Yes have toally grasped the pips means nothing without quantification of risk now - helpful...if not essential :D.
I always understood 1pip = 1/100th point or are the two used differently?
Shares typically measure in pence or cents and currencies in 1/100th of a cent or pence (eg) hence the...
I see...i must admit scalping is a bit alien to me. From a banking background so understand market making etc but not sure how this is replicated in a PA trading environment.
I have never back calculated pips to return before (simply hadnt looked at it like that) so very insightful - thanks. His accuracy is rather good which impressed me - its just you see all the educational tips sites that have 2k+ and think "can i learn more from them".
Yes from what i hear 10k is unlikely!
Not a scalper - more a trend day trader (correct terminology?). Good money management so no more than 1% committed on any one position.
Ok
Bit of a newbie and am learning before i dive in and risk my hard earned cash. Have a friend who consistently gets 400-700 pips per month on FX/UK Stocks using trade windows of 3-7 hours. Focuses on a few good quality trades per day and hence has great success rate (70% plus).
That sounds...
Ok been reading a lot of the threads and would welcome views on what people trade and why.
Have done a little trading whilst at work but more long term positions and now thinking of day trading a little. I would rather start of by picking one area eg Forex or UK Shares and focus on one or two...
Hi….have put this elsewhere but want to appeal to newbies also.
I will shortly be launching an investment focussed website (not a forum :)) and are looking for savvy beta testers to review the product and provide some brief feedback, both novice and pro traders welcome. Testers will be rewarded...
i think from recollection that IG index give an indication of accounts they have - or certainly new accounts in the period. See their periodical investor relations
Cant give too many details away until the sight is live but the basic proposition will be to provide traders/investors with an additional value add resource. A "does what it says on the tin site"...so it wouldnt take long for a reviewer to have an opinion on it.
Hi….not sure if this is the right place to put this:confused:.
I will shortly be launching an investment focussed website (not a forum :)) and am looking for savvy beta testers to review the product and provide some brief feedback, both novice and pro traders welcome. Testers will be rewarded...