Forex Indicators
Regarding Day Trading and Forex?
Background: Fundamentals, with an investing strategy out of the Graham playbook (by distressed, unloved or otherwise underpriced securities). Risk is minimized by having a margin of safety, higher upside than down, and by buying into companies that can be understood and predicted down the line. However, finding a good opportunity tends to leave at least some cash floating around. Aside from dumping it into a placeholder stock like BRK.B, moneymarket, etc. I am interested in utilizing, to some small degree, daytrading. Basically: (1) How is risk managed in security day trading? Forex trading? (2) Do the few successful traders operate by intuition or determinism? (3) How wide of a scope to most traders take? Ten stocks? One hundred? All of them? Similarly, how wide of a scope do forex'ers employ? (4) Is there a way to get a hold of raw market data, outside of the wacky software like eSignal, etc? Please do not try and pitch a trading system. Thanks.
Public Comments
- Once you are able to learn the basics of online trading, you won't need to ask for specific details like the ones you ask. You would know how to figure out the answers for yourself. And of course, be able to trade profitably on your own. A Free Basic Hands-on Training is available at http://finance.groups.yahoo.com/group/currencytrader/.
- Here is an article about Day Trading: http://www.forexsecretrevelations.com/forex/guide-daytrading.php I hope it helps!
