If you want to fail as a trader, study TA

Discussion in 'Psychology' started by The Expert, Apr 27, 2010.

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  1. A screen shot taken two minutes ago to demonstrate the effectiveness of Fibs & Pivots to all the doubters.

    [​IMG]
     
    #821     May 28, 2010
  2. Placebo

    Placebo

    I have an IG Index account that I use just for the charting, it's good if you want to look at a variety of markets all in one place. And you don't even have to fund the account. :p
     
    #822     May 28, 2010
  3. Agree their, advanced charting package is totally adequate, they do charge £30 a month for it or two round trips though.

    I know the whole CFD, spread-betting industry has a bad name, but it's not a bad place to learn, if you are unable or unwilling to fund a $25K PDT account, and I think IG are possibly the best of a bad lot, I've been with them over two years and haven't had any particularly bad experiences so far (fingers crossed) and I'm very active. Also their iPhone platform is pretty good, which is why I went with them in the first place.

    I think with regard to matey boy's scoffing, a professional outfit's decision as to whether or not to employ a trader should be based on ability to trade and not on which broker they currently use (WTF? Why is that relevant?).
     
    #823     May 28, 2010
  4. LeeD

    LeeD

    A few people have a broker (person) they can trust to close a (trend) position intelligently.
     
    #824     May 28, 2010
  5. I use this great new invention called high speed fibre optic broadband to close it myself, why would I entrust my decisions to someone else?
     
    #825     May 28, 2010
  6. I use Tradestation - it's free as long as I trade 5000 shares a month or more.

    Shurely you'd only use IG Index for charting if you weren't actually placing any trades...
     
    #826     May 28, 2010
  7. gktk

    gktk

    are the charts on IGindex the true market or rather a SB firms liberal interpretation of the market?
     
    #827     May 28, 2010
  8. Placebo

    Placebo

    No I don't trade with IG Index, however it's nice to have a huge range of markets to look at for free. Some of which I would have to pay a subscription for with my broker. FTSE shares for example.
    I have no intention of trading UK stocks, it is however nice to have a look at them from time to time. I don't trade forex either, but I like the IG charts.

    :)
     
    #828     May 28, 2010
  9. Probably get the odd slip here and there but on the whole it's fairly accurate, it's "make do" until I can fund a DMA account.
     
    #829     May 28, 2010
  10. but you'll need to swing trade with such an account rather than daytrade wouldn't you? Big spreads and stuff would make short term trading near impossible, would it not?
     
    #830     May 28, 2010
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