Forex Trading

[313 wayz]

any of you cats trading futures or got a connect to do any forward contracts?

Damn, I just came across this thread. I just started trading gold futures (GC) under my Think Or Swim demo account a couple of days ago. So far I have made $300 - $500 a day through scalping. The thing I like about gold futures is that it is volatile and it respects support and resistance so you can make money through scalping or holding long term.

One gold contract has a margin requirement of $6,600 and is $100 per point if you are on the correct side of your buy or sell. For example:

If you sell 1 gold contract with an entry price point of 1355 and the price goes up to 1356, you are now $100 in the hole for that point and $100 for each point thereafter 1357 = 200 in the hole, 1360 $500 in the hole, etc.

If you sell 1 gold contract with an entry price point of 1355 and the price goes down to 1354, you are now $100 in profit for that point and $100 for each point thereafter such as 1357 = 200 profit, 1360 $500 in profit. etc.

You must be able to have available funds in your account to accommodate possible losses, that's why risk management and practicing on a demo account is critical.

I am going to do some research and drop some more helpful tips when time permits

 

[johnftseman]

I am a currency trader. I work with a small group of traders where we share ideas. I was introduced to trading in 1989 I studied with marketgeometry, Michael Parsons and a London prop trader I have my unique take on price action too which explains what is going on behind the scenes.

Trading is my passion. If you want to hone your trading skills and become a more profitable trader then this is the place for you. It is not so much a trade tipping service although I will be open about the markets we are following and the areas we will be looking to take entries so in many ways it will feel like you are looking over my shoulder, but my hope is that over time and after seeing my instruction you will be able to independently select the profitable opportunities in the markets for yourself. I know first hand how difficult it can be, especially when alone to acquire the skillset to achieve this.

I already have a group of traders i work with who trade the tools I use. These arent some fancy indicators, but time tested tools and trade confirmation insights which will give you high probability setups, If you use this knowledge with firm bank management techniques, then there is no reason why you will not experience steady bank growth.

I felt the best way to help other traders who are serious is to offer a weekly Reading The Story chart analysis service (RTS) for a nominal fee. I initially posted some instructional videos on my youtube channel which ended up like a library and difficult for newcomers to know where to start. I will edit that library and have a basic foundation course there for free to get traders started so they can focus on what is important. Weekly videos to highlight a trading concept will be available for a small monthly fee. I will release more as time goes by dependent on demand.

Day trading your own account should achieve a minimum of 100% growth per annum once you have general mastery of the skills. Following me and understanding why we trade as we do will give you a deeper insight into the market and enable you to read structure and the story of price. When you are following and reading the story of price the trading opportunities will become apparent.

various contact methods for you -

twitter.com/tradingskills4u

facebook.com/tradingskills4u

youtube.com/tradingskills4u

vimeo.com/tradingskills4u