★ Trading the EUR/USD Discussing the EUR/USD.
★ You can trade the EUR/USD at InterTrader http://www.financial-spread-betting.com/intertrader/intertrader.html
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Trading the EUR/USD Discussing the EUR/USD. David Paul, Financial Trader and Managing Director of VectorVest UK comments. If you found value in watching this video, PLEASE LIKE AND SHARE so we can do more! David Paul, Financial Trader and Managing Director of VectorVest UK comments. Is there a strategy that you would use to trade the EUR/USD? Are there any pitfalls that one should avoid when trading currencies?
Tell us a little about the Euro
Tell us a little about the USA Dollar
What is the EUR/USD [If you hear another trader saying "I'm buying the Euro", he/she is expecting that the value of the Euro will rise against the US Dollar and speculates by buying the EUR/USD exchange rate.]
If the EUR/USD exchange rate equals 1.12565 for instance what does that mean?
Noteworthy some Economic Events that impact the Currency Pair? [mention relevant fundamental announcements..etc]
Why is the EUR/USD such a popular pair amongst traders?
Tell us about the Characteristics and Particularities of the EUR/USD currency pair
Tell us a little about the EUR/USD currency pair [who trades it, how easy it is to predict..etc]
How volatile is this currency (how much does it typically moves in a trading session?, describe events from the past that led to major moves in this currency pair – mention that it is volatile and unpredictable…etc)
What’s the best way to trade this currency? And the best times to trade? [use a trend following strategy?]
Mention some trading tips for trading the EUR/USD
Any pitfalls to avoid?
Does the EUR/USD have any correlations with other currency pairs?
i will try at midnight opening price add 100 stop 30 limit 30( -buy-stop) then i do add 100 stop 10 limit 40(sell limit) then i add 200 stop 20 limit 50 ( sell limit) then i minus 100again stop 30 limit 30 (sell stop) then i minus 100 stop 10 limit 40 (buy limit) then minus 200 stop 20 limit 50(buy limit) on CFD forex mini capital minimum 200 pounds possible profit 100 pounds as profit increase 200 is one contract then 400 is two contracts and so on and 2000 pounds is 10 contracts profit 1000 pounds monthly must be done every night sunday monday tuesday wednesday thursday very low risk of losing.close computer and come next day at midnight.
Book recommendations from the video.
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning ...
Book by Mark Douglas
Reminiscences of a Stock Operator
Book by Edwin Lefèvre
Zen in the Markets: Confessions of a Samurai Trader
Edward Alan Toppel
Kudos for this man. A real professional and not the scammers windbags that post ads on youtube enticing people on "how to trade forex" using their strategy that supposedly help inidividuals to get rich in a matter of days..This guy is the real deal
In other words the Market is a lagging, not a leading indicatOR.
Hi mitchell, I have created a simulation chart based on random numbers, resultant chart look very similar to our real market charts, there will be trends small, major and all kind of, now seeing that trends also form in randomized charts and today most trading happen by algo hft machines, which are not following trends in most cases rather selling buy to capture the spread, so it confuses me whether the trend formation happen due to conviction of many tradors or some other reason behind it.
Excellent article Cory Mitchell, thank you for sharing it. It has been really helpful.
ES is probably one of the best markets. I really like it and it is one of the better ones to trade. But make no mistake, the person who fills your order to get into a trade does not want to lose either.
Money Management is a crucial element of trading the financial markets especially in times of volatility. It is a defensive concept that keeps you in funds so you can trade another day and underpins profitable performance. On a basic level it tells you if you have enough new money to trade additional positions.
Our trading, like our training, covers both short and long term financial trading on a wide range of instruments.
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Opportunities for Afghan money traders as Iran sanctions loom.
A driver in the western Afghan city of Herat, he crosses the border regularly, taking passengers in his transit van to Mashhad in Iran and carrying thousands of dollars to a country desperately starved of foreign exchange.
As the threat of renewed U.S. sanctions starts to bite, Tehran has become increasingly desperate for dollars and neighboring Afghanistan, with a loosely regulated, dollarized economy and a border with few controls, is an obvious source.
No official figures exist for a trade which is conducted largely out of sight of the authorities, but money changers in Herat say there has been a clear increase since Trump pulled out of the nuclear accord.
A shortage of dollars hurts importers and inconveniences Iranians who travel, study or do business abroad.
The lawless regions of Farah, a remote and sparsely populated province south of Herat whose main city was briefly overrun last month by Taliban attackers, are already one of the main smuggling routes and dollars are also crossing the border.