Discuss Trade.com (Lead Capital Markets)

[Doomsinger]

I recently spoke to my friend about trading. He’s also a trader (doesn't use trade.com but oh well, that's not a subject of this particular posting). He boasts a 7-year experience. So, he told me that a trader shouldn’t trade everything and there are assets that are good to trade for him while others should be avoided. He told it’s all individual. I think he’s right and it’s a normal thing that I gave up trading cryptos.

 

[Pelvell]

Maybe it’s your path, but I advise you to pay attention to all assets. Have a look at trading USD/CHF synchronically with EUR/USD. They go in the opposite direction normally.

 

[Faelar]

I hesitated for a long time but finally opened a Mini account with Trade.com. Earlier I told that I wanted to trade cryptos and cross pairs. I didn’t change my mind, but at first I’m going to focus on one pair - GBP/JPY. I occasionally discovered several articles about this pair and it interested a lot. Many people tell that of all cross pairs, it’s nearly a major one.

 

[Pelvell]

Good luck with this new experience!
I heard that market makers pay attention as much attention to this pair as to majors, while the rest of crosses move on their own.

 

[Thoris]

Nothing moves on Forex without market makers.

 

[Faelar]

I also think that nothing happens without their intrusion, but I already see that GPB/JPY is easier to trade than GBP/USD, while both pairs are equally liquid. Of course, it’s not all goes so easy and GBP/JPY generates too much consolidation, but it would be scary if I used 1:2000 leverage. 1:290 is another thing, much safer. It gives me some peace of mind, but I had to deposit more margin.

 

[Faelar]

I intended to trade GPB/JPY but for some personal reasons I had to be off and respectively didn’t have an opportunity to enter the market on this pair on time. When I got back I saw that it was too late to kick in. Of course, I could dare to take extra risks but I didn’t want to do that.

 

[Pelvell]

Why didn’t you use pending orders before you left?

 

[Faelar]

I don’t know why I didn’t do that. Maybe I just forgot about it and it all went another way. When I got back I read a lot about such cross pairs as AUD/CAD and AUD/NZD. There was one more cross pair but I don’t remember it. One guy told that these three cross pairs bring steady income to professionals.
As I saw it was also too late to enter the market on AUD/NZD, but I hope I still have chances to kick in with AUD/CAD.
Cross pairs are getting more interesting for me and I intend to focus on these assets with this broker.

 

[Faelar]

Was going to share my achivement in the begining of the april, but times go so quickly and just noticed the screenshot I made... Anyway, luckily managed to kick in on AUD/CAD. Earlier I told that I had a strong desire to trade this cross pair but I didn’t have an opportunity to enter the market on time. Finally I got a chance.
I worked on H4. I opened a short position on this pair on April 5 and exited on April 8. I closed my traded in the green. My interest in cross pairs is getting stronger and I got a strong desire to try more cross pairs with this broker.