How much can you make trading with £10k

hello fellow traders,

i would like to make this simple, i'm fairly new to trading, i have about 10k to invest and i am looking for a system that will make me a constant income with the least possible risk, could someone as so kind provide links to any free systems out there that work. I would be very grateful.

my 10 grand has been saved up from playing many online casinos, yes 10k but can't make much more as i am running out of casinos to do, otherwise i would continue and save up some more. I am willing to share this info as i believe it will help some of you poor traders out there that need to build up some starting capital.

I have some other questions for you nice traders out there:

1. how much do you professional traders make if you had 10 grand to start with?

2. what is the best market to trade and why?

3. are there any robot software out there that can trade for me? if yes can you provide some info

4. i have a spreadbetting account , but not sure if this is the best way to trade?

5. what is the best system so far posted on trade2win or any other forum?

Looking forward to your answers

tim

If only it was all that simple!

dimtrader said:

hello fellow traders,

i would like to make this simple, i'm fairly new to trading, i have about 10k to invest and i am looking for a system that will make me a constant income with the least possible risk, could someone as so kind provide links to any free systems out there that work. I would be very grateful.

my 10 grand has been saved up from playing many online casinos, yes 10k but can't make much more as i am running out of casinos to do, otherwise i would continue and save up some more. I am willing to share this info as i believe it will help some of you poor traders out there that need to build up some starting capital. The site is called www.casinobonusexploits.com

I have some other questions for you nice traders out there:

1. how much do you professional traders make if you had 10 grand to start with?

2. what is the best market to trade and why?

3. are there any robot software out there that can trade for me? if yes can you provide some info

4. i have a spreadbetting account , but not sure if this is the best way to trade?

5. what is the best system so far posted on trade2win or any other forum?

Looking forward to your answers

tim

Click to expand...

Hi mate,
I am going to ask you 1 question straight that is do you want to make the money your self by trading or do you want someone to manage the funds for you...
I personally dont think that 10k is the sort of money that you would invest to test out systems unless that is money that you are willing to loose.
You should first of all get a demo account with a trading company and paper trade first and gains some confidence. If you can make a consistent income then yes why not get into the trading game...but if you are paper trading or demo trading and you cant get the hang of it then may be managed funds is the one for you.
As you probably know trading does not just mean stock and shares cos this is what the people outside the field of trading and finance know it as...there are a number of avenues to explore in the world of trading....
If you are starting trading you need to test one product and that too one which is not that volatile, cos if you are trading volatile markets then you could be disheartend by the losses.
I am not one to advise which product to pick but I started trading by looking the ftse as I thought it was a perfect starting point.
I would suggest that you look at trading indices initially and then look at forex
I have been trading for almost 4 years now and am happy not a millionaire...but my first 2 years I have had big losses and almost gave up but you have to pay learn...and just like yourself I started off by diving in the deep end and got burnt...This forum is a great place to start trading as you will understand the views of ace traders..I recommend you to threads the Ftse 2006 and Dow 2006 and the main traders their are UKhero for the ftse and Racer for the Dow..both of these are clever and Market aware traders......
I could write all day but dont bite more than you can chew.......

One other thing you start of trading not by finding systems but by understanding how to trade because you trade the system if your mind agrees to it....there are too many systems providers out there who will eat up your 10K within months......
Before you even attempt to buy a system search this forum out and then you will get the honest view of realtime traders.

I trade Forex,Indices and binary......and on the odd ocassion I trade comms
If you need any help please just send me an email...
Happy trading

For website let me know what you are looking for and I can advise my level best

dimtrader said:

hello fellow traders,

i would like to make this simple, i'm fairly new to trading, i have about 10k to invest and i am looking for a system that will make me a constant income with the least possible risk, could someone as so kind provide links to any free systems out there that work. I would be very grateful.

my 10 grand has been saved up from playing many online casinos, yes 10k but can't make much more as i am running out of casinos to do, otherwise i would continue and save up some more. I am willing to share this info as i believe it will help some of you poor traders out there that need to build up some starting capital. The site is called www.casinobonusexploits.com

I have some other questions for you nice traders out there:

1. how much do you professional traders make if you had 10 grand to start with?

