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Hello, I'm a brand new trader and been trying to trade zb and tf. Not having much luck. Is there an indicator I can get to know when to buy and sell or any tips for me. I have no idea what I'm doing. But want to learn. thanks
Can you help answer these questions from other members on NexusFi?
Rather than using indicators, I would recommend reading Wyckoff's law of supply and demand. Learn price action. If that is still hard, read up on using Bollinger bands and trade as many days as you can.
Very unusual products to start in. It's like watching paint dry. The shortest time frame I would ever trade that would be a multi-day swing. Additionally, the ticks are huge in relation to the possible daily move.
I would recommend scalping Japanese Yen and the Euro in Demo Mode for a few months. There is sufficient volatility and liquidity to familiarize yourself with price action and volume behavior. There is a very good reason why membership seats are expensive for this type of product. Do a ton of reading while in demo mode.
Additionally, bring up a chart of ES and see how they are often correlated in the short term.
Learn the fundamentals of what drives the short end of the yield curve versus the long end of the yield curve first.
Make sure you know when the buy the spread versus selling the spread. This is going to be more important than any indicator. I would say that a cursory glance of the retail indicators available, none of them present an easy button solution, especially when it comes to bonds.