A buy stop you would use on a breakout trade. whereas a buy limit you would use if you were looking for the pair to bounce off a certain level but continue going long after the retracement. Dont make it harder then it has to be.

Why there is difference between buy limit and buy stop?

I think it is awesome and wished I had found it years ago! At around $40 on amazon it is one of the more expensive books that Ive bought this month but well, well worth it! Might be a bit harder if you are a beginner, likely the reason I never read ...

Trading Schools

Try Studying for the CMT, Chartered Market Technician They might hold classes for it, especially in NYC, but if not they have a good resource list on their website of books to read for self study. url Here is a breakdown of what is on the test ...

Trading Schools

I asked this question once myself. Think of it like this (I still have it printed out and taped to my old monitor) Pending Orders Buy Stop = Going LONG once price comes UP to hit the entry Buy Limit = Going LONG once price comes DOWN to hit the ...

Why there is difference between buy limit and buy stop?

No problem Cinex. There is another interesting show called million dollar traders about a UK fellow who tried to make his own turtle group. It is a rather interesting mix of personalities and is also good to watch the psychology of them as they ...

Trainee Trader job?

It shows me that she has no focus and no determination. 3 different jobs in as many months and she cant get her head in the game. SMB looked like a fabulous laid back yet intense place to work. Same with the investment banker in France, though a lot ...

Trainee Trader job?

YES! Google! What a great start. Ok, so now you have not found exactly what you are looking for. Dont give up. Think outside the box. You are looking for 'how does a trader find the best possible price for his manager'. Well now lets take it a step ...

Trainee Trader job?

Just a forewarning. This type of job is a lot more than "show up and collect a paycheck" and I hope that is what you will glean from this post. This is going to be a problem for you. You seem to think it is all about getting hired, what happens once ...

Trainee Trader job?

Lots of good info out there if you try to google it...

When does CFTC make its decision?

Im currently reading Technical Analysis Explained 4th Ed. by Pring and it is excellent. I would also recommend Trade Your Way to Financial Freedom by Tharp as well. I also have Supertrader by him on my self to read soon.

Good book about Forex?

The best post on the thread. Odds are you arent even close to trading 100 (standard lots, nano is another story altogether) so why even worry about the "what ifs"? And, if in the SLIM chance you have the ability to trade 100 lots why on earth would ...

Is there enough liquidity to scalp 100 lots on 1 min chart?

For the past 2 years Ive been using the HTC TyTn II (AT&T Tilt). But AT&T's service has gone to hell lately and I so I fired them. I went with Verizon (yup, I liked the maps) and got a droid and an htc Imagio. The imagio is used for trading/work ...

Best PDA Phone

There is a show called "Wall Street Warriors" and you can find it on hulu or mojo if you want to watch it. They basically follow around different finance folks who work in and around Wall St. My favorite was Brett a 26-28 yr old who runs his own ...

Trainee Trader job?

Because the mantra of the U.S. government is " If it aint broke.... regulate it until it is!"

Proposed 10:1 leverage... from when?

Also proves the point that one persons treasure is anothers trash...

A great forex chart !!!

Hey, I get it, he is new. Thats great, we always need some fresh turn around here but do you really think that you can just show up and get paid? Sorry but trading just isnt like that. It takes hard work to succeed and if you cannot find and process ...

FOREX Schooling

Laziness will get you nowhere... url

FOREX Schooling

Probably as soon as possible since it took them no time at all to restrict hedging in the US...

Proposed 10:1 leverage... from when?

Well with DjiXas's mess I don't feel so bad about not having all my cables tied up properly. My old Chief would have reamed me for that. Anyways. this is my setup. I haven't taken pictures of my "Relaxation Station" yet but it includes 2 other ...

Show us your workstation!

Try this indi out, might be just what you are looking for.

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