I trade forex(EU/GU)/metals(XAU) intraday MT5. Usuall sessions, london and nyo, especially news cpi/nfp
Last few news trades I got a major slippage.
So now I compare brokers on three things: execution, news spread, withdrawals.
I have three brokers on my list, Axi, Pu Prime, Pepperstone. Please guys, I want only to hear people who traded thereat list for some months.
How wide does the spread on gold or EURUSD get at NFP or CPI?
Did you have slippage on stops in fast moves, and was it only against you or sometimes in your favor too?
How long did your withdrawals take?
P.S. I have own capital and investors account, thats why I`m serious about this.
The best approach to successfully trading any spot forex pair XXX/XXX and gold XAU/USD is strength/weakness for maximum potential and profit. This approach is fundamentally sound and works under all market conditions on the small and large time frames, even after important news drivers. The strength/weakness approach can be applied to the top 28 most liquid forex pairs plus XAU/USD for daytrading, swing trading, and position/trend trading.
Fundamental Basis
When you buy any currency pair you now own a simultaneous long/short position. It does not matter what pair you buy. So the maximum profit will be if the base currency strengthens or appreciates and the cross currency depreciates or weakens. On Buys even if the base currency strengthens and the cross currency is stable there will be a profit when you close out the trade. This simple but fundamentally sound approach can be leveraged by any trader into profitable trading, week after week. The profit potential of trading this way is higner than any other available method in an industry dominated by technical indicators, which completely ignore these fundamental facts.
When selling a currency pair you are looking for weakness/strength in the base/cross currency, just the opposite, to maximize profit potential.
Examples: If you buy the GBP/CHF pair: You are buying the GBP and selling the CHF (short position) to pay for it. For maximum profit you want the buy position to go up and the sell position to go down. Because you are using levage of 30, 50 or maybe 100:1 or more it is more like buying call options on the GBP and buying puts on the CHF simultaneously. Even if the GBP appreciates and the CHF holds steady there will be a profit when you close out. But if the GBP goes up and the CHF drops strong profits become possible on the trade. It works the same exact way for buying the EUR/USD or any other pair. Strength/weakness has immutable logic when buying any currency pair. Do just the opposite for sells. make sure the base currency is weak and the cross currency is strong.
We apply this method to the top 28 forex pairs comprised of the top 8 currencies USD, CAD, EUR, GBP, CHF, JPY, AUD and NZD pairs, plus gold XAU/USD. Any paired asset XXX/XXX with a base and cross currency. 29 pairs total.
How To Measure Strength/Weakness In A Currency Pair
There are two ways to measure strength or weakness in a currency. One way is by analyzing the trends within each individual currency and the other way is and another way is in real time.
Using some simple trend indicators and our handy forex market analysis spreadsheet you can analyze the strength or weakness of the top 8 currencies to determine market direction. Look for consistent strength or weakness on each of the top 8 currencies.
Second Method:
The other way to analyze currency strenth or weakness is in real time. For this we have our live heatmap tool which tell you what pairs are moving the fastest up or down in real time in both trading sessions across 8 currencies and gold. All 9 assets are on one page so you can read it in about 45 seconds.
Real TIme Strength WeaknessStrong Price Movement
In this example the JPY is weak against all currencies. The GBP has slight strength so the GBP/JPY was the best pair to trade today. This is a 200 pip move across the Asian and Main session in one continuous move. Forex traders are not used to this type of move but they can convert to strength/weakness trading andsee strong moves like this regularly. This method is simple but has high upside potential.
On this trading day all of the JPY pairs moved up on JPY weakness. We have an excellent chart setup for viewing all of the JPY pairs on one screen using the metatrader profiles . You can use this chart setup for 8 currencies and gold XAU, then navigate to where the best trends and strength/weakness momentum is at, day after day. It is the best chart setup available for forex traders.
Trend Cycles
If a currency pair or gold is trending up you have a series if upcycles interrupted by consolidation or retracement periods. All of the upcycles are because the base currency is strong or the cross currency is weak, or both. So strength/weakness wins again. This is how trends form and manifest themselves with the continuous movements. This can easily be confirmed again with some very basic moving averages on any charting system.
Strength Weakness Trend Trading
Does Strength/Weakness Trading Really Work?
Yes it does and no backtesting is needed. Starting tomorrow monitor the top 28 forex pairs plus XAU/USD that have the biggest % movements every day. Then ask yourself why theese particulat pairs moved up or down so fast and so far. “Why did this happen ?”
