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fatfairy

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About fatfairy

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  1. Take your time and start very very small. Don't underestimate the importance of looking after yourself and working on your mindset. The psychological side of trading is often overlooked. Choose a strategy that suits your temperament. Also, keep it simple - here's a great article about just that: Simple Trading Mindset All the best 🙂
  2. I stopped trying to answer the "why" questions a long time ago! It would always get my head in a spin and I would always end up more confused! 😂
  3. I used to get frustrated when weekends came around because I couldn't trade but now I enjoy the enforced break from the markets. Trying to trade over the weekend is not going to help your health and mindset over the longer term. Maybe use the weekend to work on yourself, your health and do the things you really enjoy. Just getting some perspective can really help your trading. Here's a website with some great ideas: https://www.thistradinglife.com/post/7-things-to-do-outside-of-the-markets-for-trading-success Even if you want to do trading-related stuff, there's plenty of backtesting, strategy development and general reading around the topic you can do without actually trading. Oh and the spreads are HUGE too!
  4. That's interesting... thanks James I will take a look! 🙂
  5. Hi Cate I'm pretty sure you could do that no problem as the new margin requirements only apply to new positions. Of course, if any of your positions needed to rollover, that would be the equivalent of opening a new position and so any rollover would be affected with the new margin requirement. Don't take my word for it though! Good luck FF P.S. I hate ESMA too!
  6. I agree with a previous poster... ASIC-regulated Australian brokers like IC markets are one of the better options (for now). Don't know how long they will accept EU clients after 1st August though. Also, if some are to be believed, it's only a matter of time before non-EU brokers are affected by similarly-restrictive regulations. Everything changes and this might only be a short-term solution. But, if the choice is using a non-EU broker or stopping trading altogether, I choose the former.
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