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Type: Posts; User: FishnPips

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  1. Replies
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    Yes for me timing my trading with the opening of...

    Yes for me timing my trading with the opening of the London session, NY session and London close are massive factors for me as they see increased volume and therefore larger and more violent moves.
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    Leverage is a tool and like all tools can be used...

    Leverage is a tool and like all tools can be used responsibly and irresponsibly. It annoys me when I hear people saying leverage is risky. No, trading with poor risk management and a lack of...
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    It's neither good or bad. It's just a business...

    It's neither good or bad. It's just a business that few are successful in.
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    There isn't a "best" indicator. That you are...

    There isn't a "best" indicator. That you are asking that question implies to me that you haven't done enough education in trading yet.
  5. Bad time to be offering something like this to...

    Bad time to be offering something like this to the market in my opinion. Fewer people than ever are going to be happy keeping their crypto in a centralised institution
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    The key takeaway is surely, not your keys not...

    The key takeaway is surely, not your keys not your crypto. Hold it in cold storage or use a hot wallet protected by cold storage. Single custodians of one's funds can and often will screw you over.
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    I'm still eyeballing 12k as the level I want to...

    I'm still eyeballing 12k as the level I want to see it recapitalise. Clear fair value gap there to collect orders and then we may see consolidation before a move up again.
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    This is more common in stock investing via ETFs...

    This is more common in stock investing via ETFs and Indexes than it is FX. The chances is are that asking for this will lead you to get contacted by loads of scammers. There are lots of ways to make...
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    I think using a stop loss is integral to my risk...

    I think using a stop loss is integral to my risk management. Those that say oh well what if it then flips and goes your way? Well then your entry was wrong. I don't see any reason not to use a stop...
  10. Thread: Confidence

    by FishnPips
    Replies
    32
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    5,947

    For me confidence comes from having a large body...

    For me confidence comes from having a large body of data from extensive back and forward testing. This simply gives me the confidence that if I am wrong, it won't matter long term. Too many take...
  11. Thread: Which Broker

    by FishnPips
    Replies
    46
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    4,387

    Best thing you can do is go to a number of...

    Best thing you can do is go to a number of reputable review sites and see what is out there but you MUST know which conditions you require based on your trading style and geographical location (this...
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    The Animal Farm is getting launched on the 18th...

    The Animal Farm is getting launched on the 18th October so definitely worth looking into now if you're thinking about it. I have a few videos on it on my YouTube channel if interested.
  13. Thread: Which Broker

    by FishnPips
    Replies
    46
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    4,387

    I found them decent as well as IC Markets for...

    I found them decent as well as IC Markets for scalping as they offer a raw spread account. That being said the commission is a little higher.
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    I've never understood this mentality in trading...

    I've never understood this mentality in trading where people think they can come in to multi-trillion dollar per day markets with NO education and do anything other than get battered. You wouldn't...
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    Leverage automatically meaning higher risk is...

    Leverage automatically meaning higher risk is something that really annoys me. High leverage in itself isn't risky. Misuse of it is.
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    It's possible to make money trading for sure but...

    It's possible to make money trading for sure but it's not reliable and the truth is few will actually make money trading.
  17. You can start with even lower than that - $10 of...

    You can start with even lower than that - $10 of BTC in CedarFX, $5 with XM etc etc. Whether you should use that little is another question. Whatever you do you it MUST be risk capital
  18. I think we are going to see BTC at least wick...

    I think we are going to see BTC at least wick below the low we saw in June. I see a gap on the daily around 12k that I would like to see tapped into before it goes.
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    This is looking at it in completely the wrong...

    This is looking at it in completely the wrong way. It's not about making MORE money but taking LESS risk. By utilising leverage, the same way you do with a loan. You extend your buying power but this...
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    Narrowing your focus to a single pair can be very...

    Narrowing your focus to a single pair can be very useful as there is so much information out there that one can become overwhelmed and not know what to do. Learning how an individual pair moves, the...
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    The rest of the ecosystem is very interesting as...

    The rest of the ecosystem is very interesting as well bringing in crucial external revenue as well.
  22. How it reacts at 28k will be really key for what...

    How it reacts at 28k will be really key for what it does next. If it reacts bearishly (as I expect it to) then we could see a large impulsive move down past the recent low of 18k to 12-15k. If we...
  23. While structured the rally looks very much like a...

    While structured the rally looks very much like a retracement from a bearish impulse at the moment which is allowing orders to be built in to sell off again around the 28k mark. The lack of strong...
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    The broker has to make money and that is...

    The broker has to make money and that is something that needs to be considered in this discussion. If a broker has ultra low spreads then generally the commission per lot will be higher and...
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    It's hard not to react at all but the key is to...

    It's hard not to react at all but the key is to not OVERreact. There may be some initial disappointment but the key is to keep it in perspective and then analyse the trade to see if there is anything...
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