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What Are Your Golden Rules?
अंदर
नए ट्रेडरों
Mar 06, 2019 at 08:36
Greetings Everyone!I hope that some of my tips helped you shape that trading behavior. This evening I want to talk about ATR and how to use it (again, google is your friend on what is ATR, how is calculated and variations of the formula). In short, ATR = SL (I'm taking some liberties here for the sake of simplicity). What ATR does is to measure the volatility of the asset so that we can measure 2 things: Where will my SL&TP needs to be and how long will it take to hit that target.In the Excel example I have used 4976 days for the EURUSD pair to measure the average volatility(marked as ...
What Are Your Golden Rules?
अंदर
नए ट्रेडरों
Feb 17, 2019 at 09:37
Hello everyone,A few years ago and even to this day I ask for help on the forums. I will try to summarize some experiences that have helped me along the way.First, unless you are a good programmer and can be on top of your robot, technical analysis is not based on rules, it's just an indicator.The books that teach technical analysis are dated, old (most written in the 70s) and are backwards looking. (Everybody can see an ascending triangle after it was formed). You don't need more than some lines on the chart because:Trading is done outside of the platform. Yes, it is true. The Chart p...
20 trades to become millionare - is it possible?
अंदर
नए ट्रेडरों
Feb 17, 2019 at 08:03
Hello everyone,@DarkForex, you raise an interesting point allow me to offer some insight.First, I think it is valuable to separate pips and money. The value of a pip differs from one pair to another and from one broker to another, also the value of the pip changes according to the conditions. The value of the pip should be found either on the broker's page or more likely on the fine print in the Terms&Conditions. Calculating a $ return with pips just doesn't work.Second, you have to account for trading costs which can vary again from pair to pair and broker to broker. The most comm...
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