Trading Forex is so common now days. A lot of people have tried it, most of them quit, some of them still going and a lot more people will try it in the nearest feature. This community aims to help each other not to be fooled by forex companies 'gurus'. Lets share and discuss Trading ideas, educational material, tools, etc.
Forex Trading System: OHLC data or Order Book data to train models?
I am trying to do some prelim research on writing a trading system for forex. Trying to understand what type of data should I train models on? The question is that trades are basically set on asks and bids, wouldn't the model be more accurate with order book data? Also looking for recommendations for Forex data platforms API along with a broker that supports API order creation.
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I'm sure everyone sees a lot of Forex traders on social media (especially IG and Twitter), marketing forex trading and trying to get people to join them. Why do they do that? I can't imagine it's a pyramid scheme because how would that even work with forex trading? But yeah... just curious as to why they spend so much time trying to get people to join them.
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