Recent content by wonge

All I mean is even though some spreadbetting forms will give you large leverage of say up to 1:20, you don’t actually need to max out that leverage. Often I only trade with a very small proportion of that available margin. You have to understand leverage and margin though and be comfortable so...

If you’ve been trading a while and have a system that works, you could look into joining a prop trading firm. If you’re good, and can manage risk and drawdown to their standards then it’s one way of gaining access to larger tradable capital. Worth researching well though before jumping in.

I’ve never really had a problem with IG. I like them and they have a huge range of tradable instruments including many US stocks. From my experience fees are pretty good. You can setup a spread betting account of UK based and benefit from tax free trading which is a really bonus. Whilst in...

Just replying to this old thread as really keen to hear more people’s views on what time frames they trade and why. Personally, as a few others here, I prefer the daily time frame for a bunch of reasons. More quote “time” as the primary reason. Whilst this is a good one, I think there are a...

Hey! Loads of information out there. I recommend starting with something like babypips.com if you want to look at forex. You don’t need multiple screens! I manage with a single one and do just fine...

love that book too!

I like one with a fast / instant deposit (and ideally withdrawal too). Preferably that accept a credit card deposit with no fees.

I read the book must’ve been at least 20 years ago. An absolute classic. Not seen the film... Your post has made me want to dust off the book for a re-read!

Great question! There are so many but I'd probably say: 1) In my early days - risk management - i.e. risking too much per trade and/or not having a standardised approach for risk 2) Dealing with a losing streak - you can have a system that works great for a while and then a run of losing trades...

It really depends on a number of things in particular your strategy/approach, time frame you're trading and number of forex pairs you're trading, etc. So impossible to say really. The only way to tell is to back-test and demo trade to get a view on relative ROI based on the strategies you're...

Hi all! Just joined today having been a reader for a while now. I've been trading on and off for 15-20 years across a range of instruments. Look forward to sharing my experiences and learning from others too. All the best, Wonge