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fxeconomist

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Posts posted by fxeconomist

  1. Posted

    In my opinion, trading forex pairs is more comfortable than investing in stocks however we can also invest in those stocks which yield dividend on regular basis.

     

    Yeah it depends on what you prefer - passive or active investments. Young people prefer making money in aggressive way so forex trading may be more suitable for them.

  2. Posted

    haha I hope he did, if not I guess we will never know.. when people hit a certain goal, they tend to not actually feel the urge to share it anymore :D

    Yeah I also love to share my profitable trades with Hotforex, but when it comes to sharing about losses I try to be short and brief as much as possible :rofl:

  7. Posted

    Anybody tried to trade stocks via contracts for difference?I see many stock trading options at my Hotforex platform, they are even cheaper than regular exchange traded stocks, but I can't understand what is the difference between them?

  8. Posted

    I am an Australian journalist looking to speak to FX traders who made or lost money on the CHF mess in Switzerland. If you or someone you know were willing to speak with me briefly, my email is jkehoe@afr.com.au . Thank you.

     

    It would be really interesting to read about their cases, was they successful at claiming their money back from a broker, was there any support from regulators on this issue, etc.

  17. Posted

    Technically the pair is at the bottom of its 1.2800-1.2400 range and a sharp break below would suggest a distribution pattern. But if the range holds it may simply be a consolidation in what could still be a long term up trend.

     

    Yeah the pair continued uptrend I expect it to test 1.31 soon on NFP.

  19. Posted

    EUR will yield this week gains against Dollar in next week. I would call next week a "Dollar rally" as the odds of rate hike reached almost 50% in December what is bullish signals. Going to bid on Dollar next week.

  20. Posted

    I haven't seen or heard of ghost orders being available on retail platforms, but it's available on our institutional trading platform where I work and we use it here and there.

     

    It completely hides an order and will only trade if the market goes bid or offered at the price you want to sell or buy respectively.

     

    E.g. market is 6/8 and I want to buy 7's without showing my bid, i enter a ghost order to pay 7 on 100 lots, market is still 6/8, someone offers 50 @ 7 and i immediately buy them, market instantly returns to 6/8.

     

    Useful in some situations, sometimes a trader might not want to display their order in a market and keep their trading on the down-low.

     

    If you are the best/bid offer sometimes switching from a limit to a ghost will cause algos to go bid or offered at your level and you can immediately pick up some contracts that you wouldn't otherwise.

     

    Market-makers seem to use them quite a lot particularly on options, so the screen price might be 5/9 but the true price may be 6/8 via ghost orders.

     

    Hope that helped.

     

    Is it same as Toxic flow which is normally rejected by banks??

  22. Posted

    Think this might be a nice chance to buy on the deep? Or is it going even lower?

     

    Start buying on bottom and gradually build position as it moves against you cuz the bottom has to be somewhere near current levels. Coup was supressed so I think nothing threatens stability of turkish economy.

    Opened another two 0.03 lot bids on lira with Hotforex lets see how it goes.

  23. Posted

    News should not be a strong component in your evaluating trading opportunities.

     

    Yes, you should review several reliable news sources (Investing.com, ForexFactory.com, Finviz.com), however, your focus should be more on the market conditions (trending or not trending) to help determine whether you should trade or sit-on-your-hands.

     

    When the markets conditions suggest trending then you can focus on being more aggressive and increasing your position size to maximize profits. When the markets are not trending you should reduce your position size to minimize risk with the uncertainty.

     

    Leroy

    Trading EveryDay

    Menu - Getting Started - Trading EveryDay Blog

     

     

    It is impossible to trade news with retail forex brokers because they are market makers and won't take execution risks from client to themselves. You will in 90% cases receive slippage and miss major part of potential profit, run against bounces and pullbacks.

  24. Posted

    Obviously, post coup and recent S&P downgrade, the Turkish lire will fall at least for the next few weeks.

     

    So, taking a leaf out of Soros' book, could I short the lira?

     

    I'm assuming there are controls against this sort of thing forbidding amateur investors from engaging in this sort of behaviour but I'm curious to hear about currency speculation.

     

    Yeah you can considering gloomy outlook on world growth and speculations that recession will soon hit Europe and maybe UK as well. You can start will small positions building them gradually as it moves in your favor. It is my strategy I use with Hotforex.

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