Recent content by richardbradley

Different traders would come up with different answers on the basis of what works for them. I have recently invested in Shanghai Composite (China).

That’s what you do with every asset you trade. Buy it at a low price and sell it at a higher price. That’s how you make profits.

Can anyone here help me by suggesting how I could read the MACD signal?

It does actually. But the broker you’re trading with must be having a forex stats page with tools to calculate the pip value of different currencies. My brokers for instance fxpro and fxview have good pip value calculator. I even tried using pepperstone’s calculator, but found it quite...

Determining the pip risk is also an option. It’s one thing if you set the same pip risk for each trade. But you can also try adjusting the stop loss according to the market conditions, your pip risk may vary too. This is one strategy that I use because when you know the pip risk; calculating...

Maybe for scalping there can be some good strategies and some not so good ones. We have to make our own best strategy by taking inspiration from them.

Stop trading for a while and backtest your strategy. If everything goes well then you should go back to trading. There is no harm to reconcile your efforts you are putting in for your trades.

I agree that MetaTrader has a few lags. But I still use it for trading.

I don’t understand how to know if the limits aren’t based on the closed price.