Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

☑️NEW AAFXtrading.com Reviews: SCAM or LEGIT?

Epountic

Silver Member
LV
0
 
Joined
Dec 27, 2018
Messages
101
Reaction score
4
Points
25
Age
29
Location
Sweden
BMF Points
$2,279
Rating - 0%
0   0   0
Hi guys, recently retired from work and have some spare money that I want to invest. I don't want to invest them in bank deposit, I think it's too easy and unprofitable, so some of my friends suggest me to try trading. To be honest, I'm interested in trading, but I doubt about can I handle trading and profitability. If take all risks in count, what's may be more profitable, passive investing or trading? What's your opinion about AAFX as a brokerage? I read that it's friendly to beginners, so I see it as the broker to start with, but want to get more opinions, to make judged decision.
 
I haven't thought about a possibility to use a smartphone as a reminder. Pretty brilliant decision, but I have already got used to Free Alarm Clock. It's already helping me to be more organized in trading.
 
Sometimes I trade at night but I do it rarely. The main reason to opt for fixed spreads is that I like to trade on news. With fixed spreads it's less stressful to trade on news because unlike floating ones they never widen in response to breaking news such as unexpected moves of major banks. Moreover, I like that AAFX doesn't charge fees.
I first learned about fixed spreads about a year ago. Before this I traded with floating spreads for three years. I don't want to get back to floating spreads after I tried fixed ones. I did it with another broker. Fixed spreads are a rare thing and I'm very glad each time I find a broker with fixed spreads.
 
What do you think guys about the British Pound? That's a flag on its weekly chart.
GBPUSD weekly.jpg

The flat can be seen on the daily chart too, but I increased the scale, so you could see that the price is very close to the channel's lower line. So, the price may either rebound from the lower line and go upwards or it may break through and we see a further tumble.
GBPUSD daily.jpg
 
I wish I could pay more attention to this currency pair. For some reason, I neglected it. Now I see that I did wrong. I missed a lot of opportunities of working in that long-lasting range. I hope that this pair will rebound from the lower line and go upwards because it's much more convenient to work in a range, especially if you know that you will have enough time to earn until it hits the upper line. Thanks for the screens, now I will monitor this pair.
 
There's no such a question for me as which pair is easier to trade. I think if you are attentive and monitor the chosen asset on all timeframes you will spot the right place on the chart to enter the market and earn money. Some people trade assets on H1 and often forget to view the chart on other timeframes and therefore lose a very important moment of a reversal or a false breakout. It would be painful to view the asset's chart on the weekly timeframe and see that you overlooked the best moment to catch the very beginning of a long-lasting wave.
 
Britain's major bank turned out to be the first in the upcoming monetary tightening race. As you know, the bank was first in the Western world that raised its interests rate. To be exact, it increased it to 0,25 from 0,15. Of course, the market reacted to that decision but it wasn't a mind-blowing ascend. It grew for a while and then tumbled. I hope it will hit the lower boundary of the channel as I showed on the screen and only after this, it will go up.
British pound daily timeframe.jpg
 
It feels like the market participants are waiting for something. I expect a flat market on this asset. I don't want to speed up opening long trades immediately because I don't want to be kicked out of the market by a temporary opposite move. I keep an eye open on it but I know that once the pound will start growing I will buy it with 1:2000 - one of the most impressive advantages of the broker. I hope to close the deal at the upper boundary of the channel. I want to test a long term trade lasting for several months with 1:2000 leverage.
 
Perhaps, you stumbled on some thematic trading courses promising you good returns as soon as you learn to use bars. I think there's no any advantage. It's just the matter of convenience and nothing else.
 
Yeah, I agree. It's just the matter of convenience. Bars don't give any special advantage that could drastically increase the percentage of profitable trades. Both bars and candlesticks display open and close prices and also lows and highs, while candlesticks present it in a more intuitive format, to my mind. So, give up the very idea of using bars. It will give you nothing.
 
I guess you are right. I tried to read all these bar gurus and I felt my pot boiling. Once I got back to candlesticks, I felt a sort of relief. I asked that question to be on the safe side. I thought you knew something worthy about it.
Last week I was trading silver and Euro. I was mostly in the green and I did it without bars, so my spontaneous interest to bars was groundless.
Maybe I will open one more account with AAFX for some long-term trades. I think I will stay with this broker for a long time.
 
I opened an ECN account here. I did it with a purpose. I wanted to trade certain cross pairs and now I'm already doing this.
1:2000 leverage for cross pairs was the main reason to open a real account here. Most brokers don't give high leverage for cross pairs and the very fact that AAFX allows to trade cross pairs with this leverage makes this company advantageous.
I already see that I did the right thing. I trade mostly NZD/JPY, AUD/JPY and sometimes CHF/JPY, NZD/CHF, and GBP/JPY. I do this in accordance with my plan. I like what I see and at least on the initial stage the broker met my expectation.
 
Extreme leverages such as 1:2000 require less margin to hold trades. As a result, it becomes possible to trade 1-lot trades with a relatively small deposit. Let's assume, I have $500. It's not fairly big, I suppose. Look, NZD/JPY and AUD/JPY are the most affordable pairs. To hold one lot of NZD/JPY I need about $33-$35 of margin. With 1:500 leverage I needed four times greater margin.
I also want to get a withdrawable bonus from the broker and I think that with these pairs I will do it faster. I try to stay away from majors because they are less predictable. Of course, I risk a lot because my minimum trade is one lot. With 1:500 I could afford opening one lot- trade one time only. With 1:2000 leverage, it's routine, although very risky, but that's the price I have to pay for affordability.
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.