/r/Forex

Photograph via snooOG

Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between!


We also have one of the largest forex chatrooms online!


/r/Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and runs Volatility.RED as a resource site for traders.


PLEASE READ THE WIKI/FAQ BEFORE POSTING ANY QUESTIONS

THE WIKI AND THE FAQ
Hall of Fame Threads (really good education within)

Live Trading Chat


Subreddit Rules:

1 - No off-subreddit discussion (soliciting for DMs,) or promotion of your trader group or chatroom.

Comments must be related to the question. No attempts to take the discussion off the subreddit are allowed (via PM, 3rd party chatroom, etc.)

No posts promoting your 3rd party trader group or chatroom.

This is a zero tolerance rules, and will result in a perma-ban without the option to appeal.

2 - No external links or mentions to video sites (YouTube, etc.) Videos must use Reddit Video embeds.

Posts to video sites, including YouTube, are barred.

This includes direct links, and recommendations to watch a video, or a description of how to get to the video ("look up so-and-so on youtube, thank me later")

If you want to post your own content here, you can do so using Reddit Video embeds, so long as the video does not include mentions of external sites (calling out your social media / YouTube accounts.)

This is a zero tolerance rule, and you risk a perma-ban for not following it.

3 - No Promotional Activity or Advertisements

Do not self promote here. Doing so risks your brand being blacklisted by our spam filters.

Any promotional activity will result in a ban. You will have limited ability to appeal.

4 - No Promotion / Linking / Mentioning of your Social Media (IG, FB, Twitter, etc..) Accounts

This goes along with the rule about not taking the conversation off-site. Dropping your IG link will get you banned. Period.

5 - If you post a chart setup or trade idea. (Post Requirements)

You must be willing to explain your analysis and reasoning for any given chart or trade you post, or else the post will be taken down.

Empty charts without annotations are useless.

Subjective reasons for a trade do not help others learn or understand what you are doing.

Provide practical and tangible reasons for your trade / chart setup so people can follow along with you.

6 - No Signals / Signals Promotion

This falls under the posting charts rule where you must provide a detailed overview and context to your trade, but specifically singles out the posting of trade 'signals' with any commercial intent.

7 - Keep It Professional and Friendly!

No insults or attacks of any kind. Abusive posters will be banned. We don't care if they called you names first; report the abuse to us and we will deal with the offending party (getting into a name calling spat will likely just get all parties involved banned.)

8 - No Gain / Loss (P/L) Porn

We don't care how much money you made or lost. Context is everything, and risk metrics matter. Do not post your P/L Porn here unless you're prepared to give a detailed account of your strategy and all factors that went into generating said P/L.

9 - NO CRYPTO - We are not a crypto sub.

There are a plethora of subs devoted crypto topics. We are not one of them.

This sub deals with fiat currencies backed by governments.

Even if your forex broker offers Crypto CFDs, it is still considered off-topic here.

10 - MEMEs are for weekends only!

General idea: Business during the week, party on the weekend. MEMEs posted during the week will be removed, and MEMEs posted on the weekends will stay up but may be removed once Monday starts.

When is the weekend? from 4:30PM EST Friday, to 4:30 EST Sunday.

The ONLY exception is bank holidays when markets are either closed or illiquid with little trading activity.

11 - Mods can remove posts, comments, or ban users at their discretion. Do not argue with mod decisions.

Even if no rule was technically violated. The mods reserve the right to scrub posts, comments, and users from the subreddit in the spirit of keeping the community clean and without bias.


/r/Forex

424,068 Subscribers

1

Opinions on Heiken Ashi Candles?

I'm reading through the BabyPips course right now and I'm on the Heiken Ashi candles section. Does anyone have experience using the Heiken Ashi candles or a strong opinion on them?

1 Comment
2024/12/03
01:48 UTC

8

What’s the One Forex Myth You Believed That Cost You Money?

When I first started trading Forex, I fell for the classic myth: "The more trades you take, the more money you’ll make." Boy, was I wrong. Overtrading didn’t just drain my account....it drained my energy and confidence too.

What about you?

-Did you believe in a so called "holy grail" strategy?

-Think you could turn $100 into $10,000 in a week.

-Or trust that one magical indicator that promised the world?

Let’s share and debunk the myths that cost us time, money, and sanity. Drop your story below, reply to others, and let’s make this thread an eye opener for everyone in the Forex community. 🚀

5 Comments
2024/12/03
00:40 UTC

2

Is this normal to have such spread on FTMO account ?

I blew it just by opening position and immediately down by 4% . Checked the5ers account and there was almost zero spread. Thats ridiculous.

EDIT : image wont show up so here is the link : https://i.ibb.co/bJdmCyF/ftmo-spread.jpg

5 Comments
2024/12/02
21:50 UTC

1

Anyone trading the weekly trends? If so, why?

10 Comments
2024/12/02
20:35 UTC

1

Us prop firm

What's a good forex prop firm for the US?

4 Comments
2024/12/02
20:15 UTC

1

HONEST HOUR LADIES AND GENTLEMEN

How many prop firm challenge accounts have you bought before you finally got a payout? (Notice I didnt say funded, I’m talking money in the bank 👀

6 Comments
2024/12/02
19:48 UTC

2

Eurusd short for the long term

Anyone else see this setup?

