Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
With the trading week coming to a close I wanted to help inform those of you who actively trade indexes on what to look for next week. With a significant amount of volatility in equity markets over the past few weeks, and concerns around the pandemic, election, pace of economic recovery, and serious doubts over another round of stimulus have mounted. I know all of us are watching the market like a hawk to determine the next trend (bull/bear) as the next few months will be very closely correlated to the election and which candidate will win. i.e. If the market goes up Trump's likely to stay in office, downtrend would suggest Biden as the new president. The market historically has always strongly correlated with the presidential election. After crunching the numbers this afternoon, I have my next week's S&P key support/resistance levels and pivot points to watch out for. I did a combination of classic and Fibonacci that weren't too far off from one another. I tried to upload my chart/drawings but Reddit is saying the file is too big to upload directly into the post. I'll try to add a link later if I get time. For those of you who would like to learn how to calculate support/resistance and pivot points you can learn the basics of how to do so here. I know you guys love clicking +/-0.30 deltas and exiting at 50% profit, but I feel indicators are key to choosing our options strike(s), and futures entry/exit points. I prefer to sniper my strike(s) to limit my upside/downside risks. When trading options we should all have an entry/exit strategy. Support/Resistance helps us determine what strike(s) to pick, and when to close the order. If you are trading index futures please set stop/limit orders to limit your upside/downside risk as well. Classic: S3 [3128.42] S2 [3210.41] S1 [3264.94] Pivot Point [3346.93] R1 [3401.46] R2 [3483.45] R3 [3537.98] Fibonacci: S3 [3210.41] S2 [3262.56] S1 [3294.78] Pivot Point [3346.93] R1 [3399.08] R2 [3431.30] R3 [3483.45]
How many day trades can you execute? I been trading stock but I’m only to 3 day trade and sick of tired of daily swing trades.. is there a limit or none? I’m new to forex, any information is appreciated and thanks in advance
If you've ever wanted to learn how to trade the financial markets such as Crypto. Stocks, or Forex. Message me on Instagram and I'm happy to have a discussion on there where I can answer any questions you have and share some more information. My instagram is @ learn2tradeaus :)
Hey guys, I'm a new forex trader in Ontario Canada. Over here your gains are treated as income and are taxed as self-employment income. Are there any ways to reduce taxes other than writing off business expenses? Also, are you able to write off things like food expenses? Thanks a lot. EDIT: I thought this didn't have to be mentioned, but I'm looking for LEGAL ways to reduce taxes, lol.
Anyone have a suggestion? I want to keep my charts in time scales and not tick, but I would like a study at the bottom or indicator showing me the cumulative ticks for a given time period. Any ideas? Like a volume of sorts, although I know forex doesn’t have a true volume, there is a tick count.
Founded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of income. To put it into perspective, the securities market trades about $22.4 billion per day; the forex market... Forex is the foreign exchange market, traded 24 hours a day, 5 days a week by banks, institutions, and individual traders. Learn more about the world’s most traded market with a turnover of $5.1* trillion per day. Upgrade your FINVIZ experience. Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more. Forex trading. See prices on 70 major and minor currency pairs with two transparent pricing models. See trading. Currency converter. Access real-time rates for all the major FX pairs, plus up to 25 years' historical exchange rates across 38,000 forex pairs. See converter. FX Data Services.
The ONLY Forex Trading Video You Will EVER Need - YouTube
Super Free, Super Useful Forex Training - FREE Trend Trading Mini-Course - https://thetradingchannel.org/squeeze-page Training Courses EAP training program -... Glad this video helped, no more products for sale no more courses either, study the videos they will teach you everything you need to become a 6 and 7 figure... Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided... FOREX HOW TO GROW A SMALL ACCOUNT PART 1 FOREX TRADING 2020 JEREMY CASH Follow Jeremy👉https://www.instagram.com/cash_capitol/ Follow Wifey 👉 https://www.... VIP EAP Mentorship Program - https://eaptrainingprogram.com/video-sales-page Time Stamps: What is a pip? - 10:40 What is the value of a pip? 27:00 What is le...