Journey to the Center of the Trading World

[KPcurrency]

I don't know if you have a job (other than trading) but I would try to at least trade the same time every day. You'll come to better underst trade the idiosyncrasies of that particular time period. Don't trade at 8pm EST just because you're bored. Since the market is basically always open we need to be careful not to over-trade.

Speaking of over- trading autofx the main reason I do not like always in the market systems is because the market is not always moving.

[autofx]

I underst why traders stay away the quiet hours -- I
guess that's why they're quiet hours eh?

The market is not always moving that's for sure but sometimes
the quiet hours offer some very good entry points for longer-
timeframe strategies.

Those who want to capture profits in a short amount of time are
wise to exclusively trade during those times typically known to
have lots of action obviously.

By the way my strategies are not always in the market
but I don't exclude as many time windows to jump on signals
as others do. I'm comfortable with it.

My trades execute automatically so my selection of time windows
isn't based on when I'm sleeping or otherwise away my
trading desk.

KPcurrency I'm not suggesting you should deviate your own
trading times. I'm sure you can do very well by sticking with the
early NY trading. That was my prime time once I liked it a lot.

[autofx]

Originally posted by KPcurrency
Even the 12-1 pm EST is a good time to stay out while the big boys are on lunch.

Yup I agree. At least trying to enter exit with any good
result during that time is usually futile.

[tim_nn]

Originally posted by astrosmurf er what's that then?

Have a look at www.capitalspreads.com click on the right where it says "Essential Guide". Will be a better explanation than I can offer!

[RealFX]

Originally posted by autofx


What amount of $ are you assuming gets lost on each stopout?

Well at the most the full 1 or 2 percent.

On 700k tha'd be no more than 14k per trade or total market exposure.

I'm probably generalising these guys systems because if a system trades 15 times a month vs 2 times it dramatically changes the $$ made (or lost) for that month.

But what I can tell these guys play it mega safe the have the capital to do so.

[RealFX]

Originally posted by KPcurrency
I don't know if you have a job (other than trading) but I would try to at least trade the same time every day.

Thanks KP I will.

I do work during the day. I'm considering doing it in the FX industry to help me learn to trade. Hence this thread

[graemenash]

tim_nn do you use capital spreads for live trading?

I have a demo account with them but found the spreads to be too big their quotes a little strange at times. The website seems to act up occasionally too?

I too "trade" forex using a spreadbetting account but I use deal4free.com I'm yet to find a better broker.