Hello Matrader and Dentist.
I am increasing my knowledge of trading Forex, but taking it slowly and surely. I have a lot of experience with equities and indices, but only looked at forex for the first time about 6 months ago.
I have tried to follow this thread, but by the time I've pondered over one post, there have been another 10 or so. It gets pretty frantic 🙂
I used to trade a mixture of fundamental and technical, but now have abandoned fundamentals altogether. When trading equities via CFDs it's normal for me to have a trade open for anything between 3 days and a month. I'm just not used to the pace on this thread.
I will continue to draw my S/R lines on my charts and looking for trade set-ups and I hope that one day I will get better and quicker at spotting opportunities.
I'm sure that I will be back and hopefully be able to contribute something.
Sorry to hear you feel that way Gumrai ....Yes, you do have a valid point with regards to this thread getting frantic as there were over 4000 hits on Friday alone.
I will resort back to my weekend analysis and post charts on a daily basis more often on Benzinga. Benzinga is a good idea as my posts will not get lost and it will be easy to access them ........
http://www.benzinga.com/users/wallstreet1928
I try my best to dedicate time on the thread and give people the heads up on any major move in the markets. It is too hard for me to give the reasons in real time,otherwise I will be sat on this forum all day long and i will not be able to do my day job or trade for my self.
That is why I decided to offer my help on a 1-2-1 basis. It is only a small fee(£150), I offer 3-4 hours a week for 4 weeks. It works out to less than minimum wage as we always end up talking for much longer but I am not doing this to make money. I enjoy the conversation we have and always look forward to speak to new traders.
I only did the 1-2-1 course because Newbies were getting robbed in broad daylight as some of these courses on the market are around £1000-£4000 for one day or a couple of hours.
I also post a daily article on Benzinga with all the support and resistance levels for people to watch on the FSTE.
You mention that you are good/proficient at trading indices and stocks, so you should be able to correspond with the entry/exit/stop loss levels that are posted. I can understand if you were an absolute Newbie, and after speaking to a lot of Newbies that is what they want so that they can work backwards and identify why i have bought at that level and why my target and stop loss is at a certain level...etc, etc....!!
I am currently in talks with
www.Inthemoneystocks.com to do a UK version and organise educational material. The cost of the course may be a little bit more expensive probably around £200- £250 but I can assure you it will come with much more material and will be much better value for money.
I might organise a chat room where we can all trade together as I intend to leave my day job or got part time soon in order to concentrate on this project and take trading more seriously ...........the problem is my day job is too too easy and isn't really being a hindrance to my trading.
