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We do all things CFDs.
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Our OANDA Trade platform can be accessed from your desktop and browser. You can also take a position via MT4. World-class execution. No re-quotes^.
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What Is forex?
What is forex? Quite simply, it's the global market that allows the exchange of one currency for another.
If you've ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
You find "Japanese yen" and think to yourself, "WOW! My one dollar is worth 100 yen?! And I have ten dollars! I'm going to be rich. "
Online forex Trading: A Beginner's Guide.
What is forex Trading and how does it work?
At FXTM, we are committed to ensuring our clients are kept up-to-date on the latest products, state-of-the-art trading tools, platforms and accounts.
For those just getting started, we have created a comprehensive Beginner's Guide to introduce you to forex terminology, answer common FAQs and, most importantly, keep things s
7 MAJOR PAIRS.
7 MAJOR PAIRS.
6 MINOR PAIRS.
6 MINOR PAIRS.
6 EXOTIC PAIRS.
6 EXOTIC PAIRS.
Brackets.
MAJOR CURRENCY PAIRS.
MINOR CURRENCY PAIRS.
EXOTIC CURRENCY PAIRS.
Nicknames.
More about FXTM.
FXTM Promotions & Contest.
Media Corner.
Policies & Regulation.
FXTM Sponsorships.
FXTM brand is authorized and regulated in various jurisdictions.
ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475.
ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911.
Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.
Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the forex market.
Card transactions are processed via FT Global Services Ltd, Reg No. HE 335426 and registered address at Tassou Papadopoulou 6, Flat /office 22, Ag. Dometios, 2373, Nicosia, Cyprus. Address for cardholder correspondence: [email protected].
Regional restrictions : FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus. Find out more in the Regulations section of our FAQs.
Risk Warning: Trading forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Please read FXTM's full Risk Disclosure.
Online forex Trading at AvaTrade.
forex trading is the largest financial market in the world, recording a daily turnover of over $6 trillion. As a result, the forex trading market represents a unique and highly lucrative opportunity for traders worldwide. In addition, forex trading has proven to be a great source of income for successful investors, and unlike in the past, when this incredible market was available only to a select few, forex is now easily accessible to retail investors of any experience level through AvaTrade .
In addition, as a multi-award-winning broker, we ensure that you have all the tools, services and features to trade effectively, including a huge range of FX pairs to choose from, competitive spreads, high leverage, best in class customer service and support, over 12 years of experience, cryptocurrency pairs trading and free educational resources.
AvaTrade offers a direct pathway to the forex trading market through our powerful and intuitive trading platforms. At AvaTrade, you are not only getting a forex and CFD trading account when you sign up, but also gain a partner genuinely interested in your success as an investor or trader.
Why AvaTrade is the Right forex Broker for You?

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Global Regulation In an industry with multiple brokerage options, regulation serves as one of the major filters for identifying trustworthy and reliable companies. AvaTrade is a globally multi-regulated broker, with regulatory licenses across five continents. Among other things, dealing with a regulated broker will guarantee you transparent pricing, safety of funds, as well as fair resolution in the unlikely event of an issue arising. Competitive forex trading Spreads You are interested in trading forex to make money, and it is, therefore, only logical to monitor your trading costs to improve profitability. AvaTrade has partnered with multiple, huge liquidity providers which guarantees that you will be able to trade your favourite financial assets with competitive spreads at all times. Superior forex Trading Conditions With over 12 years of serving online financial asset traders, AvaTrade has successfully created the ultimate trading environment for its clients. From restriction-free scalping and short-selling to unlimited netting and hedging, there are endless possibilities when you are trading with AvaTrade. In addition, besides forex, we also offer a wide choice of asset classes, including stocks, indices, cryptocurrencies and commodities, enabling you to diversify your trading portfolio with ease. Multiple forex Trading Platforms AvaTrade offers multiple platform options that give you the convenience and flexibility you need to enhance your trading activities. From the iconic MT4 and MT5 platforms to WebTrader, AvaTradeGO and AvaOptions, every AvaTrade client can select the kind of trading experience they desire, when speculating on online financial assets. Numerous forex Trading Resources At AvaTrade, traders have unlimited access to a comprehensive library of informative educational materials as well as handy trading tools and resources, such as the Economic Calendar as well as integrated automated trading solutions, such as DupliTrade and Zulu Trade. Professional Customer Service At AvaTrade, the trader comes first, at all times. Customer service is available in different languages; and you can always stay in touch with AvaTrade via our social connections (Facebook, Twitter and YouTube) for market updates and various promotions.
It's time to try us. Enjoy competitive spreads & high leverage.
Trading forex with AvaTrade.
How to Open a Real forex Trading Account with AvaTrade?
Simply visit the AvaTrade homepage and click on the ' Register Now ' button located on the top right corner of the page. A popup window will emerge and will prompt you to fill out your registration details. This includes your first and last names as well as your email address. For an even quicker process, you can sign up using Facebook or Google account options. After signing up, you will receive your login credentials via email, and you will be required to verify your account. You can then deposit funds into your trading account and start trading.
Open a forex Trading Account with AvaTrade and enjoy the benefits of an internationally regulated broker!
How to Download MT4 for forex Trading.
You will require a trading platform to access and participate in the exciting forex trading world. Follow the steps below to download the iconic and popular MT4 trading platform:
Click on the AvaTrade MetaTrader 4 download link here Run the avafx.exe file Enter your real account login information Start trading your preferred assets.
How much do you need to start trading forex with Ava?
The minimum trading capital amount required at AvaTrade is $/€/£100. Australian traders can start trading with $100 AUD as well. AvaTrade allows payments via a selection of safe and convenient payment methods including wire transfer, debit/credit cards and various eWallets.
How are forex trading pairs divided?
Currency pairs represent the biggest and most popular financial asset group among online traders.
forex trading pairs are divided into three main groups as follows:
Majors These represent the most popular traded currencies in the world and boast massive liquidity as well as very low spreads. All major currency pairs feature the US dollar (USD), as either the base or counter currency. The USD is currently the world's most widely used currency, both in circulation and reserves. Majors include pairs such as the EURUSD, GBPUSD and USDJPY. Minors Minors are also known as Cross Pairs, and represent currencies of major economies, excluding the US dollar. Most minor pairs include the euro (EUR), Japanese yen (JPY) or the British pound (GBP) in their exchange rate calculation. Popularly traded minors include the GBPJPY, EURJPY and EURAUD. Exotics Exotic currency pairs are made up of one major currency paired with the currency of an emerging economy such as South Africa. Exotics are characteristically illiquid but very volatile, and they usually feature much higher spreads. Some of the popular traded exotics include the USDZAR, EURTRY and GBPSGD.
