Look macroeconomically at fundamentals. Find some bias that you think will happen no matter what.
For instance my bias is AUDUSD to as low as possible. Why? Because living in Australia I know the place has an insane housing market that all of the politicians are invested in. I know raising rates would threaten this. So for all the hollering about 'matching the US fed' when raising rates.. I bet.. when push comes to shove Australia will not hike rates to protect their housing market. Thus AUDUSD will collapse. Ya ya.. independent fed my ass. I know all you elite clowns are in on it...
Down cost average small pieces with no stop loss. Remember, you want ot be able to have it move thousands of pips against you without getting margin called. Use 0.01 lots of you have to.
Use RSI as entry. Whenever RSI goes above 60. Just buy another 0.01 lots short on AUDUSD. Do this for months and months.
Be 100% prepared to lose your account if you are wrong on the macro economic calll.. but either your right or your wrong. 50/50 at worse... Which is a lot better odds than 98% of traders blowing their account and losing money on forex. You will make 400-500% after 6+ months of this on a decent directional call. You will lose 100% of your starting account if you make the wrong call. Your margin call and zeroing of your account IS your stop loss. Don't be afraid of this. The reality is your are extremely likely to blow your account to 0. You can do that by trading like a normal person, having a stoploss and watching your account get chunked bit by bit until you lose control and go 500:1 and blow it... Or you can do the sensible thing and take a 50/50 shot. Don't be greedy. Get out at 400-500% no matter if the call still continues and start a new account. Its slow but it is profitable. Also. RIP that guy that's trying to long AUD because he thinks Forex is like a pattern game where if it go down it has to go up now.
What's stopping a person from traveling to Argentina with crisp new hundred dollar bills USD and exchanging them on the "blue market" (1usd to 280 Argentine pesos) and then going to an official exchange and selling the pesos back for USD (closer to 155 pesos for 1usd.) I'm not smart enough to figure out that percent gain, but it seems like an easy and guaranteed profit?
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Why is it so easy to port mobile numbers in Australia?
Many of the identity theft cases that are posted here started with their mobile number getting ported to another provider by the scammers. Why is it so easy to do that in Australia? All they need is your name and DOB and to port your phone number and get access to your bank accounts. From my experience, it is not this easy in all countries. In India and Singapore, you have to carry your physical identity documents to an authorised dealer to change the provider. I wish same is implemented in Australia as too.
I have permissions for Forex, CFDs and Margin. I was able to trade a few days before. For 3 days now, I cannot trade. Happens on mobile phone, PC, everything. Why is this happening and why cannot I trade? Support doesnt answer. I uploaded a short video to show what I meant.
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