Recent content by SimpleTrader09

Interesting to read some comments that this is too hard. It isn't hard at all. Personally I would expec there to be aroud 50-100 winners of this comp, each getting 1,000-2,000 while the others who tried number more than 50-100 and lost more than 1-2000 and generally gave worldspreads some free...

Put some more money in your account and double up again

Over how many weeks are those stats trader Dante and what stop size and entry point are you using for that?

Yes this is good as long as you have the discipline to exit, and that you tighten that stop or are out before big news is about to break. Personally I decided that for me it was better to exit half as soon as it doesn't appear to be working for a small loss an then leave the stop in and if the...

Very interesting discussion. I do tend to agree with a lot of TradeNumber7's points that FXCM are being somewhat misleading. However, in this day and age, it seems standard to exaggerate what you're offering and then cover your ass in the small print. I am curious about your maths on volume...

I've read that the Forex market is huge in comparison to the stock market, and so I looked on FXCM at the market depth and it is actually surprisingly small. The market depth shows the tight bid ask spread with only a million in terms of size on the bid ask, equivalent to about £60 per point say...

Need to know how you trade to give some feedback on it.

You should mind losing 500 notes. Without a strategy, you will lose the 500 and probably only learn that you have no strategy. You're right that trading with money will teach you the psychological side of it. But that comes next. First learn about trading and decide your trading plan. That...

When I first read averaging down, I didn't realise you meant scaling in. To me they are two different things. You can scale in as price is moving in your favour or as price is moving against you or even at the same price, but when you average down, I assume you're adding money to a position that...

You do realise that in an hour there are 60, 1 min bars don't you? That would mean that if you looked at the 1 min bars, you would have all the information that someone looking at a 1 hour bar has AND you would have extra information that they don't have. Nonsense. It is tradeable with a...

The thing I don't get about averaging down is this: Could you not just get out of that first losing position, and re-enter at a better price accounting for the spread? The spread will probably only cost you a few pips. So from that losing position, you only need it to go down a few pips or...