Recent content by coopster

Too many questions with very vague details. how you use a stop depends on your pre-defined trading strategy. Logically the stop is placed at the point where you would consider yourself incorrect in your prediction of price movement. There are no hard rules for placing stops. Its not possible...

The App is not bad. It's free or the Pro version is under $1 to buy. With the Pro version you can then put in symbols of your choice and even use the latest data but obviously then cant fast forward. There are a few more indicators too. There are limitations though: - It shows you the stock...

It doesn't matter how you set it, a "trailing stop loss" will never get hit! Sorry, couldn't resist.

Why not try writing something yourself and ask if it doesn't work. You get more respect that way. The metastock community is a better resource than the Stocks section of T2W !!

Is there much point to being in the trade at the same price in both directions at once? Surely a guaranteed order entry price just above and just below the current price does the same thing? The stop losses can be automatically set with guarantee as before. This keeps your money off the...

No tax to you as such but the losses you incur and the spreads they take are effectively their profit, which is in turn taxed. By direct trading your losses are offset against tax. Aren't there some rules about when Gambling is your main income, then it gets taxed like any other income...

That's correct. But for example in the uk, you get £6k or so tax free so you could effectively pay yourself only 6k a year for a long time and never pay tax. Obviously, this doesn't work as it costs more than that for most people to live but you get my point. 30% is a lot to pay in tax if you...

Yes you can, but if your daily earnings are good, the additional time it takes by going it alone could amount to more than the fees of the introductory service. Eg. You manage to make appointments with the right people in broken spanish but they happen to be a week apart. What do you do? I...

Think it through, your cypriot company has lots of money in the account after some successful trading which is legally not your money, it's the company's. So you decide to pay some of it to yourself as either a salary or a dividend perhaps. The country you are resident in has taxes on both of...

Is the "freedom" that you're talking about a little bit lonely? I know if i was a full-time trader, i would firstly have to make more of an effort to find a social life as many of my friends are current or former colleagues. Also when i am "free" due to being a home-trader, most of my...

Do you want help or someone to write it for you? What do you have so far? Have you tried the ESignal EFS forum?

I think my biggest mistake is thinking that trading is an escape from being unhappy with my day job. I get into trades that are more just hope or due to impatience. I feel that because i have made the time to trade, i have to trade whether its a good setup or not because tomorrow i have no...

Trading naked so you can show it to your brother? There are some wierd families out there! :p (only kidding)

Well the money was indeed life-changing, even though he never had it!

E-Signal is good but a bit pricey (for me at least) US markets about $200 a month. Yo ucan write indicators or whatever you want to customise everything is a javascript type language