The Basics of Forex Trading

/r/Forex Trading Community

Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
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Forex Trading Tips and News

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Forex trading daily: technical and fundamental trading

The all in one Forex trading portal for new and pro traders. Discuss your trades, strategies and let us know what you think of the market today.
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Online forex and trading platform ThinkMarkets launching in South Africa

Online forex and trading platform ThinkMarkets launching in South Africa submitted by SAtechnewsbot to SAtechnews [link] [comments]

What are the best books about forex (and trading in general) that you ever read ?

submitted by Kuollam to Forex [link] [comments]

Hands on or hands off

Hi all. I am in a very difficult psychologically situation. I have studied for 7 years to be a day trader. Stare at the charts all day, actively manage, bla bla bla. So here is my struggle.
Off the bat, my goal is to one day be a full time forex trader with no other source of income
Recently I started reading off levels. I go in for 10m per day (while on the crapper in the morning) set up 20-30 alerts on my phone, and then just enter blindly for 1.5 rr during the day. I get about 60% strike rate, more than enough to be popping champagne and living the life. I get about 3-4 setups per day. That is option 1.
Option 1 downside is eventually I get a short like gbpusd this Monday, where I got in for 4 pip stop and could have trailed it for 15RR!
Option 2 is active trading. Sitting at the desk, charting out, following news events, the works. Taking positions, trailing stops to lock profits, the stress that goes with it.
I should be happy with option 1 but it keeps feeling wrong. As if I am cheating. It cannot be this easy, can it? Furthermore, if I go full time to only trade 10 mins per say and make 2-3 R almost every day, what will I do the rest of the time? I am one of those guys raised with the "you have to work hard around the clock" mentality, and I know that does not apply to Forex and trading at all. Nevertheless, 10m per day just feels and sounds weird, and I can't shake the feeling I will get a slap in the face for it. But I backtested. I forward tested. I have been trading it in a micro account for 2 months and it checks out.
Reddit, what is your opinion. Option 1 laid back, or go back to the grinder and do option 2
Edit : correcting typo
View Poll
submitted by crypthon to Forex [link] [comments]

Any advice on this guy who casually stares at me in the gym ?

I [25M] have this guy [23M] at the gym that I think likes me but I see no signs that he is gay. Him and I constantly make eye contact in the gym. He asked me to spot him, even in the age of A PANDEMIC. He also asked me to share a machine with him. He tried to make conversation with him me and I kind of brushed him off because I was shy.
I found him randomly via my gym’s location page (if you tag the gym you would post). I followed him and he followed me back.
His Instagram is SPOTLESS. He doesn’t follow any gays. Mostly girls on his page. He is super into fitness. I don’t see any red flags. None at all. Even his friends’ friends are not gay. There are minimal to no connections to the gay community. I think he is a baby gay (potentially, he may be curious). He says that he has been single forever. He is always shirtless in his pics.
He followed me back. So far I have liked 3 of his photos ! One recent and one old. I am waiting to see if he is going to “match my energy” and like me photos as well.
A couple of things:
  1. I do NOT want to go the “what’s up bro” route because that won’t get me too and creates a “shameful” atmosphere for my advances.
  2. I am not explictly out, but I want to be forward in my advances in the best way possible.
What are some discreet, yet overt ways that I can slide in his DM to remove some of the guess work around his sexuality ?
I wanted to comment on his braces and his teeth. Potentially ask him about who is orthodontist.
He seems to be in FOREX and trading, so I think that could be a good entryway into things.
submitted by sshiypill to AskGayMen [link] [comments]

Thinking of tapping out

I'm new to Forex and trading in general. I have invested a total of around ~£7k and within a month I've made ~£5k profit. Is that Good??
I've got two open positions I'm hopefully going to close in profit this week. But last week was one of the most stressful weeks I've ever had, I had a few positions going badly and subsequently had to invest more money to increase my margin, money that I didn't really have aside for investing.
This has lead to me thinking it's not for me, once I close these positions this week, I'm thinking about withdrawing all of my funds and just taking my profits and running. On the other hand I do like making money 🤣
Is this a normal thought for newbies? Anyone else go through something similar? Any advice?
Thanks
submitted by PlanetTwin88 to Forex [link] [comments]

