PRIMEPIPS PRODIGY: FOREX MARKET ANALYSIS WITH RFX

Forex Fundamental Technical Fundamental Analysis Trend Analysis Correlation Analysis Market Analysis Trading Analysis Trading backtest Candlestick
Owner: royalfx Created: 12/21/2023
Original
Join Group
Delete Group
Group Invitations
  • Live
  • Videos
  • E-books
  • Lecturers
  • Awards
    HOT
  • Event
  • Community
Search

Scan to Download

Financial Learning Streaming Community

Download App
    English
    Language Preference
    Help Center
Creator Studio
  • Stream Now
  • Upload Video
  • Upload E-book
  • Ask Question
  • Create Post
  • Create Group

Log In

Do you wish to browse Trading.live in English? Redirect now

  • Discussion
  • Member (171)

🎲 Let's Play a Game: Can You Make Money Every Day?

royalfx
Imagine tossing a coin: - Heads, you win $2 - Tails, you lose $1 - You get one toss a day Now, can you consistently profit? Not likely. With a 50/50 chance, it's a gamble. But here's the twist: What if you could toss the coin 1,000 times daily? πŸ€” Consider this: - 500 heads, 500 tails - Each head nets $2, each tail costs $1 - Total gain after 1,000 tosses: $500 With this "special" coin, daily profit becomes feasible, right? πŸ’‘ The Lesson? Frequency Matters. In trading, it's the same principle.
118 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

Analysis of the Michigan Consumer Sentiment Index (MCSI) for February

royalfx
Analysis of the Michigan Consumer Sentiment Index (MCSI) for February indicates that consumer sentiment remained stable, with a slight increase of 0.6 points from the previous month. Despite falling slightly below the forecast of 80.0, this marginal uptick suggests that consumers continue to feel relatively confident about the economy. Key insights from the report include: 1. Solidification of Previous Gains: The stability in consumer sentiment solidifies the significant improvements observed in
247 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

Analysis of the Michigan Consumer Sentiment Index (MCSI) for February

royalfx
Analysis of the Michigan Consumer Sentiment Index (MCSI) for February indicates that consumer sentiment remained stable, with a slight increase of 0.6 points from the previous month. Despite falling slightly below the forecast of 80.0, this marginal uptick suggests that consumers continue to feel relatively confident about the economy. Key insights from the report include: 1. Solidification of Previous Gains: The stability in consumer sentiment solidifies the significant improvements observed in
166 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

LIVE MARKET ANALYSIS ON AUDUSD (8/01/2024)

royalfx
AUDUSD πŸ“ The First thing i do when making an analysis on a pair is to first look at the Daily timeframe to get an idea of rhe major trend of the market the daily timeframe gives a vivid market movement direction over a long period of time. If the major trend is uptrend on daily, i adviced looking out for buy opportunities (trending with the trend) and if the major trend is down trend on Daily i advice looking out for sell opportunities in the market for that day. So, How do you know the major t
233 Upvotes
2 Comments
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

The Psychology Behind Successful Forex Trading

royalfx
In the fast-paced and often unpredictable world of forex trading, understanding the psychological aspects can be as crucial as analyzing charts and trends. Successful forex traders don't just rely on technical analysis; they master the psychological game. Let's unravel the psychology behind successful forex trading and explore how mental fortitude can be a trader's greatest asset. Maintaining Emotional Discipline: The ability to control emotions is paramount in forex trading. Fear, greed, and im
233 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

The Psychology Behind Successful Forex Trading

royalfx
In the fast-paced and often unpredictable world of forex trading, understanding the psychological aspects can be as crucial as analyzing charts and trends. Successful forex traders don't just rely on technical analysis; they master the psychological game. Let's unravel the psychology behind successful forex trading and explore how mental fortitude can be a trader's greatest asset. Maintaining Emotional Discipline: The ability to control emotions is paramount in forex trading. Fear, greed, and im
202 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

Navigating Volatility in Forex: A Trader's Guide to Success

royalfx
In the dynamic realm of forex trading, volatility is both a challenge and an opportunity. Successful traders don't fear volatility; they embrace it, using its waves to propel their profits. Let's delve into the art of navigating volatility in the forex market and uncover strategies that can turn uncertainty into a trader's best friend. Understanding Market Volatility: Forex markets are influenced by a myriad of factors, and understanding what causes volatility is crucial. Economic indicators, g
138 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

PrimePips Prodigy: Daily Forex Market Analysis with RFX.

royalfx
Dive into the world of forex trading with PrimePips Prodigy! Experience insightful daily market analyses and advanced strategies that will enhance your understanding of the currency market. Topic Spotlight: Mastering Forex Trading Unlock the secrets of successful trading as we explore proven strategies and offer in-depth market analyses. Key Insights: - Effective Trading Strategies - Market Analysis Techniques - The Art of Risk Management - Staying Ahead of Market Trends Why PrimePips Prodigy? W
198 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