You can trade any type of forex trading pair you wish, but it is advisable for beginner traders to concentrate initially on major and minor pairs, while experienced traders can try out exotics.
Open a FX Trading Account with AvaTrade and enjoy the benefits of an internationally regulated broker!
How to Open a forex trading Position?
There are 3 main ways to open a trade position on the AvaTrade MT4 platform as follows:
Order Window . Double-click on the asset you wish to trade (on the Market Watch tab) and an Order Window will pop up. Fill out your trade parameters such as lot size, stop loss and take profit levels, as well as order type (Market or Pending execution). You will then buy or sell the asset. Chart Trading. Simply right-click on your preferred asset chart window and select 'Trading'. You can then set your preferred trading parameters. One-click Trading . Activate the one-click trading functionality by clicking on the 'Tools' tab in the main menu. The one-trade function is available under 'Options' in the 'Trade' section. You will then be able to quickly buy or sell your favourite assets with just a single click.
forex.
How to Use Leverage in forex trading?
Leverage involves borrowing a certain amount of money, and the main purpose for using leverage is so that a trader can command larger positions with less capital and increase the returns on investment. Despite the benefits, leverage is a double-edged sword. While the main reason to use leverage is to increase your capital base as well as widen your profit potential, if not used effectively, leverage can expose you to larger risks.
Consider the following to use leverage appropriately;
Always use stop-loss orders . Stop-loss orders automatically close your losing positions at a predetermined price point. This prevents loss of an excessive amount of capital when the markets are not moving in the direction that you speculated they would. Select a comfortable leverage level . Choose a leverage level that you are comfortable with. The rule of thumb is to use a lower leverage level in volatile markets and a relatively higher level in less volatile markets.
In forex trading, price movement is measured in pips. Currency exchange rates usually post tiny variations, and a pip is typically the last decimal place of a currency pair's price quote. A price quote will generally have four decimal places, but some brokers go up to five decimal places.
When trading a standard lot (100,000 units of currency), the value of one pip is fixed at $10 when the USD is the quote currency, as in the EURUSD. When the USD is the base currency (as in the USDCAD), the value of a pip is calculated by dividing $10 by the prevailing exchange rate. For instance, if the USDCAD rate is 1.2000, the value of a pip will be $8.3 ($10/1.2). When the Japanese yen (JPY) is involved, the rule is to multiply the result by 100.

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The same calculation applies in other currencies, with most brokers assigning a fixed pip value for most major currencies. When a standard lot is worth $10, a mini lot (10,000 units) is worth $1, and a micro lot (1,000 units) is worth $0.1.
How to Build a Strong forex trading Strategy.
The importance of a strong forex strategy cannot be disputed. Having a strong plan is a prerequisite for success in the trading world. Here is how to build a profitable strategy:
Timeframe Determine whether you will be a short term or longer-term trader, or a scalper or a trader who uses a swing strategy. This will indicate the timeframe chart you will trade with. If you are a scalper, your focus will be on shorter timeframe charts, such as 1-minute, 5-minute and even a 30-minute chart, while a long-term trader will look at longer timeframe charts such as a day or a week. Trade Methodology Decide whether you will be a technical or fundamental trader. Technical analysis consists of forecasting future price behaviour based on past price action, whereas fundamental analysis involves studying how economic, social and political factors impact a financial asset's value. Trading Rules Trading rules are basically the backbone of your strategy. You will have to detail the conditions under which you will make any trading decision in the market. This includes trading hours, trade entries, trade exits, stop loss and take profit levels, indicators to use, as well as how to deal with economic news releases. Risk Management Trading involves an element of risk. This means that success will be hinged on your ability to manage risks effectively. Your trading strategy should detail the amount you will be trading at any given time, your maximum drawdown, how you will manage open trades, your hedging plan, and even how to trade correlated assets in a non-risky manner. Part of risk management is also how you will make withdrawals, so that you balance between enjoying your profits and maintaining a healthy capital amount. Testing and Optimisation It is important to put your developed strategy through a test to ensure that it will be a profitable one. If it is a manual strategy, you can test it with AvaTrade as we offer free, unlimited demo accounts where no monetary risk is involved. AvaTrade also supports automatic backtesting if it is an automated strategy. You can then optimise the strategy to perform at the best possible level.
Open a FX Trading Account with AvaTrade and enjoy the benefits of an internationally regulated broker!
forex trading FAQs for Expert Traders.
What is Auto Trading? Auto trading is the use of computer software to perform trading functions with little human intervention. This can include software, such as copy trading , automated technical analysis or even trading robots. You can apply auto trading in forex by linking the software with your trading platform .
What is a forex EA? A forex EA (Expert Advisor ) is computer software that enters and exits trade positions in the market based on coded algorithms or set conditions.
What is Fundamental Analysis in fx trading? Fundamental analysis is the study of how various underlying economic, social and political factors affect the demand and supply of a particular financial asset, and consequently its prevailing price. What is Technical Analysis in forex trading? Technical analysis is the forecasting of future price behaviour based on historical price patterns or movements of a particular financial asset.
How can the Economic Calendar improve my trading? Economic news releases are a major catalyst of price movement in the forex trading market. The Economic Calendar can help you track the release of high impact economic and political events so that you can make appropriate trading decisions at a suitable time. AvaTrade traders have unlimited access to the Economic Calendar tool.
What is Scalping in forex? Scalping is a trading strategy that seeks to profit from small price changes in an underlying financial asset. What is Stop Loss in forex trading? A stop loss is an order to close your trade position at a predetermined maximum loss level. When a preset price point is achieved, your trade is automatically closed, and you can no longer incur further losses.
What is Take Profit? Take profit is an order to close your trade position at a predetermined maximum level. When that price is achieved, the trade will be closed automatically, and your profits will be booked. What is short-term and long-term trading? Short-term trading refers to trading strategies in which the time duration between entering and exiting a trade is within a range of few days to a few weeks. Another form of short-term trading is day trading in which all trade positions entered during a trading day are exited the same day. With long term trading, the time duration between entering and exiting a trade is much longer than short term trading and can range from a few weeks right up to a few years. How do I withdraw my profits from AvaTrade? Once you are ready, you can withdraw your profits from your trading account. It is important to note that due to anti-money laundering regulations, withdrawals can only be sent via the payment method you used to fund your account. You will be required to withdraw up to 200% of your deposit amount to your credit/debit card, and only then you may withdraw by another method in your own name. For example, if you deposited £1,000 into your AvaTrade account using a credit card and you made a profit of £1,200, you will be required to withdraw the first £2,000 to the same credit card. Then the remaining funds can be withdrawn via a different method, such as wire transfer.
