Stick with the major currency pairs when you're starting out in forex trading. These include EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, and NZD/USD. They're widely traded and easier to analyze. By focusing on these pairs, you'll get a good grasp of the forex market without overwhelming yourself. what do you think guys???? What are the major currency pairs that beginners should focus on when starting out in forex trading Asif_bank New Member May 18, 2023 For beginners in forex trading, it is often recommended to focus on major currency pairs due to their higher liquidity, tighter spreads, and availability of information. Here are the major currency pairs that beginners can consider: EUR/USD (Euro/US Dollar): This is the most widely traded currency pair and offers good liquidity. It represents the Eurozone's currency (Euro) against the United States currency (US Dollar). GBP/USD (British Pound/US Dollar): Known as Cable, this pair represents the British Pound against the US Dollar. It is also a popular choice for beginners due to its liquidity and availability of market analysis. USD/JPY (US Dollar/Japanese Yen): This pair represents the US Dollar against the Japanese Yen. It is influenced by economic factors and policies of both the United States and Japan. USD/CHF (US Dollar/Swiss Franc): This pair represents the US Dollar against the Swiss Franc. It is often influenced by safe-haven flows and global economic trends. USD/CAD (US Dollar/Canadian Dollar): This pair represents the US Dollar against the Canadian Dollar. It is influenced by factors such as oil prices and economic developments in both countries. These major currency pairs generally offer good trading opportunities, ample market analysis resources, and relatively lower volatility compared to exotic currency pairs. However, it's important to conduct thorough research, practice on a demo account, and gain experience before committing real money to trade any currency pair.

Stick with the major currency pairs when you're starting out in forex trading. These include EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, and NZD/USD. They're widely traded and easier to analyze. By focusing on these pairs, you'll get a good grasp of the forex market without overwhelming yourself. what do you think guys???? What are the major currency pairs that beginners should focus on when starting out in forex trading Asif_bank New Member May 18, 2023 For beginners in forex trading, it is often recommended to focus on major currency pairs due to their higher liquidity, tighter spreads, and availability of information. Here are the major currency pairs that beginners can consider: EUR/USD (Euro/US Dollar): This is the most widely traded currency pair and offers good liquidity. It represents the Eurozone's currency (Euro) against the United States currency (US Dollar). GBP/USD (British Pound/US Dollar): Known as Cable, this pair represents the British Pound against the US Dollar. It is also a popular choice for beginners due to its liquidity and availability of market analysis. USD/JPY (US Dollar/Japanese Yen): This pair represents the US Dollar against the Japanese Yen. It is influenced by economic factors and policies of both the United States and Japan. USD/CHF (US Dollar/Swiss Franc): This pair represents the US Dollar against the Swiss Franc. It is often influenced by safe-haven flows and global economic trends. USD/CAD (US Dollar/Canadian Dollar): This pair represents the US Dollar against the Canadian Dollar. It is influenced by factors such as oil prices and economic developments in both countries. These major currency pairs generally offer good trading opportunities, ample market analysis resources, and relatively lower volatility compared to exotic currency pairs. However, it's important to conduct thorough research, practice on a demo account, and gain experience before committing real money to trade any currency pair.

hi guys, did you study at any kind of online academy or courses to be a trader? or is it better just to find some good sources of information (like youtube channels or podcasts) and figure everything out by myself? I'm still a bit unsure whether I should study at a course or by myself

hi guys, did you study at any kind of online academy or courses to be a trader? or is it better just to find some good sources of information (like youtube channels or podcasts) and figure everything out by myself? I'm still a bit unsure whether I should study at a course or by myself

Avoid common pitfalls: - Overtrading: emotional decision-making - Lack of risk management: position sizing and stop-loss - Insufficient market analysis: technical and fundamental - Poor emotional control: fear, greed, and discipline Best practices: - Set clear goals - Use technical analysis - Manage risk

Avoid common pitfalls: - Overtrading: emotional decision-making - Lack of risk management: position sizing and stop-loss - Insufficient market analysis: technical and fundamental - Poor emotional control: fear, greed, and discipline Best practices: - Set clear goals - Use technical analysis - Manage risk

Master MetaTrader's interface: - Toolbars: navigation, charts, and trading - Menus: file, view, and tools - Chart windows: customization and analysis - Market watch: symbols and quotes - Navigator: accounts and indicators Shortcuts and customization: - Hotkeys for efficient trading - Personalize your workspace

Master MetaTrader's interface: - Toolbars: navigation, charts, and trading - Menus: file, view, and tools - Chart windows: customization and analysis - Market watch: symbols and quotes - Navigator: accounts and indicators Shortcuts and customization: - Hotkeys for efficient trading - Personalize your workspace

