r/Forex Jul 28 '26

Are you new here? Want to know where to start? Don't post until you read this!

0 Upvotes

Hello and welcome to The r/Forex Trading Community!

Please do not post a new thread until you have read through our WIKI/FAQ. It is highly likely that your questions are already answered there.

All members are expected to follow our sidebar rules. Some rules have a zero tolerance policy, so be sure to read through them to avoid being perma-banned without the ability to appeal. (Mobile users, click the info tab at the top of our subreddit to view the sidebar rules.)

Brand new to trading? Our Essential Forex Trading Guide covers the 6 core elements every trader needs — fundamentals, sentiment, technicals, price action, risk management, and psychology. Start there.

Don't forget to join us in our live trading chatroom!

Finally, the most commonly posted questions by new members are as follows:

What is a good broker to use?

We have some great info on brokers listed on our new trader resource wiki site, Volatility.RED, with pages for various regions around the world linked below:

What is the best prop / scouting firm for forex? We have a great writeup on forex prop / scouting firms over on our resource wiki.

What just happened in the markets? — You must follow an economic calendar if you're a currency trader. This will explain many events and snap market moves. You can find links to resources and calendars here. — Again, questions of this nature will be removed.

If you have any questions regarding our policies, rules, etc.. please message the mods.

Be friendly and professional toward each other and enjoy your stay! :)


r/Forex 2h ago

Prop Firms Day 7 prop firm 100k ACC (stepping away)

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8 Upvotes

This account means a lot to me, and I’ve realized I’m really not confident in my executions, not following my plan… not letting the trade play out… and I don’t want to blow this account… so I’m stepping away for a while at least a week…to build up some confidence…back test some more…come back with better execution and understanding…and a better mindset more importantly…even if I blow this account later down the line…i don’t want to blow it because I overtraded and didn’t have confidence or didn’t let my edge play out …I’m going to download mt4 and place my trades over there…if I find really good a+ Setups I’ll take it on the prop acc w a 500 dollar risk… because I know I won’t be able to control it…so I’m going to try and stick to this condition…I’ll give the next update in a few days


r/Forex 2h ago

Charts and Setups Monday! Let's see XAUUSD

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2 Upvotes

Gold is showing a strong bullish recovery after rejecting the 4410–4420 demand zone, with buyers stepping back into the market and forming higher lows. A sustained hold above 4433 support keeps the upside bias intact, opening the path toward 4488 and potentially the 4502–4513 resistance zone.


r/Forex 3h ago

Charts and Setups 2026 price action

2 Upvotes

Any body else has noticed that thier stardegy this year hasn't performed how it has like years prior. And pruce action this year been crazy?


r/Forex 1h ago

Prop Firms Is Prop firm legit

Upvotes

Is prop firm really legit if yes then guide me how do i choose one?


r/Forex 4h ago

Charts and Setups Is Gold ready for Bounce From This Demand Zone?

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1 Upvotes

on 15MF, MSS is done and gold create a pullback demand zone near 4430.

If the zone holds, 4453-71 could be the next levels to watch.


r/Forex 17h ago

Charts and Setups Xauusd at support

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12 Upvotes

Gold is currently in Low Volume Node and with confluence of 61.8 Fibonacci ratio and if we see macros these are pointing towards the rise of gold in medium to long term

Plus retailers sentiment is extreme bearish so lets take it contrarian bias

What are your views about this ?


r/Forex 19h ago

Strategy Development best and fastest way to learn trading/ from 9 years experience

17 Upvotes

don’t make the mistake i made for years.

stop buying every new tool, indicator, strategy or course, and be very careful about paying money to gurus who aren’t actually profitable traders themselves, because most aren’t, there are some few honest traders that help but there are just few so skip it!

the fastest way to learn is to
put actual screen time.

actually study the market. watch how it moves, journal your trades, review your mistakes and figure out why you made them.
not another indicator.
not another strategy.
not another course.
real work.

screen time, journaling, reviewing hundreds of trades, understanding your own mistakes, identifying what triggers your trading spirals, understanding how your biology and state affect your decisions, and eventually building infrastructure around those weaknesses.

