nice to meet a human and not the usual trolling robot.....i wish i could join you......i am 64 and i still dream of trading freely from the united states......
Just to clear the record, I only said what he said, and was being conservative. Second, he is trading SPX at a foreign broker. It is a different instrument...[/QUOTE] Yes, now that I look at it closely, I see it was an .02 lot.
two things are against you your beliefs and the broker[age]. mainly the belief that the trend is your friend. the trend does not exist. what exists is the channel....it may be so tight that it looks like a trend or it may be broader. once you understand this contra intuitive fact which is propagated by all those idiots who call themselves experts you will make money
am presently using octa fx who accepts INR but i have to pay high price for it: brokerage of 40 usd per lot in ES does anyone know any other broker
I think you said in another post that the Indian government does not allow you to fund a foriegn account. If this is true, there must be a India based forum where you could find information on Indian based brokers. If not correct, scroll to bottom and make inquiries to the brokers who sponsor elitetrader. Ask if they accept accounts from Indian citizens.
Did you know there was a new release at the bottom of the hour? You are lucky the unemployment rate was below expectations, otherwise your stop would have been hit in less than a second. If you want to trade ES you have to keep an eye on the economical calendar. If it is very dangerous to trade around those releases, markets can move very fast in both directions and stops aren't guaranteed, you can have huge slippage, specially lately since Covid can have a huge impact on the outcome of those numbers.
first Friday of month yeah traded fx for 14 years so yes NFP... i just trade the price action. but thks for that.
of late NFP has been a damp squid in fx at least.. today was an exception yes better to avoid the releases......i usually go in in flat and then if a opportunity presents itself after the release ....pounce today was mistake but we are in a big range so we may test the high again.........low probability