Recent content by outhoe

In a way, it is! But don’t you think that it fills new traders with unrealistic expectations?

It does for majors and minors of course if it helps in chart pattern recognition for exotics. That’s my latest interest area these days and finding it quite simple because of the audio and visual alert. Anyways, I’m not sure about commodities and indices.

Heard about autochartist? That’s the chart pattern software I use for scanning trading instruments and recognizing the trade set-ups depending on the S&R levels.

I’m really fed up with my broker and his hard and fast rules. He allows me to place a stop loss at a swing of 10%.

The bid-ask spreads and competitive forward rates are fairly attractive, but don’t forget you’re competing here against the sophisticated trading algorithms.

Is there any minimum deposit fee we have to pay to the broker?

Well partially true buddy. Check out with your broker regarding his margin policies and requirements and simply adjust your money and risk management accordingly. Not rocket-science here

Set your risk limit per trade and the percentage or Dollar amount you’re willing to risk for each trade. Hypothetically speaking, if you have a trading account worth $10,000, you can risk $100 per trade if the limit you use is 1%. I’d suggest you risk only this percentage for better and safe...

Mine is a different story here and learned my trading lesson the hard way. Started off with the same currency pairs full-time and realized that even after few months, these 2 pairs barely moved. Quiet surprisingly, the USD/JPY was the one that was a saving grace and provided easy money.

Good going bro!

Quitting is never a solution Paul! One should just see it as a signal to make your trading plan, and particularly your risk management plan more fool proof.

I agree with this.

Hahaha ya, and that’s not me. I have thankfully been able to see some better days because of the additional income that I’m making from trading. I wasn’t sure at first but now I can safely say that I took a good decision.

I believe we do have the option to buy inexpensive stocks using a margin, the point is whether we are willing to take the risk. Let’s not forget that apart from the 50% initial margin requirement, the FINRA requires at least 25% margin maintenance. So in case the stock prices fall below the...

Does anyone remember what happened in 2007-08, I shudder to think the number of margin calls that investors would have got.