Giuseppe Basile, CSTA/IFTA
FibStalker Trading
In this session I wanted to answer a number of recurring questions I get all the time and particularly in the last few weeks.
I addressed some of the aspects that starting and intermediate traders have to consider. Firstly charting (depending on how "visual" your method is). For instance I trace tents of hundreds Fibonacci studies every year on my charts and that study has to be smooth, along with the clarity I get from the chart itself, and how price is represented.
It is very personal. There is no one-size-fits all and if you are starting just be happy with MT4 with a leading broker (check on FXStreet website the comparison between different brokers).
As you account grows (with experience, thus start small), you can pick different solution and different brokerages solution that open up to other asset classes and instruments.
A typical evolution is to trade forex using currency futures on the CME/Globex.
Watch the full video for more information and the hooks and advices on your typical path as a trader.
We then analyzed the EUR/USD ready for a potential move into 1.1020 to test for longs, AUD/JPY which could trade into 85.15 and find resistance, for a move into the 82 area and the EUR/CAD which has traded daily resistance, for a potential continuation lower into 1.2880 area.
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Come daily to Live Video and chat with experts and traders.
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I addressed some of the aspects that starting and intermediate traders have to consider. Firstly charting (depending on how "visual" your method is). For instance I trace tents of hundreds Fibonacci studies every year on my charts and that study has to be smooth, along with the clarity I get from the chart itself, and how price is represented.
It is very personal. There is no one-size-fits all and if you are starting just be happy with MT4 with a leading broker (check on FXStreet website the comparison between different brokers).
As you account grows (with experience, thus start small), you can pick different solution and different brokerages solution that open up to other asset classes and instruments.
A typical evolution is to trade forex using currency futures on the CME/Globex.
Watch the full video for more information and the hooks and advices on your typical path as a trader.
We then analyzed the EUR/USD ready for a potential move into 1.1020 to test for longs, AUD/JPY which could trade into 85.15 and find resistance, for a move into the 82 area and the EUR/CAD which has traded daily resistance, for a potential continuation lower into 1.2880 area.
-----
Come daily to Live Video and chat with experts and traders.
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