hilary
- 31 Dec 2003 13:00
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Forex rebates on every trade - win or lose!
hilary
- 06 Aug 2015 07:36
- 11044 of 11056
For a consolidated source which provides some sensible opinion too and pre-event strategy, order book info, etc, there's http://www.forexlive.com/ - and don't forget to say hello to Choccie while you're there. :o)
For getting the news fastest, I personally use Bloomberg TV (real TV, not interweb). I've got a screen mounted on my wall, but today it'll be tuned into the 4th test and I'll swivel my chair round so I can look at it. If you use Twitter and follow two or three city traders, you'll find that some of the news is tweeted virtually instantly. Otherwise, a couple of the event calendars expand and update by jQuery callbacks very quickly after the event.
In terms of the best time of day, it's important to realise that much of the money doesn't come into the market until London gets on board. So you can often see big swings in Asian trade, but sometimes they're on low volume.
Certain crosses will also become very rangebound at certain times of the day. Around 45% of the total Forex volume goes through EUR/USD, so it's generally in demand around the clock. But, if you take EUR/GBP for instance, there's generally no news out of either London or anywhere else in Europe between 9pm and 6am, so it's often possible to identify a tight channel and buy at support and sell at resistance between those times, scalping a few pips each way with a reasonable degree of confidence. And if you prefer something that trends well and which can move several hundred pips a day, it's hard to beat the GBP/AUD right now.
Haystack
- 06 Aug 2015 10:52
- 11045 of 11056
Thanks for that. I tend to like to know as much as possible about things.
Haystack
- 06 Aug 2015 10:55
- 11046 of 11056
What indicators do you use on charts?
hilary
- 06 Aug 2015 11:11
- 11047 of 11056
Schaff Trend Cycle which is a smoothed stochastic of a MACD. And a ruler and pencil.
Haystack
- 06 Aug 2015 11:33
- 11048 of 11056
Where do you get your charts from?
Sorry about the Spanish Inquisition!
hilary
- 06 Aug 2015 11:36
- 11049 of 11056
I use broker charts - MT4 and cTrader.
Gausie
- 06 Aug 2015 16:38
- 11050 of 11056
Am also now trading forex and commodities almost exclusively. So much more civilised than shares :-)
Haystack
- 06 Aug 2015 16:44
- 11051 of 11056
What platform are you using?
Gausie
- 06 Aug 2015 16:49
- 11052 of 11056
IG's cfd platform.
Mainly trading GBPZAR, AUDJPY and copper. But also trading other metals and chicago wheat two or three times a week.
Haystack
- 17 Feb 2016 20:07
- 11056 of 11056
Is the London Forex Show this Friday worth a visit?