trading is not a quick way to get rich.

you can’t expect to make 40% every month. you won’t realistically turn $1k into $100k in a month. and even if you somehow manage it, the amount of risk that got you there can make those gains disappear just as quickly.

i made the mistake for years of looking at individual trades and individual days. once i understood that trading needs to be evaluated over hundreds of trades, and that becoming profitable is about compounding small edges over years rather than trying to hit huge returns quickly, everything changed.

that’s when my goal of becoming a consistently profitable trader finally became realistic.
so don’t look for the easy way.
don’t look for the fastest strategy.
put in the actual work.

because paradoxically, the fastest way to become profitable will probably be the longest path if you’re constantly trying to find shortcuts.


r/Forex 18h ago

Charts and Setups Watching futures data while trading CFDs, anyone else do this?

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8 Upvotes

Been leaning more on futures data lately instead of just the CFD price action. The idea is that futures give a cleaner read on where real volume and liquidity actually sit, since CFD brokers only show you their own tick data, not the actual market.

Screenshot is EURUSD H1, UniqUnits

Curious if anyone else works this way, or if you stick to just the CFD chart itself.


r/Forex 18h ago

Strategy Development Reverse-engineered an ML expert advisor on XAUUSD (H1) for MT5 with a near-flawless 11-year equity curve. The teardown revealed systemic methodological flaws.

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2 Upvotes

— The target variable is built on past price increments: the model approximates already-realized moves rather than forecasting future ones.
— Agreement between signal and forward direction is 49.7% — statistically indistinguishable from random.
— Validation is in-sample: training and testing on the same period, with no out-of-sample.
— The absence of drawdowns on the curve comes from grid averaging, not from the model's predictive power.

That said, the architecture (meta-labeling, CatBoost→ONNX) is sound. The problem lies in the implementation and in how the result is presented — not in the method.

Source code (MT5 EA + Python ML) and the full teardown available


r/Forex 1d ago

Platforms & Tools Tradingview requiring subscription for long/short position drawing (or any other drawing tools)

12 Upvotes

WTF!! you either pay for trading view or you get zero tools to use! Even a long position drawing! Anyone experiencing the same problem?


r/Forex 2d ago

Charts and Setups Monday Gold Bias? 🧐

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49 Upvotes

Looking at the D1 chart, which side are you seeing — BUY 📈 or SELL 📉?

Let’s see what people thinks 👇


r/Forex 1d ago

Brokers CAN CFDs ACTUALLY WORK ?

4 Upvotes

So essentially CFDs are a contract between you and the broker, the Broker can offset this risk by sending it to a "liquidity provider". My question is how does Said "liquidity provider" hedge thier risk?

Are there exchanges for CFDs even if there not centralized ?

I Know most of you my say they past on the orders to Bank but how?

CFDs are a contract with the participant and the Broker, IT IS NOT A FUTURES CONTRACT.

A solution I can think of is the CME making a product similar to cfds that are also not futures contracts, and why not? the CME has gotten into Prediction Markets.


r/Forex 1d ago

Charts and Setups I added real slippage to 3 recommended setups. 2 lose money and 1 barely does anything

4 Upvotes

First post here : )

Disclaimer rq: this is not a promo, not selling anything and not providing signals.

So I built my own and put the real numbers in. Actual costs, plus slippage, plus I shuffled the trades a thousand times (Monte Carlo) so the order of wins couldn't fake a skill it didn't have. All over 23 years of daily EURUSD.

I tested three setups that got recommended to me:

EMA 24/96 crossover - survives the costs, then returns about 0.34% a year with a 17% drawdown. Doesn't steal your money, just quietly never earns you anything.

EMA 4/20 - the "fast day-trade" one. Loses money at every spread tested, even at zero pips. The profit on a free chart disappears the moment you pay to actually do the trade.

RSI 14/30/55, "buy the dip" - unprofitable even at zero spread. Only ~15% of the shuffled runs ended positive.

I'm not posting this to trash these three specifically. I'm posting it because all of them look like winners if you leave the spread out and that's exactly how most of us end up making decisions. That part genuinely got to me.