2. what is the best market to trade and why?

3. are there any robot software out there that can trade for me? if yes can you provide some info

4. i have a spreadbetting account , but not sure if this is the best way to trade?

5. what is the best system so far posted on trade2win or any other forum?

Looking forward to your answers

tim

Click to expand...

Hello dimtrader. A name that doesn't give me much of a positive expectancy on your 10K

I suggest you try the "suck it and see approach" to trading. You might have some surprises but it's the best way forward.

"Stupid questions are better than stupid mistakes."
Japanese proverb

"Someone once said that for every problem there is a solution that is simple, attractive ... and wrong."
-- Arthur C Clarke.

"If you want a guarantee, buy a toaster."
Uncle Harry.

Hi Tim

I am also new at this trading stuff, Been trading with real cash for about 9 months now.

Currently I am trading part -time and run a computer support business.

I spread trade indexes and forex because the margin required is not very high

Cant wait to go full-time trading.

I highly recommend a book by Steve Nison called "Japanese Candlestick Charting Techniques"

This book has helped me to read and understand the signs and formations that the markets tell us every day.

I also recommend you go and download these free videos from this thread:-

http://www.trade2win.com/boards/showthread.php?t=12872&page=1&pp=10

I hope that this info will help you

Richrichie
South Africa

my 10 grand has been saved up from playing many online casinos, yes 10k but can't make much more as i am running out of casinos to do, otherwise i would continue and save up some more. I am willing to share this info as i believe it will help some of you poor traders out there that need to build up some starting capital. The site is called www.casinobonusexploits.com


Hi

Must say that I am intrigued by the way you built up your 10k

I checked the site out I am surprised, it all sounds too easy

A few questions if I may

What size bank roll did you start with the casino?

How long has it taken you to build the 10 grand?

Hasn't the house got a huge adavntage cause they only deal one third of the deck , before reshuffle? Surely this advantage kills any edge ? Also I assume you were playing blackjack where my understanding is that the major edge is in card counting but this edge can be only maintained if the deck is cut with > two thirds of the cards available to play before reshuffle and you employ perfect strategy..

Hiw did you deposit the money ,how easy was it to get back out?

Look forward to your answer.

Regards

T

Research, time and hardwork are needed

dimtrader said:

hello fellow traders,

i would like to make this simple, i'm fairly new to trading, i have about 10k to invest and i am looking for a system that will make me a constant income with the least possible risk, could someone as so kind provide links to any free systems out there that work. I would be very grateful.

my 10 grand has been saved up from playing many online casinos, yes 10k but can't make much more as i am running out of casinos to do, otherwise i would continue and save up some more. I am willing to share this info as i believe it will help some of you poor traders out there that need to build up some starting capital. The site is called www.casinobonusexploits.com

I have some other questions for you nice traders out there:

1. how much do you professional traders make if you had 10 grand to start with?

Click to expand...

Anything from minus 10 grand upwards

dimtrader said:

2. what is the best market to trade and why?

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There isn't really a simple answer to that because it depends on your own personal factors e.g risk-aversion level, time of day you can trade, level of skill etc.You NEED to spend some time doing the research into these things yourselves by observing the posts on this site and others, reading books, visiting brokers sites. This way you will find markets that attract and interest you, rather than be told by other people.

dimtrader said:

3. are there any robot software out there that can trade for me? if yes can you provide some info

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I assume you mean automated trading systems. There are many sales pitches for such systems and they make lots of money - FOR THE SELLERS !!!!!!! If you are not prepared to do the work yourself i.e. learn about the markets, practise on demo accounts or on accounts that allow small transactions then you will noot make your 10k go far. You will, in effect, still be gambling

dimtrader said:

4. i have a spreadbetting account , but not sure if this is the best way to trade?

