I have been a professional FX trader with a number of banks for 28 years, my last job was as Chief Forex Trader at Citibank. If you have any questions about Forex Im here to help. Hopefully I can give you some insight into how the bankers actually trade Forex.
Welcome. My firm, Lime Brokerage, is a US based BD and Introducing broker. We do not offer FOREX or SPOT FX, only FX futures on the CME because of regulations. I see you teach FX trading. Do you ever teach FX futures? Is there any reason not to trade futures?
Oh man, I wanna hear everything you’ve got lol What do you think would be a good strategy to use in order to follow along with the banks movements? Currently I use price action, correlation, news releases and volume to gauge when it’s go time. Always looking to improve though so I would love to hear your feedback Happy new year!
Morning skredneck - Direction comes from the fundamentals ie primarily the Central Banks and Interest Rates and on a micro level the economic data releases and entry levels into the trades is executed around the trendlines
Which is the trading time frame that you use? Why do you choose this time frame? Which time frame do bankers usually use?
The guy from no nonsense forex says that banks deliberately try to wipe out retail traders, for example, by using IG client sentiment. Is there any truth to this?