Hello,We are in Paros for holidays so the rythms are more relaxed.Yesterday a nice scalping opportunity appeared in gbpjpy.A divergence in the main chart, a head and shoulders in the auxilliary chart, a short signal in the main chart.We gave some time to a pullback of 20 pips to the equilibrium of the auxiliary chart and placed the limit order. The trade lasted approximately 30 minutes and we took 31 pips in the three part order.
Hello,Today I have record for you a one hour video of the most trending hour in the New York session.It contains two forex scalping trades in gbpjpy one long and one short.I haven't trade at all in the European session due to obligations and I sat i front of my computer approximately 30 minutes after DOW open.After screening gbpusd ,eurjpy and gbpjpy I have concluded that my best chances were in gbpjpy.
GBPJPY formed a consolidation and I was waiting for a long breakout since I had a long signal.Breakout happened and waited for a retracement in the breakout point in order to go long.Price retraced and gave me an entry.After almost 25 minutes the first scalping target of ten pips achieved moved the stop loss to breakeven and I was waiting to see some momentum. Momentum never came , the price retreated and hit the stop loss for the third part.Having my eyes for another opportunity I have trapped eurjpy in case it would come back in the 55 area to take my limit order to go short but in vain.Then I spotted the divergence in gbpjpy and placed the limit order 2 pips below the support area.The limit order activated, gbpjpy made some attempts to go up again and then bam the short momentumВ* came hit my scalping target ,trailing was activated and after a brief run to +26 pips returned and close this order too.In the mean while I have add some to the position and left the remaining in to breakeven.
Hello,Difficult day today.I have lost 2 scalps in the Frankfurt and London open so the third trade gave me the breakeven in eurjpy.Made a video for the third trade which took my losses back and some profit from my last runner part.
Enjoy
Here is also a tip from SOGEN concerning audusdAUD/USD: Weekly Hammer; EUR/USD: Persistence Within Triangle - SocGenAUD/USD has formed a weekly hammer near 0.72 which represents 76.4% retracement of 2008-2011 up move, notes SocGen."It is at the upper limit of a descending channel since May and is facing immediate resistance at 0.7450. With daily RSI breaching above a resistance trend, a recovery is likely," SocGen adds."A break above 0.7450 will mean a retest of recent lows at 0.7560/90 which remains pivotal for an extended rebound," SocGen argues.Turning to EUR/USD, SocGen notes that it has retraced after testing 34 week MA at 1.12."EUR/USD is forming a triangle after retracing from 1.1450/1.1536. Weekly RSI is below 50% graphical level which highlights persistence within triangle," SocGen adds."Triangle upper limit at 1.1385/1.14 should provide strong resistance to a recovery while 1.0865/1.08 decides if retest of 1.05/1.04 happens," SocGen projects.
Hello,Market was very choppy in the morning and we remain idle.American news offered some volatility and a big whipsaw in usdjpy.We took aВ* scalp after the news in calm waters in eurjpy which hold the key support.Currently 137.29 running into a few offers but demand into 137.00Offers 137.60 137.80 138.00 138.30 138.50 138.85 139.00Bids 137.20-25 137.00 136.80 136.50 136.00
GBPUSDdaily chartThe GBPUSD rallied yesterday after previous day's brief rotation lower. We have been calling the GBPUSD long on pullbacks for a number of weeks now and we are still very bullish on this market. If you are not already long, you can continue to look to be a buyer on any weakness whilst price is above that key support zone down between 1.5535 – 1.5465. We see the potential for price to break up and move higher in the coming weeks and re-test the highs up near 1.5920 area.
While the EURUSD moved higher. The USDJPY and USDCHF tumbled lower with high to low trading ranges that well exceeded the averages over the last 22 trading days, the GBPUSD traded in a 65 pips trading range (the average is 104 pips, and is just 9 pips higher from the close.
