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- peterM replied Feb 9, 2008
my edge is I have a strategy that has a relatively good profit factor and I trade it with extreme discipline :-)
What's your edge?
- peterM replied Feb 8, 2008
Oh dear, I really would stop it trading your money right away!
Expert Advisor
- peterM replied Feb 8, 2008
Yes, you could do that. However, it will be a high risk investment. It would be strongly advisable to only use low leverage. There is a big chance that NZD/JPY will fall by 10% or more (possibly significantly more) in a short space of time during a ...
carry trade for 3--5 years
- peterM replied Feb 8, 2008
I have an IG Markets demo account. I did plan to open a live account, but I have heard so many horror stories about them so I decided not to in the end! I do have an account with the sister site, IGIndex.co.uk from what I have seen, execution is ...
I.G Markets
- peterM replied Feb 8, 2008
there is the wikipedia article that is ok url sorry cant be more helpful.
Currency Options Information?
- peterM replied Feb 8, 2008
ya, it might be worth avoiding retail brokers like IBFX for trading news spikes.. What about MBtrading?
Switching brokers and i really need your help please.
- peterM replied Feb 8, 2008
it's falling because we keep cutting rates here in the UK and the future rate outlook is down. The euro rate outlook has not been as negative, though yesterday trichet did make a suggestion that rate cuts could be coming soon for the euro
Cable Update (GBPUSD)
- peterM replied Feb 8, 2008
Yes, I have one, but I know it by memory now and stick to it rigitidly.
do you have a written trading plan?
- peterM replied Feb 8, 2008
yes, never overtrade! it can undo a lot of hard work. Slow and steady wins the race.
Cable Update (GBPUSD)
- peterM replied Feb 8, 2008
I would say it depends on your trading. If you scalp major support and resistance points, the fundies arn't so important. However, if you trade long term, it is essentially the fundamentals that fuel price action, mainly interest rates. I'm always ...
technical analysis -or- fundamental analysis
- peterM replied Feb 8, 2008
I agree with that.. always best to make your own system. Other peoples systems may not work for you, especially if a degree of discretion is involved.
Simple 5 / 8 moving average crossover
- peterM replied Feb 5, 2008
Geppy is going down, with the dow week. At least that's what I think.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Feb 5, 2008
i would backtest as much as far back as you can. I would try it on a demo account for at least six months too. Most successful backtested strategies fail when they are forward tested, because like tdion said, they are just curve fitting.
How many years should I test My system, to consider it, profitable?
- peterM replied Feb 5, 2008
FXCM are ok, you can have an account in Pounds, they are big and heavily regulated, so your funds should be relatively safe. The only thing I don't like is their platform. I seem to remember reading somewhere they are going to bring out an MT4 ...
FOREX.com
- peterM replied Feb 5, 2008
you can trade news spikes, you can get in with some brokers, but u ideally need to get the numbers fast. I understand a bloomberg terminal is the fastest way.
forex news trading
- peterM replied Feb 4, 2008
it might test 9950 again this week, so longs may be good
Cable Update (GBPUSD)