I think this guy at my gym likes me but I do not know how to go about this

I have this guy at the gym that I think likes me but I see no signs that he is gay. Him and I constantly make eye contact in the gym. He asked me to spot him, even in the age of A PANDEMIC. He also asked me to share a machine with him. He tried to make conversation with him me and I kind of brushed him off because I was shy.
I found him randomly via my gym’s location page (if you tag the gym you would post). I followed him and he followed me back.
His Instagram is SPOTLESS. He doesn’t follow any gays. Mostly girls on his page. He is super into fitness. I don’t see any red flags. None at all. Even his friends’ friends are not gay. There are minimal to no connections to the gay community. I think he is a baby gay (potentially, he may be curious). He says that he has been single forever. He is always shirtless in his pics.
He followed me back. So far I have liked 3 of his photos ! One recent and one old. I am waiting to see if he is going to “match my energy” and like me photos as well.
A couple of things:
  1. I do NOT want to go the “what’s up bro” route because that won’t get me too and creates a “shameful” atmosphere for my advances.
  2. I am not explictly out, but I want to be forward in my advances in the best way possible.
What are some discreet, yet overt ways that I can slide in his DM to remove some of the guess work around his sexuality ?
I wanted to comment on his braces and his teeth. Potentially ask him about who is orthodontist.
He seems to be in FOREX and trading, so I think that could be a good entryway into things.
submitted by sshiypill to askgaybros [link] [comments]

How do I approach this guy in the gym ? I think he secretly likes me but I don’t know if he’s bisexual ?

I have this guy at the gym that I think likes me but I see no signs that he is bisexual or gay. Him and I constantly make eye contact in the gym. He asked me to spot him, even in the age of A PANDEMIC. He also asked me to share a machine with him. He tried to make conversation with him me and I kind of brushed him off because I was shy.
I found him randomly via my gym’s location page (if you tag the gym you would post). I followed him and he followed me back.
His Instagram is SPOTLESS. He doesn’t follow any gays. Mostly girls on his page. He is super into fitness. I don’t see any red flags. None at all. Even his friends’ friends are not gay. There are minimal to no connections to the gay community. I think he is a baby gay (potentially, he may be curious). He says that he has been single forever. He is always shirtless in his pics.
He followed me back. So far I have liked 3 of his photos ! One recent and one old. I am waiting to see if he is going to “match my energy” and like me photos as well.
A couple of things:
  1. I do NOT want to go the “what’s up bro” route because that won’t get me too and creates a “shameful” atmosphere for my advances.
  2. I am not explictly out, but I want to be forward in my advances in the best way possible.
What are some discreet, yet overt ways that I can slide in his DM to remove some of the guess work around his sexuality ?
I wanted to comment on his braces and his teeth. Potentially ask him about who is orthodontist.
He seems to be in FOREX and trading, so I think that could be a good entryway into things.
submitted by sshiypill to bisexual [link] [comments]

How should I [25M] go about approaching this cute guy in the gym ? I really like him but I don’t know if he’s gay

I [25M] have this guy[28M] at the gym that I think likes me but I see no signs that he is gay. Him and I constantly make eye contact in the gym. He asked me to spot him, even in the age of A PANDEMIC. He also asked me to share a machine with him. He tried to make conversation with him me and I kind of brushed him off because I was shy.
I found him randomly via my gym’s location page (if you tag the gym you would post). I followed him and he followed me back.
His Instagram is SPOTLESS. He doesn’t follow any gays. Mostly girls on his page. He is super into fitness. I don’t see any red flags. None at all. Even his friends’ friends are not gay. There are minimal to no connections to the gay community. I think he is a baby gay (potentially, he may be curious). He says that he has been single forever. He is always shirtless in his pics.
He followed me back. So far I have liked 3 of his photos ! One recent and one old. I am waiting to see if he is going to “match my energy” and like me photos as well.
A couple of things:
  1. I do NOT want to go the “what’s up bro” route because that won’t get me too and creates a “shameful” atmosphere for my advances.
  2. I am not explictly out, but I want to be forward in my advances in the best way possible.
What are some discreet, yet overt ways that I can slide in his DM to remove some of the guess work around his sexuality ?
I wanted to comment on his braces and his teeth. Potentially ask him about who is orthodontist.
He seems to be in FOREX and trading, so I think that could be a good entryway into things.
submitted by sshiypill to dating_advice [link] [comments]

Wegobuy Exchange Rate

Hey guys I'm from Canada and what happens with Wegobuy is they accept USD so we have to change from CAD to USD and then to yuan. Paypal charges 3.7% on each currency exchange... I go from the normal 1 CAD to 5.03 yuan to getting 4.35 yuan.
Is it possible to change the money in paypal to HKD and then topup my balance in HKD? That way I would only get charged the 3.7% one time.
If that's not possible, what about bank transfer? Does anyone have any experience paying Wegobuy via bank transfer?
Appreciate the help guys. I know Wegobuy has to make money somewhere, but they are making money on the USD to yuan conversion (1 USD to 6.62 HKD instead of 1 USD to ~7 yuan) and I'm perfectly okay paying that fee. But what I'm trying to avoid is paypal is making the money from my cad to usd.
Edit: A potential solution is using a brokerage that supports forex and trading on the currency exchange market then transferring the money to paypal 👌
submitted by Epricola to DesignerReps [link] [comments]

My current Forex trading plan and results, what you traders think?

