One of the issues of trading a currency pair around the clock is that the liquidity can vary from one time zone to another.  Most major currency pairs see their best liquidity during the European/American time zone overlap.  The Yen and Australian dollar will experience robust liquidity during Asian hours, while the Canadian dollar will see strong liquidity during the North American hours.  When you are back testing your strategy, you should be cognizant of these tendencies.


THE RESULTS FOUND HEREIN ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN.
Social trading and copy trading are passive investment methods that have been designed with the beginner forex trader at heart. These tools give beginners the opportunity to copy trades of other successful traders on the platform (manually or automatically), and hence replicate the same trading results of these traders on your account. Copy trade software may arguably be the most treasured beginner trader software yet developed, as they significantly reduce the learning curve for the trader and get the beginner up and running as if they had been trading for years.
Most brokers offer mini and micro accounts, which means you can start trading forex with as little as $500. This amount will be leveraged into multiplied profits. Keep a note of the strategies that are fetching you huge profits as well as those that are not working for you. The secret to increased profits is to keep repeating what works (until it works no more) and to ditch what brings poor results.
We offer an online learning environment structured to cover knowledge-, activity- and competency-based learning styles. Knowledge Based Environment: On completion of the online Financial Markets Education course, the student will have the necessary knowledge needed to trade the financial markets. Activity Based Learning Environment: Engaging Interactive evaluations and practice exercises provide an efficient and responsive learning environment that enhances the student’s experience. Competency Based Learning Environment: Students are required to prove competence in all areas of trading by applying their learning to practical examples of scenarios experienced in the trading environment.
Pepperstone Limited is one of the worlds largest MT4 brokers. Because of its size and market depth it's able to provide traders incredibly low-cost pricing across all FX, CFDs and Commodities. Pepperstone is a great an all-round broker if you’re looking to trade multiple world markets from an array of online trading platforms -MetaTrader 4, WebTrader, cTrader and mobile apps for iPhone, Android and tablets.

When it comes to clarifying what the best and most profitable Forex trading strategy is, there really is no single answer. Here's why. The best FX strategies will be suited to the individual. This means you need to consider your personality and work out the best Forex strategy to suit you. What may work very nicely for someone else may be a disaster for you.
Forex trading opens with the Australasia region first, then Europe and North America in rotation. The cycle is designed for one market to open as another closes, ensuring consistent trading throughout the week. It is common for markets to overlap frequently for several hours, resulting in peak Forex market activity. For instance, an Australian trader decides to make a currency trade at 3am, the Australasia market would be closed, however the North American and European markets will be open allowing for the trader to conduct unlimited trades through foreign dealers.
We are professional traders with years of experience, thousands of trades and billions of dollars in volume under our belts. While self directing trading can be successful, our clients rely on us to trade on their behalf, and we take on the responsibility of putting in up to 20 hours a day along with all stresses and skills involved to make their accounts as profitable as possible.
The information that may be presented is based on simulated trading using systems and education developed exclusively by Earn2Trade. Simulated results do not represent actual trading. Please note that simulated trading results may or may not have been back-tested for accuracy and that spreads/commissions are not taken into account when preparing hypothetical results.
Of course, as you gain experience in the markets, your goals and resources will often change. In order to cater to the needs of the evolving trader, FXCM offers a variety of account types. Rest assured that no matter your resources and trade-related objectives, FXCM can furnish an alternative designed to enhance your trading experience in the forex market.
According to the Bank for International Settlements, the preliminary global results from the 2019 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $6.6 trillion per day in April 2019. This is up from $5.1 trillion in April 2016. Measured by value, foreign exchange swaps were traded more than any other instrument in April 2019, at $3.2 trillion per day, followed by spot trading at $2 trillion.[3]
Day traders face intense competition when it comes to successfully identifying and executing trade opportunities. Fortunately, most online brokers offer paper trading functionality that empowers day traders to practice their skills before committing real capital. Traders should take advantage of these features to prevent making costly mistakes and maximize their long-term risk-adjusted returns and performance.
Transaction costs are any costs that are involved with trading. In foreign exchange the transaction costs are the bid/ask spreads. Trading commission, like those charged in the stock market, are used rarely in the foreign exchange markets. Both are examples of transaction costs. A successful trader will pay close attention to transaction costs because they have a negative effects on returns.
A place to exchange your books with other members, Bookins says that they have “more available books than the largest Barnes & Noble.” Best of all, there are no membership charges or fees to speak of. Bookins arranges all the trades for its users, so members never have to contact each other at all to set up swaps. Sending items is free of charge, while receiving an item costs $4.49.
Like any market there is a bid/offer spread (difference between buying price and selling price). On major currency crosses, the difference between the price at which a market maker will sell ("ask", or "offer") to a wholesale customer and the price at which the same market-maker will buy ("bid") from the same wholesale customer is minimal, usually only 1 or 2 pips. In the EUR/USD price of 1.4238 a pip would be the '8' at the end. So the bid/ask quote of EUR/USD might be 1.4238/1.4239.
When we speak about volatility (or volume) as your main indicator for market activity, it is important to note that volatility is also cyclical. Sometimes markets are ranging for days and you cannot make any profits in markets that are just flat. It may happen for a certain Forex pair or it may be for the whole Forex market globally! Therefore, if you are a trend trader, you are seeking for trends. For trends, you need trading volume to sustain it.
I feel like I get asked this question the most. All I can say about my strategy is that it is ever evolving. There are a million ways to make money in the FX market, the idea is to find a couple strategies you like and fine tune them as much as possible until you are successful. I created a custom indicator over the years that helps me a lot with my set ups, I am a firm believer it still works because I have never disclosed it with anyone else. For the performance part of this question we prefer to aim for 5-10% monthly to our clients, this allows for very nice compounded gains. We often have months much higher but we have found it is better to focus on the smaller gains with more accuracy than bet the farm on every trade.
Although markets in many foreign countries are closed when North American markets are open, trading on foreign currencies still takes place. While the majority of trading on a particular currency occurs when its main market is open, many other banks around the world hold foreign currencies enabling them to be traded at times when the main market is closed. For example, the North American markets are open when the Japanese markets are closed, but North American traders are still able to buy and sell Japanese yen through their brokerages and banks. However, the market for Japanese yen is more liquid at times when the Japanese market is open.
The Commodity Futures Trading Commission (CFTC) limits leverage available to retail forex traders in the United States to 50:1 on major currency pairs and 20:1 for all others. OANDA Asia Pacific offers maximum leverage of 50:1 on FX products and limits to leverage offered on CFDs apply. Maximum leverage for OANDA Canada clients is determined by IIROC and is subject to change. For more information refer to our regulatory and financial compliance section.
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Liquidity in USD/CHF is never very good, and this makes it a favorite "whipping horse" for hedge funds and other speculative interests looking to maximise the bang for their buck. The lower liquidity and higher volatility of Swissy also makes it a significant leading indicator for major U.S. dollar movements. Swissy will also lead the way in shorter-term movements, but the overall volatility and general jitteriness of USD/CHF price action makes false breaks of technical levels common. These false breaks are frequently stop-loss driven and it is not unusual for prices to trade 15-25 points through a support/resistance level before reversing after the stop losses have been triggered. In strong directional moves, USD/CHF price action tends toward extreme one-way traffic, with minimal backing and filling in comparison to EUR/USD.
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