Hello, I am trading from Western Australia. As such i am trading AUD/JPY.
[B]EVERY TIME[/B] i enter a trade on a trend (and the trend may be in for a fair while), suddenly within seconds of my entry the trend TOTALLY REVERSES!
I am new to trading (1 week) (3 months demo) The broker i trade with is FXS Forex with Halifax bank. They operate from Sydney but they appear to be an international company.
What is happening here??
Is : a) Am i just clarevoyant and subconscously destroying myself? b) Are the brokers trading against me? c) Is the currency pair i am trading too light in volume thus forcing the brokers to trade against me? d) Is my habit of trading when the working hours are closed forcing the brokers to trade against me? I would much appreciate some advice from experienced traders on this forum. I trade with low leverage, well capitalized and use 15pip (approx) stop losses always. (you never know when your computer may break down).
Thank you in advance, Regards, Tymen.