My current Forex trading plan and results, what you traders think?
Chart Indicators:
A. ATR(14)
B. Baseline Indicator: Ichimoku[baseline]
C. Volume Indicator: WAE_Ext
D. Confirmation Indicator #1: EMA(20)
E. Confirmation Indicator #2: WAE_Ext
F. Exit Indicator: Price action
--
Find, trade, and exit buy\sell position plan:
Check FXTT Scanner[MT4:M30] verify with 2nd Conformation Forex Scanner[TradingView] check MarketMilk status if buy\sell position found make buy\sell trade[MT4] monitor buy\sell position(s) for exit on Tradingview[Heikin Ashi Chart: M15].
my current trading results using the above trading plan

10/05/20
week before

09/24/20
submitted by moneymakinjes to Forex [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]

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]

If you've 35$ and what's the best investment vehicle according to you out of these - Trading, REITS, Mutual Funds, Investing in stocks or Forex

Which would you pick and why?
submitted by Novel-Scar-7262 to Entrepreneur [link] [comments]

MIT System Service

We are glad to present a whole line of new products that promise to take their rightful place among the information courses in the field of Forex and trading in general. please buy this program I really need money, I’m 14 (and I need money for a gift to my sister, she has her birthday tomorrow, please buy from my affiliate link
submitted by ban0228111 to u/ban0228111 [link] [comments]

MIT System Service

We are glad to present a whole line of new products that promise to take their rightful place among the information courses in the field of Forex and trading in general. please buy this program I really need money, I’m 14 (and I need money for a gift to my sister, she has her birthday tomorrow, please buy from my affiliate link
submitted by ban0228111 to u/ban0228111 [link] [comments]

MIT System Service

We are glad to present a whole line of new products that promise to take their rightful place among the information courses in the field of Forex and trading in general. please buy this program I really need money, I’m 14 (and I need money for a gift to my sister, she has her birthday tomorrow, please buy from my affiliate link
submitted by ban0228111 to u/ban0228111 [link] [comments]

MIT System Service

We are glad to present a whole line of new products that promise to take their rightful place among the information courses in the field of Forex and trading in general. please buy this program I really need money, I’m 14 (and I need money for a gift to my sister, she has her birthday tomorrow, please buy from my affiliate link
submitted by ban0228111 to u/ban0228111 [link] [comments]

MIT System Service

We are glad to present a whole line of new products that promise to take their rightful place among the information courses in the field of Forex and trading in general. please buy this program I really need money, I’m 14 (and I need money for a gift to my sister, she has her birthday tomorrow, please buy from my affiliate link
submitted by ban0228111 to u/ban0228111 [link] [comments]

MIT System Service

We are glad to present a whole line of new products that promise to take their rightful place among the information courses in the field of Forex and trading in general. please buy this program I really need money, I’m 14 (and I need money for a gift to my sister, she has her birthday tomorrow, please buy from my affiliate link
submitted by ban0228111 to u/ban0228111 [link] [comments]

MIT System Service

We are glad to present a whole line of new products that promise to take their rightful place among the information courses in the field of Forex and trading in general. please buy this program I really need money, I’m 14 (and I need money for a gift to my sister, she has her birthday tomorrow, please buy from my affiliate link
submitted by ban0228111 to u/ban0228111 [link] [comments]

MIT System Service

We are glad to present a whole line of new products that promise to take their rightful place among the information courses in the field of Forex and trading in general. please buy this program I really need money, I’m 14 (and I need money for a gift to my sister, she has her birthday tomorrow, please buy from my affiliate link
submitted by ban0228111 to u/ban0228111 [link] [comments]

MIT System Service

We are glad to present a whole line of new products that promise to take their rightful place among the information courses in the field of Forex and trading in general. please buy this program I really need money, I’m 14 (and I need money for a gift to my sister, she has her birthday tomorrow, please buy from my affiliate link
submitted by ban0228111 to u/ban0228111 [link] [comments]

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