Open a FX Trading Account with AvaTrade and enjoy the benefits of an internationally regulated broker!
Trade with the Global forex Trading Specialist.
Why forex.com?
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How to Calculate Pips in forex trading?
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Our global research team identifies the information that drives markets so you can forecast potential price movement and seize forex trading opportunities.
Trade on one of the world's most popular trading platforms with access to dedicated support and integrated trading tools exclusive to forex.com.
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Morrisons Soars 11%, More To Come? March 18, 2020 2:27 PM 4 Stocks Poised to Benefit with "Helicopter Money" Incoming March 18, 2020 12:32 PM The tide of the virus, the ebb of money March 18, 2020 11:04 AM Read Latest Research.
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Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Contracts for Difference (CFDs) are not available to US residents.
forex.com is a trading name of GAIN Global Markets Inc. which is authorized and regulated by the Cayman Islands Monetary Authority under the Securities Investment Business Law of the Cayman Islands (as revised) with License number 25033.
forex.com may, from time to time, offer payment processing services with respect to card deposits through its affiliate, GAIN Capital UK Ltd, Park House, 16 Finsbury Circus, London, EC2M 7EB, United Kingdom.
GAIN Global Markets Inc. is part of the GAIN Capital Holdings, Inc. group of companies, which has its principal place of business at 135 US Hwy 202/206, Bedminster, NJ 07921, USA.

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forex trading.
about 5 hours ago by Big Pippin.
Whether you like trading the majors or if you're more into currency crosses, I've got you covered with a Fib play on USD/CHF and a range resistance setup on EUR/GBP. Get 'em while they're hot!
Daily London Session Watchlist: USD/CHF.
about 8 hours ago by Pip Diddy.
With not a lot of top-tier data on tap, I've got my sights set on USD/CHF's short-term uptrend. Here's the setup I'm looking at!
about 12 hours ago.
Trade Idea: Long USD/ZAR During This Market Turmoil.
Bitcoin and Altcoins Price Analysis: Can Buyers Return Here?
about 13 hours ago.
Trade Idea: USD/CHF Uptrend Play.
about 19 hours ago.
Daily U.S. Session Watchlist: EUR/USD.
about 24 hours ago.
Chart Art: Trend and Range Plays on EUR/USD and GBP/USD.
Daily London Session Watchlist: GBP/JPY.
System Update: SMA Crossover Pullback (Mar. 10 - 17)
Trade Idea: NZD/JPY Channel Lower.
Are You Mixing Up Your Time Frame Analyses?
How the Fed's Emergency Rate Cut Affects Your Credit Card Bill, Car Loan, Student Loan, and Mortgage.
Daily U.S. Session Watchlist: AUD/JPY.
The Week Ahead in FX (Mar. 16 - 20)
Featured Contributors.
forex Trading School.
New to trading forex?
Learn to trade through our online course.
Ask questions, share trade ideas, discuss markets, and more!
Economic Calendar.
Stay on top of market-moving events and data releases with our news calendar.
Our Trading Community.
Partner Center Find a Broker.
Recent Forum Activity.
Discuss your market views with other traders.

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Open a FX Trading Account with AvaTrade and enjoy the benefits of an internationally regulated broker!
Trading Insights & Analysis.
Chart Art: Potential Resistance Levels for USD/CHF and EUR/GBP.
about 5 hours ago by Big Pippin.
Whether you like trading the majors or if you're more into currency crosses, I've got you covered with a Fib play on USD/CHF and a range resistance setup on EUR/GBP. Get 'em while they're hot!
about 12 hours ago by Pippo.
Pippo thinks more traders will favor the U.S. dollar over the South African rand during this time of global crisis. With USD/ZAR in a strong uptrend, he's going to go long.
Bitcoin and Altcoins Price Analysis: Can Buyers Return Here?
Trade Idea: Long USD/ZAR During This Market Turmoil.
about 13 hours ago by Big Pippin.
Altcoins seem to be pausing from their tumble these days as longer-term support areas are holding. Will we see a big crypto bounce next?
Trade Idea: USD/CHF Uptrend Play.
about 19 hours ago by Pipcrawler.
Checking out USD/CHF ahead of the latest monetary policy statement from the Swiss National Bank, & on the recent broad strength in USD.
Chart Art: Trend and Range Plays on EUR/USD and GBP/USD.
Ready to get your pippin' on? Today we're looking at not one, but TWO major dollar setups for opportunities! Which one will you most likely trade?
System Update: SMA Crossover Pullback (Mar. 10 - 17)
I'm seeing a few new positions on this mech system while trends pick up and volatility kicks into high gear. Here's what's up!
Trade Idea: NZD/JPY Channel Lower.
Keeping it simple this week with a technical play on NZD/JPY to play the rising coronavirus fears and global risk-off market behavior.
Are You Mixing Up Your Time Frame Analyses?
Like any high-performance endeavor, how traders process information is important in acquiring expertise. Are you mixing up information that you think are relevant to your trades?
HLHB Trend-Catcher System Update (March 9 - 13)
Another good week for this trend-catcher, which saw a net gain of +317 pips from closing two trades. I've got the deets right here!
4 Rules to Break to Kill a Good Trade.
Having a good trade idea and sticking to a plan are just part of the trading battle. Here are common rules that traders forget so that they end up killing their good trades.
Chart Art: Trend and Breakout Opportunities on USD/JPY and NZD/CAD.
Mech System Update: Inside Bar Momentum Strategy 2.0 (Mar. 6 - 13)
This mech system caught more wins than losses for the week, racking up pretty huge wins on some positions as well. Take a look!
Ready to trade the last trading day of the week? Check out USD/JPY's trend retracement and a potential break-and-retest on NZD/CAD's chart to see if you can make even more pips today!
EUR/JPY hit my short orders at the Fibs before dropping ahead of the ECB meeting. Decided to adjust my trade after the event, which was quickly closed at my new stop on today's high volatility.
