Re: Newbie341
Hi there,
I have not dipped into Binary trading as yet...good to note you are impressed with iTrade, did see some negative reviews on them
Hi Jim
I'm self taught trader and agree, I don't think trading can be "taught".
But you do need to understand the abc of taking part.
I have used IG Index City Index and many others as well.
Regards advice - you need to establish a trading/business plan.
This will be based on a belief system...
It's ok...
Everyone has their own interpretation ... so it's best to understand his version..
that he is using to scalp trade
I don't know this method..........so would confuse you with my way of looking at looking at bars
No the bars are unlimited and set by you............markets have no beginning middle or end as such, it's only us traders who create this to try and make some sense of it depending on the trading plan we make for it
Each bar (in your timeframe) compares to where you start from
So if 2nd bar closes higher than 1st bar close then that is higher then 3rd bar closes higher than 1st bar so now you have 2 bars close higher from start but it could be 3rd bar closes lower than 2nd bar
It depends on what your trading analysis method is that you are applying this to....
If it is just general... then normal assumption is the time frame you are watching
Hi Traders
Been at this since 1995 and my trading plan is based on Tom Williams V$A explanation of how supply and demand works in the stockmarket...
Basic premise is that a small group "smartmoney" :clap: about 10% control 90% of market and they "manipulate" prices to suck in the "the herd" to...
Hi Felix,
How do you plan to make £100 a day income.........do you have that worked out and have you simulated it before using real money. You will need the following skills
Trade Plan
Money Management
Self control in ways that maybe completely alien to you (the hardest part of trading)
Good luck