The bullish is the pair has been able to stay above the 100 hour MA (blue line in the chart above). The bearish slant is the lack of momentum when the rest of the market was selling dollars quite freely. Also, the highs today at 1.5722 took out the August 18 high of 1.5716 by only a few pips. Where are the buyers.
Despite that lack of momentum, the sellers are not exactly lighting the world on fire. As a result, I will defer to the bulls as those in control. Traders will keep that wary eye on failures above - just like they did today - but until the seller are able to push below the 100 hour MA and 200 hour MA (green line in the chart above), the selling is just corrective.
We managed to take a scalp in the American session but this didn't develop in intraday trade
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forex scalping technics-Seven steps to forex scalping success
Hello,Today is Sunday so I have decided to make a seven part series videos which will talk about the most important forex scalping technics .Sorry for my English but is not my mother language.The first part is about your trading room setup.The main and auxiliary computers.The characteristics that your main pc must have.Suggested setup for your main pcI am not running after stupid updates of Microsoft.Many brokers and banks stilluse windows xp because they are stable.End of support ?So what if I don't use it for surfing and there is no email!If your computer has only the platform, the operational system and the tools(eg excel) you use for trading there is no problem.Even if you use it for surfing and you have nod32 security and malaware bytes again no problem.The system is stable as long as you don't go to bad neighborhoods and you use it mainly for forex scalping.Now lets see what your main "box" must haveBig high quality box with lots of fans and space for at least three hard disks(100-150 euros)Main board and chips Intel the fastest and the best quality for windows XP Proffesional you can buy.Low voltage power supply above medium quality (from 100 euros and above)Graphic card with two monitor exits (from 100 euros and above)4 gigs ram.Hard disks.Main disk SSD 120 gigs is a very good option.Auxiliary mechanical hard disk between 1-2 terra for keeping your large files.Backup disk mechanical for weekly cloning of your main disk equal or greater from your main disk. (I use Acronis for this procedure)Keyboard mouse wired suggested brand Logitech or MicrosoftStand alone mic and cheap speakers is all you need to communicate with SkypeMouse pad gaming quality (I use mouse pad steel series, Google )Two Monitors 22'' (I use lg)What I propose for your notebookI don't prefer the great brands. Long time to service response,high cost to upgrade and spare parts only from them.I prefer an OEM notebook from the best service in town.I custom order it with high quality components and I ensure that I have 24 hours repair guaranty.Intel components, 4 gigs, SSD disk.After the initial setup and program platform setups, settings I move the SSD disk to my main and I perform theВ* clone procedure to another disk so whatever happens in the notebook hard disk I have a ready one setup hard disk to start from.Finally I use synergy in both main and notebook. A multifunction printer scanner copier fax suggested brand HP ,INK JETA UPS to protect your equipment from power interruptions ,your router must be plugged there also so in case of interruption to have internet and computers on to handle your positions.Batteries must be changed in UPS every 2-3 years or you will not be protected.These are the basics there are more software tools when I do this procedure in detail but if you perform the above you are in the correct way.All this procedure I perform to my clients handheld through skype and teamvewer and it takes from 15 days to a month to setup all this and have them to become computer savvy in the whole procedure.Lock your door ,close your telephone and you are ready for live trading.If you have any questions feel free to ask.
