Summary: Im
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Orders
This is a preview. There are 32 more flashcards available for chapter 06/02/2016
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What is a Stop order? (IM def)
Stock is ON the line -
How do you calculate where to get in = ENTRY PRICE? (IM)
1% above the support line -
How many trades does IM recommend at one time?
6 trades
long as well as short -
How to work out how many of the stock we buy?
You only want to risk 1% of your total capital. -
Are we RETAIL of WHOLESALE buyers?
RETAIL (not wholesale like Banks)
Therefore we always go with the trend. -
Do we have expectations about what the market will do?
Traders never have expectations of what the market will do...
follow the rules! -
How much can you expect to earn with Buffelo technique?
3-6% per month.
If you want to earn more than 6%, you need to move to Forex -
How long do Day Traders spend on the computer (minimum)?
4 hours per day, checking every 15 minutes. -
When does the FOREX market open & close?
Closes Friday evening.
Opens Sunday evening. -
Which 6 pairs of currency are the most profitable in FOREX?
£/$
€/$
€/Yen
£/Yen
US$/Can$
Aus$/US$
............
Note: Some brokers have multi-currency accounts.
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