What was your reason to learn Forex?

GMoore · September 2, 2019, 12:54pm

I believe this is the way to go. Starting small and gradually improving.

GMoore · September 2, 2019, 12:55pm

And where do you do these trades? I mean what broker do you use?

Ray316 · September 2, 2019, 12:56pm

I found that trading whatever is in the news gives me the best odds, so right now i’m focusing on EUR/USD, USD/CNY and EUR/GBP

Ele_Wood1 · September 3, 2019, 10:20am

I am currently using OspreyFX as my broker.

GMoore · September 3, 2019, 12:40pm

Are you not trading JPY? I read a lot of traders are currently trading JPY pairs

GMoore · September 3, 2019, 12:41pm

Oh nice! I use their demo account. Learning from it first before I actually invest money. But thats a long long time.

Ray316 · September 3, 2019, 1:19pm

Not at the moment no as my system takes me mostly around news events and how I use information to my advantage within the system, if something BIG happens with JPY i will probably look into folding into my workday but for the time being I have to pick my battles.

Ele_Wood1 · September 4, 2019, 10:13am

Yeah Demo accounts are good to practice.

GMoore · September 4, 2019, 12:25pm

What system is it?

GMoore · September 4, 2019, 12:28pm

Yes they are good practice, but I feel demo’s are manipulated. Like they show you the best of results so that you finally start trading.

Ray316 · September 5, 2019, 5:34am

Well, if I tell you it wouldn’t be “my” system, would it???

Suffice to say it’s something that I’ve come up with while adjusting a few other systems that rely on the news as a source of predictions.

Ele_Wood1 · September 5, 2019, 10:31am

I have not used a Demo so cant really say about it. Are you using Osprey’s Demo?

GMoore · September 5, 2019, 1:16pm

Haha! no worries man! I was just intrigued.

GMoore · September 5, 2019, 1:25pm

Yes, I am using OspreyFX’s demo! Right now my profit is around $4100 xD

Ele_Wood1 · September 9, 2019, 11:25am

What pairs are you trading? This is significantly high for a new trader to be honest.

GMoore · September 9, 2019, 3:16pm

I am trading EURUSD. This is the only pair till now I have tried my hands on.
Well, I think its because of the trade orders that I am using.

Ele_Wood1 · September 10, 2019, 11:35am

Yes, orders work good in this regard. Keep using them.
Okay, so what do you think of EURUSD this week?

GMoore · September 10, 2019, 3:16pm

I would say volatility is expected to pick up as the European Central Bank is scheduled to meet this week.

Ele_Wood1 · September 11, 2019, 1:04pm

Good point,You are really getting better with studying and practicing. Keep up the good stuff.

GMoore · September 11, 2019, 3:28pm

Thanks Ele! Need them motivation
School of pipsology and demo account are really helping