Recent content by roy12

What do you mean by, broker going burst? I am a newbie, that's actually a good question to ask.. What would happen, would the trade not just automatically close at current price or something? What would happen?

What do you use for finding entry signals in your trading? Is simple support and resistance and looking for trend breakouts enough? What are you two cents would love to know?

Ok thanks. I was looking at a signal near the top resistance where sellers started to change the direction. I added the chart here, do you think this signal is valid? I did watch it live and it would have worked - but just wondered if any others would have used this as a signal to sell?

I have been trying to learn about support and resistance. I was following the FTSE100 index today and have tried to plot all the support and resistance levels that I can see on the chart. I have added the chart on here too: The bottom line is the support The middle line is the resistance and...

I was reading up on DMA which seems a better way to trade over OTC. But this is only available on shares, if you are trading indices like I hope too - you can’t trade DMA. Therefore, there are two options; trading OTC and knowing that you are trading with a broker or trade futures instead. If...

I was not aware of OTC and DMA until you wrote about it. I have looked it up an will try to find an DMA provider instead of OTC.

If your risking £10 per trade, what would be a good win / loss ratio? If I am risking £10 per trade, I should be trying to make £30 per trade.. would that be likely or unlikely for a new trader? Trying to work how can to calculate a win/loss percentage / ratio...

So what is the best types of trading with CFD's? I find the FTSE100 moves up and down alot through the day.. Surely a few trades through the day can net in 20-30 points? I have noticed the shares for alot of companies are slow and tend not move around alot - so your right there, this would be...

Ok, so if I am trading the FTSE100 at 5883.2 (£58.83) So my stop loss should be 5873.2 (58.73) As each point is worth £1 - this would then mean I have £10 of risk per trade, right? If I trade more then one CFD: If I was trading two CFD's then I would risk £20 (2 x £10) therefore my stop loss...

Ok thanks I understand this now. The point is worth £1 with the broker I am using. So therefore, (5800.0 - 5879.0) x amount of CFD bought. (5800.0 - 5879.0) x 2 = profit/loss

Well I have not traded Spreadco yet. I have used the demo and the spread for the FTSE100 is about 1 point - so I think that is reasonable? I think the problem is I want to trade in and out fast and take some profits and because the spreads are 1point, some shares are 1-3 points plus - it makes...

Can someone help me work out this money management: 1) First, determine what percentage of your account you are willing to lose in any one investment... Account balance × risk percentage = amount at risk So example, £500 x 0.02 = £10 2) Second, Know how to determine trade size to prevent...

Who is a good provider of CFD's in UK with no commission an tight spreads? Looking for trading FTSE100 index for small price movements. I tried a few: plus500, intertrader, saxomarkets and spreadco but was wondering your preferred provider and some reviews would be great... Another question...

Trading stocks with a small bank by the time you pay commission - you would need a massive increase in your shares to just breakeven.. you could look at trading CFD as you dont need to put the full amount of the price up just a margin. But you might have a problem with your trading times.

Why dont you try forex? Markets are open longer and you only pay spreads (normally reasonable)?