Recent content by rnl16616

There is a lot of good information at Babypips: http://forums.babypips.com/

If you want to START small i.e. less than £1 per point then IG Index do allow you to start with smaller amounts as part of their TradeSense programme during a "training" period. This is real money trading i.e. not a demo account. Once the programme finishes then you will need to trade at least...

I would like to see cable going up from here ~20310, to continue on its long term uptrend. Long term trend is clearly up if you look at the two year [or longer] chart and last trough 19624 [Jun07] to peak 20655 [Jul07] is still in tact despite drop from 20655 to 19654 [Aug07]. As always, time...

I am long GBPUSD at just over 20300 - not looking very bright at the moment but I have high hopes :cool:

Whilst IG Index is my main platform I do not trade frequently but I have not noticed any trades yet that have had a "price improvement". However, to be honest, I am quite satisfied with the service as every price I have dealt at has been done and I cannot recall any instance of slippage. [I do...

My experience mirrors Lurkerlurker's. I find IG Index's platform better than CMC Markets, although I do prefer the news feed from CMC.

I have just opened an account with CMC Markets. It generally seems fine but temporarily yesterday afternoon the prices didn't seem to be updating at least I couldn't close out a [losing] FX trade when I wanted to. I also use IG Index and I would say I have two main observations about using those...

Suggest short GBP/CHF Sell £1 @ 24427 Stop @24477 Exit @24310

I currently use the IG Index spread betting service to trade forex [swing/position]. I would like to understand why some people choose a forex broker [fxcm, oanda, gft...] in preference over a spread betting service? Is it due to account size; tax; availability of information; price execution...

I am using IG Index for forex [swing/position trader] and I am quite happy with the service and the new PureDeal platform. However, I am considering whether I should also have a second provider [CMC Markets is my current thinking] as it seems from various older posts that most people have at...

My suggestion for a trade is: USD/CAD Sell £1 @10515 Stop @10535 Exit @10450 Well, I hope you didn't get a chance to put this trade on as it has lost already [and also a personal loss for me too :-(].

I would suggest that there are two areas to focus on: risk and stops. You need to consider that some trades you will win and some you will lose therefore you need to know how much you will risk and stop your losers before they blow your account. If you read books by people like Alexander Elder...

I am using the PureDeal platform and I quite like it. When I first started to use it I had a problem with the watchlist prices not updating. This was temporarily solved by moving between the prices and watchlist window and then sorting the markets. That problem has been solved and it doesn't do...

There are a number of ways to determine position size [equal allocation, percentage, volatility...] I would suggest that you read "Trade your way to financial freedom" by van Tharp as he goes into some detail on this topic. Personally, I like the approach based on volatility so I use: Position...

It seems like you are trading on intuition - likely to get highly variable results. If you are not keeping records about your trades [why you opened a position and then why you closed it] there is very little chance you will improve your results. I would suggest that you read...