Hi All,
I sincerely apologise if the following has been answered before, however, I truly respect the users in this forum and your guidance is very much appreciated.
I started trading FX in 2012 and I only became profitable in the last 12 to 18 months. I was a technical analysis based trader, who has recently added fundamentals and news to my analysis. I was more of a intraday/swing based trader in FX.
I find more enjoyment from researching Aus shares. I have built some capital and have around 40 to 50k to use. I am looking at still trading intraday to swing as I now have more time when our markets are open here in aus. Although I was finally profitable with FX, I did not enjoy trading those markets. I find it hard to motivate myself. I do and always have enjoyed the share/stock market but never traded such instruments. I did some manual testing (I know its not best - curve fitting etc) BUT I find my % growth to be higher than FX. So it seems logical from a mental and practical POV to switch.
I was looking at USA markets however, I would prefer ASX. The PDT rule would not affect me but the time zones do.
Could I seek some guidance from the collective here? Questions below:
1. I use Trading View because Market Profile forms part of my analysis. Does anyone know of a Aus broker for ASX who offers a platform with Vol Profile and a user-friendly DOM to interpret? ( I was looking at iguana2 spark however the charts dont seem to have drawing or Vol profile (they have a great orderbook display though).
2. Im happy to just keep using tradingview, if there are no solutions to my first question. If this is the case, any ideas of a ASX broker who is cost-effective with an API or trading view integration? If not, just a good broker for ASX with my analysis on trading view will suffice.
3. What is the best scanner for ASX for volatility, and can you help me find a solution for all news/fundies for ASX stocks? I am fine with Macroeconomic analysis, but rather company specific or industry-specific catalysts?
4. Is there anything else I should consider moving from FX to ASX trading?
5. Finally, if there are considerations I need to resolve, could anyone recommend an educator for this (if needed).
Thanks so much.
M
I sincerely apologise if the following has been answered before, however, I truly respect the users in this forum and your guidance is very much appreciated.
I started trading FX in 2012 and I only became profitable in the last 12 to 18 months. I was a technical analysis based trader, who has recently added fundamentals and news to my analysis. I was more of a intraday/swing based trader in FX.
I find more enjoyment from researching Aus shares. I have built some capital and have around 40 to 50k to use. I am looking at still trading intraday to swing as I now have more time when our markets are open here in aus. Although I was finally profitable with FX, I did not enjoy trading those markets. I find it hard to motivate myself. I do and always have enjoyed the share/stock market but never traded such instruments. I did some manual testing (I know its not best - curve fitting etc) BUT I find my % growth to be higher than FX. So it seems logical from a mental and practical POV to switch.
I was looking at USA markets however, I would prefer ASX. The PDT rule would not affect me but the time zones do.
Could I seek some guidance from the collective here? Questions below:
1. I use Trading View because Market Profile forms part of my analysis. Does anyone know of a Aus broker for ASX who offers a platform with Vol Profile and a user-friendly DOM to interpret? ( I was looking at iguana2 spark however the charts dont seem to have drawing or Vol profile (they have a great orderbook display though).
2. Im happy to just keep using tradingview, if there are no solutions to my first question. If this is the case, any ideas of a ASX broker who is cost-effective with an API or trading view integration? If not, just a good broker for ASX with my analysis on trading view will suffice.
3. What is the best scanner for ASX for volatility, and can you help me find a solution for all news/fundies for ASX stocks? I am fine with Macroeconomic analysis, but rather company specific or industry-specific catalysts?
4. Is there anything else I should consider moving from FX to ASX trading?
5. Finally, if there are considerations I need to resolve, could anyone recommend an educator for this (if needed).
Thanks so much.
M