The yen jumped on the market on Monday boosted by risk aversion and had the best day in years. GBP/JPY dropped dramatically and is about to end the session hovering around 187.50, down more than 2%.GBP/JPY far from lowsDespite having one of the worst days in months, the pair is about to end far from the lows. At certain point, GBP/JPY dropped dramatically and bottomed at 183.06, 3-month lows and 820 pips below Friday’s closing price. Afterwards rebounded rising 400 pips from the lows.The recovery from 183 found resistance around the 188.00 area. The pair could continue to recover if equities rebound during Tuesday’s Asian session. But the global selloff in stock markets on Monday pushed the pair below key support levels, weakening the outlook for the pound.GBP/JPY technical levelsTo the downside, support levels now could be located at 186.90, 186.10 and 184.95 (July 8 low). On the opposite direction, resistance might be seen at 188.10, 189.30 and 190.90.Forget the tech levels unless they are long term and strong. Let the price be the guideWe often preach about watching the price action and in markets like this it is the best guideIf you want to trade then let the price speak and let it build the picture for you. Anything else is guess work.We took a long scalp initially in Frankfurt open were we took the first ten pips and stopped out in the third part.In the American session we took a long scalp achieved the first tewn plus pips for the first two parts and then 70 plus pips for the third partThe battlefield today for the three pairs we follow and the signals they gave in LondonВ* and New York opening in main charts.Unlucky for meВ* I wasn't in the desk during the great moves.gbpusd,eurjpy and gbpjpy
forex scalping conversion to intraday trade GBPJPY
Here is a respectable opinion about the yesterday huge volatility
enjoy:
"'Yesterday we said about almost ignoring the tech for the price action but what do we do after the huge moves ?
There are three main stages to these types of huge moves we saw.
What we do when they look like happening?
What we do while they're happening?
What we do after they happen?
What do we do when they look like happening?
It's advisable to pull ourselves out from the lower time frames and look at the higher ones. Forget the short term tech and look at the longer term stuff. They hold greater strength and provide a lower risk way to trade outside of the intraday noise
Let's take USDJPY and the fibs I highlighted yesterday
USDJPY daily chart
Any of those first three fibs were trad able. Of course having the guts to do it when the proverbial is hitting the fan is the key. Also, I don't think there were many of us who thought we'd see such volatile moves anyway, so who's going to stick an order in 300-500 pips below the market just in case we get a move like that? The main point is that if you have the tech levels drawn up there's no reason why you can't trade them. You've reduced the noise and could get yourself into a very healthy trade
What do we do while they are happening?
This is the stage I highlighted yesterday with the Dow. Now we can come down to the lower time frames. Take a blank page and let the price action build the tech for you. Let it show you where the market is buying and selling and when you've built up a good enough picture you have your levels to trade. There's no need to be a hero but you have your lower risk entry points, your levels to lean against. Trading doesn't get much more live than watching a 5 or 10 minute chart and deciphering the price action where moves are much bigger than normal
What do we do after?
Can we get back to normal? That's what we need to look for. The normal intraday/short term tech may have been blown out of the water but now it's time to see how much of it reasserts itself
1.1450 was level I was looking at in EURUSD yesterday just before it all kicked off. Today we tested it and bounced over 50 pips, then held it for a while before breaking. We've now seen yesterday's low support taken out and become resistance
Slowly the short term tech comes back into play. Plenty of caution is still needed but we can start to move back to trading normally as the dust settles
Reacting to markets is all part of trading but once again, having some simple rules can make it the difference between feeling like you're in the middle of a tornado and being in control""
A simple rule you can remember is that after great volatility ranging follows until the dust is settled.
We lost a trade in London today but we have took our losses back and some profit in a scalping conversion to intraday trade 30 minutes before DOW open.
forex scalping consolidation and breakout 26 82015
forex scalping consolidation and breakout
What are the steps in forex scalping that we must consider in order to trade consolidations and breakouts or plain breakouts from triangles?1)Identify the most suitable pairFind a pair that have built strong support or resistance levels and watch them. Remember, the stronger the support or resistance, the better the outcome. Make sure you understand this when you locate pairs to watch.This is what we did this morning with eurjpy.We had a short signal in our smoothed main chart but we waited the breakout to happen.
