Posts Tagged daytrade
A friend of mine sent me this, I hope it's not copyright but if it is, please let me know so that I can remove it. It is a file with 80 lessons in Forex trading.
There are a bunch of really useful lessons especially for someone new to the Forex markets. A good trader always keeps his mind open so even for the seasoned trader, there maybe something useful for you.
Click the link below to download:
http://depositfiles.com/files/d7lvxrog4
(Sorry there is an annoying timer until you
June 17, 2010
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So, as per my previous post, I mentioned that I did trade. I like breakouts so this is very similar to what I was doing before except that rather than taking the low and the high between 4 - 7am UK time, I am taking the low and high of a much higher time frame... 9pm to 9am. I then do the same thing, buy when the upper barrier is breached or sell if the lower barrier is breached. The target is the size of the band and the stop loss is the other side of the range. I wouldn't trade though if the
June 9, 2010
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So, after a period of losing trades, I decided not to trade the system today. However, to see how well it fares regardless of whether I trade it or not, I want to still continue to follow it. In trending markets, I suspect that it works rather well but when the markets are a bit uncertain, is when I don't do so well. If I can figure out when to not trade the markets, then I can continue with the system.. I do like it's simplicity and the fact that it's fire and forget.
Anyway, I didn't trade
June 9, 2010
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