How to trade GBP/AUD?

How to trade GBP/AUD?

How to trade GBP/AUD?

How to trade GBP/AUD? The GBP / AUD pair is one of my favorite Forex pairs.
GBP / AUD may not immediately be one of the easiest forex pairs to trade.
And I certainly will not recommend this pair if you have just started trading Forex.
But once you get to know this pair behavior, you can’t help but love it.

The behavior of GBP / AUD.

If you are used to trading EUR / USD you will say that on average this is a somewhat slower pair that also does not have much manipulation.
With GBP / AUD this is different and you can hardly do anything but wait for the manipulation before taking a trade.
It is a more aggressive pair that you will penalize if you take the trade too early.
But the advantage of this is that once you learn to recognize the behavior, it can also give you a lot of pips very quickly.

How to trade GBP/AUD?

How to trade GBP/AUD?

Above we see the chart of GBP / AUD on the h1 timeframe.
From the Supply we can already see that GBP / AUD breaks the baseline twice and then comes back again and closes below the baseline.
For me this would already be a good indication of a possible sell position.
Of course we also pay attention to all other signals and do not immediately take a sell position on them.
The first time the price hits the baseline, you see that the price also goes down, but then up again.
This could probably mean an SL for some traders.
Therefore, always wait with GBP / AUD first and preferably let him get a little deeper into the zone before taking a possible Sell position.
The trick with GBP / AUD is to have a lot of patience and you should absolutely not be bothered by the FOMO.
And if we look at the demand level, we actually see exactly the same thing happening.

How to trade GBP/AUD?

How to trade GBP/AUD?

In the image above I have switched to the m30 time frame, here you can recognize the possible entries even better and take them even faster.
Do you see what I mean?
To be able to see and recognize this, it is better not to have lists of forex pairs open in the beginning.
Preferably choose 3 and get to know them completely.
You often see the behavioral patterns of a specific couple very well.
And so you can learn to trade better.
The trick is not the more the better but the less the more winning trades you will eventually make.

Besides what I have now explained, you should of course pay attention to more things before taking a trade.
Do you want to know what exactly? You will learn all this in the course, but applying it will take some practice.

Do you want to become Success Supply and Demand Trader or want to know how to trade GBP/AUD?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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How to trade US30?

How to trade US30?

How to trade US30?

I am personally a big fan of trading US30 in addition to trading forex pairs.
US30 is especially nice to trade from the lows to the highs and from the highs to the lows.
Have you never traded US30 yourself?
Then it is highly recommended.
It is much less aggressive than gold, for example.
In this blog I will tell and explain a few things about trading US30.
And I hope that at the end of this blog you will understand a little more about the behavior of US30 and can apply it in your own trading.

How to trade US30?

Linechart. How to trade US30?

I’ll start with the US30 line chart in the example above.
You see how the price ranks between the 2 lines for a while.
Before US30 finally breaks out of range again.
We see this behavior very often in US30 and this is also important to take into account.

Even if you look back in the past on the chart of US30, we often see these ranging patterns.
You can often take multiple trades in such a ranging period (Buy and Sells).
This is what makes trading US30 so attractive.

M15 Chart – How to trade US30?

Above I added the chart with the candlesticks and of course the Supply and Demand zones.
Do you see how many great trades you could have taken from the Supply and Demand zones in this ranging period?
Us30 does not make as many fake outs as gold, for example, so you have to pay attention to other things than gold.
What we pay particular attention to at US30 are the possible signs of a reversal in the Supply and Demand Zones.

Again, we pay attention to a number of points before we can take a possible Sell or Buy on US30.
For example, pay attention to the volume, do you see those higher spikes when it breaks through the zone at the top and then comes back down again?
These can often be signs of a possible reversal.
Of course you check this together with a few other important points.

We see above this supply zone is another important liquidity level / line where we know that the price will probably touch it first before the price will reverse again.
This is also an important point to consider before you buy or sell.

How to trade US30?
These are just a few of the points where I am all looking out for a trade open on US30.
Many members also know how to recognize these and now use them.
Soon I will be blogging about the behavior of a specific forex pair.
Can’t wait for that?
Then start the course now and I will explain everything in detail and if you use the code ‘15% off’ you will now also get a 15% discount on the course.

Do you want to become Success Supply and Demand Trader or want to know how to handle a losing trade?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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How to trade Gold?

How to trade Gold?

Many who know me know that I love to trade gold.
I really love gold!
If you learn to trade gold in the right way, you will not want anything else I can promise you.
In this blog I will go into more detail about ‘how to trade gold’ and you may understand my love for gold at the end of this blog.

As many already know I only trade Supply and Demand and this way of trading also works extremely well on gold.

Drawing the Supply and Demand zones on gold

If you are a member of my community you now know how to draw the correct Supply and Demand Zones.
And you also know that every forex pair or gold, for example, reacts differently to the Supply and Demand zones.
We know that the behavior of gold, like GBP / JPY, for example, moves a lot more violently than for example EUR / USD.
That means that gold is more likely to fake out at the Supply and Demand Zones.
And we should certainly take this into account when we trade gold.