Chart Art: Dollar Party with EUR/USD and USD/CHF's Setups.
What's better than a dollar setup? How about TWO dollar-related charts? Check out what's cooking on EUR/USD and USD/CHF's charts!
Trade Closed: EUR/JPY Resistance at Fibs?
Short-Term Bollinger Reversion Strategy 2.0 (Mar. 5 - 12)
We've got big moves off the Loonie pairs in the past week, but did this strategy catch any big wins? Here's the latest update!
We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey.
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forex trading for beginners.
Learning to trade forex can be a tough topic for beginners, but this article will help you get started trading forex. This trading guide covers real-life forex examples, basic forex principles, beginner strategies, tips for success and a step-by-step guide to getting started.
What is forex trading?
forex trading is the process of speculating on currency price movements, with the aim of making a profit. Many currency conversions on the forex market are for practical use, and not for creating profit. However, traders can speculate on forex market price movements, with the aim of capitalising on correctly forecasting these movements.

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forex trading examples.
When placing trades on the forex market, you are trading the strength of one currency against another. For example, if you go long and ‘buy’ USD/GBP, you are speculating that the US dollar price will increase, relative to the price of the pound. Alternatively, if you go short and ‘sell’ EUR/AUD, you are speculating that the euro will weaken in comparison to the Australian dollar.В.
Example trades are a useful way to learn the process of forex trading. Our forex trading examples show the opening and closing of a trade position, and how to calculate the accompanied profit associated with the trade.
forex basics.
As a forex trading beginner, it’s important to understand the basics of the forex market. These fundamentals will help your understanding of the key aspects of the foreign exchange market and ultimately help you to make informed decisions.
The foreign exchange market.
forex, foreign exchange, or simply FX, is the marketplace where companies, banks, individuals and governments exchange currencies. It’s the most actively traded market in the world, with over $5 trillion traded on average per day. When trading currencies on the foreign exchange market, currency pairs are often split into major, minor and exotic (or emerging) currency pairs.
The US dollar is considered the most popular currency in the world, and constitutes around 60% of all central bank foreign exchange reserves. So it’s no surprise the US dollar is evident in many of the ‘majors’ (major currency pairs), which make up 75% of all forex market trades. As a beginner, it may be wise to trade the majors, as they’re known to be the most liquid and least volatile of the currency pairs.
Discover which forex pairs we offer, learn more about currency pairs, or dig deeper into how forex work with our what are forex currency pairs article.В.
forex leverage.
When you trade forex with a spread betting or CFD trading account, you trade with leverage. This means you only need to put up a portion of the full trade value to open a position, known as trading on margin. However, your exposure in the market will be based on the position's full trade value. It’s important to understand that both profits and losses are magnified when trading on leverage. Find out more about leverage when trading forex here.
forex holding costs.
When trading forex with us, a holding cost is applied which is either credited or debited to your account depending on the direction you’re trading, and the applicable holding rate. Holding costs are evident when you hold a position open past the end of each trading day (5pm EST). Generally, when you hold a buy position, a holding cost is credited to your account. If you hold a sell position, the holding cost is debited from your account. To find out how these holding costs are calculated, see forex holding costs explained.
Beginner forex trading strategies.
forex trading strategies are usually differentiated by timeframe and market-specific variables. Strategies include trading market movements in minutes, or over several days. As a beginner you can test different forex strategies with a demo account and measure their relative success rate and suitability. You may also wish to try out and choose your preferred technical indicators for entry and exit points, and blend different aspects from several strategies. Some of the most common forex strategies include:
forex scalping is where traders hold multiple short-term trades and build profit based on small but frequent winning trades. This strategy may be  best suited to traders who can commit a large proportion of their time to trading, and are more focused on technical analysis. forex day trading is for traders who enter and exit at least one trade per day by predicting daily market movements, and are look to avoid overnight holding costs. This trading method may be best for traders who aren’t very comfortable with the extremely fast-paced trading methods in scalping, but still prefer shorter-term trading methods. Swing trading forex may be best suited to traders who prefer a balance between fundamental and technical analysis. Positions are open for several days, with the aim to buy at ‘swing lows’ and sell at ‘swing highs’, or vice versa if going short. Less time is spent analysing market trends in this method over some others, and there will be overnight holding costs and more chance of the market ‘gapping’. Position trading involves holding positions over long-term periods and ignoring short-term price fluctuations. Position trading may be best suited to traders who spend more time understanding market fundamentals, and less time undertaking technical analysis or executing trades.
To find out more about the types of strategies you can adopt when trading forex as a beginner, visit ourВ forex trading strategies guide.
5 forex trading tips for beginners.
Understand the markets for both currencies : have an understanding of both currencies you are trading as part of the currency pair. Be aware of the main macro-environmental forces that could affect the markets you’re exposed to.
Stick to your trading plan : following a trading plan will help you to take emotion out of your trades, and predetermine your entry and exit strategies. This structured way to trade markets can help to keep trades consistent and emotions at bay. Create a plan by using our trading strategy template here.
Test, evaluate and try again : trading is about evaluation after each trade, in order to analyse what worked and what didn’t. When trading as a beginner, you will need time to develop a good trading mentality and understand that your trading psychology is a work in progress. You can test your trading strategies on our demo account.
Follow the classic mantra : ‘cut your losses and let your profits run’, as part of your trading psychology. Don’t be tempted to take profit as soon as it appears, or be afraid of making a loss. Follow your trading strategy, and implement risk-management conditions to remove emotion from your trading.

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Choose the best trading partner for you : a reliable trading platform, customer service and consistent spreads are some of the important factors which help to determine your overall trading experience. Learn why traders choose CMC Markets.
If you’re looking for a larger selection of forex trading tips, visit our 11 forex trading tips article.
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forex Market.
Ideas.
The price is close to the strong Key Level 0.59247. I will look for an accurate Buy entry because it was long term falling without correction movements. But if the Daily candle will close below we should keep outside this trade. If you like my design, then put your likes on and I'll try harder)) I think we like samurais should train hard and keep patience to be.
The price fall to the Historical 12-Years Low with big candles. It's a huge chance that it will bounce and show us a correction movement! Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
a potential unified gartley is setting up. detailed statistics for this pattern variation is on this screenshot: prnt.sc.
The price rise to a 4-Years High with huge candles. It means that it can bounce off powerfully. If I'll see an accurate Sell entry I will post a new idea or an update. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks.