*Popular Python Libraries for Backtesting Trading Strategies:* 1. *Backtrader*: Highly flexible, allows backtesting with historical data. 2. *QuantConnect*: Supports multiple assets, robust strategy development and backtesting. *Other Notable Libraries:* 1. *Zipline*: A Pythonic algorithmic trading library. 2. *Catalyst*: High-performance backtesting and trading. 3. *PyAlgoTrade*: Easy-to-use backtesting and trading. 4. *TA-Lib* (Technical Analysis Library): Technical indicators and charting. *Key Features to Consider:* 1. Data handling (historical, real-time, multiple sources) 2. Strategy development (custom indicators, logic) 3. Performance metrics (returns, risk, drawdown) 4. Visualization (charts, reports) 5. Integration (brokers, APIs) *Tips for Effective Backtesting:* 1. Use high-quality historical data. 2. Define clear strategy objectives. 3. Optimize parameters carefully. 4. Evaluate performance metrics. 5. Refine and iterate on strategies.

*Popular Python Libraries for Backtesting Trading Strategies:* 1. *Backtrader*: Highly flexible, allows backtesting with historical data. 2. *QuantConnect*: Supports multiple assets, robust strategy development and backtesting. *Other Notable Libraries:* 1. *Zipline*: A Pythonic algorithmic trading library. 2. *Catalyst*: High-performance backtesting and trading. 3. *PyAlgoTrade*: Easy-to-use backtesting and trading. 4. *TA-Lib* (Technical Analysis Library): Technical indicators and charting. *Key Features to Consider:* 1. Data handling (historical, real-time, multiple sources) 2. Strategy development (custom indicators, logic) 3. Performance metrics (returns, risk, drawdown) 4. Visualization (charts, reports) 5. Integration (brokers, APIs) *Tips for Effective Backtesting:* 1. Use high-quality historical data. 2. Define clear strategy objectives. 3. Optimize parameters carefully. 4. Evaluate performance metrics. 5. Refine and iterate on strategies.

Skill Trade *Definition:* Skill trade refers to exchanging skills or services with others without using money. *Types:* 1. Bartering: Direct exchange of skills or goods. 2. Time banking: Trading time and skills. 3. Skill swapping: Exchanging skills for mutual benefit. *Benefits:* 1. Cost-effective 2. Builds community 3. Develops networking 4. Enhances skills 5. Encourages collaboration *Popular Skill Trade Platforms:* 1. Simbi 2. TimeBanks 3. Skillshare 4. Trade School 5. Local online communities *Skills in Demand:* 1. Programming 2. Graphic design 3. Writing 4. Marketing 5. Photography *How to Get Started:* 1. Identify your skills 2. Research platforms and communities 3. Create a profile 4. Connect with others 5. Negotiate skill trades *Best Practices:* 1. Clearly define skills and expectations 2. Set boundaries and agreements 3. Communicate effectively 4. Be respectful and professional 5. Follow platform rules *Resources:* 1. Skill trade blogs and forums 2. Online courses on skill trading 3. Local skill trade meetups 4. Skill trade books and ebooks 5. Social media groups

Skill Trade *Definition:* Skill trade refers to exchanging skills or services with others without using money. *Types:* 1. Bartering: Direct exchange of skills or goods. 2. Time banking: Trading time and skills. 3. Skill swapping: Exchanging skills for mutual benefit. *Benefits:* 1. Cost-effective 2. Builds community 3. Develops networking 4. Enhances skills 5. Encourages collaboration *Popular Skill Trade Platforms:* 1. Simbi 2. TimeBanks 3. Skillshare 4. Trade School 5. Local online communities *Skills in Demand:* 1. Programming 2. Graphic design 3. Writing 4. Marketing 5. Photography *How to Get Started:* 1. Identify your skills 2. Research platforms and communities 3. Create a profile 4. Connect with others 5. Negotiate skill trades *Best Practices:* 1. Clearly define skills and expectations 2. Set boundaries and agreements 3. Communicate effectively 4. Be respectful and professional 5. Follow platform rules *Resources:* 1. Skill trade blogs and forums 2. Online courses on skill trading 3. Local skill trade meetups 4. Skill trade books and ebooks 5. Social media groups

Base Trade Definition: A base trade is a core trading position held for an extended period, providing a foundation for other trades. Key Characteristics: 1. Long-term focus 2. Core position 3. Reduced risk 4. Stable equity Types: 1. Core equity trade 2. Long-term trend trade 3. Position trading Benefits: 1. Stability 2. Reduced emotional trading 3. Increased profitability 4. Simplified trading

Base Trade Definition: A base trade is a core trading position held for an extended period, providing a foundation for other trades. Key Characteristics: 1. Long-term focus 2. Core position 3. Reduced risk 4. Stable equity Types: 1. Core equity trade 2. Long-term trend trade 3. Position trading Benefits: 1. Stability 2. Reduced emotional trading 3. Increased profitability 4. Simplified trading

