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looking to trade, need who to partner with.
अंदर
अनुभवी ट्रेडर्स
Aug 07, 2011 at 05:22
Could not agree more with MFallico...stay away from automated trading EA robots. They do not, and never will, have the capacity to replace human intuition. The only good EA is one that assists with lot size and stop-loss calculation, and manages each trade after you enter the trade manually.If you REALLY want to learn to trade, start with trading psychology (Trading In The Zone by Mark Douglas), and learn about money management and in particular, the ability of money management to ensure discipline. Once you have these subjects in the bag, then take a look at market analysis.It is a old adage ...
Opinion on system
अंदर
अनुभवी ट्रेडर्स
Aug 07, 2011 at 05:22
I agree with your thinking in general. An RSI is an RSI; a Moving Average is a Moving Average; regardless of which pair, timeframe, market being traded. The problem is that some pairs are more volatile than others and settings that work on one pair might perform miserably with another.With that said, I trade 26 currency pairs regularly, including exotics, and on many occassions I might have 14 or more pairs in play at one time, using the same strategy. My choice of strategy is a combination of Ichimoku Kinko Hyo, Heiken Ashi, and MACD. I trade 1-hour and 4-hour timeframes, depending on the par...
When to go "Live"
अंदर
नए ट्रेडरों
Aug 07, 2011 at 05:22
Definitely agree...go live quickly with low capital. Expect to blow your first account (maybe even 2nd and 3rd accounts too) before you get a grip on the psychology of trading. Suggest you read (study) Trading In The Zone by Mark Douglas as part of your education. Just Google and you'll find info. Suggest also that you get a good working understanding of money management, i.e. 2% rule, stop-loss orders, risk of ruin, etc. A great system is worthless without good money management and the right mindset.
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