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06-29-2009, 02:21 AM
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#1 |
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valued contributor
 Join Date: May 2008
Location: New York
Posts: 47
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Forex Charts what do you use for movement?
I have been trading forex and the charts let me choose how to see the price on the chart what do u forex traders suggest for the chart view?
bid/ask/last/mark? currently the last option isnt working but bid/ask/mark have been working great but which one would be the best for day trading forex. Also is there any day trading rules or regulations on forex? |
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06-29-2009, 01:17 PM
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#2 |
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valued contributor
Join Date: May 2008
Location: New York
Posts: 47
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Re: Forex Charts what do you use for movement?
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06-30-2009, 01:35 PM
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#3 |
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valued contributor
 
Join Date: Jan 2008
Posts: 104
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Re: Forex Charts what do you use for movement?
Pattern Day Trader (PDT) rules do not apply to the Forex.
As far as I know there are no similar regulations in place on the Forex. You may trade as frequently as you'd like. I go with last trade for my charts; same as the stock market. |
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07-01-2009, 12:06 PM
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#4 |
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valued contributor
Join Date: May 2008
Location: New York
Posts: 47
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Re: Forex Charts what do you use for movement?
awesome! thanks shark seems like not many people actually trade forex but like talking about it and gloating untraded experiences with forex. Glad to know someone is actually trading and understood my cry for help. thanks again
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07-01-2009, 01:49 PM
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#5 |
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valued contributor
Join Date: Jan 2008
Posts: 104
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Re: Forex Charts what do you use for movement?
No problem, Homie. Glad I could help. This forum leans more towards the stock trading crowd. There are forums out there that cater mostly or exclusively to Forex.
It'd be nice if we could get the traders of all these markets to congregate in one place though. __________________ I ramble about my day trading strategies at ChartShark.com You can also Follow me on Twitter @Chartshark |
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07-22-2009, 06:09 AM
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#6 |
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valued contributor
Join Date: Jul 2009
Posts: 29
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Re: Forex Charts what do you use for movement?
Hi there,
I will suggest you to firstly identify what type of trader you are then follow the rules of that specific method of trading. For example, if you are a day trader it would be wise to ignore the fundamental picture. It would also be wise to analyze and trade with the appropriate time frames. Also, select a broker that offers tight spreads, provides good order fills and guaranteed stop losses (all important for effective day trading). If you are a swing trader it is important you look at the much bigger picture. Sometimes fundamental market data can come in handy (although I personally prefer to look at the technical picture alone). Learn to be patient, both in terms of your profit target being reached and entering trades (for swing traders it can be weeks with no trade signals). |
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08-03-2009, 08:34 AM
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#7 |
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new member
Join Date: Jul 2009
Posts: 2
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Re: Forex Charts what do you use for movement?
I usually used Last Trade price with varies time frames.
but if you are a scalper probably you find tick chart will be more useful. |
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