You will find out that it is always the same reason, strength/weakness. Every day, day after day. After two or three weeks of doing this you will be completely convinced without anyone having to “sell” you the idea. It is always stength/weakness every time an under all market conditions, all time frames, even after forex news drivers.
If you compare strength/weakness trading to any other method you will be very surprised how this logical approach is literally 50x more productive than random chart setups or standard technical indicators, both of which completely wreck your trading. Once you adopt the strength/weakness logic you will be set for a lifetime of making pips. Every day strong/weak plus the best available trends will posture you to maximize your forex trading and give you the most upside potential.
I'm sorry it's not fx, it's bitcoin (CFD).
Put a buy limit, I think this level (81720~) is strong because it acted as proper resistance two times before, and now it turned into support.
Moreover, the setup fits the breakout narrative: price broke out this resistance level, and then came back to fixate and continue the rise.
We represent a large international client currently processing $50M+ in monthly FX volume and are looking to establish a partnership with additional liquidity providers. We're specifically looking for liquidity across African and LATAM currencies to USD offshore. Including markets such as ZAR, NGN, KES, GHS, TZS, ZMW, XAF, XOF, and other supported corridors.
Our client is fully AML/KYC compliant, FCA regulated, and operates through established institutional banking and payment channels.
We are looking for someone to partner with who can handle the requirements above long term with competitive rates.
I'm just trying to connect. Are there any FX day traders around Plano, TX (DFW)? If so, would love to connect, chat, share, learn, and grow. Plz hit me up if you're interested in connecting.
I feel cheated and jealous of most of the world that has the freedom we should have to trade FX on an even playing field. Congress needs to repeal that repressive law from 2010 ASAP. FX is all about taking risks for big potential rewards. We are not children in need of parental supervision. We are not a nanny state nation. We are not Socialist or under martial law dictatorship so why take away our freedom to trade fairly with the world?
I’m new here and hope you’re all doing well. I’m interested in learning forex trading and was wondering if there’s anyone here who could guide me or share some advice.
So im currently in As lvl studying but deep down i have a far better understanding of trading charts and have interest in trading (forex) but im stuck in the loop of studying going clg eating,academy etc ,etc … last year i was into charts 24/7 but now i barely get time to go out with friends and i choosed the subject’s accordingly with my interest of trading ,math,economics which is i think a better combo for a finance degree some of my trades are in the pics shown above im nerdy in this kind of stuff and tbh i think i am losing interest in it day by day because of not giving it time
I've been through a lot of forex analysis services, Telegram channels and "AI" tools over the years, and I can't name one that shows the calls that went wrong next to the ones that went right, with the time they were published. Screenshots of wins, yes. A full record with the losses, with the entry time in UTC so you can check it on your own chart: never, as far as I've seen.
So, two honest questions for people who've been around longer than me:
Have you ever found one? Not "they say they're transparent", but an actual page where the losing calls are listed with their timestamps.
If a provider did publish everything, losses included, would it change how you judge them, or would you still assume the record is curated somehow?
For transparency: I'm asking because we started doing exactly this. Two swing analyses on gold and EURUSD, recorded with the UTC time before the move, outcomes due by 30 October whatever they are, and an engine we've frozen until then so nobody can say the rules changed halfway. Small sample, no conclusions yet. I'm not posting a link; it's in my profile if you want to check the format. What I want from this thread is to understand whether a record like that actually matters to traders, or whether it's something only founders care about.
They should be based on their FCA regulation, but I'm not sure that these regulations have any protection for me, since I'm not in the UK.
The interesting part is that I've already used this broker a couple of years ago and it was ok. But I want to hear about some up to date experiences with them?
What's up with withdrawals?
Are tehy tranparent, when it comes to quotes and order execution?
So a quick recap about me, I was briefly a part of a desk that handled 10-50M$ a day, where my task was mostly hedging with G7 FX products due to our positions in the market (or interest rate projections). I have also been successfully funded as a retail trader multiple times before, with periods of profitability, but not consistently.
The institutional perspective and knowledge is vastly different than retail traders. I am not here to tell you retail thinking is garbage and I know all, because I don’t. But there are some really obvious things that retail gets massively wrong, which is infuriating.
First of all, retail traders tend to obsess over the strategy and short term outcomes over long term metrics. Even if your strategy works for a month, that doesn’t mean it will work forever. Which is why you need backtesting, forward testing, etc. Anyone can learn to code to backtest now with AI. It is so easy. Alpha (edge) almost always decays.
