I have been trading very actively this whole year (despite the pandemic) but taken a pause this week. After losing majorly across all my accounts, ig, oanda, fxview, fxtm, i’ve realized it’s wiser to refrain from trading when there’s too much action happening in the world.
With the drop in oil prices again over the second wave of Covid, and the tentative green policy by Biden, may lead to weakening of CAD over USD.
Planning on shifting my focus from oil to natural gas now. Made decent money trading commodity (oil) in the past but I believe it’s now time to change. Wondering if I should continue with forex com or try a new broker, someone with even more competitive pricing. How’s Fxview? Or Tradestation
if you need to go beyond this list, do try Razor account on pepperstone 14 major pairs. It has more than 60 pairs in total. Liquid timings could even lead to as low as 0.0 pips for EURUSD pair.
EUR/USD is the most popular out of these 3. Range trading works quite fine for this pair. When support or resistance breaks, that is the best time to enter the trade as per the strategy that I use. Timing is very critical as I have suffered severely by entering too early when I first started trading on iq options, reversals were too commonplace. Now i open the position only partially and this has been giving better results in terms of determining the entry and exit of a trade. Another tool I’m using for scanning market now is autochartist on Fxview, not very sure about it yet. getting mixed results