There are some tips concerning being patient in trading. The first way to potentially combat impatience is to trade smaller. I consulted with a trader who was committed to learning to trade the S&P 500 futures. His system required multiple contracts to be long-term profitable as he needed to...
It's recommended by experienced traders not to use demo for so long. You can sometimes return to demo trading in case you understand that something goes wrong or maybe something is wrong with your strategy and you require to rebuild it.
I believe the optimal amount of time which you can devote...
Slippage occurs when a trader uses market orders. Market orders are one of the order types that are used to enter or exit positions. To help eliminate or reduce slippage, traders use limit orders instead of market orders.
A limit order only fills at the price you want, or better. Unlike a market...
I can’t say that I face euphoria because even if I managed to earn on yen as its courses it was partially “compensated” by other losing trades. I wish I could feel euphoria. However, things are not so bad but I hope it all will become better.
The more I trade USD/JPY and crosses with the Japanese currencies the more l like this. The very thing that it’s beneficial for the Japanese government to devaluate its c national currency against others due to the export-oriented national economy, make it all quite predictable to trade.
I hope I will succeed in this in the next century, haha, but to tell seriously I will not be very disappointed if I fail to learn how to forecast trend reversals because I have already to used to range trading where Spider is the number one component. This time I decided to try Stochastic with...
I agree that it’s impossible to invent such an indicator. I like to work in a range. That’s where Spider works well. I should confess that reversals are still my weak point. I’m still unable to forecast them on time.
This time I tested a combination of my favorite Spider indicator and improved Stochastic. As for Spider, it worked as usual. I know that it can’t be effective all the time and many times I was it helpless when a powerful trend movement was emerging. Spider also poorly handles false breakouts.
If you want to find out more information about trading signals, then you would better try it for free. There are lots of such ones in the internet. There are some traders who trade professionally and give free signals. Howveer, this market is full of scammers, where most of traders conclude and...
Risk management is an art in the sphere of trading actually. It's kinda difficult to master this art, because it directly influences your trading style. When you master risk management practices then you have no losses. Nevertheless, it's almost impossible. Risk management practices imply only...
It's not expensive at all. You have to understand that this money which you dumped because of your mistakes in trading activity should be considered as investments. Your losses bring you much more than just money. They bring you experience. Experience is a priceless thing you know. Hence, you...
I already see that Yen doesn’t do me harm. I feel secure trading it. I can say that it’s quite predictable for me.
In addition to USD/JPY, I have recently discovered another interesting asset. It’s USD/SGD. The broker gives 1:200 for this asset and no more but it’s enough for me. I have made...