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Why day-trade currencies?
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Created: by Yuri57 Attachments:3

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Why day-trade currencies?

  #11 (permalink)
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eric73 View Post
Just because you may not know what they are...doesn't mean that it hasn't been happening profitably for a very long time.
Regards, Eric.


How much are you paying for the IFR subscription? And is it worth it?

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  #12 (permalink)
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It's worth it...if you know how to use it.

It's worth it, if you know how to use it.


Traderji
How much are you paying for the IFR subscription? And is it worth it?

This is the IFR lite version that is included for free inside my Oanda Live account. You have to login to retrieve the articles you want. I mainly just look for the Orders Board, to pick up the Barrier Options that are expiring at the next 10:00 AM NY Cut.

Eric.

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  #13 (permalink)
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ju1234 View Post
You are right, currencies are all related and are affected by each other. The king currency is still US dollar. So, every thing revolves around the US dollar. To make is easier and simpler, pick one pair with USD in it. When fundamentals affect dollar every currency paired with USD will move. So, pick just one pair with USD and other major like EUR or GBP, get good at it. No derivative pair like CHF.JPY.

That's actually very good advice. I just deleted all cross pairs and left only majors. I can see a lot clearly now.

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  #14 (permalink)
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eric73 View Post
There are ways of trading currencies that aren't immediately obvious.



Just because you may not know what they are...doesn't mean that it hasn't been happening profitably for a very long time.
Attachment 104391


Regards, Eric.

How do you read this options calendar?

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  #15 (permalink)
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Yuri57 View Post
How do you read this options calendar?

Prices tend to stick around expiring option prices, especially if they are large barriers. A large option might have a lot of protection if countertrend and after the NY cut @ 10am those positions are unwound so do the math

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  #16 (permalink)
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Traderji View Post
Prices tend to stick around expiring option prices, especially if they are large barriers. A large option might have a lot of protection if countertrend and after the NY cut @ 10am those positions are unwound so do the math

I have heared about this before. What is the exact process?

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  #17 (permalink)
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Hi Traderji,

i found your remarks about FX options expiries quite interesting. Would you mind to start a new thread on this, going more into depth?

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  #18 (permalink)
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If you're going to trade currencies stick to the futures contracts are they are regulated and have a solid reputation. Other novices tend to use market makers which create a market by taking the opposite side of the trade and things such as volume are impossible to find as you are trading through your broker. There is lot's of argument between market makers being good or bad, their importance in the market place providing liquidity etc. Stick to one or two currencies at a time and try to stick to one paired with the USD, the EUR/USD will be the most liquid, and GBP/JPY tends to provide some good long swings.

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  #19 (permalink)
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I used to trade crosses but now I trade only the 6 majors. Feels much easier.

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