Have you been day trading all these pairs? I was actually more interested in 30 minute charts as for anything longer I am not really in a position to commit. I have very limited time to trade because of work commitments.
It is so irritating to see statements like these. There's nothing wrong in a newbie trying his hand at scalping. A good knowledge and analysis of the markets is all it takes to be an effective scalper. I started off with 5 minute charts and have been doing quite all right for myself from the very beginning.
I generally keep my trades open a couple of hours only but once in a while in the past have tried to make some profits off the gap b/w opening/closing of London exchange. I have sometimes seen high volume with a breakaway gap and tried going long for a gap up but never achieved what I wanted. I just dropped the idea of gap trading after a while.
Is it indice you are speaking of? I am more of an indicators user really, I like to leave fundamental analysis more to the domain of stock traders
I mostly trade with GBPUSD, but due to economy not being consistent and unpredicatable would anyone suggest another currency pair that is most likely to be profitable?
EURGBP and GBPUSD are the ones I trade. And have seen different returns on different platforms at the same time. Like last week on 100 lots I gained with a movement of 69 pips of the pair. But because of difference in the spreads and the trade cost my profits were different. Just a tad bit more on fxview in comparison with lynx. I‘ve come to realize that lynx costing is more suited to share trading than forex.
Mostly USD related are the one that I like to trade. Personally found it enjoyable trading with USDJPY
USD is expected to drop by more than 20% in the coming time, and with the stuff happening inside US Capitol, I don’t see USD regaining its strength anytime soon