My view on trading is to keep it simple using TAs on a 1min chart I trade between the hours of 6am and 8am in the UK and head to work at 8, so all trades have to be closed out by then. I only trade GBP/USD to avoid information overload Indicators I ...

UK Spreadbetting tax rules

Thanks for that Andy. Broadly what I expected. I contract through my own consultancy ltd company, so as you say, if I have a job which pays income tax I should be OK. Therefore the answer for me could be to pay the first £10,000 of profits per year ...

UK Spreadbetting tax rules

I think there are plenty of pips to be taken on small time frames. Particularly because technical analysis indicators (esp RSI) I are much more sensitive and less driven by the trend. Obviously you can get this to work for you or it can work against ...

Noise preventing profitablity altogether?

Anyone?

UK Spreadbetting tax rules

This is the complete answer you need. Not only does RSI not work on its own, but if you rely on it 100% of the time you will be open to huge risk. There is no such thing as an indicator which is always right.

Relative Strength Index, will it be always right?

Haha. It varies a lot more than the word 'typical' would suggest. I can't recall ever seeing it at 2 for GBP USD either.

Ig market ratings

IG are absolute bastards sometimes in the way they manipulate their spreads. I love the interface though... can't answer your other questions because I am on the spreadbet platform, IG Index. I think there's probably better brokers out there.

Ig market ratings

Nice post skyhook. I've seen people do it myself, not with FX but with equity and fixed income. A couple of the traders at the bank I used to work for traded in their spare time and made several hundered thousand out of it. It's certainly possible, ...

Full Time Traders in FF?

Have you had situations where you've been in the red THAT far on a trade and still seen it recover (based upon the signals for which you made the original trade, not luck)? If so, then fair enough, but if not then why go so far. However as said ...

Money Management?

My first post, so hi everyone. I have also just started trading live with an aim of 10 pips per day. I am using IG Index Spreadbet as the broker. I may move elsewhere later on as I know they can be rip off merchants at times. I think 10 pips per day ...

10 pips daily isn't enough?