Saturday, November 30, 2013

720 - IG market

Had a chat with my brother few days ago, and he is doing quite well in the shares market currently. He mentioned about his platform, IG market.

Out of curiosity, I went to visit their website, and was totally impressed with it. It looks so simple and friendly. And after spending a few minutes applying an account, I was already using their platform. Even though it was my first few minutes of using it, it already feels so familiar. 

Using their charts, I am able to learn more about a company share so quickly. Many things about their platform from application to utilization is so intuitive. I am already thinking of selling all my current shares and moving the funds to that account. It made me think of also transferring my Forex funds there. They have so many financial instruments in one platform. But for now, I think I will stick to GFT for my Forex trading.



Just now, after a few moments of play around with charts in the IG platform, it made me recall something that MasterGunner said. 

He says that he will wait a few more Candles around a Resistance/Support zone before deciding where the trend will go. I think he says he wait for around 3 Candles. Maybe I should also start doing that. Currently, I just wait on 1 Candle before enter a trade. Usually the one Candle is a signal which I learned from 'Naked Trader' book. 

The signals are also what my trader uncle not know of. He heard of it, but he doesn't use them. Maybe I should also do as what I understand they meant. When the Price hits a zone, observe the Price Action around it for a few more days, before determining if it is a Rebound or a Breakout.

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