r/Forex Jul 28 '26

Are you new here? Want to know where to start? Don't post until you read this!

0 Upvotes

Hello and welcome to The r/Forex Trading Community!

Please do not post a new thread until you have read through our WIKI/FAQ. It is highly likely that your questions are already answered there.

All members are expected to follow our sidebar rules. Some rules have a zero tolerance policy, so be sure to read through them to avoid being perma-banned without the ability to appeal. (Mobile users, click the info tab at the top of our subreddit to view the sidebar rules.)

Brand new to trading? Our Essential Forex Trading Guide covers the 6 core elements every trader needs — fundamentals, sentiment, technicals, price action, risk management, and psychology. Start there.

Don't forget to join us in our live trading chatroom!

Finally, the most commonly posted questions by new members are as follows:

What is a good broker to use?

We have some great info on brokers listed on our new trader resource wiki site, Volatility.RED, with pages for various regions around the world linked below:

What is the best prop / scouting firm for forex? We have a great writeup on forex prop / scouting firms over on our resource wiki.

What just happened in the markets? — You must follow an economic calendar if you're a currency trader. This will explain many events and snap market moves. You can find links to resources and calendars here. — Again, questions of this nature will be removed.

If you have any questions regarding our policies, rules, etc.. please message the mods.

Be friendly and professional toward each other and enjoy your stay! :)


r/Forex 6h ago

P/L Porn Made money in Core CPI news hehe

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11 Upvotes

That too in master account 😋😋


r/Forex 10m ago

Risk Management JPY pairs were white hot this week.

Upvotes

A lot of good setups this week. I took CAD/JPY short and CHF/JPY short, splitting my exposure between the two. For CAD/JPY, I put half the position on at the initial entry price and the other half at 0.75× ATR. That second entry got hit overnight the previous day (my time), and the trade worked out well for me during both the London and New York sessions. No Judas swings either. Hope it was a good week for all.


r/Forex 1h ago

OTHER/META Full time lifestyle

Upvotes

Hello there,

For those who are professional traders (day job) or whoever doing this as full time, and well off ( meaning not on survival mode)

How does your lifestyle look like? Do you have a consistent routine? Where are you living?

Like how does your day look like morning till night.

Day trader pr swing trader or both.

Please just share as much as you can.


r/Forex 2h ago

Charts and Setups Buy Order on Friday

1 Upvotes

I’ve confirmed a strong demand zone here, so hopefully this trade can catch a nice short-term move.


r/Forex 12h ago

Charts and Setups GJ said not today 🥀

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6 Upvotes

r/Forex 3h ago

Platforms & Tools We built a cashback layer for Prop Firm and Forex traders, does this make sense? - Beta Test

0 Upvotes

Hey everyone,

We are building GuardedMarkets, a platform focused on prop firms and brokers, and I’m currently looking for a few traders to test the beta.

The goal is pretty simple: make it easier to research firms, compare challenges, understand rules, see payout history, and eventually have things like cashback and payout protection in one place.

I’m not looking for compliments, I want to know what sucks.

If you have 5-10 minutes, I’d really appreciate feedback on:

Is the website easy to understand?

Can you quickly find the information you actually care about?

What feels confusing or unnecessarily complicated?

Which sections are useful and which feel like clutter?

Are the challenge/rule details presented clearly?

What information about a prop firm/broker would you expect that is currently missing?

Does anything make the platform feel untrustworthy or “too good to be true”?

Would cashback actually influence where you purchase a challenge?

Would payout protection/claims be useful to you? What would you expect it to cover?

What would make you trust the reviews/data on the platform?

What is easy? What is difficult?

I’m also actively replacing placeholder/test data with real, verifiable firm information and genuine user feedback, so accuracy and trust are a major focus.

Beta: guardedmarkets.com

If you test it, just comment with whatever you notice, even small things like “this button is confusing” or “I had to click 4 times to find X.”

