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Hi guys and girls,
Im a complete newbie and managed to watch my account go from €2000 to €300 in minutes. I was using a platform called 24option, 1 minute candlesticks combined with rsi and Bollinger bands. I realize now I have a lot to learn but I was wondering if anybody could advise me as to whether or not im going in the complete wrong direction or what?
Any advice at all would be great, thanks.
Muiris
Can you help answer these questions from other members on NexusFi?
According to Dierk Droth, the VP of Engineering for NinjaTrader, the upcoming NT7 beta will include a Monte Carlo simulator.
Monte Carlo sims are a way to produce random data to simulate different types of market scenarios and events, so that your strategy …
Read this from beginning to end. It will take a long time to read, but will save you a huge amount of time if you really take the time to learn from the questions/answers in the thread:
I'm creating this thread with the purpose of a 'catch all' for any trading related question that futures.io (formerly BMT) members want to ask, but don't want to create a new thread for -- or find an existing thread to reply to.
Although they are focused on FOREX, all what you learn there can be applied to reading the price charts of any financial instrument: equities, futures, forex, etc...
Take your time to go through the entire school, and use your SIM account to practice in the meanwhile.
Once you are ready, and that's after months and months of practice, perhaps even years; you go back to your LIVE trading account, top it up to €5,000 or so if possible, and take it from there - You shall be able to recuperate your €1,700 by then in roughly 6 months to a year.
Good Luck
Fadi
Successful people will do what unsuccessful people won't or can't do!
Yeah, I definitely get more worked up with real money but I am keeping a journal and sticking to the strategy. I just seem to be chasing more often than not.....and this eats into the money management side of things. do you think I am using the right tools?
I'm creating this thread with the purpose of a 'catch all' for any trading related question that futures.io (formerly BMT) members want to ask, but don't want to create a new thread for -- or find an existing thread to reply to.
I've …
I believe it should be incredibly obvious to most anyone after that where most traders fail and why, and then you can make sure you are on a different path.