The Bretton Woods agreements of 1971 and the questioning of the system of fixed exchange rates allow the foreign exchange market to develop in the way we know it today. Forex refers to foreign exchange market, and brokers and banks...
O que eh o mercado Forex, os participantes desse mercado, alavancagem, etc. Por Marcelo Melo Seu site: http://www.forexpivotsbrasil.com/ Nossa comunidade sobre forex no orkut: http://www.orkut.com/CommTopics.aspx?cmm=2449900 Paz.
London Open Breakout type of trade
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Many FOREX brokers allow up to 200:1 leverage. My trading strategy is to take just very small gains (3 or 4 pips at a time) and set the stop losses way out there just to avoid a total wipeout. I never trade on Fridays either and of course close out before the market closes.
Because of the giant stop losses, I am only comfortable with around 20:1 leverage or maybe 30:1.
In other words, with a $500 margin account balance, I would only consider buying 0.1 lots of EURUSD (10,000) at a time; 0.2 lots with $700; 0.3 lots with $1100 and so on…
Does anyone out there use the same strategy as me and feel comfortable with higher leverage like 40:1, 50:1 or even higher?
After the Yen pairs retraced a bit from Thursday’s NY lows throughout Asia, we noticed some clues on the GBP/JPY that maybe the retracement was going to extend through London. Using some short term indicators as well as divergence gave us the clues and the price trap we needed. Using a simple 2 minute chart MACD cross, along with a Fibonacci retracement after the breakout/cross offered us the very repeatable low risk/high reward type setup that ultimately paid off in the form of around 190 …
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