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Which foreign currencies are worth investing in?

Stockybailz

"Profit Compoundd" Rules
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Hi, guys!
What is your opinion on forex trading? Which currencies are worth investing in?
Many thanks! :))
HI Lilly87

Forex trading a bit like gambling, You win sum, but always end up losing more, to unpredictable and unreliable...

I Trade a Demo of 50000 to 57000 now Im at 42000. trade the AUD/USD pair against the EUR/AUD. As one pair goes in one direction, you can always be certain that the other pair is going in the opposite direction...You can also be certain that AUD/CHF, AUD/CAD, AUD/JPY are all going the same way as AUD/USD pair. So with that been said I like to keep my eye on the EUR/AUD and trade it after ten each morning depending on the direction of the AUD/USD. IF I'm on a good wicket trade all 5 pairs, make or break in the thousands on 1.00 Investment...
 

Stockybailz

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Forex trading a bit like gambling, You win sum, but always end up losing more, to unpredictable and unreliable...
I would like to re-numerate what I'm saying, depending on your base intelligence, Your got to take the good with the bad. In my last post I stated I was at a loss @ 42000 from 57000. Well that's my fault and not forex's. I made some deliberate bad trades and let my trades ride in the wrong direction, for to long, under complete stupidity, trading in a un convincing market when I knew better. We all learn from our mistakes.
Trades I wouldn't of traded with real money. it can be a gamble if your not constantly keeping your eyes on your trade or being on top of your game. Not every days a piece of cake, when the market pairs don't collaborate and go'es sideways don't trade.

I don't know your experience level but use indicators (Fibonacci Retracements, MACD, Stochastic Oscillator, RSI, Momentum) Expand your periods using these indicators to suit the market' It works for me all the time, if i'm paying attention. I'm back up to 46000 as i speak. Having a good couple of days, trading these pairs. Trade the 30m time frame, be flexible. check on the 1hr time frame for confidence.

I don't mean to convince you to trade forex if you don't already. But it just makes me feel better to have that said. Come back to this thread and we can talk FOREX! :xyxthumbs
 

Stockybailz

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Heres a shot of the EUR/AUD yesterday closing off the weeks trade. 30m timeframe started of choppy for most of the day, and set sail in positive territory from late in evening through the night, as it always does in most cases...When the EUR wakes ups... A prime eg of the action...

1642213075623.png
 
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