Where do I start?

This is a discussion on Where do I start? within the First Steps forums, part of the New Traders category; Paper Trade, Save Up A Couple Of Grand --- This has to be money that you don't need, so don't ...

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Old Nov 12, 2011, 3:24pm   #9
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Default Re: Where do I start?

Paper Trade,
Save Up A Couple Of Grand --- This has to be money that you don't need, so don't use your rent/mortgage/holiday/christmas present or any other necessary cash.
When Your Paper Trading Is Going Well Try Trading For Real - It will allow you to feel all of the emotions that trading can give you. Highs, Lows Boredom, Excitment, Stress, Relief. You get the picture.

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You'll probably lose that couple of grand
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If You Fancy Trying Again
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Stop Reading Bulletin Boards, they are full of people trying to distract you, give you crap advice. Do your own research, find someone that you can visit face to face and watch them trade.

Paper Trade Again for a few months and try and simulate , formulate and execute trades.

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Save Up A Couple Of Grand
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Don't trade this money until you have got some proper tuition on money management. You need to learn how not to lose the money that you have just saved.

This is where I am at. I am learning how to keep my money for as long as possible.

Read New Stock Market Wizards, it's a great insight into guys that have made millions if not billions. How they coped with large losses and how they feel when they enter trades on a regular basis.

----

The only way you will learn is by trying, so good luck and let us know how you get on.

Trading Trends
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Old Nov 13, 2011, 5:23am   #10
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Default Re: Where do I start?

I agree Stronzo, much of what is on here can be regarded as unsubstantiated boasting or ivory tower theories about how to trade, based on a couple of weeks running a demo account. On the other hand, the educational value of content on a site like this is only as good as the posts its members make - are you entirely happy with what you have put up so far?
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Old Nov 13, 2011, 9:57am   #11
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Quote:
Originally Posted by Stronzo Coglioni View Post
I have (eventually and sadly) come round to The Hare's view on this subject.
'Eventually', after 39 posts?
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Old Nov 13, 2011, 8:05pm   #12
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Default Re: Where do I start?

i feel clarification is needed on what i said about reading forums. I meant that there are lots of good ideas out there for free that warrant testing, in the original poster's personal research..

there is a lot of junk on forums, sure. there are some goods too.
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Old Nov 15, 2011, 4:32am   #13
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Default Re: Where do I start?

Quote:
Originally Posted by binary trader View Post
Hi guys!!I came across this site BinaryOptions Live

Its really amazing and they really no there thing!I was new to Binary Options and they helped me and provide the signals when to trade!
10/10

Just though id let you guys know
Agree with Natureboy. The post (quote) above is a classic example of a scammer. I wonder however, where did the starter of the thread go? Did he duped us all, by starting a thread just to keep the traffic on this forum going... Oh well.
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Old Nov 15, 2011, 5:18pm   #14
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Default Re: Where do I start?

Make sure whomever advises you is a trader. Not a Broker(BITCH) or a media wannabe.
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Old Nov 15, 2011, 6:28pm   #15
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Default Re: Where do I start?

many failed traders go on to realise there is easier money in vending to sheeple. let's face it most people are dumb, the dumbest of all are the ones that think they are smart but are actually dumb. ask yourself why a professional profitable trader would bother becoming a vendor for a 5hitty bit of chump change. of course they dress it up as 'they want to give something back' or 'i created the learning material for my children and someone suggested I put it on you tube - yes yes yes'. Some of the 5hit some of these people come out with is gold. This is one of the 13 ways I make money trading the markets, please pfffff.
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Thanks! The post above is recommended by: IrishTom
Old Nov 16, 2011, 8:01am   #16
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Default Re: Where do I start?

Hello,
I agree with most of the answers. I started also with a demo account, and gradually moved to real money account. started with very low deposits.

Ari
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