EURUSD has reached our target of support level 1.1. I expect the decline to continue, but before that, the price will return to the resistance line.
USDJPY I broke through the support level of 106.8 and reached a strong resistance line. Downtrend + price on a strong resistance line. I expect a fall to the level of 104.6.
The price has made such a strong movement that I can only analyze on the D1 timeframe. GBPUSD has reached a strong support zone and I expect growth. BUT! enter strictly after breaking the nearest strong resistance line. The goal is the second line of resistance.
The GBPSEK global trend is bullish but the local trend is bearish. How do you think? Can the price bounce off the bottom borders of these channels? Thanks for sharing your thoughts under my ideas! I appreciate it! Before to trade my ideas make your own analysis. Thanks for your support!
the third test of a 2016's low on GBPUSD. it is a crucial moment for the pair and the future direction of the pound closely depends on its reaction. I admit both scenarios and will be patiently watching market behavior within the underlined area. taking into consideration current events, everything can happen so be.
USDCHF broke through the resistance level of 0.955 and the price reached a strong resistance line. I predict a fall to the level of 0.94.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
For a more detailed definition of forex, visit our what is forex trading guide.
check out my previous analysis on USDJPY (link attached below!) which gave us +280 pips profit. enjoy ;) Plan : wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided.
Plan : resistance level breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
in this video, u will get an analysis of this instrument with the best places where we can open entry. Write in comments all the questions which you have according to this idea. I will open a position personally when the price will meet all criteria.
We are trading at 1.2000 level again after a huge drop during BREXIT event, this level are worth to watch as both scenario are very likely.

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About.
Currencies are traded on the Foreign Exchange market, also known as forex. This is a decentralized market that spans the globe and is considered the largest by trading volume and the most liquid worldwide. Exchange rates fluctuate continuously due to the ever changing market forces of supply and demand. forex traders buy a currency pair if they think the exchange rate will rise and sell it if they think the opposite will happen. The forex market remains open around the world for 24 hours a day with the exception of weekends.
Before the Internet revolution only large players such as international banks, hedge funds and extremely wealthy individuals could participate. Now retail traders can buy, sell and speculate on currencies from the comfort of their homes with a mouse click through online brokerage accounts. There are many tradable currency pairs and an average online broker has about 40. One of our most popular chats is the forex chat where traders talk in real-time about where the market is going.
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What is forex Trading?
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forex market is in effect the world's biggest and most liquid asset market. This guide will educate you on the basics, pros, and cons about forex trading as well as enlighten you on trading as a newbie.
The forex market is often referred to as the most unpredictable, yet profitable one in the financial industry. The market requires adequate training, before delving into it. Without sufficient knowledge about how the market works, a trader might have a tough time achieving success. The problem usually encountered by many new traders is that they approach it with unrealistic expectations which usually end with setbacks and regrets.
What Is forex Trading?
Before one can embark on a journey to another country, it is advisable to exchange your local currency with that of your intended destination. The process of carrying this task out is called Foreign Exchange (forex).
forex can also mean a marketplace where people speculate on currency changes and correlations with the goal of making significant profits. Paired currencies are the focus of every trade and each currency's value is dependent on its pair.
For example, as a currency pair, the EUR/USD has been set against each other. This means that their market behavior will determine their profitability. When the price of the first currency (Euro in this case) surges, the price of the other (USD) will decrease and vice versa. So, the ability of traders to predict their price movements accurately will determine who profits or losses in the forex market.
Essential forex Terms.
Leverage: leverage is simply help provided to a forex trader in the form of capital by a broker in order for the trader to access high volume trades. For instance, the effect of leverage of 1:10 on a trader's capital of $1,000 will translate to $10,000. With the bigger capital, the trader can trade a currency pair worth $10,000. The success of such trade will mean a profit multiplied by 10 and if it is unsuccessful, the loss is also multiplied by the leverage chosen. Therefore, proper care must be employed in the usage of leverage.
ETFs Trading Benefits.
Pip: every currency pair has a base unit which is known as a pip. A pip is 0.0001 of the price quoted. So, using the EUR/USD pair as a case study, when its bid price goes from 1.16667 to 1.16677, it means a pip change of one.
Spread: this is what differentiates the bid price of a currency pair from its ask price. Most of the time, popular currency pairs have low spread and in some cases, it is even lower than a pip. On the other hand, pairs that don't receive as much attention from traders tend to have a much higher spread. The profitability of a forex trade is dependent on the ability of a currency pair's value to cross the spread.
Which Pairs Can You Trade?
forex currency pairs are classified under different names such as majors, minors, and exotics.
Those in the major category are mostly currencies that are frequently traded like: the US Dollar, British Pound, New Zealand Dollar, Swiss Franc, Canadian Dollar, Japanese Yen, Australian Dollar, Euro.
To be classified as a major currency pair, the criteria is for the currency to be paired against the US dollar. Minor pairs also have the above listed major currencies, the only difference from the major pairs is that the US dollar is not included. For example, EUR/CHF or EUR/GBP.
Exotic currencies include the following: the Thai Baht (THB), the Norwegian Krone (NOK), the Hong Kong Dollar (HKD) and the South African Rand (ZAR). Those classified as exotic pairs are made up of one exotic currency and one major currency.
The major currency pairs have become the only choice for most traders, especially beginners, because of their tight spreads and daily volatility. However, one should also give attention to exotic pairs because they promise numerous opportunities as well.
How to Select Trading Pairs?
The process of selecting trading pairs should not be started without adequate market analysis and information at the fingertips of the trader. The purpose of this precaution is to have an educated guess on the possible behavior of the currency pair within a specific period. A trader must know the conditions responsible for price changes, volatility and also the way a currency can be detrimental to another.
As a result of all this, some traders are avoiding major currency pairs and no longer consider them as the best option. In their replacement, they go for pairs that are familiar to them because they understand the factors that can influence them as well as have deeper knowledge about their value.
One important principle traders must adhere to is to never get involved with currency pairs with high spreads. Instead, they should go for those with 0 - 3 pips. This is because the more a trader goes high, the more risky and expensive it gets. The average trader may not afford the consequences of anything above six pips.
How Liquid Are Different forex Pairs?
Some forex pairs are more liquid than others. Those with a greater level of liquidity are more popular because everyone wants to trade with them. Their level of demand and supply is second to none on the forex market.
