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New Forex Trade Idea (Monday 8/20/18- USDCAD; Sell Limit)
The trade idea is selling U.S Dollar (USD) vs Canadian Dollar (CAD)... betting that USD will lose strength vs CAD... the trade idea was generated by another member in the group and is an idea only. I don't generate the forex trade ideas (just the basic crypto ones (BTC/USD; and ETH/USD). That being said: Symbol: USD/CAD Status: deploying 2% risk on 1k account (maybe) Time Called: 1:45 p.m (Monday 8/20/18) Time Frame: H4 Type: Sell Limit Entry Price: 1.30750 SL: 1.30950 TP 1: 1.30500 TP2: 1.29750 TP 3: 1.29000 Would take no more than 2% here on a 1k account to start... Will update when/if entered. Already have a NZD/CAD trade in from last night... so there is correlation taking another trade that involves Canadian dollar. The current trade active has NZD gaining strength against CAD.
Time Frame: H4 Type: Buy by market Enry Price: 0.86500 Date/Time Called: Monday 8/20/18 (2:00 a.m) SL: 0.86087 TP 1: .86800 TP 2: 0.875 TP 3: .8810 Idea only... called by Good Life Smurf... modified some points slightly may put in a very low risk trade just to follow along... no more then 2%... but must sleep soon here at 2 a.m... .02 deployed at 0.8647 ($6 risk hah... will deploy another .04 to hold longer with a tp 2... and layer in one more .04 if its going well tomorrow)... done and done... zzz... update brews to go. Risk for this is $18.89... or about 1.8% risk on this 1k trading account... any idea that isn't generating by yourself (it's a decent idea to keep below 2%; and just play along)
[FOREX Real Money Balance Update] After depositing $496 into my Forex Account at the beginning of this month, today I officially doubled my account balance and crossed over $1k due to $443 in Net Profits this month. I still have 1 more trade idea tomorrow, but I'm proud of my accomplishments so far!
ActionForex.com was set up back in 2004 with the aim to provide insight analysis to forex traders, serving the trading community over a decade. BabyPips.com helps individual traders learn how to trade the forex market. We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey. Originally, I had always felt that FOREX was risky and similar to gambling, however after being invited by Mr Rayn to a workshop on FOREX, I felt that my view on FOREX might be mis-informed and that prompted me to join the Trade Ideas Live (TIL) to understand more. Forex trading, the foreign exchange business is global and of course, decentralized for traders. If you have the discipline, risk control, courage, and astuteness you are made for this business. Today, we are recommending some of the catchy forex trading names for beginners. Forex technical analysis on currency pairs throughout the week, as well as share learnings and provide feedback on how the tools improve their trading.
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