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DislikedHello and happy new year everyone. Newbie trying to learn so bear with me. I have questions, would like to hear your opinions. So first question: Books and trading websites say that currency pair charts go up/down because: 1.There is more buyers/sellers 2.One of the currency appreciate/depreciate. They also tell us that if currency pair doesn't move much in any direction (stays flat/range) it means that both currencies in that pair is equally strong/weak. So... Here is a thing Let's look for example at Gbp/Usd during the London session(only London...Ignored
Disliked[quote = WSoar; 11919496] {quote} A harmadik szórakoztató tény, az emberek, mint a mlaci65, azt hiszik, hogy a mutatók valamit megjósolhatnak. The second fun fact you can't make money on that since arbitrageurs closed the inefficiency already. I see no point checking cross-covariances because basically you get same information about the market state. END bla bla bla {image}Ignored
DislikedAre "minors" worth to trade? Everybody start from newbies to "educational" websites almost screaming that minor currency pair crosses(Gbp/Jpy, Eur/Nzd and so on) are very rewarding in terms of a pip movement...Look at that 100-200pips moves on Gbp/Nzd! But... Let's make a little research. Every "major" will reward you with a 1$ for a 1 pip move on 0.1 standart lot size. No "minor" has same reward. OK. Going further. Let's say you want to buy Gbp/Nzd, there is several ways in which it can go higher: 1.Gbp/Usd goes higher while Nzd/Usd stays flat....Ignored
Disliked{quote} I wouldn't pay attention to any of that nonsense. Pick a pair to trade that has a reasonable spread relative to its movements. For example, GBPNZD may have a 3 to 5 pip spread but it's also a beast and makes moves like no other (relative to its spread). The same with GBPCAD. You'll know which pair to trade after you have a strategy. Because you have no strategy, you also don't know which pair should be traded.Ignored
DislikedAre "minors" worth to trade? Everybody start from newbies to "educational" websites almost screaming that minor currency pair crosses(Gbp/Jpy, Eur/Nzd and so on) are very rewarding in terms of a pip movement...Look at that 100-200pips moves on Gbp/Nzd! But... Let's make a little research. Every "major" will reward you with a 1$ for a 1 pip move on 0.1 standart lot size. No "minor" has same reward. OK. Going further. Let's say you want to buy Gbp/Nzd, there is several ways in which it can go higher: 1.Gbp/Usd goes higher while Nzd/Usd stays flat....Ignored