This is because most stakeholders attach much more importance to such pairs when compared to others, thereby driving up their value. Pairs that make up this category are referred to as major currency pairs, like the EUR/USD currency pair.
forex traders tend to gravitate more towards the major currency pairs than any other pair simply because they can be easily liquidated. Also, they abound in opportunities, especially in the aspect of short-term trading, a trait that is too irresistible for traders. Nonetheless, this doesn't mean other currency pair categories are without use because they do. A lot of opportunities are inherent in exotic and minor currency pairs, which traders will find useful.

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The only requirement with these other categories is a sound knowledge about various world currencies and economies if one must profit from them.
Pros of forex Trading.
In the aspect of liquidity, the forex market is second to none as its daily trading volume is ranked largest in the globe. Consequentially, forex traders can easily enter a position in any of the available major currencies and exit it all within seconds for a small spread without being fazed by most market constraints and conditions.
The forex market is always busy and is operational 24 hours every day, five days a week. Every day, trading begins in Australia and closes in New York. Across the world, the major centers for forex trading are in New York, Frankfurt, Sydney, London, Singapore, Hong Kong, Paris, and Tokyo.
Risk Warning: Trading Leveraged Products such as forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.
Cons of forex Trading.
A lot of traders have become impoverished by ill-advised usage of leverage. Traders are provided with leverage by brokers, dealers, and banks to enter large positions with their little capital. The use of leverage comes with a lot of risks and it is important that a trader is aware of them before utilizing leverage.
Currency trading cannot be done without some basic tools like indicators and an understanding of basic economic principles. For a trader to be able to tell currency movements and what drives the values of currencies, he needs to have a good knowledge of the economies of different countries and how they affect each other.
Conclusion.
forex is a profitable business for those who are willing to let go of the wrong perception of the market and are ready to put in the required work. Both the traders with little funds and those with lots of it have good opportunities to make money in the forex market but they must understand what works best for the resources they have.
Traders with little capital are advised to adopt day trading in little amounts, while those with more capital can go for long-term fundamentals-based trading. New forex traders should invest in the knowledge of macroeconomic fundamentals which influences currency values as well as in technical analysis in order to make the most of the forex market.
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forex Trading.
Many people ask me about trading currencies, forex trading, and forex trading strategies. They hear all kinds of rumours and they have this idea about it that is either too "optimistic" or, on the other extreme, they see it as "something really scary and impossible." I will expose elements about good forex trading strategies and what a good forex trading system looks like, how currency trading works, what are the risks, and what are the challenges for the trader. If you are curious, read on, even if you know nothing at all about it or about finance or economics.
​ A recap of the basics I will NOT go over all the basics, as this has been covered in an earlier post and is also covered very well in many websites. I will just give a very quick recap. You do NOT need to be a financial guru or a pro economist to trade currencies, but you DO have to want to learn and "understand what is going on" at least a minimum to make sustainable profits over the long run.
When you trade currencies, you buy and sell "pairs" in the form xxxyyy, where xxx is one currency and yyy is the other, such as usdcad or eurusd or gbpaud. You do this via a forex broker, with whom you deposit money that allows you to buy and sell currency pairs. forex stands for "Foreign Exchange" and is by FAR the largest financial market in the world, dwarfing ALL other markets by several orders of magnitude. There are honest and solid brokers and others that are shaky -- be sure to choose a reputable one such as Oanda. Theoretically, the broker makes money with the "spread" -- the difference at which he buys and sells currencies to you and I, just like the place where you change your money at the airport when you travel, only on a much larger scale.
In practice, most brokers also have a trading desk, and the traders of the broker seek to make money by trading against their own clients by taking the opposite side of the trades of their clients and hoping that the clients will lose, on average (which obviously is true, based on statistics), which is like a casino: you are "betting" against the house, which means there are certain things you need to be aware of such as "stop hunting" and other issues (we'll cover that further down). Remember that trading is a zero-sum game, (even a negative sum game): the gains of one are the losses of the other. However, the "game" is significantly fairer and better in forex relative to the casino (and stocks) and the odds of winning are significantly higher for good traders, because the price of the pair fluctuates mostly beyond the control of your broker, and THAT is what is good about it, as the pair will follow quite closely the global market price. The currency market is a MACRO market, a bit like a stock index -- this is the opposite of a MICRO market on a specific stock, which is subject to a LOT of erratic fluctuations and market manipulation. Note that currencies can also be "manipulated" and pushed in one or the other direction for a short period of time and a few pips, but other than big central banks, the currency generally follows macro market forces that are beyond the control of even the largest financial institutions -- we will get back to these macro forces later. The setup looks like this:
I don't want to explain all the nitty gritty details, as the "operational details" of forex trading are relatively easy to learn and are NOT the problem or the main challenge, so I will just say this:
On every trade, you are always buying one currency and selling the other. If you buy usdcad, you are buying usd and selling cad. If you sell usdcad, you are selling usd and buying cad. You do NOT actually buy or sell anything "for real" -- don't worry, you don't need to have a bunch of USD or EUR to trade ;) Your broker takes care of all that for you and you just tell your broker what to do by clicking "sell" or "buy" buttons (it is literally that simple). You "buy" xxxyyy when you think that xxx will appreciate versus yyy and/or yyy will depreciate versus xxx (or both). More simply, you buy xxxyyy when you think price will go up. In that case, you are "bullish" on the pair, which is the same as being "bullish" (long) on xxx and/or "bearish" (short) on yyy. If you buy the pair and price goes up as you thought and you exit at the right moment, you make a profit, which is immediately added to your account. You "sell" xxxyyy when you think that xxx will depreciate versus yyy and/or yyy will appreciate versus xxx (or both). More simply, you sell xxxyyy when you think price will go down. In that case, you are "bearish" on the pair, which is the same as being "bearish" (short) on xxx and/or "bullish" (long) on yyy. If you sell the pair and price goes down as you thought and you exit at the right moment, you make a profit, which is immediately added to your account. You can "cash in" your profits (transfer from your account with your broker to your bank account) at any time. With Oanda, you can start trading with as little as 100$ and you can take risk that is essentially symbolic, where a "big" profit or loss would be 20 cents. With good brokers, don't worry when they write "losses may exceed deposited funds" -- this is written for security, but it does not happen. If you deposit 1000$, that's the most you will lose, and if you proceed with caution, you will not lose it all that fast and once you are good, it will grow, perhaps even quite significantly. You can also trade with a demo account (fake money), but I recommend trading with "real money" (even if it is only 100$) as soon as possible, so that you get a feel for the real thing. Once you start making 20 cent net profits (or whatever) regularly, just know that the SAME winning strategy will automatically translate to 200$ or 2000$ profits with a bigger deposit, provided your psychology and emotions remain unchanged with the bigger amounts... a long story... You should see your first "tries" with 500$ or 1000$ as "tuition fees" to learn: expect to lose it gradually as you go through the process of "learning by doing" and take it truly as the cost of "trading education." There is nothing strange about it. Some people pay 100k for a bachelor's degree, yet people freak out at the idea of losing 1000$ to learn profitable trading? What is this. In currency trading, you use "leverage": you can buy or sell 10, 20, 100 times the value that you actually have in your account. This increases profits and losses considerably. When you start, I suggest you: 1) start with a small amount, something between 100$ and 1000$, and 2) use LOW leverage. Once you can make profits (in cents) on a regular basis, increase your deposit and leverage. forex profits are calculated in "pips" and pairs have 5 decimals: one pip can be worth 1 cent, 10 cents, 1$, 10$, 100$, 1000$, and more -- it all depends on your account size and leverage. For example, if the pair eurusd goes from 1.0575 to 1.0595, price increased by 20 pips. I recommend that the typical beginner have a setup such that 1 pip = 1 cent. Then you can move to the more "real trading" world for retail traders, where 1 pip has a value between 10$ and 100$. Typical daily net profits can be 20 to 100 pips, depending on trading style, trading competence, risk management, and risk tolerance.

