As a postcript to my post, I think a good analogy/metaphor for trading is that you need to treat the markets like women. Treat them mean/don't be too bothered/and let them chase you. Losing position (bad date) - get the hell out of there. Be too keen (chase the market) - waste of time. Over...
Finally, after years of research, the formula for successful trading has been cracked. A few simple steps:
1. Do the opposite trade to the one you are tempted to do. Thinking about going long? Short the market.
2. Live in a house without central heating. Preferably move to Norway and live in a...
I agree bout US influence. Re. points available, etc., early morning trading seems to offer the greatest volatility and hence the greatest potential rewards. If u have the discipline to get out if the market moves against u I think it's a quick buck before breakfast. I'd rather trade at 8 than...
I have been trading the FTSE using a well known spread betting firm for about two months now. Although a novice, I have managed to make some reasonable profits. My technique is simple. After the opening of the stock exchange the FTSE seems to behave in an entirely predictable way. It shoots off...