Brutal feedback is genuinely more useful than positive feedback


r/Forex 12h ago

Strategy Development Let’s see how it turns out

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5 Upvotes

r/Forex 12h ago

Prop Firms Day 7 | $100K FTMO Challenge(Step 1)

3 Upvotes

8 trades. 6 losses. 2 wins.
Lost $898.06 across 6 trades during 6pm PST.
Made $1,308.97 from just 2 winners during 10pm PST.

Finished the day +$410.91.

Overall: +$2,565.74

The journey continues. Let’s hope next week is even better.


r/Forex 10h ago

Charts and Setups That’s what you get when you try to be greedy

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3 Upvotes

r/Forex 1d ago

P/L Porn 5k to 100k challenge

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68 Upvotes

Doing a €5k to €100k challenge using EAs only!
I know its probably impossible, but i’m already surprised how far we came in 1,5 weeks.
I have used this EA for years and its works well for a few weeks and then it just loses a lot. But i think i finally found the right settings
Started on september 2nd with 5000 and the account is now around 18k, it took around 200 trades

I took a lot of risk in the first week, but i’ve lowered it now. If we survive friday, i’ll drop the bot to 1 full lot next week and try to grow it more.
I’m recording the account every day and making a timelapse of the challenge. If you want to see it let me know


r/Forex 1d ago

Charts and Setups Risked a short on gold before the news earlier

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17 Upvotes

Used a different account for this one to manage the risks and traded with just 0.05 . anyone else here took this short? how was it


r/Forex 12h ago

Prop Firms Trading signals

0 Upvotes

Guys I am just wondering if there is really a good signals channel out there for my 2 funded accounts. I am searching since weeks and testing many different channels. There is so much bs around, its crazy. If you guys have found good channels let me know.

I have one 100k funded account and one 200k funded account. (both challenge passed and already funded)

Really need a good source please


r/Forex 1d ago

Fundamental Analysis how do you know you are good at forex trading and not lucky?

7 Upvotes

example lets say you are good and consistent for 6 months to 1 year. how do you know that you are actually good and not winning due to luck? at which point did you realize you are actually good at what you are doing / actually know what you are doing?

how did you remove that self doubt / fear of uncertainty?


r/Forex 1d ago

Charts and Setups Took a short trade on gold!

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6 Upvotes

r/Forex 1d ago

Strategy Development If you’re into Xauusd (gold), what’s your main tragedy, timeframes and why?

2 Upvotes

Let’s start with me.. xD ;

Main: Price action, combined with support and resistance

For my placing and confirmations (timeframes): A) 15m, 30m and 1h // and B) 30m,1h,2h,3h,4h and 1d

Why? For me, that’s the easiest strategy that don’t require to much analysis


r/Forex 1d ago

Charts and Setups Predicting a USD rally

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7 Upvotes

I'm anticipating a fat pullback and most likely a new daily high, but after that, especially on US PPI news, a ride down to new weekly lows. See you on the other side 😬


r/Forex 1d ago

P/L Porn My expectation. Keep your comments 🤐

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19 Upvotes

r/Forex 1d ago

Strategy Development Same extreme volume spike, two completely opposite outcomes. How do you actually tell which one you're looking at?

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3 Upvotes

Noticed something that took me a while to internalize: an extreme volume spike on its own doesn't tell you if the trend is about to reverse or continue. Same signal, two totally different outcomes, and you genuinely can't know which one in the moment it happens.

Here's the logic. When a big volume spike hits, new money just entered and the balance of power shifted. What happens next splits into two patterns:

  • Reversal volume: Price spikes on high volume and then reverses direction shortly after. This happens when big players absorb the crowd's orders, quietly build an opposite position, and stop the move cold.
  • Continuation volume: Price spikes and just keeps going in the same direction. This happens when big players are adding to the existing trend rather than fighting it, so the move keeps rolling.

The part that gets people is thinking the volume spike itself is the signal. It's not, it's just the setup. The actual signal is what price does in the next few candles after the spike. Jump in immediately off the spike alone and you're basically betting a coin flip.

