I'm only really any good at the intraday timescales, and only really consistently profitable with index futures (just about breaking-even with FX) but if you want a few pointers in this area just PM me.
You may just be having a bad patch but I sense (in a polite, non-egotistical way
) that you could do with a bit of help.
Ben
yes mate ........same here !!
If you need help give us a shout, I'm no hot shot but i learnt hoe to trade at university too.....
I remember getting a student loan out in my 2nd year and using it to trade vodafone shares, then in the 2nd year i learnt about CFD's and then there was no stopping me!!
I lost all my student loan going long on BT shares 4,000 contracts.....£40 per pernny!!
absolute idiot back then but then you learn..........
stick to this basic rule and i promise you will see success straight away!!
stop loss - stick to it religiously and never amend it unless you have made profit in the same day !!
FTSE - stop loss alway 25-30 points
DAX - stop loss always 25 -30 points
DOW Jones stop loss always 40 points!!
seriously just try it and watch the difference...........
open your position and just turn your PC off ............
that way your capital will last longer, rather than blowing it 50% in one trade......slowly but surely as you learn from your mistake you will get better and better I promise you!!
you will pick up chart patterns and psychological pivot points!!
