{quote} Please DON'T trust my judgement. Instead, check out whatever material is presented, and decide for yourself whether it is helpful to you, given your own personal trading philosophy, approach, goals, etc.
Is this just for forex regarding questions? I always wondered: Funds and ETFs take a management fee per year which will be calculated into the price. If I short such an instrument using what ever certificate I can find (short turbo, knock out, options or what ever) will make an equivalent win on this management fee or does it get factored out?
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Hi Kilian. It will be just regarding Forex, however I'm sure some of the techniques could be applied in other markets as well.
Apologies for my lack of communication over the past week, I've been very busy with other commitments. I will be hosting a webinar within the next 2 weeks, I will give a time within the next week. Feel free to ask anymore questions and I look forward to showing you guys what I hope will be of value to your trading knowledge.
Hi, what best indicators to use trading Gold for short time?
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I think the guy's system he was trying to sell does not work anymore he has not posted in over 2 months. To answer your question Mohamed_1983, it's not so much any indicator but learning how to read price action and on multiple time frames. Indicators are just mathematical forms of price action and lag price action.
{quote} I think the guy's system he was trying to sell does not work anymore he has not posted in over 2 months. To answer your question Mohamed_1983, it's not so much any indicator but learning how to read price action and on multiple time frames. Indicators are just mathematical forms of price action and lag price action.
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Thanks, I will keep studying the price movements daily.
Brand new to the website and looking for a few pointers so I come to this thread, hope that's okay. I've actually been trading (VERY BADLY) for about 3 years, me and a friend went in on one of the platforms and ended up losing about £500. Never the less I persisted and realised I had to learn some fundamentals before I even thought about trading again. I find forex trading extremely interesting and I hope (don't laugh) to one day make a decent living from it as my capability to work is decreasing with my health.
So I've been to babypips and I'm halfway through the schooling section and I've learned so much already! I'm really having to have some self control to not take this new found knowledge and jump straight into the market. I want to learn a bit more before I start up again (also need to save a bit more) so i'm going to start up a demo account today.
Now, what I really need help with is the drawing trend lines and where to place my Fib scale. I'm also at a loss as to what time frame of graph I should plot my support/resistance levels, my trend lines and fib scale.
Another thing, which market should i be trading on. There are a lot of currency pairs and it get's a bit confusing trying to look at them all and decide which is best to trade. I would avoid minor pairs because the spreads and margins are a bit large for me. I live in UK so I know how the GBP fairs up to other currencies so that would be an obvious chose for me but say I choose a market I'm interested in, what else do i need to look at other than economic news and technical data? I would like to point out at this stage that I'm not interested in these trading strategies that get thrown around. They may work for some but I would much prefer to make decisions based on my own analysis and research.
And finally.. what's a good trading platform to use? I used to use cityindex but i found it slow and unresponsive, clumsy and the graphs can be rather unclear and difficult to read from a novices point of view.
Any help here would be hot so thanks in advance and good luck folks!
Hello there everyone. Brand new to the website and looking for a few pointers so I come to this thread, hope that's okay. I've actually been trading (VERY BADLY) for about 3 years, me and a friend went in on one of the platforms and ended up losing about £500. Never the less I persisted and realised I had to learn some fundamentals before I even thought about trading again. I find forex trading extremely interesting and I hope (don't laugh) to one day make a decent living from it as my capability to work is decreasing with my health. So I've been...
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Hey 3conomics,
Well, my response could be a mile long to your post, so I will just give you one key. Your comment about fundamentals "Never the less I persisted and realised I had to learn some fundamentals before I even thought about trading again." Yes and no. Knowing how fundamentals effect currencies is good but it will not make you successful.
The way the market works is everything is already priced into your charts, and it is only when the economic numbers fail to meet expectations you'll see price rapidly shift directions. Also sometimes it does not matter, you can have a good news report and the market still tanks. The easy way to trade is when you see a red tagged number stay out of the market!
Hi All, I apologize if this should of gone into the commercial content forum, but I haven't put it there due to what I'm offering being free and for rookies. I've been trading for 3 years and have became a consistently successful trader over the past 6 months. I have a couple of friends that worked for FX brokers in the past and as a result feel that I've gained much insight into the in's and out's of trading, from a client and broker perspective. I've learnt many lessons, both the hard way and from watching other peoples accounts on what you should,...
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uv come a long way bro,i am trying to find discipline for a full month thats my target then i take off from there,its fun losing and recovering i hope it doesnt repeat itself again tho
Just joined this forum and i must say I'm a complete novice in trading. Would really need some background knowledge in trading as I have just begun trading with a broker.
This is brain food for newbies. Price moves in waves. The big waves --daily chart and above--have little waves or ripples on them. The ripples are what day traders trade--the big waves are what the banks trade. If you are trading a ripple against the direction of a big wave chances are you will lose. Conversely if you trade a ripple in the direction of a big wave you will notice that the big wave accelerates the ripple and chances are you will win. Seeing the waves is easy---put just about any moving average on a chart and look at it waving. The 13 ema is excellent to trade with in my opinion. Ditto the 34 ema. When the 13 ema crosses the 34 ema on any chart you are looking at a change in direction of price. If that cross is present at a longer time frame--say h4--and you notice that a cross at 15 minutes or 30 minutes agrees with the h4 cross chances are you have a winning opportunity. Notice I keep saying "chances are" because nothing is certain in forex. Use the 13 ema as stop loss. A close on the other side of the 13 ema is an exit. Then what? You wait to see if the cross is intact. If it is you reenter at a close on the side of the 13 ema in the direction of the cross. As you gain experience trading the 13/34 ema swings you will become an even better trader by using support and resistance lines on the h4 chart as a way to tell where price is"probably" headed. Hope that helps. Good luck.
Yes, I need some help. I need a better understanding how to read the news reports. What does the Actual numbers meet cuz I c them in red, green, and black. Also in negative and positive and some numbers has a letter next to them like, "B". It's hard for me to understand it they expect a bullish or bearish movement. Plz help me understand this.
Hello as i can see lot of people are introducing themselves as newbie here in this thread i thought of introducing myself also in this forum so hii once again to all my name is Pat Sarkis i am very much new to this forum but not new to this market. What i found the best in this forum site is the rookies talk very interesting...well i always consider myself as newbie because every moment new things are added to every field which you don't know doesn't matter how experienced you are so keep learning always anyways i will be looking forward to learn a lot from the respected members of this forum.
Aneah, maybe you can try babypips lessons? I find them pretty useful to get me started.
However, I also like to ask...what books about fx ppl read that is great to enhance your trading strategy and knowledge about trading?
