Everything a trader needs to know before trading thread starter has posted and I always encourage these sort of threads as they are very helpful for newbies to learn.
My answer is Eur/usd so you pick the best and easy pair around as it can get maximum result as 17 nations currency never sleeps and in some corner of banks it is gettin trade everyday as it is also covers the most part of usd index with usd/jpy as well
As far as trading the pair is concerned i would recommend daily trading is not recommended I always pick 1 or 2 enteries on the pair as I am a swing trader and I never risk more than 100 pips on a single target and 150 profit target
I always relies on candlesticks and rely on daily time frames I pick the entry on weekly open and I pick the most nearest swing to get confirmed and then see the fibo of the whole swing to low and find if weekly is above or below the 50% and then wait for a pullback and candlesticks pattern after the rejection from the support or resistance and if we again get confirmation above the high with bullish engulfing pattern then i will place my entry and exit with the rules I provided
I hope it helps for those who are looking to trade eur/usd and want to scalp and scalper can do the same on h4 or h1 but I never recommend scalping or hedging to anybody as it always tend to fail at sometime and if you dont use stops that will kill your account
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