Trading Forex is so common now days. A lot of people have tried it, most of them quit, some of them still going and a lot more people will try it in the nearest feature. This community aims to help each other not to be fooled by forex companies 'gurus'. Lets share and discuss Trading ideas, educational material, tools, etc.
Forex Trading System: OHLC data or Order Book data to train models?
I am trying to do some prelim research on writing a trading system for forex. Trying to understand what type of data should I train models on? The question is that trades are basically set on asks and bids, wouldn't the model be more accurate with order book data? Also looking for recommendations for Forex data platforms API along with a broker that supports API order creation.
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I'm sure everyone sees a lot of Forex traders on social media (especially IG and Twitter), marketing forex trading and trying to get people to join them. Why do they do that? I can't imagine it's a pyramid scheme because how would that even work with forex trading? But yeah... just curious as to why they spend so much time trying to get people to join them.
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Lesson 1 – What is Forex? Try Day Trading 2020-09-22T18:58:55+00:00. You’ve probably heard of forex, but maybe you weren’t sure what it meant. The “for” in forex stands for foreign. The “ex” in forex stands for exchange. So forex stands for the foreign exchange market. Get the latest market information about the EUR/TRY pair including EUR TRY Live Rate, News, Euro and Turkish Lira Forecast and Analysis. ... Forex trading involves risk. Losses can exceed deposits. USD/TRY remains a clear uptrend despite today’s dip, with rates still trading higher on the week and up nearly 20,000 pips (!) from the January lows. TAGS: Central Bank , Forex , Turkey About the EUR/TRY currency rate forecast. As of 2020 September 27, Sunday current rate of EUR/TRY is 8.893 and our data indicates that the currency rate has been in an uptrend for the past 1 year (or since its inception). EUR/TRY has been showing a rising tendency so we believe that similar market segments were very popular in the given time frame. See both the current exchange rate for Turkish lira (TRY) and the currency's historical development over time against the Swedish Krona. You can choose your own time span in the TRY/SEK graph from 2012 to today's date. We also list the countries where TRY is primarily used currency.
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