Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. Rather than using momentum indicators to determine whether safe to trade, we’ve seen better results by restricting trading to specific times, and optimising the start and end hours so we trade only on instruments known to be quiet during that period.
I also didn’t discuss the crotch strategy (discussed here in a swing trading video: ?v=LbdfQDN4-WI ) in this article, which is one of my favorite strategies and has produced some spectacular day trades and swing trades lately 🙂 Still valid, just not discussed in this article.
Brokers draw novices in, convince them that currency trading is as simple as applying a few technical indicators or clicking ‘Buy’ when an economic report comes in better than expected, then they watch them lose it all, safe in the knowledge that more beginners are flocking to their websites all the time.
The Simulator lets you place market and pending orders, set trailing stops, alter the s/l and t/p on orders by clicking on the chart, save complex order definitions as templates, quickly close all open orders, plus many more features which are not available as standard in MetaTrader 4.
Risk calendars are vital tools in the hands of forex investors that can help prepare them for the upcoming buzz in the market, so that they can analyze and suss up the situation, and plan their moves to land up on the right side of the movements in the market.
But because these daily fluctuations can be considered part of a trader’s assets in the normal course of his business, the IRS gives the trader the option of rejecting or ‘opting out’ of Section 988 and choosing to have the gains taxed under the favorable 60/40 split of Section 1256.
The cost of Andrew’s course and the investment into a Forex business is way less than a conventional business and that was what attracted me. I have spent more than enough on other courses for much more monies and they all worked well but not for me at those times.