FX Trading Live Demo
I would like to start a new thread concerning trading of FX markets. The thread will suggest some trade recommendations in different currencies. These recommendations will apply to spot and forward FX markets but will also be equally valid for futures. The price levels will only be given for spot FX market.
The thread will be updated as and when an opportunity arises. It will be based on my understanding and experience of FX markets and my interpretation, understanding and knowledge of technical analysis.
The thread will not attempt to give any fundamental analysis or comment on the activity of the Fed or any other Central Banks.
The recommendation will consist of: Entry orders (limit or market), stop-loss orders, risk/reward analysis, Exit orders with expected minimum target profit levels.
Please remember all the prices quoted are spot prices
Here is my first recommendation: (Eur/Usd closed at 1.2540-43 on Saturday)
Trade: Sell: limit order: Eur/Usd (selling Euro vs US Dollar) @ 1.2520 - (we want to sell it at a level lower than the closing of the market on Saturday (1.2540 - 1.2543)
Stop-loss order: Buy stop @ 1.2580
Potential target: Exit order: Buy limit order @ 1.2250
Risk reward analysis:
Potential loss = (1.2580 - 1.2520) = 0.0060 basis points
Potential reward = (1.2520 - 1.2250) = 0.0270 basis points
Risk reward ratio = 1/4.5
Regards
Nautilus
I would like to start a new thread concerning trading of FX markets. The thread will suggest some trade recommendations in different currencies. These recommendations will apply to spot and forward FX markets but will also be equally valid for futures. The price levels will only be given for spot FX market.
The thread will be updated as and when an opportunity arises. It will be based on my understanding and experience of FX markets and my interpretation, understanding and knowledge of technical analysis.
The thread will not attempt to give any fundamental analysis or comment on the activity of the Fed or any other Central Banks.
The recommendation will consist of: Entry orders (limit or market), stop-loss orders, risk/reward analysis, Exit orders with expected minimum target profit levels.
Please remember all the prices quoted are spot prices
Here is my first recommendation: (Eur/Usd closed at 1.2540-43 on Saturday)
Trade: Sell: limit order: Eur/Usd (selling Euro vs US Dollar) @ 1.2520 - (we want to sell it at a level lower than the closing of the market on Saturday (1.2540 - 1.2543)
Stop-loss order: Buy stop @ 1.2580
Potential target: Exit order: Buy limit order @ 1.2250
Risk reward analysis:
Potential loss = (1.2580 - 1.2520) = 0.0060 basis points
Potential reward = (1.2520 - 1.2250) = 0.0270 basis points
Risk reward ratio = 1/4.5
Regards
Nautilus
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