Recent content by david moore

The most successful trading method is to look for breakouts and place orders right after the news. Stop loss should be tight and Take profit should be much larger. Trading right after the news also helps in avoiding high spreads and slippage, not to mention that we can now have more chances in...

You need to have a more robust strategy than simply using ATR. When you start your trading day, determine which market it is you want to trade. I trade the US market and sometimes the UK if I think there is a good setup forming.

Advantages: Trade risk free : You don't risk any capital with a practice account, so are free to experiment with strategies. Disadvantages: Creates a false sense of confidence If you are great at paper trading, does that mean you will be a great trader? Not necessarily. A practice account...

The first question to ask yourself before figuring out money management is the following: Do I have a true edge? If you are not sure, save your money. if you are sure you have an edge that will cove cost and slippage, then try to increase your initial capital.

The more focus the better performance, also put in mind the correlations between pairs.

News can bring increased volatility in the forex market you need to pay attention to economic news coupled with inflation and also geo-political news. And trading currency pair that have high market liquidity in the market is of great advantage since they have the tightest spread because news...

The duration pf demo trading varies form each trader . You need to make sure you have the needed knowledge that can sustain you while trading. And if you want to trade on live account there are micro account offer by different broker that you can open with very little capital that you can trade...

Agood trader should not try to do these things: Don't try anything too clever or overcomplicated. Don't trade mindlessly. Don't make too many trades. Don't be too aggressive with position sizes. Know you risk. Only commit capital you can afford to lose.

If you want to do the forex business,especially trading without a stoploss which requires lots of patience and psychological balance ,you should have calculated your overheadcost first and earmark money for it(cash not even frm trading)and not wishing that when the business starts that you will...