CFD Intraday Trading Strategies

[cabsell]

Hello all,

I haved just started trading CFD's using First Prudential on an intraday basis. I am experiencing mixed results. At the moment my losses outweigh my gains.

Are there any strategies that I might find useful in order to increase my profit to loss ratio in favour of the former

I have noticed in other threads discussion re: the use of Pinoccio bars and Fibonacci lines and exponential moving averages. Are these methods are valid source of indication when it comes to CFDs?

Any help would be vastly appreciated.

Cheers, C.

 

[Vaco]

cabsell,

welcome to t2w,

whats your current strategy, if you dont have one then stop trading, read some books read the forums read some more books, all the time your doing this watch your fav instrument but dont place a single trade. when you have a strategy in your head that you like the look of paper trade it for a month, if it still lokks good min bet (1 cfd) for a month. Build from there.

This is the only way you will have a strategy that will make you a profit. Using other peoples strategy just doesn't work the majority of the time.