If you want to fail as a trader, study TA

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A screen shot taken two minutes ago to demonstrate the effectiveness of Fibs & Pivots to all the doubters.

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Quote from Dackster:

Wow!!! Spread-betting buy and hold charts, aren't you the expert!

Hahaha!

I guess you must use your leverage to it's full advantage......NOT!

If you're making more than 15% per year i'll eat my spongebob square pants.


Keep trading for yourself, no professional outfit would touch you with a bargepole!
:(
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I have an IG Index account that I use just for the charting, it's good if you want to look at a variety of markets all in one place. And you don't even have to fund the account. :p
 
Quote from Placebo:

I have an IG Index account that I use just for the charting, it's good if you want to look at a variety of markets all in one place. And you don't even have to fund the account. :p
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Agree their, advanced charting package is totally adequate, they do charge £30 a month for it or two round trips though.

I know the whole CFD, spread-betting industry has a bad name, but it's not a bad place to learn, if you are unable or unwilling to fund a $25K PDT account, and I think IG are possibly the best of a bad lot, I've been with them over two years and haven't had any particularly bad experiences so far (fingers crossed) and I'm very active. Also their iPhone platform is pretty good, which is why I went with them in the first place.

I think with regard to matey boy's scoffing, a professional outfit's decision as to whether or not to employ a trader should be based on ability to trade and not on which broker they currently use (WTF? Why is that relevant?).
 
Quote from Fibbin-Archie:

I think with regard to matey boy's scoffing, a professional outfit's decision as to whether or not to employ a trader should be based on ability to trade and not on which broker they currently use (WTF? Why is that relevant?).
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A few people have a broker (person) they can trust to close a (trend) position intelligently.
 
Quote from LeeD:

A few people have a broker (person) they can trust to close a (trend) position intelligently.
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I use this great new invention called high speed fibre optic broadband to close it myself, why would I entrust my decisions to someone else?
 
Quote from Placebo:

I have an IG Index account that I use just for the charting, it's good if you want to look at a variety of markets all in one place. And you don't even have to fund the account. :p
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I use Tradestation - it's free as long as I trade 5000 shares a month or more.

Shurely you'd only use IG Index for charting if you weren't actually placing any trades...
 
Quote from DionysusToast:

I use Tradestation - it's free as long as I trade 5000 shares a month or more.

Shurely you'd only use IG Index for charting if you weren't actually placing any trades...
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No I don't trade with IG Index, however it's nice to have a huge range of markets to look at for free. Some of which I would have to pay a subscription for with my broker. FTSE shares for example.
I have no intention of trading UK stocks, it is however nice to have a look at them from time to time. I don't trade forex either, but I like the IG charts.

:)
 
Quote from gktk:

are the charts on IGindex the true market or rather a SB firms liberal interpretation of the market?
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Probably get the odd slip here and there but on the whole it's fairly accurate, it's "make do" until I can fund a DMA account.
 
but you'll need to swing trade with such an account rather than daytrade wouldn't you? Big spreads and stuff would make short term trading near impossible, would it not?
 
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