Hot Features
Premium
Register to chat with like-minded investors on our interactive forums.
A trading coach can really make a big difference, provided the coach is also a successful trader. You can give only what you have. There are some who teach, but who can’t trade. This industry is full of too many online ‘professionals’ who can’t trade successfully on their own.
The uses for Moving Averages vary. It can be used as a trend confirming tool. It can be used in MAs crossover strategies, and it can be used to pinpoint pullbacks in the markets. The rising equity curve is attractive and the strategy certainly makes profits. I, however, wonder if this is something to be dependent on, first as a reality, second, as something that would continue to happen in the months and years to come. – May 16
Less experienced traders tend to move towards small time frames, while more experienced traders usually move towards bigger time frames. The more experienced you’re, the longer you trade and you hover between swing and position trading styles. In a day you may target 20 – 30 pips, only to sustain losses. I still wonder why some can be fooled into thinking that they can make a predetermined amount of profits per day. In a market where no-one can predict with an utmost certainty. – May 15
The basic, simplest, most popular and most effective money management is stop loss. Without it being incorporated into other money management and risk management rules, those rules are ineffectual. Unfortunately I know nothing about poker, but I know that the principles that are used in playing poker can be applied to trading successfully. I usually use leverage of 1:100 and I can use 1:500 and 1:1000: yet I know how not to risk more than 0.5 percent of my account per trade. – May 16
Oversold and overbought strategies do well in choppy or sideways markets, but they fail when the markets are in a strong trending mode. When the markets are in a strong trending mode, resistance and support levels are cut through as if a hot knife cuts through butter. – May 19
Ground-breaking lessons from expert traders: http://www.harriman-house.com/experttraders
