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TheDarkHorse
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Introduce Yourself Here - Don't Be Shy!!
TheDarkHorse replied to trading4life's topic in Beginners Forum
Nice to meet you. So when you trade are you trade which time frames do you like to use and are you day trading or swing trading? I have just started out and intend to stay on the demo account for another 6 months which will bring my exposure to the markets for about a year. After this point i realistically feel I would have witnessed all the cycles within the year and be confident to invest my own hard earned £5000 on the table. Am I heading in the right direction? Regards, James ! -
Introduce Yourself Here - Don't Be Shy!!
TheDarkHorse replied to trading4life's topic in Beginners Forum
Dear Traders, My name is James, i've recently turned 30 and have decided to take the study of the markets from a hobby to a more serious longer term approach. I've acquired and read lots of books, studied chart patterns and am trying out various strategies for myself and finding my style and appetite for risk.(and of course trading everyday). I have been paper trading for the past 6-8 months with FXCM trade station and it has been a mixed journey of ups and downs but with good and steady progress. I seem to be consistently profitable and know how to extract small quick profits out of the market, so i guess i'm a scalper. Having said that, I inevitably always end up with one trade that goes wrong and which blows me right out of the water taking me right back to the beginning where I have to open a new demo account and start again:-(. I've figured that as i am intending to take trading the markets as my career there is no short path to experience, learning from trial and error and I just wanted to get some tips on how to spot reversals using the 1, 5 and 15 minute chart in regards to Index scalping i.e. GER30, UK100, S&P500 and how to realise when the market is tricking one into believing it is going one way when really it is staying the same. or is it?:-) I realise this is quite a big post for my introduction. In fact this is my first ever post on any forum ever ! So apologies if it doesn't match up to the required trading etiquette standards of this forum ! look forward to hearing from you, shouts out from London ! Kind regards, JV:-)