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The main currencies that are traded are USD, EUR, JPY, GBP, CHF, AUD, NZD, CAD with all the possible "pairs" between them. "Majors" are the ones with USD in them. The spread (which you can simply see as a transaction cost) is lower on the more liquid pairs such as eurusd and usdjpy and is lower during normal business hours, but you can trade 24/7 from Sunday evening to Friday 5 pm and you can keep open positions for as little as a few seconds to as long as several months, if you want to.
Fundamentals vs Technicals Humans have this ridiculous tendency to cling to identities. "I am a believer that only fundamental analysis is important" ... "I think that only technical analysis works" ... "I only use indicators" ... "I only use pure price action" ... Useless childish pissing contests of ego-driven individuals who need to chill out and relax and most importantly, try to have a more flexible and adaptable mind and spirit -- a very good thing for long run survival in trading.
Let me start with one thing: ALL knowledge you can get is useful in forex. Period. Pure technicians that have NO idea what is going on in the market are at a disadvantage, and pure fundamentalists who have no idea of trendlines, moving averages, buy and sell zones, and at least basic price patterns are at an even bigger disadvantage.
What is FA ("fundamental analysis") and what is TA ("technical analysis") exactly? OK, I will cut through the bla bla and go straight to it: FA is macroeconomics and TA is the analysis of charts and patterns, along with the identification of sell and buy zones, or supply and demand zones. If you really "want" to avoid one or the other, you must use TA and abandon FA, unless you are a multi-billion hedge fund trading trends (and even then) ... But why would you willingly let go of one major element of the market? Lazyness? Yup... the profit killer (there are many others -- we'll get to that).
FA is the study of the economy, financial markets, and the currency of each country. You DO NOT need to be a pro economist like myself to understand the basics, and in fact most "fundamentals" are "contained" in one useful and simple tool: moving averages! Most of the fundamentals can be seen in the 50 period moving averages of H4 and D1 timeframes. If the H4 MA50 is going up-down-up-down with no clear upward or downward trend, the pair is "neutral" and both currencies are more or less "equal" in strength ("fairly" priced and "neutral") in current market conditions. If H4 MA50 is trending generally up, then the first currency of the pair has the upper hand over the second one, which generally means the "fundamentals" of the first currency are considered stronger by Big Money (hedge funds, large speculators, etc). Same logic if H4 MA50 is trending down.
Above is eurusd H4 chart (each little bar is 4 hours of "price action" -- red is down and green is up). I will not explain how to interpret candlesticks as it would be too long in this already-long post. EUR depreciated versus USD in December, appreciated in January, and started to trend down in mid February, with a generally flattening slope in late Feb, perhaps signalling a trend reversal for March 2017 and a gradual takeover by EUR bulls for Spring 2017.
ALL these moves can be explained and even generally followed and clearly understood "as they occur" when you have the knowledge of economics and finance to understand what is going on and see the big picture clearly, but it is not essential to have a deep understanding of all the elements, as they are essentially "contained" in ("priced in") the moving average.
Isn't that GREAT?! Price tells you what all the fundamentals are doing: inflation, central bank bias and policy, global capital flows, growth, trade, jobs, credit, tax policy and regulation, politics, mood about risk, asset demand, etc. It's ALL there in the main MAs! Personally, I like to follow what is happening because I am an economist specifically specialized in currencies, global finance, central banking and macroeconomics, and it does indeed help A LOT, but it is not essential -- just know that MAs "contain" the info you need about fundamentals!
The fundamentals that move markets are of 2 categories: 1) what IS happening now and 2) what the big players of the market THINK will happen (expectations): "Successful investing is anticipating the anticipations of others" -- John Maynard Keynes in the 1930s.
The market movers for price are what actually happens OR what Big Money thinks WILL happen, as well as things related to actual capital flows due to growth, trade, and prospetity:
Inflation: more is bullish (the long story is a very long story that I cover in 12-week university courses in international finance or monetary theory, so please just bare with me!!). Growth and jobs: more is bullish. Credit: more is bullish. Taxes: less is bullish. Government spending: a big "stimulus program" is bullish, otherwise it has no large effect unless there is a government debt crisis (rare for the 8 currencies mentioned above). Central bank stance: a "hawkish" central bank will make the currency appreciate. Sometimes the central bank wants to avoid a currency from appreciating (to help exports) but does not want to cut the policy interest rate (which would weaken the currency) for various strategic and policy reasons (housing or asset bubbles, inflation, and so on), in which case the central bank officials will try to "talk down the currency" by comments and communications (CAD and NZD do this a lot). These strategies have an effect for a few days, but it does not last much more than 1 or 2 weeks if the global forex market feels the currency "should" appreciate. Trade: more exports is bullish. Global capital: if lots of money from other countries wants to buy financial assets or housing or land in a country, that currency will tend to appreciate... and if lots of global and domestic capital wants to LEAVE the country, the currency could crash due to capital flight! Market mood: good mood is bullish, but JPY and CHF are special for this, as they tend to appreciate when global markets start to get nervous (don't ask why -- it's a long story).