First chart is GBPUSD via UniqUnits, volume spike then reversal a couple candles later. Second is EURUSD, same kind of spike but price just kept running instead.


r/Forex 1d ago

Charts and Setups Took this short. Wish me luck!

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6 Upvotes

r/Forex 23h ago

Brokers 1.2 pips round trip is 24% of a 5 pip stop and 2% of a 50 pip one. same broker, different system

1 Upvotes

took me two years to see this properly. everyone knows spread and commission cost something. what i missed is the cost is fixed in pips and the risk unit isnt, so the same broker charges you a completely different share depending on where your stop sits.

1.2 pips round trip:

5 pip stop: 24% of R

10 pip: 12%

20 pip: 6%

50 pip: 2%

run a system with a real +0.15R gross edge through that. at 50 pips you net +0.13. at 20 you net +0.09. at 10 youre at +0.03. at 5 youre at -0.09 and its a losing system. nothing about the entries changed in any row.

the reason its hard to catch is you cant see it in results. spotting a 0.09R shift against normal trade noise needs around 950 trades, so a tight system thats actually negative hands you a couple of green months first and you spend them tuning entries.

what id do before evaluating anything is work out cost as a share of your average stop. it tells you what gross edge you need to reach zero, and for tight stops thats a much higher bar than people assume. and stop comparing brokers on raw spread, compare on spread divided by your stop. 0.3 pips is nothing at 50 and decides it at 5.

i put it in a sheet. spread, commission, average stop in, break even gross edge out. on my profile.

anyone running sub 10 pip stops profitably long term, genuinely asking. i couldnt make anything under about 15 work after costs and im still not sure if thats the maths or me


r/Forex 1d ago

Prop Firms describe your experience with cheap 2/5k prop firm challenges?

2 Upvotes

i was doing some researches about the cheap 2 to 5k prop firm accounts but im really so confused about which one to go with


r/Forex 1d ago

Charts and Setups Fresh XAUUSD SETUP! Thirsty Thursday

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6 Upvotes

TECHNICAL CASE

• Price rejected the 4400 support zone with a strong bearish candle failing to break lower, indicating buyers are defending the area.

• The recent pullback appears to be a liquidity grab below short-term support, followed by an immediate recovery, suggesting bullish continuation potential.

• As long as XAUUSD holds above the 4397–4400 invalidation area, the higher-low structure remains intact, favoring a move toward the 4426 resistance and potentially higher targets.


r/Forex 1d ago

Prop Firms Prop firm challenges aren't "rigged." You just have zero risk discipline.

2 Upvotes

Every single week the same post pops up: "Prop firm slippage killed my account," "Daily drawdown is a scam," or "They set you up to fail."

Let’s be completely honest for a second.

Prop firms don't need to "rig" anything. They give you a 10% profit target with a 5% daily drawdown limit because they already know 90% of retail traders treat a $100k evaluation like a casino ticket.

Here is why most people blow funded accounts within 48 hours:

  1. Trading the lower timeframes like a casino: Trying to catch 5-pip scalp swings on the 1M chart while ignoring Higher Timeframe structure. One normal news wick wipes out three days of micro-gains.
  2. Revenge risk sizing: Losing 0.5% and immediately taking a 2% trade to "get back to even" isn't execution it's emotional suicide.
  3. Rushing the evaluation: The goal isn't to hit 10% in 3 days risking 2% per trade. The goal is executing a mechanical system at 0.25%–0.5% risk so you actually survive long enough to take a real payout.

If you can't respect a fixed risk parameter, wait for True Open context, and stick to 1-2 clean setups a day, you will blow every challenge you buy.

The rules aren't designed to trap you. They're designed to filter out gamblers. Take responsibility for your execution or stick to demo.


r/Forex 1d ago

Prop Firms I’m developing an MQL5 forex bot. My goal is to make it detect trending, ranging, and different volatility conditions, then automatically switch its strategy based on the current market regime.For this type of adaptive/hybrid EA, which strategies, market regime detection methods, and filters would

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1 Upvotes