Recent content by Bobsurbull

Factors I consider to be key are: 1) Risk tolerance as measured by the performance of equity markets. If the Dow, Nasdaq & S&P 500 finish higher, followed by a rise in the Nikkei and Hang Seng, then the mood going into the European open is generally positive, which is usually bad new for the...

Hi Bill, I had not seen that site before, so it made me chuckle. But we should recognise that many traders have a habit of putting bad trading experiences and monetary losses at the door of the broker, when often they should be looking closer to home. The heartless broker may advertise 100:1...

One should be very suspicious of a primary brokerage firm or FCM that runs managed accounts. Many primary brokerage firms stand accused of dealing directly against their clients, because on the law of averages their client base loses and what their clients lose to the market, they then stand to...

That Thomson's hub calendar is a bit cluttered though. Difficult to see the wood from the trees and I prefer to see the actual data posted on the day calendar after it is released because we can't all be watching for every piece of data. The news section is also too cluttered and looks to be...

Trading success depends on may factors , but in general it will take 3-4 years to earn a living from it. Many successful money managers today will have screwed up previously and have possibly lost plenty of money along the way, for previous employers and clients. The current market behaviour is...

I learned through a number of factors: 1) I lost money on my own trading when setting out - not a huge amount but enough for me to take notice. 2) I lost a lot of money through a managed account (an expert traded it). I learned invaluable lessons from this about how everything comes down to...

Most new daytraders and spreadbetters lose their money. This is an essential fact and indeed a valuable lesson. In my experience tight stops only work on major support/resistance lines that are technically proven. When market conditions do not favour range-trading (as per most of this year) and...