Where do I start?

This is a discussion on Where do I start? within the First Steps forums, part of the Reception category; Originally Posted by natureboy pay attention to all this advice and perspective you've just received, Frank - in retrospect on ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 12, 2011, 12:06pm   #8
Joined Oct 2006
Re: Where do I start?

Quote:
Originally Posted by natureboy View Post
pay attention to all this advice and perspective you've just received, Frank - in retrospect on my journey, i wish i'd been smart enough to at least ask the question you've asked.

chances are you will lose your account, or most of it, or several accounts. Whatever money you have to trade, i'd put only 10-20% in a trading account at first. Study price, study these forums and others, give yourself time, expect mastery to begin after 3-5 years of effort - Learn about money/risk management before methods
I agree with your timescales etc. The biggest problem in trading is the nonsense that is spread by vendors which convinces people that this can be learnt in a weekend or a week, it cant, nor can it be bought through software, signals or any other crap.
pboyles is offline   Reply With Quote
Thanks! The following members like this post: Stronzo Coglion , MajorDutch , NVP
Old Nov 12, 2011, 8:24pm   #9
Joined Oct 2011
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.

---
You'll probably lose that couple of grand
---

If You Fancy Trying Again
---
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.

---
Save Up A Couple Of Grand
---

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
iamnev is offline   Reply With Quote
Old Nov 13, 2011, 10:23am   #10
Joined Feb 2002
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?
tomorton is offline   Reply With Quote
Old Nov 13, 2011, 2:57pm   #11
Joined Feb 2002
Re: Where do I start?

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?
tomorton is offline   Reply With Quote
Old Nov 14, 2011, 1:05am   #12
 
natureboy's Avatar
Joined Sep 2009
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.
natureboy is offline Software vendor   Reply With Quote
Old Nov 15, 2011, 9:32am   #13
 
Stirf's Avatar
Joined Nov 2010
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.
__________________
Shaka ,


Frits
Stirf is offline   Reply With Quote
Old Nov 15, 2011, 10:18pm   #14
 
Bint_Crusher's Avatar
Joined May 2009
Re: Where do I start?

Make sure whomever advises you is a trader. Not a Broker(BITCH) or a media wannabe.
Bint_Crusher is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Where do I start? Bartholomew First Steps 12 Feb 3, 2012 6:21pm
What course should I start off with ? Gladwin First Steps 3 Mar 9, 2011 11:59am
Where to start...? fugu First Steps 14 Jul 25, 2009 10:03am
Where to start? foenne First Steps 4 Jun 8, 2004 9:35am
How did you start? suggy Home Trader 8 Dec 15, 2003 10:37pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)