Hi, can someone kindly explain what is short-term, medium-term and long-term in the context of forex?
Thanks
Thanks
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DislikedHi, can someone kindly explain what is short-term, medium-term and long-term in the context of forex?
ThanksIgnored
A scalper's context might be
DislikedHey guys, thanks a lot, i know my question sounded kind of juvenile, but I HAD to know lol!
The reason I asked this is, I am long on GBP/USD and most forecasts and analysis points to medium-to-long term bullish trend... So, after taking a hit of 45 pips, I am kinda contemplating if I shold hold and if yes how long. Your answers have helped thanksIgnored
DislikedYes... I was in cable at 2.0189, continuing to do so ...
PS: This is the free $100 account from fxclub.com, the money (all $100 of it)is real, so is the pain (LOL), waiting for my life's first margin call on my very first real traing acountIgnored
DislikedWill cable recover before the end of the trading week? I am contemplating adding some funds (about $100) to avoid margin calls. I reckon that if stick on to position cablemust eventually recover by Monday. This is only an uneducated guess LOL. I have discovered forex only about a month ago and kind of having fun so far and now I guess its time to see the "pain" side of no-pain-no-gain mantraIgnored
DislikedToday in an email newsletter Felix Homogratus said "Buy on GBP/USD if the number will be -0.1% or more negative" And the said indicator is = -0.4% ! - Did I do right??? Am I seeing a trend reversal in the offing?Ignored
DislikedIt's OK to play with a broker's money, but if you really want to feel pain then do it with your own. It's a different level of pain, I can assure you.
*snipped*
Whatever you do, don't put real money on the line yet,
*snipped*
then trade those nano-lots I go on about (0.01). You can have a lot of losing trades, while you're learning, and still be in the game.Ignored
DislikedThanks Peter I guess thats what I will do , I am currently trading lots of 1000.Ignored
If you haven't already, start reading Jim's Price Action thread, and get to understand how price is king. It's a whole lotta reading but time is what you need.
If you're a masochist, read my thread, I've been where you are now, and I've made, and still make, all the newbies mistakes. But you may well be brighter than me, and get your shit together quicker.
Don't rush it. FX will be around for a long time.
DislikedWill cable recover before the end of the trading week? I am contemplating adding some funds (about $100) to avoid margin calls. I reckon that if stick on to position cablemust eventually recover by Monday. This is only an uneducated guess LOL. I have discovered forex only about a month ago and kind of having fun so far and now I guess its time to see the "pain" side of no-pain-no-gain mantraIgnored
DislikedFirst margin call, I just did not have enough equity to hold on to my long position.Ignored