Wait For the BreakoutFinding a good pair does not mean a trade should be taken prematurely. Wait patiently for the pair to make its move. Patience Is A Trader's Virtue.3) Set a Reasonable target priceIf you are going to take a trade, set an expectation of where it is going. If you don't, you won't know where to exit the trade. This can be done by calculating an average move that the pair makes or measuring the distance between support and resistance (especially when trading price patterns).4)Allow the pair to RetestThis is the most critical step. When a pair breaks a resistance level, old resistance becomes new support. When a pair breaks a support level, old support becomes new resistance. In the majority of your trades, the pair will test the level it has broken after the first minutes. Prepare for it.That's what we did in gbpjpy in the DOW open when it retested a break in a trendline in our high timeframe chart.
5)Know When Your Trade/Pattern Has FailedWhen the pair attempts to retest a prior support or resistance level and it breaks back through it, this is where a pattern or breakout has failed.That is a fakey.В* It is imperative you take the loss at this point. Don't gamble with your losses.6)Be PatientThis strategy requires plenty of patience. By following these steps, you will reduce emotion and be more objective about a trade.7)Exit at Your TargetIf you are not exiting the trade with a loss, then you are in the trade. You should remain in the trade until the pairВ* price reaches its objective, or your trailing stop is hit orВ* reach your time target without hitting your target price.ConclusionBreakout trading welcomes volatility. The volatility experienced after a breakout is likely to generate emotion because prices are moving quickly and in a volatile fashion. Using the steps covered today will help you define a trading plan that, when executed properly, can offer great returns and manageable risk.The three pairs we watch and their signals today
Today I have made two videos with forex scalping.The first one is about handling ranging conditions in gbpusd signal which appeared some time after the London open.https://www.youtube.com/watch?v=5zDnY44GTJUThe second one is how I take the breakout from ranging conditions close theВ* forex scalping target and convert it in intraday trade.https://www.youtube.com/watch?v=jINauzhn0WYTwo events helped the bears like me today.a.Fresh USD bids hit the GBP/USD pair and pushed it to a session low of 1.5434 after Fed’s George, a well known dove, sounded less dovish.Offered below Key fib levelThe spot was quickly offered to daily lows once it broke below 1.5460 (61.8% of June rally). The USD bulls made a comeback today after the spot failed to sustain above 1.55 levels. The bearish pressure on the Sterling intensified after the upside breakout from the multi week range of 1.5460-1.5690 quickly failed as the spot made its way back in the range.The focus now shifts to the second estimate of the US Q2 GDP, which is expected to show the economy expanded 3.2%, compared to the initial reading of 2.3%.GBP/USD Technical LevelsThe pair currently trades around 1.5440. The immediate support is seen at 1.5409 (38.2% of Apr-June rally), under which the spot could drop to 1.5369 (200-DMA). On the other hand, resistance is seen at 1.5468 (100-DMA) and 1.55 levels.b.The GBP/USD pair dropped to a fresh session low of 1.5415 after the upward revision of US Q2 GDP pushed up 2-yr treasury yield indicating a rise in the rate hike bets.GBP/USD at lowest since July 10The spot breached the support at 1.5424 (Aug 7 low) to trade at its lowest since July 10. The upwardly revised GDP pushed the 2-year treasury yield to a session high of 0.707%. The yield has now erased entire losses witnessed in the recent bout of risk aversion.Moreover, short-end yields represent rate hike bets. Consequently, an uptick in the 2-yr yield is leading to broad based USD strength. Meanwhile the drop in the US weekly jobless claims further added to the bullish tone on the USD.GBP/USD Technical LevelsThe spot is hovering near 1.5415 levels. The immediate support is seen at 1.5409 (38.2% of Apr-June rally), under which the spot could drop to 1.5369 (200-DMA). On the other hand, resistance is seen at 1.5468 (100-DMA) and 1.55 levels.The three pairs I am watching dailygbpusdgbpjpyeurjpy
forex scalping-ideal time duration for a scalping trade
Fridays the trade is weird ,ranging choppy and might hav3e a lot of surprises.The two jpy pairs we are watching were not ideally so we concentrated in pound dollar during the European session.Pound dollar gave a short signal and we waited with patience to take a breath backwards in order to enter.Our entry was almost perfect two pips out from the maximum breath.The forex scalping target achieved 6 minutes after the entry which is the ideal time for the first scalping target.Five to ten minutes for the first target is the ideal time duration for a forex scalping trade.The higher time frame saw also a broken trendline and our entry was almost in the testing level.The trade then converted in intraday and the trailing stop start locking profit.The momentum was extremely good and before we count thirty minutes we were counting approx 60 pips.A get out of trade divergence appeared but we were waiting a support to form in our trigger chartВ* order to close the trade.Then price pierced the spine of northern lights and set course in the median trendline were our trailing stop was.Trailing stop then hit and we finished for our trading Friday with approx 40 pips for our intraday trade.All was recorded in the video ,have a nice weekenD
best brokers for forex scalping-seven steps to forex scalping success
best brokers for forex scalping-seven steps to forex scalping success
Which are the best brokers for forex scalping ?I will try to point to the correct direction today.There is a global law for anything:
you get what you pay
The other general principal for our accounts is:
the more capital you have the better services , the less commissions and spreads you pay.
