How to make money trading the FX market

This is a discussion on How to make money trading the FX market within the Forex forums, part of the Markets category; Originally Posted by Mr. Charts PS The time on the chart is US Eastern. I still can't figure out, are ...

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Old Mar 10, 2016, 12:21pm   #25
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Originally Posted by Mr. Charts View Post
PS The time on the chart is US Eastern.
I still can't figure out, are you using technical or fundamental approach in your trading. I tend to to see market through the prism of fundamental events and IMO they carry the market but the point is can we mix it with technical (use it as a confirmation etc.) What do you think?
Thanks in advance.
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Old Mar 10, 2016, 3:01pm   #26
 
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Mr. Charts started this thread There was another almost identical move to this morning's trade at 13:42 and I missed what would have been a 23 pip trade by having a lunch break
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Old Mar 10, 2016, 5:48pm   #27
 
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Hi Richard

Have you thought of getting your systems coded up in say MT4 and selling them ?
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Old Mar 11, 2016, 6:21pm   #28
 
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Originally Posted by gerryg View Post
I still can't figure out, are you using technical or fundamental approach in your trading. I tend to to see market through the prism of fundamental events and IMO they carry the market but the point is can we mix it with technical (use it as a confirmation etc.) What do you think?
Thanks in advance.
Fundamental events sometimes do not produce the expected reaction.
Although you can trade on technicals, price action is often the confirming key.
I think you also need to be aware of the overall "fundamental" background, in other words what the military term "situational awareness".
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Old Mar 11, 2016, 6:25pm   #29
 
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Quote:
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Hi Richard

Have you thought of getting your systems coded up in say MT4 and selling them ?
Hi Pat,
I have thought of that and rejected it. Most of my income is from trading, but I do like getting out from my trading room and meeting and teaching people face to face if possible.
To be honest, I can't be bothered having everything coded up then selling it.
Richard
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Old Mar 11, 2016, 7:21pm   #30
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What broker are you using to trade FX Mr Charts?
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Old Mar 12, 2016, 1:50pm   #31
 
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Mr. Charts started this thread interactivebrokers
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Old Mar 12, 2016, 9:19pm   #32
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Thanks Mr Charts

Somehow I haven't heard about many traders using IB for FX trading - I wonder why?
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