Anyone can show me egy for trading with GBP/CHF pair? I am really interested in with this pair but I am newbie, so I have no systems for fx trading, particularly GBP/CHF
plz help me
Anyone can show me egy for trading with GBP/CHF pair? I am really interested in with this pair but I am newbie, so I have no systems for fx trading, particularly GBP/CHF
plz help me
First off, I have to ask why this pair?
There are a few things about this pair.
1 it's a historically ranging pair
two it's a large volitatility pair
3 It usually carries a high spread
Having said that it's the best pair for a longer duration ranging kind system. There are a few out there, but they're rather complied and simple to abuse and abuse. I've Nice one I use, but it's complied and simple to misuse, so I do not talk about it to the general public.
Thus without more information from you about your approach, it's almost impossible to answer your question intellegently. If you are just beginning, I believe that you'd be better served to invest a lot of time studying how to trade and the characters of pairs along with their cross correlations.
Can you elaborate?
Thanks Scott
Thank you so much for your advice, can you show me the pair newbies can train to trade?
Well if you are searching for smaller and liquidity more reliable movements, EURUSD, about 70 to 110 pips average daily range and also the pair trends well. And the spread. If you are looking for low correlation and diversity, then use GBPUSd and EURJPY together... They have good volatility and deversifiy each other well from correlation issues.
Up to now a system goes. There are a few on this forum, however, Money Management is the key to success. Please read all the stickys in the beginner's Fourm and then reread them and then read James16 public threads...
After that you may know a thing or 2.
Which should keep you busy for a while... There is really no short cut. One could expect you go someplace and buy signs and might function as signs will be good and you will employ them well with sound cash management and you will earn money... But trust is not a valid egy.
Thank you Scott
I want to earn about US$ 1,000 a month, is this possible?
If this is possible, can u let me know the number of dollars (funds ) to perform this.
Can earn 1,000 USD a month from trading forex?
Maybe take a look at these tips for more information
https://www.cliqforex.com/trading-sy...ng-market.html
In my opinion, this pair is a little too volatile for newbie traders since this pair swings wildly. Maybe take a look at the EUR/CHF pair, it doesn't move quickly.
All of the best with your trading