Novice Trader- Seeks advice?

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Old Oct 5, 2003, 4:47pm   #1
 
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Joined Oct 2003
Novice Trader- Seeks advice?

In the maze of trading software & courses, where do I start? Having read and digested various publications to get an insight into trading I'm still uncertain where, and which way to go, if any!

Do I take the plunge, or carry on reading? Any advice would be appreciated.

Regards
Gron
goronwyedwards12 is offline   Reply With Quote
Old Oct 16, 2014, 3:57pm   #2
Joined Nov 2009
I'm sure there is a lot of information regarding what you're asking on this forum, however, I'll humour you.

A few tips:
http://www.trade2win.com/boards/first-steps/

The first three stickies should be really useful to you.

Other handy tips you'll probably see on those stickies that you shouldn't ignore as a beginner (like I did and that cost me years of my life):

1. Keep it VERY simple
2. There is no holy grail (system or indicator)
3. See point 1
4. See point 2

If you're going to study any one area extensively, make it money management, rather than systems and indicators, here's a decent start:
http://www.investopedia.com/articles...management.asp

Good luck
sethmo is offline   Reply With Quote
Old Oct 20, 2014, 6:45am   #3
 
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Joined Oct 2014
Unfortunately there is no detailed and well structured, and free resource available anywhere.
meva_j is offline   Reply With Quote
Old Oct 20, 2014, 8:01am   #4
Joined Nov 2009
Quote:
Originally Posted by meva_j View Post
Unfortunately there is no detailed and well structured, and free resource available anywhere.
Actually, there is, try:

www.babypips.com
sethmo is offline   Reply With Quote
Old Oct 22, 2014, 4:44pm   #5
 
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Joined Oct 2014
I would suggest that you understand the microstructure of the FX market: http://www.princeton.edu/~ies/IES_Studies/S89.pdf

Its a deep read but gives a good perspective which you won't find on retail trading forums
vol-guy is offline   Reply With Quote
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