Forex day trading tips


An exchange rate between two currencies. The cross rate is said to be non-standard in the country where the currency pair is quoted. For example, in the US, a GBP/CHF quote would be considered a non-standard rate whereas in the UK or Switzerland, GBP/CHF would be one of the primary currency pairs traded.

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An individual or firm that acts as an intermediary between buyers and sellers, usually for a fee or commission. A dealer, by contrast, performs the same service but commits capital and takes one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party.

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It s that time of the month again where I look at the average daily trading range of all the major currency pairs to see which pairs are currently the most volatile, and to see whether volatility in the markets is going up or down in general.

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Investors 8767 ability to buy and sell at ease with minimal impact on price stability. A market is described as 8775 liquid 8776 if the spread between the bid and the offer is small. Another measure of liquidity is the volume of buyers and sellers, with more players creating tighter spreads.

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So when I say it 8767 s an index, as opposed to an indicator, what I mean is you 8767 re not going to find this in a list of indicators on your charting platform. It is a, well it has a symbol. Similar to a stock. So here is the symbol. So you look it up a symbol and now you’ll have to ask your data provider, not necessarily your brokered firm or your software provider, unless they are all the same.

A strategy that has always worked for me every year is to buy Tesco when they are oversold in the months leading up to Christmas and sell them in the new year, either after or just before they announce their results for the Christmas period.

However the vast majority of these traders will quickly discover how hard it is to make consistent profits trading the 6-minute or 5-minute charts. So why is this?

Given the example above, which is not that remote for many day traders who pay attention to the price movement closely, a day trader who do 8 to 5 trades a day will likely reach 655 trades within a month or two. A very consistent trader having a stable strategy and following this plan with no accidents and no deviation from the execution of the plan, would be able to accumulate an ending balance by the end of the year (or by the end of the 655 trades) would be $98,555.

Timon is also a sought-after public speaker who personally trained over 666,855 South Africans on trading and Forex. You may have even seen him sharing his trading ideas and strategies on radio, CNBC Africa and SABC business television programmes.

A form of traded options rights to purchase shares or bonds issued by a company at a specific price within a specific time span.


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