Scheme Trading Definition: Scheme trading involves using a predefined plan or setup to identify and execute trades. Types: 1. Trend-based schemes 2. Range-based schemes 3. Breakout schemes 4. Mean reversion schemes Key Components: 1. Entry/exit rules 2. Risk management 3. Position sizing 4. Trade management Benefits: 1. Disciplined trading 2. Improved accuracy 3. Reduced emotional trading 4. Increased profitability Popular Scheme Trading Strategies: 1. Turtle Trading 2. Supremacy Strategy 3. London Breakout 4. Fade the Move

Scheme Trading Definition: Scheme trading involves using a predefined plan or setup to identify and execute trades. Types: 1. Trend-based schemes 2. Range-based schemes 3. Breakout schemes 4. Mean reversion schemes Key Components: 1. Entry/exit rules 2. Risk management 3. Position sizing 4. Trade management Benefits: 1. Disciplined trading 2. Improved accuracy 3. Reduced emotional trading 4. Increased profitability Popular Scheme Trading Strategies: 1. Turtle Trading 2. Supremacy Strategy 3. London Breakout 4. Fade the Move

#1 Hello I just joined this today and I don't know much of anything and I'm willing to learn the skill set. I know people can do this for a living and I'd like to do that. I have a hard time to sit and watch videos I'm looking for a 1v1 or multiple people. Is there a discord community out there?

#1 Hello I just joined this today and I don't know much of anything and I'm willing to learn the skill set. I know people can do this for a living and I'd like to do that. I have a hard time to sit and watch videos I'm looking for a 1v1 or multiple people. Is there a discord community out there?

As space travel becomes more accessible and affordable, private companies like SpaceX, Blue Origin, and Virgin Galactic are leading the charge in space exploration and colonization. Emerging technologies like reusable rockets, 3D printing, and advanced life support systems are enabling sustainable human presence in space. With governments and private companies investing heavily in space technology, we can expect to see significant advancements in the coming decades. By exploring the current state of space exploration and colonization, we can examine the challenges, opportunities, and potential solutions for establishing a human presence in space, including the role of private companies, government agencies, and international cooperation. This includes discussing the latest developments, mission plans, and the potential for resource utilization, terraforming, and becoming a multi-planetary species.

As space travel becomes more accessible and affordable, private companies like SpaceX, Blue Origin, and Virgin Galactic are leading the charge in space exploration and colonization. Emerging technologies like reusable rockets, 3D printing, and advanced life support systems are enabling sustainable human presence in space. With governments and private companies investing heavily in space technology, we can expect to see significant advancements in the coming decades. By exploring the current state of space exploration and colonization, we can examine the challenges, opportunities, and potential solutions for establishing a human presence in space, including the role of private companies, government agencies, and international cooperation. This includes discussing the latest developments, mission plans, and the potential for resource utilization, terraforming, and becoming a multi-planetary species.

hello guys, looking for an any kind of trading strategy to make some money. i have used youtubers trading strategy's over a year in a demo account but still nada. please if you know a good strategy let me know thank you.

hello guys, looking for an any kind of trading strategy to make some money. i have used youtubers trading strategy's over a year in a demo account but still nada. please if you know a good strategy let me know thank you.

Hello! I'm planning to travel internationally soon and I was looking at BPI's Forex rates. It seems like they have increased to 1.85%. I'm not sure if it's still the best card to use. Here are the cards I currently have: BPI MC GOLD AMEX Cashback RCBC MC Platinum BDO Visa Platinum Which card do you think would be the best for me to use? I'm feeling a bit confused about forex rates. If anyone has tips on how to compute it, I'd really appreciate your help. Thanks a lot!

Hello! I'm planning to travel internationally soon and I was looking at BPI's Forex rates. It seems like they have increased to 1.85%. I'm not sure if it's still the best card to use. Here are the cards I currently have: BPI MC GOLD AMEX Cashback RCBC MC Platinum BDO Visa Platinum Which card do you think would be the best for me to use? I'm feeling a bit confused about forex rates. If anyone has tips on how to compute it, I'd really appreciate your help. Thanks a lot!

