Aggressive sales were on GBP/USD. The pound is under pressure due to the results of the parliamentary elections in the UK. The Conservative Party won 314 seats, which is less than is required for the majority (326 seats). I plan to open deals in the ...

Short'n'longs

Aggressive sales were observed on USD/CAD yesterday. It is caused by the fall of the “black gold” price. I’m going to wait for a correction to the 1.3490 mirror support. After the price reaches it, I’ll open longs. The goal for taking profit is ...

Short'n'longs

I expect the growth of volativity and trading activity on EUR/USD today. The ECB will make a decision on interest rates at 11:45. At 12:30, a press conference will be held. The economic forecasts will be published. I’ll reduce risks when opening a ...

Short'n'longs

Some require around $10 for classic acc. for ecn from $500 to $1K would be optimal for newbies... For experts it'll be around $25k if we talk about ib , but I think it's understandable why

How is the capital needed to start forex?

Aggressive sales are observed on USD/JPY. I’ll open deals in the current trend direction. I’ll sell the pair, if the price fixes below the 109.200 local support. Potential movement - to 109.00-108.75. I’ll use a trailing stop for tracking the ...

Short'n'longs

There will be parliamentary elections in the UK tomorrow. GBP/USD will likely be in flat all the time before the results announcements. I’ve identified the following trading range: 1.2800-1.2925 and plan to wait until the elections are over. I’ll ...

Short'n'longs

I’ve identified the following key levels on EUR/USD: Support – 1.1240 Resistance – 1.1280 I’ll open positions from them. I’ll buy, if the price fixes above the level of 1.1280. Potential movement - to 1.1325-1.1350. I’ll sell, if the price fixes ...

Short'n'longs

An interesting technical pattern has formed on GBP/USD. An "Ascending Triangle", a classical figure of technical analysis, has appeared. The price has overcame and fixed above the upper border of the figure. I plan to buy the pair, if the price ...

Short'n'longs

USD/JPY Support — 111.15, 110.50 Resistance — 111.70, 112.20

Short'n'longs

The statistics on the US labor market is in focus today. The most of experts expect the worsening of indicators. I’m not going to trade today but will watch the market carefully. Yesterday's preliminary report from ADP and business activity in the ...

Short'n'longs

The divergence on NZD/USD has continued. There may be a correction in the near future. I plan to sell, if the price fixes below the 0.7070 support level. Confirmations and entry points to the market should be found on smaller timeframes. Potential ...

Short'n'longs

The technical pattern indicates a possible correction on EUR/USD now. The price has held the 1.1250 resistance level. I plan opening short positions. I’ll sell it, if the price fixes below 1.1220. The goal for taking profit is 1.1190.

Short'n'longs

The bearish sentiment prevails on GBP/USD. I plan to open deals in the current trend direction. I’ll think of selling it after the price fixes below 1.2770 (a local extremum). The target level of movement is the 1.2700 round level. I’ll also use a ...

Short'n'longs

I can identify the following key levels on USD/JPY: Support — 110.70 Resistance — 111.15. It seems to me that the demand for safe assets can grow in the nearest future. It is rather difficult to predict what the report on the US labor market will be ...

Short'n'longs

My favorite reversal formation is the divergence of the price and the MACD histogram as I'm pretty good at working with it. Such a situation has formed on NZD/USD (timeframe N1). I plan to open short positions here. I’ll sell after the price fixes ...

Short'n'longs

Bears are dominating on EUR/USD now. The euro has lost more than 50 points during the Asian trading session. I’ll open deals in the current trend direction. I plan to wait for a correction to 1.1160-1.1175. I’m going to open short positions, if the ...

Short'n'longs

USD/JPY Support — 111.15, 110.90 Resistance — 111.40, 111.65 Potential movement — to the nearest s&r levels. I’ll use a trailing stop for these positions.

Short'n'longs

Trading activity and volatility won’t be very high today. This is due to holidays in the US and UK. I’ll open short-term speculative positions. I’ve identified the following key levels for EUR/USD: Support – 1.1160 Resistance - 1.1185, 1.1210

Short'n'longs

The technical pattern on NZD/USD is ambiguous at the moment. I’ve identified the following key levels: Support - 0.7000, 0.6950 Resistance – 0.7050 I’ll open positions after the price fixes above/below these levels. I’ll open longs, if NZD/USD fixes ...

Short'n'longs

The current technical pattern on GBP/USD indicates the corrective movement development. The strongest reversal formation of technical analysis, the MACD divergence, has formed at the H4 chart. I’ll sell, if the price fixes below the 1.2850 support ...

Short'n'longs