Recent content by elizabethf

I think this Ebook might help you get started with forex. It goes like, 50 Successful Trader's Habits. You'll find it easily online.

@Neal post determining the trade size and the pip value with either of my brokers (fxview, fxpro) I simply set my trade with a strong 1:2 risk reward ratio. I suppose there’s no difference here. None that I have seen.

Don’t forget that it’s the largest market cap German companies that are backing the DAX. I won’t be wrong to compare DAX to the Dow Jonas Industrials Average rather than S&P 500.

I’ve been setting a static 50 pip stop loss with a static 100 pip limit. My question here is what does 50 pip stop mean in both volatile and quiet markets? I mean, whether there will be any difference?

Go for CFDs. These are the best for indices and make you profit from the rising and falling prices.

So how many pips do you think should the stop loss be?

Yep, tighter the spread, fewer pips will be required to trade in profit. I usually scalp with fxview and fxpro because of their graphs, technical indicators, and pips. Is there any other broker offering better scalping tools or I should stick with these?

Yeah, I suppose you can create the robots directly from the charts as well as create personalized indicators too.

Well @Mark I hardly think there’s any difference between these two except for the fact that there’s a limit on the price at which they’ll execute.

Combine the price action with the short-term moving average crossover signal. There’ll be less false trading signals.

Go for the back testing if you wish. Keep focusing on the key performance metrics like the profitable percentage, the net profit on average trade, and always aim for a realistic success rate.

I’m not denying the importance here but let’s not forget that even a short-term fluctuation in your stock’s price could easily activate the stop price.

Me too and one of the reasons is that I just don’t believe in the look-ahead bias.

Quite important I would say. You get to learn trend analysis, chart patterns, candlesticks and various other things that are important for trading. See if you want to be able to make any profits from it, you’ll have to follow the required path of learning. It is better to only begin with it if...

I learned technical analysis by watching some videos too and turned out fine for me. Got better at predicting the time for entry and exit.