OBJECTIVE The purpose of this study was to summarize published articles of trading in Dukascopy Contest Articles. DATA SOURCES Articles were identified by searches of Dukascopy archives of published contest articles. All articles were reviewed by the author of this study. After eliminating overlap, 100 studies were retained for analysis. RESULTS 1.The most important trading skill is-effective, disciplined and excellent money management. This includes the prudent use of stop-loss to manage risk of loss. The key management rules are: preserve account equity, never risk more than 2% of capital on any one trade and move your protective stop to break-even as soon as possible.2. Stay with a trend because the probabilities of success are far greater when trading with a definable trend. When researching a market bring up monthly and weekly chart to see if there is a long term trend. Elliot wave theory should be used to identify a five-wave motion which goes in the direction of the major trend and the “correction” in three waves. Fibonacci levels should be used to identify support, resistance and turning points. When Fibonacci levels are combined with candle charts this will help you enter …
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