Hi zosoforever There's such high competition between brokers now that I really think any decent true ECN/STP broker has to be able to cater to news traders. Here's what IC Markets say on their website: Due to the diverse liquidity mix comprising of ...

Liquidity providers and News trading

Thanks ghaaran :-) Yes, staggered targets is a great way to go. I know some traders who use staggered entries but only one exit. I prefer staggered entries and staggered exits. That way, the "unlucky" losses are smoothed out. Another thing I've ...

Risk Reward: 1:1, 1:2 or 1:3

I started trading as a way of making some extra money and now I want complete financial freedom!

Why did you start trading and what do you expect from it?

In answer to your question... yes and no. You can learn how other people trade from reading books on the subject but the only way to learn how to trade YOUR way is to trade. I really can't see how anyone can learn without putting the hours in the ...

Can you learn to trade from books?

Hahahahaha

Professionals don't trade every day

Being able to decide NOT to trade is the retail trader's biggest edge imho...

Professionals don't trade every day

While bouncing ideas off one another is great, ultimately we are on our own in the markets. Have learned to trust myself and focus on my plan and no-one else's

(binned per thread starter’s request) What have you learnt since

“The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.” - Albert Camus

Quote of the day - Trader’s oomph!

I'd be very surprised if any trader didn't know about these new regulations, even if they don't frequent trading forums. At the very least, they would have had an email from their EU broker informing them of the upcoming changes.

European Traders - new ESMA regulations!

This is correct. Spread betting is classed as gambling by HMRC and so any profits are not taxable. Any profits from other trading e.g. CFDs are classed as income and so normal income tax applies. Any trading where you actually "own" the product e.g. ...

UK Spread Betting Brokers

Yes, but any profits from, say IC Markets, would be subject to income tax on withdrawing to a UK bank account, whereas any profits from spread betting are completely tax free (classed as gambling in the UK)

UK Spread Betting Brokers

Interesting thread! :-) After a lot of trial and error, I pretty much stick to setting a TP at 2R most of the time. This does of course mean that I miss the big winners but I find my equity curve is a lot smoother this way. This means my ...

Risk Reward: 1:1, 1:2 or 1:3

Can't help sorry, but I'm sure someone else will be able to... Good luck :-) (just bumping thread)

Broker/software to simulate hedging from U.S.

Yes, avoiding tax is obviously my preferred option too! But, if it's the choice between trading and paying tax and not trading at all (or at such small stakes that it's hardly worth it), then unfortunately I have to "choose" to pay tax! Hahaha

UK Spread Betting Brokers

I have spread bet with IG for years and was very happy with them. But, since the ESMA leverage increases I have moved to IC Markets. CFDs rather than spread betting but it's the only way I can keep trading at the moment...

UK Spread Betting Brokers

I think you're all splitting hairs here... ...the fact is figures have NOT come back as 95%. Far from it!

Official percentage of clients losing money (EU brokers)

Are you sure IC Markets are refusing French clients? I would be very surprised if this was the case. Their website states: IC Markets does not accept applications from residents of the U.S, Canada, Israel and Islamic Republic of Iran. but says ...

Broker for French residents

Seems like a fair calculation to me... Thanks for looking into it Drolph :-)

Official percentage of clients losing money (EU brokers)

Fair enough, the important thing it to do what's right for you. All the best in your trading

EU is lowering leverage. What now?

Very likely to be in the same ballpark as the others...

Official percentage of clients losing money (EU brokers)