Hello Everyone in Our Lockdown World!

I’m sitting here in North Wales, in the sun, with a deserted road outside and only the sound of birds instead of the usual hum of traffic and distant aircraft. It’s not exactly the world I imagined as a background when finally taking the plunge into Forex. Still, I now have more time on my hands so why not dangle a foot into the market?

I’m no stranger to trading, just to Forex. For the past number of years I’ve stuck to commodities, mainly oil and gas, metals and food stuffs. It’s been an interesting ride in the past few weeks. Wow, just wow in oil. I honestly never thought I’d see such a total plug hole in the crude markets.

Now I’m up for currencies to sit alongside the other markets. My plan is to take time studying the pairs, before choosing those which promise enough movement week by week. Then it’s in with micro-position tests to check whether my methods work in these markets. Only when I’m happy with the results will I start to go in with percentage positions. That’s the plan, but only time will tell.

Anyway, hello everyone. I hope to become an active member of these forums. In the meantime, keep safe.

Hi and welcome… :slightly_smiling_face:

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Along with weekly ranges you will also want to make note of the spreads. For large ranges with reasonable spreads, look at the GBP pairs. I trade the GBP/JPY pair often for swing trades. Make sure to adjust your stop loss at the end of the day to account for 30 pips or higher spreads.

You may also want to look at the USD/DKK pair but only take day trades or scalp this pair since post session spreads could go as high as 300 pips. If I forget to cancel my stop loss order before the end of the day it almost always gets taken out. Very vexing!

Welcome to the world of fx. Hopefully it will provide enough excitement to compensate for your uncharacteristically quiet environment.

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Welcome @BuddJupp! Looking forward to hear your ideas and experiences. Stay safe!

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