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thundertrader

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Everything posted by thundertrader

  1. I need to know how i determine whether it is a trending day or a trading day. I visited the Fx calendar at forexfactory.com to try and determine this by seeing which days have major announcements and which days did not. However most days have some announcement that should affect the market significantly and i know that trading days should be more prevalent than trending days. Please shed some light on how to fliter the information to come to a position on whether it is a trending or trading day. If someone so decides just post general information on how you determine what type of day it is.
  2. I would like anybody that uses dealbook360 to tell me how there experience with using the Fibonacci Retracement. I include the 1.27 and the 1.618 lines but they always appear very close. Should this be the case. If you use another trading platform does this occur there as well
  3. Hello everyone I am very new to forex trading (trading in general) and trying to find my way around I have been trading on a demo account dealbook 360; I have not made any live trades as yet. I am trying to read material in hope of educating my self I bought "Trading in the Zone by Mark Douglas" does anybody recommend this book, will it help me to become a great trader? Which technical indicator goes well with the MACD? I can trade for 3 hours a day, which time frame is best for me? and remember I have no real trading knowledge so I Know nothing about fundamental trading and next to nothing about technical analysis I appreciate whatever feedback I get
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