Ynot51 from down under

Hi my name is Tony from Australia. I retired 6 months ago at the age of 70. No i have recreated my life and set up trading account. My favorite is the Crytos so learning heaps at the moment.
Cheers from Downunder

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Love it Tony! Great to hear you’ve decided to learn a new skill and hopefully with a good set up behind you to have no reliance on trading. What do you like about cryptos vs FX?

Hi from the United States! Wishing you luck out there.

Hello Tony. I’m al, welcome to babypips mate. I love crypto too. How much experience in trading do have down allready? If you don’t mind me asking of course, only ask as there is a brilliant section on the website menu under education. Even for an experienced trader its worth scanning as a refresher. Wish you all the best in your journey and if there’s anything your unsure of don’t hesitate to ask . brilliant community here on the forum

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Hi.You could also trade the indices - particularly DAX, DOW, FTSE, and NASDAQ. A word of warning -whereas FX lot sizes and crypto could be e.g. 0.01 - 0.03, these indices relative lot size is 0.10 - 0.30.

I have a tried and tested profitable strategy used for London & NY breakouts for DAX & DOW. A five minute roller-coaster ride…

Oh god! I don’t want to even imagine trading a 5M chart! Hahaha

However, I do like the idea of jumping in and jumping out. I imagine it’s really hard because you have no time to think.

Do it for those who can’t!!!

@ynot51 Welcome and study hard!!

It’s easy. Identify the high and low for the hour before opening time. Just enter a pending buy stop AND sell stop trade. Set your price target at the low and high and your S/L&T/P at 9 points both sides four minutes from opening.You will have 2 waiting trades. It’s fun to watch.

Hello thankyou I like the cryptos for there volatility and its exciting

Hi from lockdown Australia

Thanks for the tips mate will do

Welcome to the forum Tony !
Your going Headon into Crypto after retirement. That’s the spirit you certainly won’t be bored !!