As bullet point we can mention what we are looking for in a broker
1. Brokers must allow all trading including scalping techniques
2. Non Dealing Desk / ECN
3. Clearly regulated.
4. Offering high leverage.
5. LOW SPREAD
6. No bad reports (Such traders do not get paid, etc.).
Many people don't understand this vital difference so I will explain it as simple as I can.
Firstly, you must know that almost all of the MT4(metatrader platform) brokers are running a "bucket shop".
So when you are trading with an MT4 broker, your order is not appeared in the international interbank market, but it appears in the dealing desk of your MT4 broker.
Basically you are trading either with the server, or with someone in the dealing desk of your broker.
So while in demo you might be profitable but when you deposit real money for your live account ,"mystery spikes",(or re quotes,slippage,no executions) not appearing in any other broker close your positions with loss(stop loss hunting)
So your broker is earning from the spread and from the above "unexplainable spikes and events".
So the broker earns only this commission and the feed you see is not manipulated.
If you want to see a pure feed you must pay a separate feed with monthly subscription.
The spread you will pay depends from the volatility and the pair in the specific moment.Pure demand and supply.You can see zero spread in EURUSD and some times in EURJPY.
The higher the capital you have in your live account, the lower the commissions will be.
Commissions vary from one ECN broker to another and if you are trading a lot of lots each month you can negotiate the commissions with your broker.
The lower the commissions you pay the higher the minimum of lots you are obliged to trade. e.g. Institutional accounts.
If you need any clarifications, I will be happy to answer.
Today the day was very slow and choppy
We took two scalping trades one in eurjpy and one in gbpusd.
EURJPY delivered slowly the scalping target of 10 pips in approx one hour ,then for the next two hours stayed almost in the same levels but presented a high probability pattern I use and name as crocodile which saw north.
While I was waiting the pattern to deploy with small stop loss a short signal in gbpusd appeared and entered a limit order in the breath of the pair.
The order triggered but things went slow for this pair too.
While I was in this pair I have closed the eurjpy trade because I saw the reversal coming ,
Finally after almost one hour and in the starting of New York gbpusd delivered the scalping target and closed everything since the choppiness and slow market tired me.
This pair also tried to reverse just after I closed the trade by sawing opposite signal and then again reversed with a final signal which produced 60 pips.
The end of the month is always full of ranging and unexpected moves and today’s chartsÂ* and trading present this in a clear way.
All of the above is written in the two hour video.
[VIDEO]https://www.youtube.com/watch?v=4fTkqVbzCFE[/VIDEO]
Below you can check the three pairs we watch every day with the trades on and the remarks.
Today forex scalping was more smoothly than yesterday.
GBPUSD and EURJPY responded quickly approx one hour after the London open and start trading south.We took short signals in both but none of them took a breath .
The GBPUSD has probed lower in trading today - moving below the low prices from July and August in the process.