3 Comments
2024/12/02
19:47 UTC

0

how to tell if someones track record is fake

If anyone wants to get an idea of anothers claims or shows their record of trades and profitability listings, be sure to ask for their https://www.myfxbook.com/ tracking. If they cannot have a third party verify all their trades, entries and exits, its fake. If they use the excuse of 'I didnt register or follow it' ask them to from this point forward, and see how well they do.

11 Comments
2024/12/02
19:34 UTC

71

We should ban this user and all his accounts

I dont think this behaviour should be acceptable

25 Comments
2024/12/02
19:21 UTC

2

Fake “Ah-ha” moments

During my first 1.5 years of trading, I experienced several so-called “aha” moments. These were times when I thought I’d cracked the code with a new strategy that seemed to work brilliantly—until it didn’t. One example: I achieved a 20% gain in a single month, only to be followed by a brutally long losing streak that completely contradicted my backtesting results.

That period was painful, but it forced me to rethink my entire approach. I eventually shifted to a dynamic risk management style instead of sticking rigidly to rule-based strategies. This change was a game-changer for me. By adapting to different market conditions, I’ve been able to find consistency and, most importantly, profitability.

For those of you who are now profitable traders, did you also go through similar “fake aha” moments before you found your edge? If so, what were they like?

2 Comments
2024/12/02
19:05 UTC

0

Fx Alex G

Hey there is there anyone that has Fx Alex G 60 course. Or trades the set and forget strategy. Is it worth it to learn?

23 Comments
2024/12/02
18:46 UTC

33

Watch out for this guy trying to scam.

BlumpyFx is on the hunt for gullible people. Watch out…

39 Comments
2024/12/02
17:34 UTC

1

EURGBP SHORT?

the pair is at strong support (daily time frame) but it might break through. Anyone else showing this pair or have an opinion?

1 Comment
2024/12/02
16:44 UTC

2

It’s not quite related to forex but ik I can get help from y’all on this

I’m only some few steps to becoming a pro gambler,I have my own uniquely developed system that helps me become profitable in a certain casino game I know this because I’ve had two instances where I was in profits by around 70% in the space of 3 days but blew it all because of 1:greed 2:gamble too much 1.How did y’all pro gamblers(traders) overcome the greed of wanting more ? 2.How did y’all pro gamblers(traders) learn to stick to the number of sessions you gamble ? My system relative to the specific casino game I’ll break even 68% of times, I’ll have a probability of 47% to make profit

8 Comments
2024/12/02
16:33 UTC

2

Will my mentor and I see charts the same way?

I've been learning forex technical analysis from my mentor, and it's been an incredible journey so far. But something has been on my mind. If we both analyze the same chart, using the same technique, will we always arrive at the same conclusions?

For example, will our interpretations of market structure, support and resistance levels or potential trade setups always align? Or is there room for subjective differences?

I'm curious to hear from others who've been mentored or are mentoring someone in trading. How much of technical analysis is "universal" and how much is open to interpretation? Would love to hear your thoughts!

4 Comments
2024/12/02
15:56 UTC

2

Looking into funded accounts

I’m going to buy a £25,000 funded account challenge at the end of this month with FTMO. My question is do I need to have a live account set up already to do this process? I have only used a demo account up to now apart from a small live account I made like a year and a half ago. Which of course I lost it all lol. That account doesn’t exist anymore. Or can I just make an account with them and buy a challenge then just follow the steps they send to me? Thank you for any help

7 Comments
2024/12/02
13:55 UTC

1

bull days over for the EUR/USD pair?

3 Comments
2024/12/02
12:19 UTC

0

Whats ur opinion on the channel "Smart Risk"

Does it teach legit working concepts ??

or he makes video just to earn from YouTube??

his videos look well animated and edited and he also has some videos on I.C.T concept.. so it made me doubt his authencity

If you know any other good channel than please recommend

may god make u successful 📈🙏

2 Comments
2024/12/02
11:27 UTC

0

Will using smc,liquidity,and timeframe confirmations and technical analysis make me profitable?

Will I be profitable if I use those methods?

7 Comments
2024/12/02
10:48 UTC

1

Need help or mentor or accountability partner

Heyy guys ....today i did 0.1% loss on my capital but i am not sad about it but the main thing is even i knew my setup is not there nd also my eyes was sleepy evrn then i open the chart nd took the wrong trade....i need a accountability partner because in everyother area i am doing well but when i was not well nd still took trade nd it get looser that tym i regret or feel frustrated....it would be very helpful if anyone come as a partner.

10 Comments
2024/12/02
10:41 UTC

4

How many of u ate actually profitable and how long did it take u to be profitable

How long does it take to be profitable.

37 Comments
2024/12/02
10:20 UTC

1

Can i start forex with 100 usd

Can I start forex with 100 usd.?and trade by opening 0.01 lots

32 Comments
2024/12/02
10:07 UTC

0

Can I start forex with 30 usd.

What is the lowest amount I can start forex with.i wanted to start with 30 or 50 usd and grow it.is it possible?

104 Comments
2024/12/02
09:31 UTC

8 Comments
2024/12/02
07:42 UTC

7

How to differentiate between choch and liquidity sweep

Hey guys just bear with me If the question seems stupid I'm sorry it's just because it's been like 3 days since I started

4 Comments
2024/12/02
06:58 UTC

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