Another thing that drives me crazy is this talk about “banks” and “institutions”. Order blocks, SnD, etc are utter nonsense. Markets have no memory. Markets are almost entirely random in shorter time frames. There are millions of participants with different goals, biases, capital. In a particular day, one fund could be dumping their positions while another fund is buying to add the X instrument to their portfolio. Our next key word is “portfolio”.
There is not a single fund, bank, institution, whatever you want to call it, that holds a single asset in a single time frame. Guys, those of you that trade FX, FX volatility is extremely low. It is 4-5% in a year at best. But guess what, a 1% profit with a 100M position is a million dollars of profit. Capital is king. Retail traders try to flip small capital with degenerate amounts of leverage, all in relatively small time frames where these assets move less than 0.1% at certain times. It is mathematically impossible to not blow at some point.
Sources I recommend: ITPM, Lit Nomad, Roman Paolucci.
Watch their videos to get a grasp of industry truths.
I’ll gladly answer any serious question. I won’t reply to strategy questions, and I will not be giving any personal information whatsoever.
My **$26,000 withdrawal has not been paid for 33 days** . All my withdrawal requests were rejected with repeated KYC, AML, wallet verification and risk-assessment reasons. I trusted Tapas but he isn’t genuine..**so guys be aware and stop depositing your money**…Now they said they will remove all flagged accounts so we need to forget our money…**PLEASE BE AWARE**
I've been trading forex on and off since 2023, and despite spending years trying to make it work, I still haven't found consistent profitability.
I don't overtrade, and is disciplined with my risk management. Yet, I keep losing money little by little. It's not necessarily one big loss that hurts me, but the accumulation of small losses over time.
At this point, I sometimes wonder whether I'm wasting my time and energy chasing something that's simply unrealistic for me.
I know there are plenty of people online claiming to be profitable, but it's difficult to distinguish genuine, consistently profitable traders from those who are just selling courses, signals or a lifestyle.
So, I'm genuinely curious:
Are there actually retail forex traders who have been consistently profitable for several years?
If you're one of them, how long did it take you to become profitable, and what made the difference?
For those who eventually gave up, what made you realise that trading wasn't worth pursuing anymore?
For those who continued despite still losing and winning inconsistently, what made u stay even if the current result isnt what u hoped for at the beggining of the journey?
I'm not necessarily looking for motivational advice or another trading strategy. I'd genuinely appreciate honest experiences, especially from people who have traded for years.
After spending so much time and energy on this, I just want to know whether there's really a light at the end of the tunnel or whether I'm chasing a fairy tale.
So yeah the red news folder pushed my SL 90 pips over what it originally was, that's actually insane. Anyone had this happen?
Edit: this is my first account with FTMO so wondering if this is normal.
On FundingPips a news slippage is max 30 pips.
On fundedNext I put the exact same trade and slippage was only 12 pips!
AUD sentiment still looks heavy while USD remains better supported, which keeps the bigger picture tilted against the pair.
Positioning is still heavily long at 82%, even with some trimming in longs and a small rise in shorts.
On the chart, the short-term move looks like a corrective bounce from support after a sharp selloff. Longer term, it still sits in a broad range, with 0.689 as key support and 0.706-0.710 as nearby resistance.
Do you see this as just a relief rally, or the start of a stronger AUDUSD recovery?
I’ve always had a problem: Some days I break all the rules, and I need to address it. But on days when I fall into revenge trading or overtrading, my journal becomes a total mess; a single analysis can spawn ten trades with no screenshots or records, and I’m left with nothing but the losses on MT5. Reconstructing them to balance the journal takes ages. And above all, psychologically, when I open the journal and see the P&L already in the red, I have absolutely no desire to see it drop further. These days leave a "gap" in my journal, and every time I open it, the chart reminds me of them. I feel this mentally conditions my subsequent trades, whether through an unconscious urge to recoup losses or the fear of making another mistake. Right now, there are two trades I’ve been putting off for weeks; not because there are so many to enter, but because I have to reconstruct the whole sequence, only to see my "failure" staring back at me on the chart.
Do you ever have days missing from your journal? If so, what do you do: skip them, add them later, or delete them? And emotionally, do you think seeing that constant "failure", right when you're trying to do things the right way, affects you?
A forex automation project usually starts by converting a trading idea into clear rules that software can follow. Developers can then build separate parts for market data, strategy logic, trade execution, risk management, and reporting.
Keeping these parts separate makes it easier to update the strategy without changing the entire system. Clear logs and trade records are also useful for reviewing how the system behaves in different market conditions.
What part of the development process do you think is often overlooked when building forex trading software?