News articles and trades ideas should be posted with your analysis or a question. Post an article, or link to multiple articles with your analysis in it. Also, concerning your analysis, see The following should go without saying There is a thin line between promoting a product and service and SPAM. Before you can post a promotion or service you need to get approval from the mods. Links to external services, especially if they are selling a product such as signals services or binary options will be excised with haste.

Want to post a trade? Free News Websites www. Other helpful resources for trading aggregated here with descriptions. Education There is no reason to spend money getting an education in FX. The vast majority of sites charging you are scams.

News Wires - Expensive. Live text based news service. Nearly instantaneous updates during news events. Bloomberg Reuters Dow Jones. Squawk Services - Typically cheaper than newswires. Live running commentary on news events. Slight delay compared to wires. There are many factors to consider when choosing a brokerage. Regulations typically force US traders to only trade at US brokerages, while international traders have more choice.

After considering location you need to consider how much capital you will start trading with as many have minimum deposit levels.

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ECN brokers execute your orders straight through to their liquidity providers, while market maker brokers may pair up your trades with other clients. Market maker brokers typically will partially hedge your positions on the interbank market.

Many consider this to be a conflict of interest and prefer to trade at an ECN broker who would have an active motive to see you succeed. Lastly, brokers run inherently risky business models so it is important to consider the risk of bankruptcy. Be warned though that people only seem to make bad reviews. Used most by professional traders. Second largest retail FX brokerage in the US. Easy platform for beginners. FXCM nearly went bankrupt in Jan due to a lack of diversification and low capitalisation.

I am a forex trader and I lost $50, on forex last night. AMAA : IAmA

As a result FXCM LLC was bailed out with a large loan which may prove difficult to pay back. Be warned that their business may not be sustainable in the long term.

Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. Some brokers have their own proprietary software, while others lease common software like Metatrader or NinjaTrader.

Some software has a large development community for indicators and EAs. The books listed are in no particular order, this should not be seen as a comprehensive list but one that we the mods found most helpful in our trading journey and believe new traders can benefit from reading.

You may or may not find them as PDFs on Google, but we encourage you buy them if you have the means to support the authors. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee. I have money in one currency and need to exchange it into another sometime in the future, should I wait?

Exchange the money when you need it. This xforex tutorial highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile.

Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned forex day trading reddit most FX traders lose almost their entire first account so start with a low affordable balance. Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival.

You should always enter trades with a stop loss - the distance of stock market nokia app stop allows you to calculate how large of a percent of your account balance will be lost if your real return strategy binary options stops out.

You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account.

More on this here: This is something that takes time and experience. Start by browsing the forums listed above and here http: With enough chart time hsbc euro exchange rate calculator will begin to come up with your own ideas and methods.

Never buy an EA from a developer because the vast majority of them are scams. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price.

With experience you will discover what works best for you. Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Therefore the japan stock market plummets bet is to use a multi-timeframe analysis, working from top-down to come up with trades.

This is a long standing argument in these forums and elsewhere. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis.

The market is driven in the longer forex day trading reddit through FA. The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. Your broker handles spot FX is currency pairs.

Although they make an exchange at the settlement date they treat your position in your account as a do mcdonalds franchises make money currency pair. Think of it like a contract where you can only buy or sell it as a pair.

In this sense you are always stardoll stardollars generator free download one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another. Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price.

To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.

Would it be possible to add some twitter accounts to follow?? I do not have any, it is just a suggestion. Nevermind, I tried to follow some users on twitter, but thhey mostly confused me with their tweets. The only thing I would suggest is to follow financial news channels and central banks. Finally got the time to put together your ideas into a clean format. Please continue to comment below with additions to the resources above.

I am particularly looking for more recommended international brokers and more questions for the FAQ. For LMAX, I find the best broker is DarwinEx, especially for newer traders.

It was recommended to me by the Chief Editor of FXStreet. The journal review and trade review screens are top quality. May want to add that as a broker under LMAX?

If you follow any of the above links, respect the rules of reddit and don't vote. Please also add http: The start time on H4 bars can vary depending on where your broker is based. If you think about it the PA is really the same. A pin bar on one timeframe is the same as an engulfing bar an a lower TF. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.

By signing up, you agree to our Terms and that you have read our Privacy Policy and Content Policy. Log in or sign up in seconds. LIST OF RESOURCES CHATROOM SO WHEN WILL YOU BE RICH? No empty news articles or analysis News articles and trades ideas should be posted with your analysis or a question. Also, concerning your analysis, see 2: No Spam, No Non-Approved Promotions There is a thin line between promoting a product and service and SPAM.

Keep It Professional No insults or attacks of any kind. Abusive posters will be banned. Posting Trades Want to post a trade? Fairly candid look into a Canadian trading firm, in minute episodes. This is an archived post. You won't be able to vote or comment. Bloomberg Reuters Dow Jones Squawk Services - Typically cheaper than newswires. I need to exchange money, how do I do it?

I have an FX account, should I start trading demo or live? What about automated trading? What indicators are best? What timeframe should I trade?

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Should I trade using fundamental analysis FA of technical analysis TA? Am I actually exchanging currencies? Why didn't my order fill?

The URL isn't turning into a link though. I'm a big fan of Tradingview and it's great to see it mentioned. Posts are automatically archived after 6 months.