How to trade Gold?
Above, I took a piece from the XAU / USD chart. I have drawn a Supply zone and a Demand zone here.
As you can see in the image above, it is very unwise to get in too early with gold.
For example, at the first touch of the Supply, we see the price first go through a bit. Then the price falls back and closes below the baseline.
This is a behavior that gold often shows.
My tip is to be patient with trading gold. Truly your patience will be rewarded.
This piece of the chart is from the H1 timeframe and I advise you to also switch to the lower timeframes such as the m30 or the m15 to find a good entry on gold.

When is the right time to take a sell on gold? – How to trade Gold?

To start from the chart above and also only the h1 timeframe.
Would be the correct time to take a sell on gold if the price has come back and then closed below the baseline.
The members who have completed the course know how to draw a correct baseline.
Of course this is not the only thing we should pay attention to and you should also check the other points explained in the course to see if the trade is valid to take.
Among other things, we still have to pay attention to the right volume, what is the momentum, and the higher time frames or whether there are no other important zones in the area.
Only if this is all correct can we take a nice Sell from the Supply on gold.

How to trade Gold?

The XAU / USD chart now on the h1 timeframe.
We see that the price is now entering the Supply zone and we now have to wait and see what the price does here.
Above the Supply zone we see another Supply zone which is also clearly visible on the H4 time frame. So we have to take this into account.
There is a good chance that the price will rise further to the Supply zone above because this is also an h4 zone.
So again have patience and watch how the price develops.
Also pay close attention to the volume and the possible reversal at 1 of the 2 supply zones.

I hope that I was able to make it clear in brief how I trade gold and what you should pay attention to when trading gold.
If you want to go deeper into this subject, you can always join my course and you will learn everything about trading gold.

Do you want to become Success Supply and Demand Trader or want to know how to handle a losing trade?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

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Do Forex Traders pay tax?

Do Forex Traders pay tax?

Do Forex Traders pay tax?

Do Forex Traders also have to pay tax is the question I get very often.
My answer to that is yes also a Forex Trader pays taxes on his earned assets.
This is of course different in every country and in some countries you do not pay tax, also called a traders paradise.

  • Here is the maximum capital gains tax rate for individuals in some countries:
    -United States 37%
    -Sweden 30%
    -The Netherlands 31%
    -Germany 25%
    -Spain 23%
    -United Kingdom 20%
    -China 20%
    -Greece 15%
    -Russia 13%
    -Switzerland 0%

The rates described above are the maximum capital gain rates.
In many countries the effective tax rate on those types of earnings can be much lower, depending on the total annual income of an individual, as well as on other circumstances.
Also, a number of countries do not have a separate rate for capital gains and the tax is therefore passed on at the same rate as income tax.

How do you calculate the tax you have to pay?

We can determine this from two parts.
The first thing to do is calculate your so-called taxable income.

-In forex, this is the payouts that you have made with the winning forex trades.
Of course you can do this the hard way and calculate every trade you make yourself. It is possible but not convenient.

-Let me make it clear that you really do not have to calculate every winning trade.
No you can do this at the end of the year.
You often also receive a special tax document from your broker at the end of the year.
This makes it all a bit easier, doesn’t it?
So you can use this document for your tax return.

Capital gains and losses / Do Forex Traders pay tax?

We see that it works differently in every country when it comes to paying taxes on your earned forex capital.
Each country has its own rules and percentages.
You can obtain the best advice from your government / tax authorities.
So do this so that you will not be faced with surprises later.

Tax haven for traders.

Of course there are also countries with a very low tax rate or countries where you don’t even pay tax at all.
And let’s be honest, isn’t this a paradise for traders like you and me?
Below I will mention some more countries that are a true paradise for traders and entrepreneurs like us.

-Bahamas
If you are a resident in Bahamas, you pay no tax on your earnings at all, regardless of where you generate your income.
One striking reason behind this is that Bahamas’s earnings are from traveling and offshore industry, but does not rely much on income tax revenues like some other countries.

-Bermuda
No corporate income tax is imposed in Bermuda, resulting in less compliance burden for corporations.
Additionally, regardless of whether you are Bermuda residents or not, you are free from personal income tax and capital gains tax in Bermuda.
There is also no withholding tax levied on dividends, royalties, or payments for technical services in this country.

-The United Arab Emirates
There is no individual income tax, no withholding tax, and no foreign exchange control in the United Arab Emirates.
A 5% VAT tax rate may be applied; however, certain services and goods would be exempt from it.

-Cayman Islands
Dividends, royalties, interests are free from withholding tax in the country, and there is also no VAT tax applied.
No direct taxes would be imposed on its residents.

-Switzerland
Capital gains tax paid in Switzerland depends on whether you are categorized as a private investor or as a professional investor.
Private investors do not pay any tax.

Do you want to know exactly how much tax you pay on your forex income in your country.
The best way to find out exactly is to contact your local tax authority or government.

Do you want to become Success Supply and Demand Trader or want to know how to handle a losing trade?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

 

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