Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Wednesday, November 18, 2020

High Risk High Rewards Gold and Bitcoin Trading Forex

If you are looking for high risk high rewards trade in the forex market - you shouldn't trade the pure currency pairs with the like of EUR-USD, GBP-USD, AUD-USD etc. There are two pairs associated with USD with high volumes even on the 5 minutes charts like no other and they are the XAUUSD (Gold) and BTCUSD (BitCoin). On the weekly time frames the volume traded up to 50,000 pips at average of 20,000 to 30,000 pips that is a massive amount that you can't find on the normal currency pairs. For the Bitcoin even at 5 minutes candle volume average around 500 pips and up to 6000 pips maximum that way more than you can expect. 

Normal currency pairs like the EUR-USD or GBP-USD only volumes only max at 1000 pips per week at average of 200 to 300 pips and 5 minutes candle only around 4 to 20 pips that is very small compared to the Bitcoin / USD and Gold / USD. 

But of course high rewards also comes with high risk and one big mistake could blow your account instantly without mercy unless you trade only a small fraction although even that also still high risk.

See below Gold weekly time frame pips volumes at average of 7000 to 15000 pips
Bitcoin weekly time frame pips average 7000 to 16000 pips
EUR-USD weekly time frame average pips around 100 to 200 pips
GBP-USD weekly time frame average volume around 200 to 400 pips
Bitcoin 5 minutes time frame average volume around 1000 pips

The high amount of volume traded for Gold and Bitcoin is even worthy to trade within 1 minute time frames because it still generate more pips than the common currency pairs. 

 bitcoin usd | bitcoin investment |  bitcoin news | forex currency | forex trading for beginners | forex trade | bitcoin forex trading platform | trading bitcoins for beginners | forex and crypto trading review | bitcoin forex broker | bitcoin vs forex trading | which is more profitable forex or bitcoin | bitcoin trading 

No comments:

Popular Posts