If there’s a way to do it unleveraged, Oanda got me beat cause I cant find anything other than forex pairs on the charts.
Yes. That is what comes from five year cycle planning, and long term “dollar cost averaging”. I know that an eight times increase is not much after 33 years, but that very long investment over the years that was supposed to constitute between 5% and 10% of our wealth has become over 20%. That’s less to do with the increase of gold and a lot more to do with the last decade of low value property that we chose to invest in 14 years ago. And then there is crypto
All good. If that’s true, it sucks Oanda doesn’t offer that. That would deter a lot of traders to use them as a broker. I started trading Forex when I made the account with Oanda but I wish I knew that then.
Yep, same here, XAUUSD, on a 100/1 leverage and use 5 indicators moving between 1 min to 4 hour time slots, just so i know which way to move.
I’m still walking in demo for about a year now and always crashing my account.
But for the last 2 month I’ve only demo traded XAUUSD. Started with 1k and now over 17.5 k.
Do you think i should go live now.
You can trade gold in the US with FOREX.com but without any leverage. OANDA is correct that you can’t trade spot gold in the US with leverage, but they don’t offer it for trading even without leverage.
I trade RENKO charts and find GBPJPY the best mover. Renko box size 4.
Why u think I trade one pair with five minute chart and ingore the world? Saying something without knowing the thrue its a big mistake… There is not possible to be succesful in one pair if ur are not:
-Institutional trader or market maker who has acces to level 3 or institutional clients flows
-Insider
-Or really good good trader!
of course thats why traders shifting from one instrument to another
If u want to be scalper and try to mix that with fundamentals this will not work untill u are not swing trader or position trader
Are you kidding me? I was talking hypothetically and agreeing with your comment!
Was using ‘you’ not in reference to you specifically
sorry mate didnt understand trading now
thats how traders make mistakes in life too) eyes are blurry the trader gets tired and starts to lose skill
Lol. Well that escalated quickly. Good on you though for quickly apologizing!
If Im wrong I always apologize
Yes. I agree. I’m Australian and I can’t stand that pair
I dont believe in specialising too much but will give you my opinion
If there was one market I would trade it would be bitcoin
Not only is it the best performing asset against everything else, the potential for upside is truly astounding
I wasn’t always a bitcoin believer but now I am. I believe bitcoin is going to shock massively
There are already institutions starting to slowly accumulate
It’s limited supply - unlike gold even
It can cross borders cheap and in an instant
It can be used for payment
On top of all this it’s traders dream - consolidations followed by amazing range expansion
Sure there are a few regulatory concerns, but even in the event bitcoin doesnt perform that great it is still the most tradeable market I’ve ever seen
Respect. Not many people can do that.
That’s it right there: “the potential for upside is truly astounding” Amen.
If I had to choose one pair to trade it wouldn’t be a pair, it would be the Dow. Or the S&P or the Nasdaq, I would preferably go for long-term long-side positions with pyramiding.
Most forex pairs are significantly driven by what is happening to the US indices, for better or for worse. I might use forex as a back-up to my Dow trades if their TA is clearer.
I think that gold has a bullish trend now. It is a good time to invest 20-30% in gold
Not just 2020, I can trade EURUSD, for my entire trading journey. I feel that being such a major pair, it has the potential to have an effect on all other forex pairs.