This will be the same if you ask if someone likes pizza. Some will say yes and some no because each one have their all taste and point of view of what is “good”. Most of all they day good is making lot of money, seem correct but not enough. I will say there are 5 level from good to great. Trade not effectively and even dont know why bad trades happen. Know that something is missing and try to learn, looking for better trading method but still not making money. Know several method to trade but still not make […]Read more »
I think it does the opposite. Strong dollar mean you need to spend more your local currency to buy it. Let say yesterday to buy 1$ you had to spent 90 unit of your local currency, today $ is stronger so you need 100 unit. Now there is apple in us cost 1$, yesterday you buy it with 90 unit of your currency and today you buy it will cost 100 unit. So you will prefer to spend 90 unit and buy your local apple instead of ameican apple. Hope that make sensen.Read more »
You can hold your positions as long as you like. Everyday there is a “swap” rate that either charge you a fee for keeping the positions overnight or maybe give you a small interest rate. It call positive swap ( example if you buy audjpy ). Swap rate will triple on tuesday wednesday night to cover the night of saturday and sunday. Good brokers : depend on your envestment style, here is a list I found practical because they tested it by real account for more than 6 months: best forex broker A simple yet effective strategy is “break out trading” […]Read more »
Why can day traders double their capital in a matter of weeks as they claim, but hedge funds and mutual funds only target 20% annual returns?
Risk accept: You can be ok losing 100.000$ one or two time in your trading carrer, but lose 1 bils is not accept able. With rish / reward ration of 1:2, you put in market one trade of 1 mil and accept risk to lose it, then you gain 2 mil. You can easily find liquidity for your access for 1 mil. But for 100 mils, you need to plan and execute your trade one by one part and try to hide your trades from competitor, that take times, people and also cost. That reduces profit. To find liquidity for […]Read more »
I have a stock market simulator account with Investopedia and they gave me $10,000 virtual cash. For the past 2 weeks I have been making $300-400 daily. Am I ready to go into the market?
Do it 2 more times and yes, you can start play with real market. Keep in mind this: Demo is something rosy for clients to join, it is the most effective tool from brokers to show how easily you can make money with them. Real is totally different. But yes, winning in demo is essential steps. There are bucket shop that make demo supper easy ( fill your trade with positive slippage – so you have you trade winning right away when you enter the trades). But also have Dealing Desk to control your real trade after with opposite direction. […]Read more »
You will need 300–400.000$ capital and a skill of gaining 5% monthly safely.Read more »
There is no best trading indicators. If there is one, all people will use that already. However there are some indicators are quite simple yet effective and can apply most of the time. Also, combination of indicators is very important. If you ask which music note is best, there is none, all 7 notes are good, however you combine them nicely then you have a nice song, you combine them wrong..then you know what you will get.. Some good indicators are: Moving average Bollinger Bands Stochastic RSI MACD Regards HuyenRead more »