AJ gives more cash (through more margin available and sometimes even more volatility) but using EJ that I am able to see more available analysis at different websites to understand when I'm on right track.
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AJ gives more cash (through more margin available and sometimes even more volatility) but using EJ that I am able to see more available analysis at different websites to understand when I'm on right track.
That's not exactly what I asked. I asked a particular question of EJ or AJ according to particular criteria.
Not being rude here are we?Quote:
Originally Posted by ;
Currently to the main answer: trade . You still have a lot to learn.
Your statement: AJ provides more cash
stop considering trading in quantity of money you make or lose. Think of it in quantity of right/wrong choices you did and in PIPS. Not cash, PIPS.
Your statement: with EJ that I am in a position to see more available analysis at different sites to know if I am on right track.
If you put a trade and look at other sites to see if you are on track, then you have completely no idea what you are doing. A trader has confidence in his system and trading abilities, of which I could see you predominate none. I dare you to ask professional traders should they appear on other sites to see if they're on track. Of course they DON'T.
Sorry man, but back into the study room with you.
Fxtrade and I agree here.
Should you want to do a cross analysis on several different websites to confirm a transaction then you want to go back to the drawing board and then settle down a little.
Secondly - It is not an issue of getting more income from AJ vs EJ. If the AJ has an avrg daily range of 200 pips and the EJ has an avrg daily range of 150 pips then your transaction size is directly proportionate to how much your stop loss is. It is about protecting capital and risk assesment not how many dollars will a pair give me.
Thirdly - Trade the pair which has the ideal setup. I personally trade pairs together with the lower spread and setup that is greatest. If you know the EJ is more analysis friendly then why even bother using the AJ (according to your comments). Trade the pair that offers the best setup with the lowest cost and lowest risk.
Hopefully this does not come across as unpleasant that is just the cold truth about trading. If you want to survive in thsi business you've got to take responsibility for your trades and possess a defined system to trade.
Cheers,
Trader V
Im a newbie that the person who introduce me to forex said begin with GBPJPY But someone onforexforum.co.zasaid the last thing you want to do because of they are so volatile, anyway they recommended EURUSD. So im trading and learning EURUSD because of their liquidity.
Sami
ps: dont think of money think of pips
Just exchange both of them. But remember you're trading the Yen double over.
No currency is' better' I exchange EJ... you may need some experience in the motion of the main currencies to do this. It's not for the newbie! Even though strictly a PA trader, I keep my ears on the floor.
I guess you are speaking about EUR/JPY and AUD/JPY. .
I typically recommend USD based currenncy pairs because technical analysis works really nicely on them. As well as they are highly liquid reduced spreads.