Approx 80 pips for pound dollar and 95 pips for euro yen.
Waiting with patience a retracement came in pound dollar three and half hour after London open in the median line.
Then a resistance is formed and the moment a double top formed in the trigger chart I have entered a short trade with nine pips stop loss ignoring a long signal whic was counter trend in the higher time frame chart.
Forex scalping target achieved quickly in less than 15 minutes and then left the rest with trailing stop.
Knowing that at 7.30 EST the economic announcement of Canadian GDP will influence the dollar I didn't gamble the profits and close the trade at 25 plus pips even if I saw 36 in a moment.
The problem is that there have been two breaks below this area. The first failed. The ensuing correction stalled near the 200 day MA at the 1.53635 (the high stalled at 1.53685). The second probe moved to new day lows and is back up testing that break area (between 1.5329-38). If the price can not stay below, the patience of the sellers may wain and the seller could switch to buyers instead.
ISM data is due. So risk is increased. The market will be looking for clues from the data. A more bullish number and new lows can be expected. If weaker, the sellers will likely become buyers again and we should see a rotation higher in the pair.
The whole trade is written in the video from the beginning .
Here is the three pairs I watch every day with remarks on them.
gbpusd
eurjpy
gbpjpy
As long as you are new to trading and you are learning always look at the higher time frame and take your scalps and trades to the direction they dictate.
Counter trend trades are dangerous to your account and psychology.
Don't try to catch bottoms and top of the mountains you will bankrupt your account.
Today the market was choppy and was lucking momentum.
We took two scalps.One in gbpusd during the European session approx 100 minutes after London open and one in the American session in eurjpy approx 45 minutes after DOW open.
In the first trade gbpusd gave as the most appropriate conditions since it moved in a very narrow range during Tokyo and gave us a signal after London open.
We wait with patience the retracement breath I like to call it and we entered in the trade.
The entry wasn't ideal but the pair gave us the scalping target after approx 20 minutes.Then the trailing begun and in a point we saw 25 + pips .After this we saw a support forming ,an opposite signal in the middle trigger chart and we wisely decided to take all the trailing profit and get out.As you see in the chart below we did well because the pair reversed.
We didn't touch eurjpy and gbpjpy in the European session since both of them moved in wide ranges during Tokyo. Approx 150 pips for gbpjpy 100 pips for eurjpy.
Then in the American session eurjpy broke the Tokyo range (Archimedes breakout)entered in a small retracement of 10 pips from the brake and took the forex scalping target as you see in the pictures for the two thirds of the position.
Left the rest on trailing but while the trailing stop reached the entry point eurjpy retraced and hit the stop loss.
So with these two trades we secured our primary target to remain consistent profitable one more day.
The first trade is written on video were I explain what I call Archimedes breakout (Tokyo range breakout) and the second is in the pictures below.
The day was difficult initially because the two first trades hit stop loss.GBPUSD and GBPJPY had volatility during the night and they didn't producedВ* fresh signals in the London open.In addition we had pound news.EURJPY on the contrary had a very narrow range during Tokyo and ranging for long hours.The pair produced a fresh signal a few minutes before London open so I waited carefully for a retracement.The retracement came and I enter the short trade.The minutes was passing and the pattern I call crocodile formed the bollingers in the trigger chart contracted and inner support and resistances formed .The breakout was eminent and it would be a large one after so many hours of ranging.The pair violated the resistance to the upside and due to high probability of breakout I went long to the fresh long signal loosing 5 pips in the first tradeВ* .I was taking also a counter trend trade to my higher time frame chart.Some minutes passed and the momentum wasn't there.The pair started to fall slowly ,the pair pierced the support inside the range again and decided to try for third and last time short again .The procedure of the three trades took approx one and half hour.Placed the stop loss ten pips above and closed the platform .I have checked again in London close to find 162 pips in my intraday trade.Finally closed 158.Thursday have statistically very good intraday trades and they are consider from the trending days of the week.https://www.youtube.com/watch?v=YfSFAQqtTeQeurjpy trigger and main chart with marked trades on them and remarksMain chart eurjpy The other to pairs I watch daily gbpusd and gbpjpy
The day was difficult initially because the two first trades hit stop loss.
