normally avoid, unless u are good in either/combination of:
1. risk management, u have calculated expected loss and placed stops (above volatility range, such as 100pips above/below)
2. forecasting event outcomes, which sometimes are easy, sometimes unexpected
3. got hantu give u tips
4. or just follow long term technicals, in which u can withstand "test of time", u could be wrong 200pips before proven right 1000pips


depend on ur risk appetite.

2c

audusd looks like consolidating between 0,7410/0,7550 though. just my opinion. expect big move when it goes outside this range...

If using Fxcm can withdraw into your debit card straight.

Fundamental strategy in forex normally revolve around macro-driven events such as interest rate decisions and economic datas.

Normally macro-driven strategies are used in higher holding period like 2 weeks (in some hedge funds i know). Some are holding for a year especially commodities/precious metals.

To hold towards your target u need holding power to resist volatility.

In macro-driven strategy, what we're looking is the current data thats coming out, compared it with previous ones to determine overall trend, mean, sigma etc.
Speeches by central banks are also important as they like to indicate what they will do in few coming months, which potentially can be used to predict where the prices are leading to.

Just my 2cents

edit: btw recently starting in 2016, some fundamental doesnt make sense anymore on some pairs such as Japanese Yen. LOL. If u notice la. Like bad news suppose to cause the currency to go down, but it has become "safe haven" and went up instead.

This post has been edited by old_and_slow: Aug 27 2016, 10:17 PM

As for me it doesnt matter if u use 1000, 400, 800 leverage, as long the risk management is there. I.e. how much u risk from your total capital for open positions.

Lets say if u use 1000:1 leverage on $1000 account, of course u can open a lot of positions, but we must bear in mind that the more lots we trade per pair, the more "gain/loss per pip move" that u get. which in the end will affect your margin used. That means, if u open 1 lot position, u wont lose much if things goes bad. If u open 100 lot positions, your account will be damaged. It will haunt your psychology.

I hope you all understand hahaha

Don't worry about manipulation. I've run across few friends who run brokerage house and it's normal even on institutional level. They like to run stop loss. The best way to avoid getting fucked by these manipulations is using higher timeframe charts. You'll know more when u trade

USDJPY settung up