To be able to manage risks fairly properly, we recommend a minimum account size of £1000 or $1000. Also, aim to do one trade per £1000. Example,£1000 account, 1 trader at a time. £2000, 2 trades at a time,etc.
Depending on the signal time frame(H1, H4, or D1 signals), the trades could last from 1-5 days.
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We analyze the markets at the end of the trading day. We should post the signals by 00.30 BST(British Summer Time). You may need to reconcile this time with your local time.
Here's our recommendation below
Account size £1000> 1 trade max at a time
Account size £2000 > 2 trades at a time max
Account size £3000 or above> 3 trades at a time max
This should make risk management fairly easy for you. More trades at a time more attention required and even more problems.
There's no right or wrong answers to this question. Any time frame could give you profits as long as your strategy is right. That said, we are mostly swing traders. So we prefer D1 TF. However, do we do H4 and H1 occasionally if we find good setups there. Another reason we prefer to trade on D1 is news impact may not be as much as on the lower TF. Plus, it's slower so it gives us time to correct any mistakes made at trade opening.