TL;DR I feel brand new to day trading anything other than currencies and I'm having trouble finding the right resources to get started. Help? Will trade answers regarding trend trading.submitted by Broggernaut to Howtotrade [link] [comments]
I've been involved in Forex for about 6-7 years now. Light bulb moment happened right around 2 years ago and I'm content with the growth rate of my account since then. I trade very, very simply. I look for established trends on higher timeframes (8h, 12h, daily, weekly), wait for a pullback, and then enter with fib retracements and supp/resistance on what I perceive as momentum. The moving average serves no technical purpose. It's simply a different type of visual representation of price movement. There's nothing revolutionary here.
I want to expand into day trading but again, I feel lost. Small cap? Large cap? Reading tape? Scrapers? Volume aggregation? stock scanning scripts? Runners? Bag holding? Apparently shorting is a big deal? Penny stocks compared to "normal" stocks? which brokers offer what? ALSO, some of these charts feel chaotic at best. The choppiness just appears unreal. Price action in Forex can be choppy, but at least it's "smooth" in the sense that price opens at the same price the previous candle closed at 99% of the time.
It doesn't really help that most of the youtube resources I've come across focus on getting rich quick, or aspects of trading that I do believe are important (psychology, money management, FOMO, indicators, etc.) but I do not need help with. I'm still improving, but I've got a solid grip on these aspects and they are not what I'm looking for. I guess what I'm looking for specifically is information on the nuances, technicals, vernacular, and details that are inherent in day trading stocks that don't exist in forex. Most of the stuff I listed in the above paragraph are accurate examples.
I have zero interest in scalping Forex. I'm active duty with a full time day job which is part of the reason I strictly trade higher time frames. I've also found that the manner in which I prefer to trade is more reliable at higher time frames. That being said I am interested in getting into stocks as well as Forex and will have the option to move to second shift and trade the morning bell and all the liquidity that comes with it in the next couple months. I'm looking to get educated in the interim. It's likely that I'll eventually move into long-term trading with stocks as well, but who knows.
Does anyone have any resources or suggestions for materials that touch on topics similar to what's listed above that they found helpful when first jumping in? I'm looking for the option to trade stocks, commodities, penny stocks, etc.
Oh, I currently trade with Oanda through Tradingview and I'm considering TDAmeritrade. I can get around the PDT rule but I'm not in a hurry and would probably like to start with penny stocks with something like $5-10k I think? The problem is I'm just unsure. My personal philosophy is that demo trading is useless after buttonology. Instead I have found that trading small amounts of real money provides much better results in the long term.
Forex trading. See prices on 70 major and minor currency pairs with two transparent pricing models. See trading. Currency converter. Access real-time rates for all the major FX pairs, plus up to 25 years' historical exchange rates across 38,000 forex pairs. See converter. FX Data Services. Discover OANDA Treasury, Exchange Rates API, Historical Currency Converter and Corporate Payments ... China releases gross domestic product data on Friday, a key indicator for global growth since even small changes in China’s economic performance can have ripple effects for other major economies. Forex is NOT 24/7. Every forex trader has 2 days off from trading. Forex is only 24/5. It doesn't matter which city or country you are in. Yes, it is 24 hours when the markets are trading. Forex CLOSES the week at 5pm EST on Fridays when the New York Exchange closes it's doors. The first market to open on Monday and start the new week is Sydney ... Forex news from ForexLive. The fastest Foreign Exchange market reporting and analysis. Live Forex and economic news. Technical analysis, headlines, Live quotes. November 18, 2019 Comments Off on NEW DNA Scalper System – Forex indicator for easy trading signals. DNA … Read More » Decision Bar Indicator – Profitable strategy for swing Daytrading. October 10, 2019 Comments Off on Decision Bar Indicator – Profitable strategy for swing Daytrading. EFC indicator for accurate trade entries-Find Winning Trades 2019. January 16, 2019 Comments Off on ... Download indicators free images from StockFreeImages. Many free stock images added daily! This indicator calculates the volume profile and places labels that correspond to the VAH, VAL and POC levels, for each candle individually. Indicator operation features The indicator works on the timeframes from M5 to MN, but it uses the history data of smaller periods: M1 - for periods from M5 to H1, M5 - for the H4 period, M30 - for the D1 period, H4 - for the W1 period, D1 - for the MN period.
[index]          
Click Here To Start Trading With Hugosway 👇https://www.hugosway.com/?cmp=3l0g1x2i&refid=2380 SUBSCRIBE FOR MORE VIDEOS LIKE THIS. ️https://www.youtube.com/c... With the Forex Growth Code fake outs become a thing of the past. Information, charts or examples contained in this description is for illustration and educational purposes only. Facebook: Ashjia Wraggs Inbox to recieve spreadsheet Forex Growth Funds - Tied Agent FxPro ... Forex Money Management: Simple Forex Trading Money Management Strategies! - Duration: 10:51. Currency Cash Cow 60,360 views. 10:51. Mapping The Market ... Trend Finder Indicator for Forex Entry and Exit. Best Scalping Strategies for Forex Trading. Free Download Link https://fxschool.info/fx-school-free-services... Forex 3D-Trend Signals Indicator analyzes Metatrader price charts in 3D-dimensions on Forex, as well as stock and commodity markets and generates statistical... Jan, 8, 21019 Indicator Warehouse Account Growth Training Room - Duration: 1:01:31. NinjaTrader Indicators & Trading Systems Indicator Warehouse 79 views 1:01:31