A trading plan guides your decisions. Learn to: - Set clear goals - Define risk tolerance - Develop strategies Implement and refine your plan: - Monitor performance - Adjust strategies - Stay disciplined

A trading plan guides your decisions. Learn to: - Set clear goals - Define risk tolerance - Develop strategies Implement and refine your plan: - Monitor performance - Adjust strategies - Stay disciplined

Trading losses are inevitable. Develop resilience: - Accept losses - Analyze performance - Refine strategies Maintain a positive mindset: - Focus on progress - Practice self-care - Stay adaptable

Trading losses are inevitable. Develop resilience: - Accept losses - Analyze performance - Refine strategies Maintain a positive mindset: - Focus on progress - Practice self-care - Stay adaptable

Any forex or crypto traders here? And if so, kindly recommend me some brokers for both, it doesn't have to be fully legal and regulated and what not as long as I can somewhat safely deposit and hopefully withdraw money. Spreads should be reasonable too. I've heard about IC markets but not too sure how viable is. Any of you guys using it? . Also, I've used Exness way back and I don't think I'll use it again. Need some good options, especially for crypto

Any forex or crypto traders here? And if so, kindly recommend me some brokers for both, it doesn't have to be fully legal and regulated and what not as long as I can somewhat safely deposit and hopefully withdraw money. Spreads should be reasonable too. I've heard about IC markets but not too sure how viable is. Any of you guys using it? . Also, I've used Exness way back and I don't think I'll use it again. Need some good options, especially for crypto

Overleveraging can wipe out your account. Understand: - Leverage and margin - Risk-reward ratios - Position sizing Strategies for risk management: - Set realistic goals - Monitor and adjust leverage - Diversify trades

Overleveraging can wipe out your account. Understand: - Leverage and margin - Risk-reward ratios - Position sizing Strategies for risk management: - Set realistic goals - Monitor and adjust leverage - Diversify trades

Reason 101 why trading forex is harmful for mental health

Reason 101 why trading forex is harmful for mental health

Upright Trading Overview Upright Trading is a trading methodology focused on identifying and capitalizing on market imbalances. *Key Principles* 1. Market imbalance identification 2. Order flow analysis 3. Liquidity provision 4. Price action analysis 5. Risk management *Upright Trading Strategies* 1. Imbalance-based trading 2. Order flow trading 3. Liquidity provision strategies 4. Price action-based trading 5. Market sentiment analysis *Indicators and Tools* 1. Order Flow indicators (e.g., OFI, Order Book) 2. Liquidity metrics (e.g., Bid-Ask Spread) 3. Price action indicators (e.g., Candlestick patterns) 4. Market sentiment tools (e.g., CoT reports) *Benefits* 1. Improved trading accuracy 2. Enhanced risk management 3. Increased profitability 4. Better market understanding 5. Reduced emotional trading *Resources* 1. Upright Trading website and community 2. Trading books (e.g., "Market Wizards") 3. Online courses and webinars 4. Trading forums and discussions 5. Upright Trading YouTube channel *Getting Started* 1. Learn market imbalance concepts 2. Understand order flow analysis 3. Familiarize yourself with liquidity metrics 4. Practice price action analysis

Upright Trading Overview Upright Trading is a trading methodology focused on identifying and capitalizing on market imbalances. *Key Principles* 1. Market imbalance identification 2. Order flow analysis 3. Liquidity provision 4. Price action analysis 5. Risk management *Upright Trading Strategies* 1. Imbalance-based trading 2. Order flow trading 3. Liquidity provision strategies 4. Price action-based trading 5. Market sentiment analysis *Indicators and Tools* 1. Order Flow indicators (e.g., OFI, Order Book) 2. Liquidity metrics (e.g., Bid-Ask Spread) 3. Price action indicators (e.g., Candlestick patterns) 4. Market sentiment tools (e.g., CoT reports) *Benefits* 1. Improved trading accuracy 2. Enhanced risk management 3. Increased profitability 4. Better market understanding 5. Reduced emotional trading *Resources* 1. Upright Trading website and community 2. Trading books (e.g., "Market Wizards") 3. Online courses and webinars 4. Trading forums and discussions 5. Upright Trading YouTube channel *Getting Started* 1. Learn market imbalance concepts 2. Understand order flow analysis 3. Familiarize yourself with liquidity metrics 4. Practice price action analysis

Revenge trading can destroy your account. Learn to: - Identify triggers - Manage emotions - Refocus on strategy - Implement stop-loss orders Replace revenge trading with: - Calm analysis - Patient decision-making - Adaptive risk management

Revenge trading can destroy your account. Learn to: - Identify triggers - Manage emotions - Refocus on strategy - Implement stop-loss orders Replace revenge trading with: - Calm analysis - Patient decision-making - Adaptive risk management

I see my former schoolmates driving expensive cars, and they credit their wealth to forex trading. I tried it but got discouraged by conflicting advice online, with some saying you must endure losses to succeed and others suggesting it takes up to five years to become a pro. If you've made it in forex, how did you do it? Did it take years or months, and what were your initial losses like? Your insights could help aspiring traders like me.

I see my former schoolmates driving expensive cars, and they credit their wealth to forex trading. I tried it but got discouraged by conflicting advice online, with some saying you must endure losses to succeed and others suggesting it takes up to five years to become a pro. If you've made it in forex, how did you do it? Did it take years or months, and what were your initial losses like? Your insights could help aspiring traders like me.