Hello all,
I am a new user here, but a long-time lerker :cheesy:
I've been working on a trading strategy based on fib retracements. Everything's looking great so far i.e. back tested GBPUSD over 2yrs with an average 196 pips per month. I have two concerns before I begin trading, which I hope you can help me with:
1) Is it wise to concentrate on just one currency pair and get to know it inside out, or to trade a few currency pairs?
2) For a day/position trader, is it possible to maintain an average 20% month return, bearing in mind some months maybe losers, whereas others could be big winners?
3) Is trading fib retracements reliable and has it stood the test of time?
4) I am considering using Easy2Spreadbet. Anyone had any experience with these i.e. are they a bucket shop, or legit?
Thank you so much for your time and help
This is an excellent community from the time I have been here, so keep it up
G_Jimbo
I am a new user here, but a long-time lerker :cheesy:
I've been working on a trading strategy based on fib retracements. Everything's looking great so far i.e. back tested GBPUSD over 2yrs with an average 196 pips per month. I have two concerns before I begin trading, which I hope you can help me with:
1) Is it wise to concentrate on just one currency pair and get to know it inside out, or to trade a few currency pairs?
2) For a day/position trader, is it possible to maintain an average 20% month return, bearing in mind some months maybe losers, whereas others could be big winners?
3) Is trading fib retracements reliable and has it stood the test of time?
4) I am considering using Easy2Spreadbet. Anyone had any experience with these i.e. are they a bucket shop, or legit?
Thank you so much for your time and help
This is an excellent community from the time I have been here, so keep it up
G_Jimbo
