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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.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. 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. Use this feed of free day trading ideas to inspire your next trade. We scan a long list of sources for daily trading ideas every minute 24/7 and list them here for easy overview. Check back often, as there can be up to 100 ideas published every day. TRADING IDEAS. We provide a FREE trading Ideas group where we send in the same trades that we take along with analysis and in-depth breakdown videos explaining the technical and fundamentals behind why we are entering each trade.Learn as you trade. ... Trading Forex, CFD's and other leveraged derivatives is considered a high risk investment and ... 400+ Forex Trading Names Ideas for Your Inspiration. By. Cheif Editor. 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.
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