Best Way to Make Money in Forex Trading - YouTube Making $40,000 In A Day  Life Of A Forex Trader - YouTube HOW TO TRADE FOREX 2020  MAKE MONEY ONLINE $230 A DAY ... How to Make Money in Forex & How It Works - YouTube SECRET OF HOW TO MAKE MONEY IN FOREX EVERYDAY FOREX TRADER THAT MAKES MONEY EVERYDAY - YouTube FOREX TRADER THAT MAKES MONEY EVERY MINUTE Best Forex Strategy (Money Making Everyday) - YouTube

If you want to be able to make 100% a day you must in the very least be willing to lose 100% in a day, everything has got a risk/reward ratio, we all at some point thought of trying to make lots of money in little time, i've come up with strategies that make more than a 100% a day but in the next week or month it blows your account, after a while in the market and in the making of strategies ... Any tradingview, forex news, forex analysis, prices or other information contained on our forex factory website is provided as general market commentary and delivered electronically through distribution channel to larger number of clients. Most of our trading view work is for educational purposes only, with information based on our experience and knowledge. Trading forex, futures, options ... Forex Factory provides a plethora of tools and information which can help aspiring and professional traders alike make intelligent and informed trading decisions. Take a deep dive into how these Forex Factory trading tools work and how it can help us with our trading. After that you should realise, that the approach "10 pips a day" puts you under preassure, that won't let your winning streak last for very long (depending on the amount of money you have achieving those 10 pips might not be too much pressure since you can take more losers. With only $100 though and minilots it's not gonna work.) Just take it slowly and see what you get out of the trades you ... Make Money Everyday. How: Capture as many moves as possible each day. Framework: Currency price action has natural support and resistance levels at each whole number, as well as each quarter level between whole numbers, AND the halfway point between each quarter level as well. Some Things to Remember: The length of expected move is directly related to the length of time you are looking at ... That seems to be something you guys are looking at as well-make money everyday; I love that. If anyone here is keen to join a Whatsapp group that I have created with a few fellow FF members who share the same vision of making money everyday, feel free to shoot me a PM with your Whatsapp number/ask for invite link. Cheers. Post # 1,472; Quote; Feb 14, 2018 2:53pm Feb 14, 2018 2:53pm mongolian ... Knowing everything that is going on around you is a big part of the decisions that you will make when you are trading. The forex factory makes sure that you know everything that is going on at all times. Educational Resources. The forex market is a huge challenge that requires you to know a lot before going in. The forex factory is a place to get some of the educational resources that will ...

[index] [5877] [26754] [16654] [5678] [616] [27846] [2836] [20957] [12054] [9725]

95% Winning Forex Trading Formula - Beat The Market Maker📈

FOREX TRADER THAT MAKES MONEY EVERYDAY - Duration: 8:49. CLASSIC FOREX TRADER 3,431 views. 8:49. Volatility 75, Boom and Crash Best Trending Forex strategy (The Golden Axe Strategy ) ... How forex trading works and how to make money in forex for beginners. If you want to know how to make money trading forex and if you are looking for some for... Subscribe Like Share WhatsApp +27680536880 Forex Trade With Us http://bit.ly/2EYIbgI Email: [email protected] P.S MY INSTAGRAM IS GONE NOW SO IF SOMEBODY WRITES YOU ITS NOT ME ALSO IM NOT ON T... TO GET FX TRENDY AND CLAIM YOUR FREE FX EBOOK, http://www.22s.com/baycone How to make money trading forex the right wway. To make money trading forex is only what less than 10% of forex traders can achieve. There is no easy way to ... In this video, our robot took 45 Entries, 2 losses and 43 wins. Best Forex Robot Ever., Dollars Downloads all day, every day. 85+- Winrate, Automated Entries... Learn How To Trade: Join The Fx220 1 on 1 Mentoring Program and Course! For all information and Enrollment contact us on: Facebook: https://www.facebook.co... If you learn this one Forex pattern, you will be better off than 90% of all other traders your competing against. This simple strategy is the difference betw... Mauricio- https://www.instagram.com/mauricio.c4x/ Andre- https://www.instagram.com/andrefxoffi... Forex Backtesting Simulator- https://ForexSimulator.com Ind...

https://binary-optiontrade.aninray.ga