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Anton is 90% correct. Day-trading is a loser for 90% of the people for whom that is their first type of trading. Good enough for me. On a wider perspective, maybe there is a growing back-lash against day-trading now that the EU-regulated brokers must publish verifiable data on how many of their...

Very succinct and correct. It leads to the classification of trades as either - 1. buy - because price has been going down or 2, buy - because price has been going up

The simplest form of TA is the observation that price has been moving in the same direction. This can be seen represented on a chart as a trend. The most likely next action of price within an established trend is continuation of the trend. This immediately gives an edge above random market...

I generally look for a daily forex chart on which the MA's form up as described. Then find a chart as above but on which today's daily range shows a high which is lower than yesterday's. Note the price marking this high and set a buy order at or slightly above this price. Then go off and read a...

So if then short-term trading is not the aim, would not an index ETF be a better long-term investment?

Never heard of these. Is there leverage available?

As ever I recommend trend-following as the simplest, objective, high-probability approach. This approach is helped, though not driven, by 1 or 2 MA's. I'm sure I've posted this before - an uptrend is e.g. a 20EMA above a 50EMA and both sloping upwards. Enter on the breach the next day of any...

Is it possible that 3 is a couple too many?

I posted on another site that I believe I could make money using the last 3 daily candlesticks plus the 20EMA. So I guess you know where my vote here has been cast.

Your English is good. It is very difficult to learn to trade and to use TA well in order to make a profit through day-trading, where orthodox TA tends to be less reliable anyway. Better to become a good long-term trader using TA, then move to short-term intra-day trades if you wish. Start with...

So where's the opportunity to make money?

There's no such place as heaven, but I intend to help the less well-off by spending every past penny I have. Nothing will be left in my last will and testament.

2020 has to be spent in a transitionary state, whereby the UK and EU trade under existing arrangements. By the end of the year, so much capital is tied up in EU/UK trade that some kind of deal will be forthcoming, even if its only a 3-year or 5-year treaty. It has to be worse than EU membership...

Vote was to confirm next step towards law confirming the UK will leave the EU on 31/01. Today's date for the vote was announced already and the government has a majority in the House of Commons so there was no real way this could have been stopped. Probably therefore today's vote will have no...

Yes I aim for 1%.

I only trade off daily charts, I never never open shorter time-frame charts. I set a SL which is commonly 2ATR20 behind price and almost never gets hit. However, I commonly exit manually as we approach the daily close or just after it on signs of weakness of trend, long before the 2ATR20 price...

If its a strong trend,like the Dow, any weakness such as a lower close or a lower high: alternatively, second (or occasionally third) consecutive higher close. If in a trend but not such a strong feature, sometimes the reversal of slope of the 20EMA. Sometimes, in forex, an increased weakness...

I don't log hold period, it isn't important enough to do so. But varies I suppose from 1 day to 15.

This whole issue is about as meaningful and constructive as the unending stream of threads that ask if trading is really gambling.

I use various MA's as my only technical indicator. They never tell me when to get into a trade but they do indicate which positions I should be in. They are a set-up signal, not an entry signal. Occasionally one tells me I'm still in a trade which at this point I would not normally enter - that...