Min £500 per week required to earn to cover basic housing costs....give up the day job
Low cost set up
Already have iMac.....can load on windows 7
Contemplating ......Using infinity AT charts & platform
Should be able to start trading account with £5-10k
Any views on what others use & or started with....& weather this is realistic for a start up for trading
Low cost set up
Already have iMac.....can load on windows 7
Contemplating ......Using infinity AT charts & platform
Should be able to start trading account with £5-10k
Any views on what others use & or started with....& weather this is realistic for a start up for trading
A couple of years experience.
mattboffey
Member
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Read the first step articles and set up a demo account
mattboffey
Member
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Hi Rick
Do you know if you are going to scalp, swing trade or hold longer?
Do you know if you are going to scalp, swing trade or hold longer?
TraderChamp
Newbie
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Hi
if you have 5000 to setup a account then do yourself a favour and setup a 50 or 100 live account trade the smallest lot size for couple of weeks and see what happens in the real markets. You'll have the real experience no matter what happens with the account
regards
if you have 5000 to setup a account then do yourself a favour and setup a 50 or 100 live account trade the smallest lot size for couple of weeks and see what happens in the real markets. You'll have the real experience no matter what happens with the account
regards
Stirf
Active member
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$500 Per week to start off with? I suggest you keep your current job and start papertrading for the next 6 to 12 months in your spare time. Otherwise the market will show you how to blow up a $10.000 account in only a few weeks. Stay away from scammers who claim to teach you how to make profits trading. If they are profitable themselves, why start teaching? Here's a thread on scammers. It's a living document, so names are added constantly: http://www.elitetrader.com/vb/showthread.php?threadid=212110&perpage=6&pagenumber=77
Scroll to mid-section.
Besides all this I attached a document on TA. I suggest you read it, gives a refreshing look on the subject.
Totally unrealistic I'm afraid. You're trying to make 5 to 10 percent a week just to live on, it's not going to happen. If you did 10% a week on £10,000 and compounded youd have £1.4 million in a year, do you really think that is possible?
Open a demo account and see if you can do it for three or four months in a row. Don't give up your job to do this.
neil
Legendary member
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PB is correct - Don't gamble - try demo trading for a few months. That way if you cannot hack it as a profitable trader you still have your day job.
