Which currency are you trading? - EUR/USD/AUD/JPY?

I will support you in your announcement, because the numbers are really unusual.

 

See now that’s each the trader’s preference. I however would steer clear of the Canadian Dollar and a few other crosses like GBPAUD, EURAUD, and GBPNZD.

 

I myself used Fview for currency trading and started with 6 pairs on MT4. There were a few hiccups initially but then I invested a good amount of my time on analyzing the markets. Using multiple brokers too now for further diversification. Some good ones being IG, IB and CMC Markets.

 

@Evrardmakon As of now I’m focusing on EURUSD. I’m just trading 4 hours and the daily charts. Even though there are only 5 daily candles and 30 4-hours candles per week, I’m happy to go this way and see how the setup comes.

 

What do you have to say about GBP/USD, USD/JPY, and USD/CHF? I suppose these pairs make good options for London session since they have the tightest spread and are extremely appealing if you ask me.

 

I’ve been trading GBP/USD because of the overlap between the London and New York markets.

 

I’ve been trading so far EUR/USD but your currency pair sounds lucrative. So what should be the ideal trading time for GBP/USD?

 

You can try out 0600-1600. You can potentially make profit and cover spreads and commission costs.

 

Don’t you think the best time to trade this pair is between 8 and 10 or 12 and 3 in the afternoon?

 

You’re right. The biggest moves of the day are witnessed during this time-frame which is directly linked to better profits. Also, the spreads and commissions will have the least impact as compared to the potential profits