Recent content by TraderCL

Well I should say I was not surprised by the reaction of Sterling, on the 29th June, I posted on my blog the following [link removed], emphasising the need for a massive devaluation of Cable, if we are to compete against a strong European export market. Carney clearly echoed this yesterday, as...

Market moves based on fundamental drivers take time. People participate in FX for different reasons, for e.g. Options hedging. So it is likely to keep declining after all risks have been eliminated. Remember we sold at 1.5000 so it has already fallen significantly.

Most people are sceptical about courses. If we take some of the more porpular names in trading, they really have no interest in teaching, they merely want your cash. So they sell a life style of fast cars and women and riches. In truth most professional traders have a modest income, the caveat...

Hi big Willy! Lol!! I am not one for recommending brokers, as middlemen they add more inefficiency than help but that being said, there is no harm in looking at different alternatives. I use DeGiro for equities, they are cheap and technologically good. They expanded to the UK I switched...

Well most people won't trade at all but you could do an Option trade, unfortunately most retail traders don't have access to Interbank Options. There is however, for those interested a company set-up by the likes of Professor Brenner's daughter. In case you don't know who Prof Brenner is he is...

This is not a bad idea at all, it is quite smart to track areas of possible unfilled orders, the price reaction will be rather minimal as it is the left over order pool of missed orders but I guess it is an edge if you are scalping. The beauty about the market is, there is no wrong or right way...

This debate is really difficult and till now I have no idea how to vote. I have worked with Germans professionally and if the out vote says they want to economically strangle Europe I believe it. That said, I know that this debate has shifted from EU to human rights to Muslims. This tells me...

Brokers are like estate agents. They get the job done but they are self interested. So you can't trust them in that respect. Ask for reports etc. They won't steal your money as European legislation prevents it. Some people are scared of Cypriot brokers but it makes no difference in fact the FCA...

To be honest bonus does not matter, low spreads don't really exist as there is always a hidden mark up when you close the trade. So I say just focus on how you can get around them.

Sorry Old boy, there are lots of these around stocks. Have you not seen boiler room or Wolf of wall street. These are worthless companies that most likely end up tanking once the stock is bought. These tricks are really old. It is a shame but if you want to buy a stock you should not buy it...

Someone put a serious bid on perhaps someone betting on the long side of Brexit? Well, London was eager to recover like nothing happen. What next? So where did you get out in the end because this guy went back to 1.4380.

Hey, interesting thread but not everyone is complaining. Most people have very little market knowledge so are not likely to ever succeed. It is not even a question of asset they trade. All assets if they can be bought ir sold have profit potential. Currency is highly leveraged so to most people...

I finally found a use for trading view. :) https://www.tradingview.com/x/5hfq25kU/ Here is an example of how volume plays out. It takes a while to get the hang of it but it is a simple way to approach analysis. It is one of many checks I make before deciding on a trade. Futures do report real...

Talking about automation, Barclays I hear replaced cashiers in a branch my wife went to, there are just machines now. I guess that's the future. :)

NFP was probably the smoke screen needed for someone to drop a bomb shell that will no doubt ripple right through to Brexit.