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Every website I look at seems to have different times for different trading sessions For example the Sydney session: Babypips: 7 am to 4 pm local time Admiral Markets: 10 pm - 6 am Berlin time (today) ~ 8 am - 4 pm local time Oanda: 10 pm - 7 am GMT (today) ~ 9 am - 6 pm local time ... and so on for other sessions and other websites. So, WTF? What are the actual trading sessions? EDIT: Another one: according to babypips the London session is from 8 am to 4 pm local time, but according to Oanda it's 8 am to 5 pm local time ...
I am not associated with Onada in any way, just thought these were interesting and didn't know about them until recently. Volatility Graph: Zero in on which currency pairs show the most significant price fluctuations over various time periods. https://www.oanda.com/forex-trading/analysis/currency-volatility
New to Forex, how did you all decide which pairs to focus on or do you monitor a few and wait for the appropriate signals?
Hi all, New to both trading and Forex. I'm curious how many of you trade a single pair? If you do, how did you decide upon it? Demo trading with your strategy on multiple pairs for a given time and choose the best one? If you trade multiple, is it just monitoring a few and waiting for the correct signal from one to enter? I've just created a demo account on Oanda and am building my strategy on MT4. From very preliminary work, I think the best pair for my strategy would be the most volatile. What are some good resources on current volatility? Does anyone use this Oanda one? As a rough estimate, if my strategy is most successful with more volatility, should I use the most volatile pair from the previous day and trade with that for the current day?
Discrepancy between MT4 (Oanda Demo account) profit value and Oanada profit calculator
When looking at profit values in MT4 vs Oanda's profit calculator I am getting different results. Today I was stopped out of a short position in EURNZD. I entered the trade at 1.70551 for 32000 units (0.32 lot) the trade was closed at 1.71450 my account currency is CAD, NZDCAD at the time of close was 0.90274 ( I found this by drilling down to a 1 minute chart to get a close a value as possible, is there an easier way to find a pair value at a specific time?) MT4 says my profit (loss) is -284.72 But I get -259.7 using their calculator: https://www.oanda.com/forex-trading/analysis/profit-calculato Checking their formula in a spreadsheet gives the same value: (Closing Rate - Opening Rate) * (Closing {quote}/{home currency}) * Units Does anybody else have this issue, or am I missing something?
AUD/CAD Technical Analysis ~~ The counter is currently trading around a strong resistance zone that triggered a sell-off previously. ~~ According to the wave, it has now completed the ABC correction. ~~ Hence, we expect the pair to move down https://traderpulse.com/forex-analysis-app/#pricing
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