GBPUSD and GBPJPY had volatility during the night and they didn't produced fresh signals in the London open.In addition we had pound news.
EURJPY on the contrary had a very narrow range during Tokyo and ranging for long hours.
The pair produced a fresh signal a few minutes before London open so I waited carefully for a retracement.
The retracement came and I enter the short trade.The minutes was passing and the pattern I call crocodile formed the bollingers in the trigger chart contracted and inner support and resistances formed .
The breakout was eminent and it would be a large one after so many hours of ranging.
The pair violated the resistance to the upside and due to high probability of breakout I went long to the fresh long signal loosing 5 pips in the first trade .I was taking also a counter trend trade to my higher time frame chart.Some minutes passed and the momentum wasn't there.The pair started to fall slowly ,the pair pierced the support inside the range again and decided to try for third and last time short again .The procedure of the three trades took approx one and half hour.
Placed the stop loss ten pips above and closed the platform .
I have checked again in London close to find 162 pips in my intraday trade.Finally closed 158.
Thursday have statistically very good intraday trades and they are consider from the trending days of the week.
Hello traders,Forex scalping didn't start well in the morning.Pound dollar and pound yen had a party last night in the Tokyo session with no fresh signals.Euro yen had a party last night after deploying a bear flag but had a fresh signal and a divergence pointing up.So I took the trade with the usual stop of 20 pips.As you know in trading nothing works 100% of the time, so trade went sour and our stop loss is hit.Since it was NFP day I knew it will produce weird and choppy trading so I closed the platform and I was looking for a chance after the release to take back what the market charged me for the morning counter trend trade.Approx one and half hour after DOW open I have spotted a very tide range in gbpjpy with repetitive short and long signals in my main chart.I spotted a fakey breakout upside and the moment the pair reversed and broke the opposite support I enter in the trade with tide stop loss.I took the cream of the trade with the momentum hitting approx 50 pips took my losses back and some nice profit.Everything is written in the video and trades are on the pictures with remarks.Have a nice weekend.
forex scalping software with in-dependableВ* feed from broker.This is the third part of seven steps in forex scalping success.forex scalping demands to know your tools of the trade.A professional trading platform in-dependable from the broker you have your account and separate market feed ensures that, what you see in your charts is correct and precise.The problem is that software costs and feed is in a monthly subscription basis.That means that the above combination is not suggested for newbie traders with small accounts.Of course that doesn't mean you can't try them in demo or trial accounts and have in your mind what is out there to help you, if you succeed in your first steps and you decide to do professional trading for a living.A lot of software applications are available from brokerage firms and independent vendors claiming varied functions to assist traders. The deciding factor to select the right product should be based on the product functionality best fitting one’s trading needs. Novice traders who are entering the trading world can select software applications that have a good reputation with required basic functionality at a nominal cost, while experienced traders can explore individual products selectively to meet their more specific criteria.Most brokerage firms today offer free or premium trading software applications to individual clients when they open a brokerage account. The bundled software applications, offering a wide variety of trade, research, and analysis functions, are used as a prominent sales-pitch to the trader client. They also boast features like in-built technical indicators, fundamental analysis numbers, integrated applications for trade automation, news, and alert features. We will examine some of the most widely used, based on featuresI included in the list software for stocks also.Sorry for my English I am trying to improve by use them daily.See the video below
My trading room setup one main pc with two 22'' screens networked with an auxiliary (clone of the main) notebookВ* all controlled by one wiredВ* mouse and one keyboard with Synergy. Preferred platform ninjatrader connected with one of the suggested ECN brokers
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