have any one better idea's for trading business please share here...

Forextrader2361

Newbie
4 0
i don't prefer to sit all time in front of computer.....so just 1-2 good trades a day is all really looking for.
Anyone want to share?
Also any nadex traders here?
 

WklyOptions

Well-known member
269 24
limited time trading ----> focus on scheduled events

Forextrader2361,

If you have limited time to trade and/or wish not to be sitting in front of the trading screens - then consider focusing on the following trading/scalping ideas:

1. Focus on trading events/periods where there is significant increased trading volume and volatility.
2. Idea A ----> focus on scheduled News/Reports release times/dates that best fit your trading time availability. There are plenty of "red folder" News/Reports per week to trade around.
3. Idea B ----> focus on breakout trades around Opening Sessions (Asian, London, NYSE).

There are plenty of ideas and trading applications here in T2W on (2) and (3) above. You just have to dig deeper. Also some ideas available on You-Tube (but don't assume any are winning trading methods). You should do the work - define and research your own EDGE above.

We know of plenty of FX traders focused on (2), (3) - able to really limit trading times around these and do pretty well overall.

Note: Look at NFP report 0830am NY on Fri, 08.05.2016 ----> easily should take out at least (+20 pips) to (+40 pips) in profits. Aggressive FX traders often can take out (+50 pips) to (+100 pips) on NFP days. And these happen every month.

Then study FOMC mtg days. Then study Central Bank report days for GBP, AUD, JPY, NZD. What above Dairy report for NZD? Again - just many good scheduled News/Events per week to scalp around (and not require long screen-trading times).

Finally - I do enjoy trading Nadex considerably - focusing on M5 forex bars, and also focusing on the 2-hr Nadex expiry.

However - trading binary options (even on Nadex) is not a hot topic for T2W traders and members in general. So will limit discussion here. You can always feel free to PM me if you have any ideas you like to discuss.

Good luck - ask away as often as possible. Tons of good traders and members here in T2W more than happy to hep and give input!

Regards,

WklyOptions
 

sminicooper

Experienced member
1,148 326
Unless you're irrevocably committed to forex then you could try swing/trend trading. Check your trades and the market at around open/midway/close and on some days when you're fully loaded you won't even need to open or close a trade. You can make plenty of money this way. There is more to life than spending all day watching the screen.
 

WklyOptions

Well-known member
269 24
ForexTrader2361,

FYI - this mng's Non Farm Payroll report - released 0830am NY produced a nice (+40 pips) profit. Aggressive traders would have been able to go for (+60 pips). However - I scalp for (+40 pips) x 5 std lots.

There are at least 6-12 highly volatile and highly liquid post-report trading price action per month.

These should be more than sufficient to provide any FX trader that elects to focus on scheduled News Reports.

Regards,

WklyOptions
 

tomorton

Legendary member
7,369 995
Learning how to manage trading is very difficult and daytrading doesn't give you time. You need time to live with each trade, so you can understand the things the market might possibly do and how you might feel and react. You need time to understand how a run of losing trades or winning trades or random outcomes will affect your trading.

Daytrading won't give you time within each trade, and will probably blow up your account before you've had time to understand the game. As someone else here said, its like getting into a racing car: and that's no way to learn how to drive.
 

tomorton

Legendary member
7,369 995
There's always the nagging question - if someone has a winning trading system, why do they need to sell it?
 

Pat494

Legendary member
13,843 1,399
I recently started trading NADEX binary options. It takes more patience and discipline than forex but it can be profitable.

Peter
Who or what is nadex ?
 

wackypete2

Legendary member
10,210 2,045
Who or what is nadex ?
North American Derivatives EXchange

It's a direct access Binary Options platform (Exchange) that is approved for US traders.
There is NO brokerage so no firm cheating you. Traders provide their own bids and offers. Marker makers are for liquidity.

Peter
 

Pat494

Legendary member
13,843 1,399
North American Derivatives EXchange

It's a direct access Binary Options platform (Exchange) that is approved for US traders.
There is NO brokerage so no firm cheating you. Traders provide their own bids and offers. Marker makers are for liquidity.

Peter
Thanks, I will have a look.
 

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