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Forex Cross Rates – Trade Idea
Algorithmic Trading with FXCM | REST API, FIX API, Market Data, and more...
Welcome to the FXCM algorithmic trading community. All levels are welcome whether you are new to algo trading and want to learn where to start or are a seasoned algo trader. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
What is Two Blokes Trading? Two Blokes Trading is a fun and informative podcast and website for new and experienced home financial traders. It follows us, Tom and Owen, as we learn to trade profitably and consistently. We interview leading traders and trading industry insiders every week on the Podcast to give our listeners the best chance of becoming profitable traders.
Does anyone else cringe at all the ideas that come through here? Like “USD going down this week.” Not the ideas themselves but the mindset behind them. My thought process is we should be discussing concepts, stats, probabilities, psychology, etc. These ideas are just so focused on the “now.” Same thing when I see someone beating themseves up over 1 trade, or bragging about a string of wins. (Or even a backtest with like 50 trades...) Maybe its an automation vs discretionary mindset difference but unless there is a decent sample size, it means nothing to me as the predictability of forex is close to 0. Successful traders dont predict, they repeatedly put the odds in their favor — there is a difference imo. I guess there’s nothing wrong with discussing ideas but is that part of your process? Getting input from (mostly) unprofitable traders?
http://twitter.com/forex_in_world/status/1303153461182242817Alternate Idea: Will the S&P 500 Bounce This Week? https://t.co/XuWK6ooLWj#forexsignals #forextrading #donaldtrump— FOREX IN WORLD (@forex_in_world) September 8, 2020
Sorry for the vagueness, the creation of this community is to share forex ideas and signals maybe make a few pips. However nothing in this community should be taken as financial advice, should you use anything in this community to make financial decisions you do so on your own free will and you and you alone are responsible for the outcomes that follows. We are not financial advisers we are everyday people sharing ideas, and making our own desicions or not doing anything at all based on ideas shared.
[FOREX Real Money Balance Update] After depositing $496 into my Forex Account at the beginning of this month, today I officially doubled my account balance and crossed over $1k due to $443 in Net Profits this month. I still have 1 more trade idea tomorrow, but I'm proud of my accomplishments so far!
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