Hello, everybody, I'm a very new person to FF(about 2 months) and have gained a lot from the threads here, Many thanks for those who provide help to the forex newbies like me. (By referring newbies, I mean those who don't have a specific trading strategy and get into a trade by emotion or feeling, just like what I do most of the time.)
I write this thread to ask one more help from those who are expert of intraday trading, I need a intraday trading strategy because I face a very strict trading condition in a trading contest.
It alerts that :
1.we can loss no more than 500 Dollars a day and 1000 dollars a week.
(I mean Floating losses, and once you reach this number, your position will be closed automatically and you can not open any new position during the day or the week)
It's just a 2-month competition, so you will have less time to make profit if you touched one of these two limitations unluckily .
2.every position you have will be closed automatically at 19:00 GMT every day.
These two rules make trading into a very difficult work, especially for a person who don't have a intraday trading systet m, so I decide to talk about the problem here and will be happy if somebody can give me some advice and intraday trading sysem recommendation.
Any recommendation or words of worldly wisdom?
Anyway, Have a nice day!
I write this thread to ask one more help from those who are expert of intraday trading, I need a intraday trading strategy because I face a very strict trading condition in a trading contest.
It alerts that :
1.we can loss no more than 500 Dollars a day and 1000 dollars a week.
(I mean Floating losses, and once you reach this number, your position will be closed automatically and you can not open any new position during the day or the week)
It's just a 2-month competition, so you will have less time to make profit if you touched one of these two limitations unluckily .
2.every position you have will be closed automatically at 19:00 GMT every day.
These two rules make trading into a very difficult work, especially for a person who don't have a intraday trading systet m, so I decide to talk about the problem here and will be happy if somebody can give me some advice and intraday trading sysem recommendation.
Any recommendation or words of worldly wisdom?
Anyway, Have a nice day!