Gold Analysis

royalfx
XAUUSD (Gold) ANALYSIS: first taking a look on the Daily timeframe, when could observe that gold has been moving in an uptrend for the past few weeks,also applying the diagonal trendline, we can see swing highs (higher highs and higher lows) and that's just a rising wedge formation in simple terms. Additionally applying the 14 RSI with level 50, the RSI value is 68 which is greater than 50 and that indicates a Buy trend (when 14 RSI is above 50 on daily time frame suggest an uptrend market, And
182 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

Gold Analysis

royalfx
XAUUSD (Gold) ANALYSIS: first taking a look on the Daily timeframe, when could observe that gold has been moving in an uptrend for the past few weeks,also applying the diagonal trendline, we can see swing highs (higher highs and higher lows) and that's just a rising wedge formation in simple terms. Additionally applying the 14 RSI with level 50, the RSI value is 68 which is greater than 50 and that indicates a Buy trend (when 14 RSI is above 50 on daily time frame suggest an uptrend market, And
165 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

Gold Analysis

royalfx
XAUUSD (Gold) ANALYSIS: first taking a look on the Daily timeframe, when could observe that gold has been moving in an uptrend for the past few weeks,also applying the diagonal trendline, we can see swing highs (higher highs and higher lows) and that's just a rising wedge formation in simple terms. Additionally applying the 14 RSI with level 50, the RSI value is 68 which is greater than 50 and that indicates a Buy trend (when 14 RSI is above 50 on daily time frame suggest an uptrend market, And
212 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

GBPUSD TRADE ANALYSIS

royalfx
GBPUSD : ANALYSIS, using 14-RSI as a trend confirmation on daily timeframe with RSI above level 50 we could see that it is indeed an uptrend (a buying market trend). our key interest timeframe will be the 4hrs timeframe and on the above chat the red trendline shows that GBPUSD has been moving in an ideal rising wedge formation since October 26th 2023.So here let's take a look at the 2 possible outcomes. First Scenario for a Buy entry: price is currently at the previous support level and already
178 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

EXCITING OPPORTUNITY FOR CHANNEL SUBSCRIBERS!

royalfx
Join the RFX and witness your trading success firsthand! Don't just watch others cashing out, become actively part of our platform where you can both enhance your Forex knowledge and earn money effortlessly, completely FREE of charge! We've got a feast of amazing signals πŸ“Ά coming your way, and it's all on us! Click the link to join and subscribe : https://m.trading.live/en/user-royalfx Haven't got a DERIV trading account yet? Now's your golden chance to create one and embark on your journey to
117 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

EXCITING OPPORTUNITY FOR CHANNEL SUBSCRIBERS!

royalfx
Join the RFX and witness your trading success firsthand! Don't just watch others cashing out, become actively part of our platform where you can both enhance your Forex knowledge and earn money effortlessly, completely FREE of charge! We've got a feast of amazing signals πŸ“Ά coming your way, and it's all on us! Click the link to join and subscribe : https://m.trading.live/en/user-royalfx Haven't got a DERIV trading account yet? Now's your golden chance to create one and embark on your journey to
181 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

TRADING VOLUME TIPS

royalfx
KNOWING YOUR RISK πŸ’‘ Lot Sizing Tips (Money Management) : Account size of 50 usd :- High risk = 0.10 lot Mid risk = 0.05 lot Low risk = 0.01 lot Account size of 100 usd :- High risk = 0.20 lot Mid risk = 0.10 lot Low risk = 0.01 lot Account size of 200 usd :- High risk = 0.40 lot Mid risk = 0.20 lot Low risk = 0.02 lot Account size of 500 usd :- High risk = 1.00 lot Mid risk = 0.50 lot Low risk = 0.05 lot Account size of 1000 usd :- High risk = 2.00 lot Mid risk = 1.00 lot Low risk = 0.10 lot If
172 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse

Welcome to PrimePips Prodigy!

royalfx
Dear PrimePips Prodigy Members, We're delighted to have you on board in our community dedicated to mastering the Forex market, with a special focus on major currency pairs such as EUR/USD, GBP/USD, USD/JPY, and more. About PrimePips Prodigy: PrimePips Prodigy is your go-to destination for comprehensive Forex market analysis, bringing you valuable insights and strategies to navigate the complexities of major currency pairs. Our mission is to empower traders of all levels with the knowledge and ex
79 Upvotes
Comment
Add
Share
Share
Report
Why you report
Thanks for your feedback
Collapse
  • Post

  • Group

Recommended
Shuffle
About Us User Agreement Privacy Policy Risk Disclosure Partner Program Agreement Community Guidelines Help Center Feedback

Select your preferred language

We'll recommend content according to your language option.

Note: We'll recommend content according to your current language settings by default. You can change this in Setting.

Uploading 0
  • Invite Friends
    • Stay in touch!

      Subscribe to our newsletter to get the latest updates on live market analysis, trading strategies and more. You can unsubscribe anytime.

      By subscribing, you agree to Trading.live Privacy Policy.

    • Back to top