Recent content by SybilCut

The best way to learn patterns is to actually watch your trades that you are in already. What I mean is take a simple system, whether it works or not is irrelevant. Just watch the market and the system and everything. It helps a lot when patterns are contstrained to a small piece of the...

It's just the same as buying a call and buying a put before earning: you're going to need a massive move due to the cost of doing this strategy. Guaranteed stops especially on stocks are massive in terms of spread costs, plus rollover. I did look at this though, unless you can be certain that a...

I want to let the younger generation know what mature adults probably already know too fine well. When it comes to going into something with profit potential, there is a correct mindset and a wrong mindset: 1) This person is confident, pretty happy with themselves, has an ego, high self-esteem...

IMO not a good play- the pin is just caught in the middle of a drift between the range.

Where to begin. No offense... But you haven't got a clue what you're heading into. Your mindset is completely flawed if you want to make it in trading. The way you're portraying yourself as a people's champion/Rocky of traders is going to end in tears. You're probably a nice normal guy and are...

Maybe john murphy's TA book too. It probably won't help you trade well but it will give you a good into into TA theory.

OP if there's any doubt ( and there clearly is, hence the debate in the thread) don't take a chance and just get professional advice.

Trust me you will still get hammered for managing people's money under a spreadbet account. I urge the OP to ring/email the FSA. Do not take any chances.

This would be illegal unless you're FSA registered. See Alex Hope

Meh, think I'm going to get a real job a swing on the side. Easier and means I can get some travelling done first.

It's a change in the highest bid/lowest offer combination over the weekend. Do not take these preceeding answers to heart; this would prove futile.

....Being more annoyed that you didn't know what to do in a particular situation in the market, than actually winning/losing trades? I dunno, I sometimes find this is the case; I feel like I have to know what to do, and If I make money on a trade where I 'kinda knew' ...it feels like wreckless...

Bump. I'm just getting ****ing toasted here as eurusd has gapped above my stop. Considering using guaranteed stops in the mean time for weekend trades. For those using IG index, in addition to extra spread (+3 right?) is there any extra (i.e. in addition to the existing) rollover costs? edit...

No, but you can usually tell whether they've been through particular stages in learning to trade; people who can talk the talk have at least lost with a lot of methods and thus know about them.

Yeh that's true. I think when you start you jump to conclusions quickly, and kind of make a list of rules to rote learn to trade the markets by. The rules may actually have historical backing, but over time you slowly 'understand' the rules . It's like studying A level maths, you simply...