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AUDUSD FOCUS - is Bullish/Buy!Dear traders, Here is your AUDUSD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the AUD stands at “2”, and the USD stands at “1”, meaning that the AUD is stronger than the USD, thus only looking for Bullish/Buy opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st Buy Liimit is placed at 0.7747 (with a 1% risk position size) Our 2nd Buy Liimit is placed at 0.7727 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 0.7872 Our Stop Loss is placed at 0.7697 This is a 120 PIPS trade - Risk Reward 1:4 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
The Base & Quote Currency - What Are They?In forex the base currency is the first currency mentioned in the symbol (the first 3 letters). The quote currency is the second currency mentioned in the symbol (last 3 letters). The base currency is being given a 'quote' in the quote currency quite simply, saying that if you hold one base currency you will receive x amount of quote currency. If you take a buy trade (long) then you are effectively purchasing the base currency, expecting it to rise in value against the quote currency. Likewise if you take a sell trade (short) you are effectively selling the base currency into the quote currency, anticipating that the base currency will fall in value against the quote currency. With CFD's you don't need to own either of the currencies to trade them, as the contract makes you liable for the value of change of the forex rate based upon the contract size (lot size). The broker will calculate this value, convert the amount to your forex trading account's base currency, and issue you with the profit or loss. For example, lets say your account is in GBP and you buy one contract (1.00 lots) of EURUSD. The EUR appreciates against the USD by 10 pips, and your profit is 100 USD. The broker then converts this to GBP using the USD/GBP rate (currently 0.7040), making your profit 70.4 GBP! The broker issues this profit into your trading account.
Education
by ToniSignals
EURAUD - SHORT SETUP (WATCH VIDEO)ALL INFORMATION IS PROVIDED IN THE VIDEO. TRADE SMARTLY. !!!!!DONT FORGET TO SMASH THE LIKE BUTTON!!!!! PICK A CURRENCY PAIR AND WRITE IT BELOW, AND I WILL DO ANALYSIS ON IT. 2. EURUSD, 2. EURGBP, 3. EURNZD, 4. EURAUD, 5. EURCAD, 6. EURCHF, 7. EURJPY, 8. GBPUSD, 9. GBPNZD, 10. GBPAUD, 11. GBPCAD, 12. GBPJPY, 13. GBPCHF, 14. AUDUSD, 15. AUDNZD, 16. AUDCAD, 17. AUDJPY, 18. AUDCHF, 19. NZDUSD, 20. NZDCAD, 21. NZDCHF, 22. NZDJPY, 23. USDCAD, 24. USDJPY, 25. USDCHF, 26. CADJPY, 27. CADCHF, 28. CHFJPY NOW, CLICK SUBSCRIBE!!!!!
Short
by Deeppoketz
Gold In Massive ProfitGood day guys, I have been holding this trade for quite a few days and it is paying off substantially. I have now pushed my SL into profit at 1805, making it over 800 pips. This was indeed a good setup. Be sure to notice we are approaching the lower high trend zone, so a possible reversal is in view. Again, I have been saying that I am looking for gold to go to 2300 for the past couple months. I have noticed now major players are saying the same thing. Every asset is having its time and gold will soon have its shine again, once reality set in that the fed has created a box that it cannot get itself out of. Well we appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDLong
by ThirdEyeTraders