I have come across a publication called Investors Business Daily. It looks great and has some information I have interpreted as being useful. The reviews I found are pretty good too but I have only been learning about trading for 6 months so what I interpret as good may actually be crap.
Has...
Im looking for some news sites to keep up with the latest on the nasdaq and the nyse. Also are there sites where i can see what predictions analysts are making about the stocks? On investopedia i saw that they stated about analysts making predictions about certain stock, is there a certain site...
I'm looking to keep up to date with commodities and would like to know of some good sites to keep an eye on for the latest news. Mainly on gold and oil but i will probably also read about silver. Also i read something about analysts predicted the price of oil to drop to $10 a barrel, where can i...
I am using admiral markets practice account to trade silver and gold and the gold option is Gold spot (100 oz) vs US Dollar. Probably a really stupid question but what does it mean by spot?
Okay I kind of understand. Is there any resources you could recommend to me so that I can learn it all further?
Thanks for your help so far, appreciate it.
Okay I see, so how do you decide what a retracement point is? Is it when the market is in a stair step pattern like in the picture you posted. But then how can you tell when the market has hit it peaks or its low.
Okay what time periods do you use on your MAs? I have also traded with them on my practice account using 50, 100 and 200 but couldn't work out points of entry. Do you then work out the S/R price ranges and enter when one is breached?
I am on a practice account using $3000 and have no intentions of using real money till I understand the ins and outs of everything possible. I will also most probably only start with a small amount like £500.
So basically make sure my stoploss is at a point where I will lose no more than 1 - 2%? By spike safety nets I assume you mean a random buy/sell of that couldn't be predicted right?
Am yet to develop a strategy i'm learning indicators to find out which ones work well with each other and suit...
Okay so would you recommend using MACD in conjunction with RSI for the TA? I have learnt them both although they are both oscillators and I'm not sure if its a good combination. Instead of a take profit then I can just adjust the stop loss as the position I am holding increases in profit.