If you get lost in the details, here is a SUPER simple recap to help you: if goods and services and/or assets (stocks, bonds, housing, land, etc.) of a country are highly demanded, then the currency will also be highly demanded and it will tend to appreciate. The other elements exposed above also have a significant impact.

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forex fundamental analysis has to do with "following and understanding what is going on" with these variables and general market mood, along with a grasp of the relative impact and importance of what is happening. It helps to determine your "macro bias" on a pair (buy or sell). You can also "trade the news" in a more profitable way if you have a better grasp of FA.
The advantage of H4 and daily moving averages is that they already contain all the past "fundamentals" of the currency within their trends and directions and they tend to continue in the same direction simply because the macro fundamentals of a country do not (or very rarely) "suddenly change overnight" from bad to good or from good to bad -- the process is gradual, and it shows in the news on the various variables discussed above, so the news about fundamentals tend to simply "confirm and reinforce each other" in the same direction, on average, and the general economic context and outlook that influence the currency simply continues in the same dynamic. Currency market forces are more like a transatlantic than a speed boat.
Sometimes the trend weakens (a series of news on the fundamentals that are contrary to the recent past) or picks up more momentum (a series of news about the fundamentals that "add confirmation" to the current trend), and these changes in fundamentals will again show in the moving averages, with increasing, decreasing, flattening slopes, etc. It is important to be able to interpret the movements in the MAs and relate them with what is going on, as it will help you better understand what is happening and it will improve your trading considerably, but remember that all past fundamentals are "in" MAs and all recent fundamentals are "in" price action and "in" recent MA changes in the H1 and H4 charts. Remember this.
News effects are important to understand . Often news come out that have a large one-shot effect and the news is contrary to the general "market sentiment" about the economy. For example, you may see new negative data about jobs or industrial production in an otherwise expanding economy that is doing well. This often creates a short run depreciation of the currency that can last between 1 hour and 1 week, as market participants 1) "over react" to the news, 2) get over it and regroup and see the bigger (positive) picture and 3) the basic strong fundamentals "come back to the surface" such as massive asset demand, large volume exports, large long leveraged positions in the market, etc. Does this "one bad news data point" in an otherwise solidly expanding economy change the entire picture? NO! This is when long positions on this currency are a good trade (once the full negative "tantrum" is over), as the currency's general bullish momentum will resume, but is "underpriced" (for now) due to the short negative move caused by the "contrary" news. It is thus useful to "understand what is going on" to better grasp price moves and know what is behind them.
​However, a series of "contrary to previous general sentiment" CAN change the dynamics overall and indeed cause price to reverse direction or to end a trend -- it depends on how many data points "accumulate against the current macro bias" and how long the new direction of the economy will last. This is when a pair goes from bullish to flat or bearish or from bearish to flat or bullish... and you will often "see" this "in the charts" with MA crossovers.
The problem with FA and moving averages for H4 and daily charts is that they contain PAST information but are slow to adjust. Let's take a real example. CAD was generally bullish in January and February 2017 due to improving fundamentals, as can be seen by this falling usdcad pair (remember: if usdcad goes down, it means usd is "depreciating" versus cad, or equivalently, cad is appreciating versus usd) ...
First, YES, it IS possible to make money trading currencies, and quite a bit of it, actually. About 90% of retail forex traders lose money, on average... But about 5% make good profits, and another 5% make unreal profits month after month, often to the tune of 10% and even 20% monthly returns, month after month (yes you read that right, there is no typo) for the best and and most risk-tolerating of them. This is NOT hype or a rumour or exageration, it is true and verified.
This example tells us that the trend of moving averages gives us a general signal, but they do NOT give us timely information about what is going on "right now" ... to understand what is going on now, you can look directly at price and see how it is moving by itself and relative to the main MAs. I also like to follow the main news so that I really understand what is happening, which helps me in my trading biases and my entries, exits, etc. But you can also simply look at price and "notice" that CAD is depreciating a LOT, without necessarily knowing why. Chart analysis will help you do this.
I will say it now: I am a fan of the COMBO of FA with quality chart analysis with only MAs and pure price action, using simple trendlines and resistance/support zones and basic candlestick patterns that I don't have place to discuss in a blog post that is already too long... but I prefer no "technical indicators." Sometimes I look at RSI or CCI, but honestly, I find indicators useless and confusing, as they simply show price in another form... I say just "look at the chart" and understand what's going on instead of trying to avoid the effort of understanding what is going on with obscure "indicators" that will make you blind instead of helping you -- they are like cruches that keep you from full autonomy: free yourself of them and "see" the matrix!
I can't cover all the details of good TA or FA in a blog post, but in general, in TA, you want to look at price dynamics, MAs, and price relative to MAs. You absolutely MUST identify the main buy and sell "zones": places where the pair finds lots of "buyers" (buy zone, or "support") and lots of "sellers" (sell zone, or "resistance"), you must be able to interpret trapped shorts or longs, "see" how much bull/bear momentum there is just by looking at price, etc.
​The 2 blue lines there in this H1 audusd chart are "support" or "buy zones" ... notice how the drop of price stops cold when it hits those regions. This is because there are massive amounts of buy orders waiting at those levels. The same principle applies for sell zones. Notice I am using the word "zone" and not "value" -- they are not extra super precise points, they are fuzzy zones of a few pips distance. R/S zones on daily timeframes are more "significant" (solid and hard to "puncture", but also wider). When they are broken, they often flip: sell zones become buy zones and buy zones become sell zones. There are specific reasons for this, but I don't want to write an ebook here! Some are very solid, for example 100 for usdjpy is a very solid support and parity is quite solid for usdcad.
Now you may be tempted to say "oh cool, well I just have to wait for price to "bounce off" S/R levels and I will make money." It's not that simple, because 1) R/S values ARE punctured regularly, especially on lower timeframes and 2) you will get "fakeouts" during which it SEEMS that price will bust through, only to come back and hit your stop loss.
You also get a LOT of "stop hunting" around those R/S areas. Stop hunting occurs when the broker sees 5000 stop loss orders all within 10 pips... he pushes the price in the desired direction to hit the stops and profit from your loss, AND get a better entry price for the following move.
You need to properly interpret price moves in the lower timeframes (H1) and put them in the bigger context (H4 and D1 trends, even the weekly chart, market mood, etc.).