I have started trading recently, want some advice on few points.
I am seriously thing of doing it full time and its not just for money but I am really enjoying.Should i go for it? I have tried stocks, stock futures,Nifty futures and Commodities.However I am doing well, enjoying and comfortable with Nifty futures and Natural Gas commodity and maybe USD/INR futures but Nifty will remain integral. However I only have capital to but 2 lots of Nifty but still doing well with it.Is it enough??
There is no great strategy as such but i try and remain mechanical with the process like buy/sell as per indicators signal, exit, book profit at predetermined target and book loss also at level I can bear. What is the right ideal Risk/Reward ratio??
The indicator settings I keep are longer to avoid false signals. I dont want advice but just want you all to help fine tune my process and indicator settings.
- Chart-5 min
- RSI-Period -14-Overbought-70 and oversold 30
- Parabolic SAR-0.02 and 0.20.However I buy or sell only after 4-5 dots are developed.
- Stochastic Momentum Index–% K periods-12,% K smoothing periods-7, % K double smoothing periods-7,% D periods-10,% D Moving average type-Exponential
- Supertrend-10 and 3.
Finally Is there any complete distance learning course regarding all this covering derivatives, technical and fundamental analysis, currency etc.
Thanks in advance.