Hi,
First of all I'm located in timezone GMT+1 so London and New York sessions are perfect for me.
I have read and read on and off a couple of months now, books, sites and forums, and also demo-traded a little without any indicators (am just above break-even at the moment
but I'm reaching information overload.
My plan is to trade a new demo-account for a couple of months without loss before opening a micro-account ($1000).
I am biased towards technical analysis as I'm not a big on following the news of the world. I have read a bunch of trading systems on these forum as well as a lot of the rookie-posts.
All this has lead to a couple of questions:
What is currently the best system to trade when you are not using metatrader (and a newbie)?
Is it better to find a broker using metatrader, set up a system and just wait for signals?
How to trade long-term in a range-bound market? ("easy" enough in a trending)?
-Will I just don't trade or will I change pairs?
-Will I change to trading between resist/support instead?
Is it necessary to invest in 3rd party chart software like XTick etc. which usually costing an arm and a leg?
-It would be nice to be able to see back a year or two at the most?
At my job I work one week (mon-sun) and have the next week off so every other week I Would like to just have to look at the
charts a couple of times a day and in my week off I have more time to actively trade.
Is it smart to have a long term system for work-weeks and a shortterm system for weeks off or will that just become confusing? Should I stick with a long term system or just trade in my off weeks?
Thanks in advance for your input.
Thanks for a great forum.
Jesper
First of all I'm located in timezone GMT+1 so London and New York sessions are perfect for me.
I have read and read on and off a couple of months now, books, sites and forums, and also demo-traded a little without any indicators (am just above break-even at the moment
but I'm reaching information overload. My plan is to trade a new demo-account for a couple of months without loss before opening a micro-account ($1000).
I am biased towards technical analysis as I'm not a big on following the news of the world. I have read a bunch of trading systems on these forum as well as a lot of the rookie-posts.
All this has lead to a couple of questions:
What is currently the best system to trade when you are not using metatrader (and a newbie)?
Is it better to find a broker using metatrader, set up a system and just wait for signals?
How to trade long-term in a range-bound market? ("easy" enough in a trending)?
-Will I just don't trade or will I change pairs?
-Will I change to trading between resist/support instead?
Is it necessary to invest in 3rd party chart software like XTick etc. which usually costing an arm and a leg?
-It would be nice to be able to see back a year or two at the most?
At my job I work one week (mon-sun) and have the next week off so every other week I Would like to just have to look at the
charts a couple of times a day and in my week off I have more time to actively trade.
Is it smart to have a long term system for work-weeks and a shortterm system for weeks off or will that just become confusing? Should I stick with a long term system or just trade in my off weeks?
Thanks in advance for your input.
Thanks for a great forum.
Jesper
) who use their own software which as far as I can see can't scroll back in time, other than setting timeframe to weekly, which isn't very detailed in an analysis situation.