Hope you're fine. Thank you for your questions. DMM FX all of a sudden becomes the worlds second largest broker... big news. Marketers are marketers. Whether they are big or small does not matter. FXCM is supposed to be the largest and we all know that they were caught doing dodgy activities such as fake slippages and other stuff for which they are now paying millions in fines. Having a good broker and learning how to trade are two things. Its good to have a good car but also a good driver. A good driver can drive any car a bad driver will wreck any car.
Having said that, if you think DMM is good then thats great good for you and good luck. I have not used them so cannot comment but I warn everyone there is no Good broker in the world they are all unfortunately after your money. They are mostly unregulated and can at times do stuff we don't like but this is the world of forex so best to stay with the most reputable ones like the top 10 on the list but it depends where you get your list from. Answers to your Question:
The Market has a structure and that structure is eWave and eWave has structure and that structure is AIMS Boxes. That structure almost never changes. A tree grows branches branches grow leaves and fruit. this structure does not change. Would you stop eating apple from apple tree because its 15 years old? The strategy explained in the Setup eBook works exactly as explained. The only thing changed is that currencies are not as volatile as they used to be. No problem, its actually opportunity. We traded m1 because it allowed us to trade with smaller stop losses. Now we can trade higher time frames and have smaller stop losses. We are happier than before. Now you can trade m5/h1 or M15/H1 using same technique explained in the book and you might not need more than 15pip stop loss. We are having great fun. But meanwhile I found an instrument that moves like EU used to move in the past. The trick is, you need a pair/commodity/stock or index that gives you a. lowest possible spread (max is 2pips spread) and b. more than 80 pips average daily range. If those two conditions are met, you might consider that pair for m1. For now no currency pair fit there as all of them are showing very tight average daily range. and as I pointed out , thats not a bad thing. Thats a good thing, its easier to trade higher time frames and with lower volatility things have slowed down making it even more easy to trade. So pick any pair EU or GU or UJ or EJ depending on spread and your geographic location and trade it on M15 or h1 or above.
Hope this helps
cheers
ps: join us in the chatroom if you'd like to learn how to trade. Free Lessons given every day again and again... (I don't get bored haha)
