MAs

[cristi71000]

Hi,

I am new with trading, in fact, 2 days old. Luckyly, or unluckyly enough, I made some profit straigt away (more than doubled my money), based only on the principle that "what goes down must come up" and viceversa. Obviously, got overconfident and lost more than I made a day later. I realise this is normal.
Questions:
1. I suspect the MAs on the chart are some kind of statistical average. Can anyone explain exactly how they should be used?
2. What is a doji line, I saw that they represent something to be taken into account?

Thanks,
Cristian

 

[c6ackp]

Hi Christian

To find out more, simply google for these terms (moving average, doji, candlestick chart).

Also read all the knowledge lab articles on T2W.

Don't get carried away with your live a/c: you need to realise that profitable, consistent trading takes a while to develop.

"what goes down must come up" - this is true, but timing is everything. Betting against a trend, trying to pick the turning point, is a major source of income for spreadbetting companies.

Have fun with it
Steve