Search results

Lately ive stopped swing trading and instead started scalping. Mainly because it fits me better since Ive less spare time now, and become too uneasy while away. So ive started scalping, where a trade would at most only last about 60 minutes, which fits me perfectly, as I only can only spend...

Ok, i might as well try it then, if it really can be done. And you might be right, that the reason why one still can be successful with technical tading migth be because supply and demand, and human psychology still exists, more or less the same way, as back in 2004 for instance. However, one...

I recently had the chance to try out the program. However, i dont feel too sure,wheter one can set up a profitable setup based on historical data. I dont assume you to reveal your strategy, only if you have managed to pull off a profitable setup based on historical data, and sebsequently...

late apex: This was a refreshihng comment-a new perspective ive never heard or read before, and I can understand its importance. However, to transform that idea into a trading plan, one ought to know the turnover that each participant is responsible for, and then on top of that, have a deep...

Nah, i was just curious, and looking into possibilities as well. And yes, im doing some trading on my own, with improving results... But did you mean any specific kind of trading like forex exchange trading, or just trading in general terms?

Maverick74: Well, it definitely seems out of reach. Im just studying economic now at a random uni. Wont come anywhere with that.

Maverick74: Thanks for clarifying that. Im going to google on it now, but do you have any spontaneous facts on what the general requirements are, to become a fx derivative trader?

This discussion is getting tedious. However, what you say is true, but some modification is needed. Fundamental is needed for long term trends, and I would say that one has to be aware of them as well, as they might interfere with your technical trading. And tecnical trading is nedeed for...

sccz97: Ok, so I should dismiss the 500k salaries that the website claims forex exchange trader earns after 5 years of experience , or draw the conclusions that there is a huge salary gap between USA and UK? The big picture: Yeah, i guess that if you are going to get paid 500 000 dollar a...

CIting "He may spend up to 80 percent of the day on the telephone and working at his computer" http://www.princetonreview.com/cte/profiles/dayInLife.asp?careerID=70 And they subsequently write that it is a very hectic job(which it naturally should be, if one has to talk 80% throghout...

Lon Eagle: Well, your facts dont seem to be in line with the ones just mentioned. Either you are just one of those unlucky ones or maybe the profession has higher salaries nowadays. Or the worst: A highly skilled trader, might just earn £16k in a year.

Out of curiousity i googled it and found these facts: # of people in profession: 8,500 Average hours per week: 45 Average starting salary: $80,000 Average salary after 5 years: $500,000 Average salary after 10 to 15 years: $1,100,000...

Im just wondering what profits proffesionals usually achieve in the forex market? Not in terms of pips, but rather in percentage(annual return on investment) Do the professionals for example just achieve 25% in return on their investment? I do however understand that this isnt an easy...

I currently have the broker forex.com as my broker.However, the pip spread on eurusd is 3. Ive read that there are brokers with only 2 pip spreads. And all in all, is forex any good by the way? Which broker is best in terms of: pip spread platform( ease of use) tecniqal indicators that...

I would appreciate some opinions on this trading strategy.

Its going to be hard to explain my seemingly very profitable trading strategy, that im going to explain now. Take a look at this chart: http://www.chartflow.com/chartserver/Images/GS4885.png Do you see that there are 6 lines in it? Im going to use them to facilitate my illustration. For...

But how big can gaps be? More than 40 pips?

But if you fill the order 10 min before an announcement? Or 20 min, if you are sure it wont hit your stop loss before the announcement is made. And since my order is filled, my broker has to liquadate my position when my limit point is reached. Isnt there any here who have tried this...

Well Ive already tried it on a demo account and it does work. But I dont want to try it on a real account, as im sure there was something fishy about this, since it is too good to be true.

But does the slippage really ruin the whole strategy?