Futures :: Forex Trading

Paper Trading Futures

www.tradingsimulation.com - this looks like a very interesting site, created by a daytrader, he has free software that will allow you to paper trade, and from what I could read it is free, and will use live quotes from IB.

http://hello.zecco.com/landing/search/forex01/?gclid=CNb294bEyZoCFQ0qbAodOXms1g - this is a forex trading site that offers a free paper trading account.

Forex how to trade - times to be at your computer:

3am EST London opens up

8am EST New York start

8:30 news imbargo lifts

Noon London Closes

5pm New York closes

7pm Tokyo opens

9pm Singapore opens

Pivot Points -

Ross Hooks

50 and 200 Moving Averages, look at those.

looks at 15 minute charts.

scalp off 5 minute chart sell highs over bought, then buy lows that are over sold, during chop time.

Commercial traders are sometimes early, but never late, follow them and look for a break in a trend line to get in the trade.

Things to check out... carry interest paid when there is an interest difference between the currency pairs.

Tuesday, May 19, 2009