Recent content by Jbat001

Absolutely. Trending markets are great for systems which employ MA crossovers. They tend to bleed money horrendously when markets are rangebound.

These signal providers make it very clear that they are not providing advice. In most cases, if you are selling an investment system, making any kind of advice recommendation on a system, or in any way trading for anyone else, you will need to be regulated. Trading for someone else makes you a...

Eh? Nobody (and I mean nobody apart from God himself) can engineer a run of 20 consecutive trades and lose none of them. That's not even close to being realistic. If you win 12 out of 20 trades you can consider it a good period. They key lies in limiting your losses on the losing trades and...

Greeatings davidc123 - you're in the sort of position I want to be in! I'm 28, wanting to trade my own account, and trying to accumulate enough capital to support myself for a long stretch while running my own account. I know how much money i'll need, and I've got my trading strategy sorted...

Hello Prashant - welcome to T2W. I'm somewhat confused - if your profitability and accuracy is that good, why would you want to work for anybody else? Can you not pull together enough capital to trade your strategies on your own account and keep the profits for yourself?

Having painstakingly (sometimes agonisingly) built a mechanical system that trades the Dax over the last 4 years, I can absolutely promise you that it is posible to make money consistently using mechanical systems. In my case, an average so far of 3,000 pips per year. It can be done - the best...

All stops are non-guaranteed. CS don't (as yet) offer guaranteed stops, and may never do so. IG index do, but you end up paying a wider spread as a result. It looks like the market may have gapped below your stop level, and in which case, the stop would have been filled at the next available...

Don't get me wrong - I think IB is a highly respectable (as well as obviously lucrative) profession. That one trader you cite will be minted,as will many of his contemporaries. Holding up that example though is a bit like looking at the salaries of Premiership footballers as representative of...

I'm quite enjoying playing devil's advocate here, so I'm going to continue.... :evil: :cheesy: 4 years working as an analyst is a long time, and doubly so in finance. In that time, you could probably not only thoroughly educate yourself in your craft, but also be trading a decent profit on your...

There are too many unknowns at the moment, and a nice outbreak of porcine flu would send already jittery markets all over the shop. I see the airlines are already taking a battering off the back of it - down 10% today already. I trade emerging market indices, and they don't trade even 24 hours...

Again, depends what you're after. If you want to scalp for a living, spreadbetting is a worthless platform - totally unsuited. However, if you want to swing trade, it's great, and has the advantage of being tax free. Seeing as Alistair Darling has just hiked the top tax band to 50%, the...

It's true - Monday to Friday you can take your pick. It's the fact that you have an obligatory holiday on Saturday-Sunday whether you like it or not. Actually, it's not the not being able to trade, its more not knowing whether the market will gap up or down on the next open. Trading FX is not...

Oh no. Then you'll get the usual crap question from someone - "Tell us something funny then?". That's not easy even for a genuine standup artist, and it would bore the t1ts off me constantly being asked to do it.

Good man - did you run in the Great North Run 2008? I was there myself, though being somewhat lardy, I finished in 2:23:48! Why do you want to trade? I went to Leicester university. If I knew then what I know now about how the markets work, I would have put much more gusto into the idea of...

Not at all feel like this quite a bit of the time! If you've had a really good week, you can't wait for the market to re-open. Having said that, 7 day trading would be brutal - I'm glad it's only 5 days when it really comes down to it! :cheesy: