I was always naughty in class
Pity you have not more time, as I have loads of questions about the intricate workings of finance.
Cheers.
very new in trading....
- Thread starter markmark1983
- Start date
I was always naughty in class
Pity you have not more time, as I have loads of questions about the intricate workings of finance.
Cheers.
I was always naughty in class
Pity you have not more time, as I have loads of questions about the intricate workings of finance.
Cheers.
View attachment 172813
Sorry, but I only spend time on things I am interested in .
COT is weekly. Although you may get an idea of which side (long or short) that more informed traders are on , they only reflect the past information.
But past info could be still useful because a trend could continue because either traders are herding (e.g. mutual fund) or they split a large trade into small pieces to reduce the price impact (e.g. hedge fund) (and this way they can avoid destabilising the market).
A number of studies show that order flow info (net position) has predictive power so I rely on order flow in the intraday trading. But you still need to know the intrinsic value otherwise you would be ended up drawing irrelevant lines on the chart to predict the next movement without even having a valid reason.
On the top of that, Risk mgmt plays significant role in fixing the loss thereby minimising the loss. If one uses static stop loss, in my opinion, you are break-even at the best or not making money consistently. Since prices are not fixed, you need to come up with something that's also floating in correspondence to the floating price to hedge price risk.
It can be a good idea to try and gauge what those with the money are currently doing.
Static stops. If you mean it can be a bad decision to place a static mechanical stop at a specific level, and leave it there until it gets hit, then that can be a real costly decision.
Short term trading can be done better with no mechanical stops, providing you can read charts correctly and are able to react to what is happening.
I have seen traders make good money, consistently, with nothing but a bar chart!
I suppose it is all relative..your objective, your trading capital, your available time, your chosen market/s, and last but not least, your trading experiences!
At the end of the day, there is only one figure that really matters
Anyway, it is very interesting to try and understand how the financial markets operate, if nothing else it keeps the mind active, which is a good thing as the golden era approaches!
Skippy i am not sure what the fine print is saying but those headlines are saying somebody isn't reporting something! Lol
First, demo account are really worthwhile but it will always depend on your broker if they'll give you the best most of out of it.
Second, having a 1000 USD is so big for your trading. In my brokerage, itrader . com I justr used 250 USD.
I also from an ASEAN country but Singapore is the best country to do trading compare to my country. Based on my experience with a little capital, I recommend you to open an demo/ live account with retail broker MT4 ( Oanda, FX pro, GKFX, IG, FXCM etc...) I know FXpro and GKFX you can trade future commodities , USA stock, EUR stock and index. It is free when inactivity in your account
L
lovethetrade
A trading career is high risk. A similar amount of effort applied to some other career path, entreprenuerism, business ventures etc will most likely bank you millions. There is no guarantee you will even make money trading after years of hard work, it doesn't get much higher risk than that. Unless you have some type of advantage within industry or you're capable of cracking the code, your effort will be better served elsewhere.
I am aware that is high risk , i am aware that there is no guarantee of success , but I believe there is no harm in trying it while you know the risk and what you are getting it to...I believe that everything starts with small steps ...learn and eventually feel more comfortable...babies don't just become enterpreneur the next day, it will take time , it will take patience, it will take the right kind of mindset and attitude , I am reaching out because I am new , and so far I appreciate of all the response here in the thread , i know that trading does not guarantee success , and i treat as I am going to war ...i need to have tools, the strategy, the plan , the action and how to manage and minimize my loss and I need it to put it to action one day. Its better to have tried it, rather than sitting back one day and thinking I should have tried that