Hey Everyone!!
I am a Forex Trading beginner with moderate knowledge of TA and previous trading in stocks. I wanted to ask where should I start analyzing pairs and in what order. I see the since there are two side of currency so a lot can happen in one currency and not in another but there can be a move in that currency, where some currency are totally in ranging market. I have develop my own little currency strength meter ( manual update) for the currency pairs I am following. I started with 40 currency pairs now I have reduced them to 10(AUD, EUR, GBP, USD, JPY) pairs. Any idea for what style of trading works better(not asking time frame), what should I expect in spreads and limit orders or market orders, with that what type of events should I follow? Thanks in advance.
I am a Forex Trading beginner with moderate knowledge of TA and previous trading in stocks. I wanted to ask where should I start analyzing pairs and in what order. I see the since there are two side of currency so a lot can happen in one currency and not in another but there can be a move in that currency, where some currency are totally in ranging market. I have develop my own little currency strength meter ( manual update) for the currency pairs I am following. I started with 40 currency pairs now I have reduced them to 10(AUD, EUR, GBP, USD, JPY) pairs. Any idea for what style of trading works better(not asking time frame), what should I expect in spreads and limit orders or market orders, with that what type of events should I follow? Thanks in advance.