The obvious part if you've understood all the previous posts.
It's easier to start with how Not to trade .
Wrong - cherry picking "strong" levels. Every level is a level, not better & not worse than another one. Choosing the supposedly strong levels is a subjective thing that reduces expected value & consistency.
Right - operating at each level on a given...
Not all indicators are useful: most are not, and some are downright misleading. Previous posts and studies, such as LuxAlgo's(1), determined that effective indicators need to: 1) produce data to support the trader's decision-making process, not substitute it with automated strategies, 2) produce non-redundant infos. But how do you select indicators in practice?...
POTENTIAL SCR*W FACTOR
1. Must have a centralised price feed to insure reliability of quote.
1a. There should be no delays, re-quotes, rejections or manipulations of price.
2. Check fine print of contract for any unfair rules they may impose upon you as a trader.
3. Are there conditions in the broker agreement under which profits can be made void and if yes,...
BROKER RISK PROFILE
1. Must be regulated by a regulatory authority.
2. Must have a (relatively) clean regulatory record.
3. Must have they been in business for several years.
4. Must have a segregated bank account for holding retail client funds.
5. Must be a member of a compensation fund, which compensates losses (up to a certain amount) in case of...