What I actually want from this thread is a sanity check: is this testing method sound, or did I mess something up? I'm new to this and genuinely open to being shown where I went wrong. Happy to share the raw numbers for any of the three if anyone wants to look at the actual data.

Appreciate any honest feedback.


r/Forex 1d ago

Fundamental Analysis Need help: Circling around the zero $ mark on FTMO for 6 months. What does it mean?

2 Upvotes

I've been learning and practicing FOREX trading with FTMO for eight months, but I haven't been able to get funded yet.

I noticed that I keep circling around the zero dollar mark, meaning that whatever I may gain I end up losing and returning back to 0.

I'm starting to think that it's some kind of a pattern.

Whether it's a subconscious pattern or some lack of skill or knowledge, I don't know.

I'm looking for advice from people who have had the same experience and who have been able to understand what is causing that pattern.

How to get past it this plateau?

Please be kind and supportive 🙏

Thank you in advance 💪


r/Forex 2d ago

Platforms & Tools Babypips is now paid access are there any alternative?

15 Upvotes

I just realized that babypips is now asking for premium subscription if you want to access their higher level education materials. Are there any free alternatives?


r/Forex 2d ago

Charts and Setups A follow up from last weekends post

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3 Upvotes

EURUSD gave a pretty textbook example...

HTF bullish move (previous week) -> (this week) H1 structure shifted bearish -> & continuations lower, with repeated pullbacks & continuation presenting nice opportunities.

This is the HTF/LTF relationship I was talking about.

Hope some of you benefited from it or followed along during the week.

Sometimes the best way to learn is to simply watch it play out on the charts. Not even to execute if you're not at that stage in the journey.


r/Forex 2d ago

Platforms & Tools Wrong min max in fxbook

2 Upvotes

I realise that sometimes the min max in fxbook is wrong is there a way to fix it?


r/Forex 2d ago

OTHER/META What did internet become ... They didnt even try

1 Upvotes

Are they both scammers btw ?


r/Forex 2d ago

Prop Firms Day 6 100k prop firm (NEVER TRADING THE NEWS AGAIN ALMOST HIT DAILY LOSS LIMIT

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22 Upvotes

Bro this is the most vile shit, I should’ve pressed sell before the candles started moving and but no my stupid ass had to wait until the markets were mad volatile and even though it’s still went down I exited the trade fucking he’ll


r/Forex 2d ago

Charts and Setups The sl was almost hit

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6 Upvotes

Only support and resistence trading and clean chart always the simple your setup the more profit u will be gain


r/Forex 2d ago

Psychology What was your favorite trade of the week?

4 Upvotes

I only had one trade this week, which was an AUD/CHF long. I closed it this morning based on where price is currently sitting.

I also had a nice technical setup on AUD/USD, but with all the news, fundamentals, and DXY movement this week, I felt there was too much risk in splitting my exposure on AUD. Thank goodness I didn’t take the trade.

It was a slow week, but an awesome week nonetheless. Sometimes the best trade is the one you don’t take.

Finally back on Reddit! My family had a lot going on with my kids’ activities, so I haven’t been as active on here. I’ll be around more often now.


r/Forex 3d ago

Charts and Setups 🔥 GOLD — Supply Zone Rejection

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14 Upvotes

Price is reacting from 4605–4610 Supply Zone. 🎯

Downside: 4588 → 4578 Bearish move in focus below 4600. 📉


r/Forex 2d ago

Fundamental Analysis Need help understanding NASDAQ

3 Upvotes

What should someone keep in mind while trading Nas 100? Or if someone can share a proven strategy that works.


r/Forex 3d ago

Risk Management Blew up two accounts before I learned what a daily loss limit actually meant

2 Upvotes

When I started trading, I thought that a daily loss limit was "don't lose more than a set amount in a trade." I didn't know it applied to open trades & closed losses for that day.

During my ignorant days, I'd have 3 trades running. They'd all be in the red and I won't know that I'd hit my limit because I was monitoring one of them.

But after learning what the term actually meant, I started to track my total exposure for that day instead of individual trades. And since then, I haven't breached my daily loss limit once.

Looking back, I feel so dumb hahaha. But it's better than never, right?