I stick with cross pairs with highest ATR (average true ranges), mainly GBP, EUR and JPY but to each their own trading in Forex. (pip value on Mataf website).
If you trade cross pairs instead of major pairs with the only USD in them only, then stick with pairs with sessions open times (forex factory has them on the website).
Keep Forex Simple, especially if you are day trading or scalping, look for 20 pips to 50 pips per day or trade, with the compounding of profits and right risk management, you will be successful. Keep the lot sizes you use correct and always use a stop loss. If you have less of a lot size and larger stop loss then you can let your trades breath and win more, but will smaller on each trade (that is called turtle trading).
Overlapping sessions are the highest volume each day. Use breakout box trading. Understand that price action and time of day are very important for short term traders.
Good Luck and Good Trading.
*My 15-minute AUDUSD chart was done related to putting on chart four world Forex sessions: AUD, JPY, GBP/EUR and USD which is a cycler event each day.
If you trade cross pairs instead of major pairs with the only USD in them only, then stick with pairs with sessions open times (forex factory has them on the website).
Keep Forex Simple, especially if you are day trading or scalping, look for 20 pips to 50 pips per day or trade, with the compounding of profits and right risk management, you will be successful. Keep the lot sizes you use correct and always use a stop loss. If you have less of a lot size and larger stop loss then you can let your trades breath and win more, but will smaller on each trade (that is called turtle trading).
Overlapping sessions are the highest volume each day. Use breakout box trading. Understand that price action and time of day are very important for short term traders.
Good Luck and Good Trading.
*My 15-minute AUDUSD chart was done related to putting on chart four world Forex sessions: AUD, JPY, GBP/EUR and USD which is a cycler event each day.
Đã hủy lệnh:
Noted times on this chart are PST/USA (California), not EST/USA (New York) which are 3 hrs later. thanks.