Try out [B]AUD/CAD[/B] and [B]AUD/JPY[/B]. I have gotten over [B][I]$2000[/I][/B] in just a couple hours!!!:):):)
LOL
And this means that they are great to trade? Well done
Put a stop loss of -100 and limit of 10! Works for me:13:
Not necessarily, but they are good to trade on a time of frame of 3 hours.And hey results donât lie.
Sounds about the typical decision a newbie makes :59:
Whatâs wrong with that? Please care to explain.
I know Iâm a ânewbieâ, but hey if I make money and donât lose money whats so bad about that?
So youâve done this before? More than 10 winning trades with a profit target of 10 pips? Thatâs what you at least need to be able to consistently do before hitting your -100 pips stop loss once.
There you go, Sweetpip just explained it for you.
You made a profit.But didnât mention what time frame you used and if you bought or sold AUD/CAD and AUD/JPY.
Iam in New York City. So around what time did you put your trade in?
Ok, letâs go for a constructive answer here.
First of all you cannot open a thread stating that a currency pair is âHOTâ as you happened to make some money on it. All be it demo money or real money. Iâm also assuming by your screen shot, that it is a demo account, as your trade is the only fluctuation from your original starting balance of $50k.
Today was a great day if you decided to buy any USD related primary currency pair, if you look you will see that the most popular pairs such as Cable and Fiber also had a great rally. This does not make them great to trade. What does make a currency pair âHOTâ as you put it, is if it works on your own unique trading strategy. Thatâs the key difference.
You can impulse buy/sell any currency on any day, it doesnât make it a great currency pair if you happen to win, or a really sh*t currency pair if you lose. Thatâs just down to you LOL
Well the time frame was 2 and a half hours and it was about 11:30 Pacific time.
Would it be correct to say youâre rather new at trading?