EURUSD is in a very strong downtrend, and has been for about the past month. I'm just putting that out there.
yes you are right it broke the 200 day ma yesterday. that is 5 min i am trading i am just scalping I really appreciate you dropping by do you have a journal?
Are you trolling us trader god? if you really only have 18 dollars in the trading account, you might want to just get yourself a sandwich and a soda Lol. Yes TA is lots of noise. Try just trading based on price action. Look for charts in a long term uptrend (1,5,10 years) and then buy the pullbacks. Thats it. Keep it simple
no i am serious trader i am not sure what troll means maybe i will see that in the dictionary i trade for fun, to LEARN ....since i am the worst trader in the world, i need other reasons to trade for than the money!!!!!
1 lot in forex trading means 100,000 units in the base currency. For example in this case, where he trades EURUSD, 1 lot equals 100,000 EUR. So 0.05 lots is only 5,000 EUR, a very small position (= 5 microlots). But thats the nice thing about forex and cfd trading, you are very flexible with your position size.