Click to expand...

Its betting and, like all betting, there are built in methods of creaming off your money in terms of commissions/spreads etc and a lack of the regulatory controls that apply to brokers.

dimtrader said:

5. what is the best system so far posted on trade2win or any other forum?

Click to expand...

According to the sellers of systems (often masquerading as normal members of this and other sites) it's the one they too enthusiastically recommend, especially when the number of posts they have made ot the site is less than 10 !

The best system is your own and the best tools are you eyes and brain.

If you are serious about trading you need to treat it very differently to online gambling, especially if you trade on margin. It's simple in theory but takes a lot of hard work, researching and practice to really understand how the market behaves.

There are a lot of free resources and you can get free charting etc from a broker's site, which might start you off, but if you are not prepared to/not able to spend enough time at it you would be better off putting your money into a bank.

Charlton

Charlton said:

The best system is your own and the best tools are your eyes and brain.

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Nice one Charlton - I like it. Sound and helpful advice - as ever.
That said, I would question your opening statement "Anything from minus 10 grand upwards". Dimtrader's risk isn't limited to losing his £10k, he could quite easily lose a whole lot more than that.
Tim.

Send me your 10 grand, I assure you that I'll enjoy it and in exchange you can sleep easy at night.
Trading aint for you matey. :cheesy:

oatman said:

Send me your 10 grand, I assure you that I'll enjoy it and in exchange you can sleep easy at night.
Trading aint for you matey. :cheesy:

Click to expand...

Funny enough I have the same opinion.......

timsk said:

Nice one Charlton - I like it. Sound and helpful advice - as ever.
That said, I would question your opening statement "Anything from minus 10 grand upwards". Dimtrader's risk isn't limited to losing his £10k, he could quite easily lose a whole lot more than that.
Tim.

Click to expand...

Thanks Tim - and yes, Dimtrader take note of Timsk's correction of the extent of possible losses
Charlton

DimTrader,

Some advice: buy two tickets to Nice on EasyJet for you and your friend / partner of choice. Pack your black tie. On arrival get the helicopter transfer into Monaco and check into Hotel de Paris. Have a great lunch, some time on the beach, buy some big cigars. In the evening head to the casino and blow the remainder of your £10k in style. The end result will be exactly the same as your chances trading, but you'll have a hell of a lot more fun doing it.

Alternatively buy some books on the market (many recommended in these pages) and read, read, read, because until you understand the nature of the markets, trading and the basic relationships between risk and reward you are just sharkbait and your £10k (and maybe more) is going to disappear quickly and frustratingly.

Regular income, low risk systems for sale?

Maybe there's 1 in 1000 but even then the markets will change so the system will also have to adapt.

Bottom line, you're asking and expecting the impossible. My advice is to forget about trading, use the money to start a business then you'll get your regular and low risk income.

dimtrader said:

1. how much do you professional traders make if you had 10 grand to start with?

2. what is the best market to trade and why?

3. are there any robot software out there that can trade for me? if yes can you provide some info

4. i have a spreadbetting account , but not sure if this is the best way to trade?

5. what is the best system so far posted on trade2win or any other forum?

Looking forward to your answers

tim

Click to expand...

Tim,

1. Pro traders use more than 10k, that's why they are telling you its impossible to start with that amount. Actually, anything more than 5k can be a good point to start for a serious beginner. As for the returns, 10% returns on a daily basis can be achieved on a frequent basis. 2% per day should be your target. The acceptable loss 2% per day should also be set. 2-10 % returns per day will make you seriously rich. All you need is a good system and a disciplined mind.

2. It depends. Any liquid market with a good broker should be fine. Indices, gold, oil and currencies are all major markets. Just pick one.

3. If you are talking about automated/programmed trading, there are many US futures trading platforms which provide that. TradeStation and eSignal are some of them.

4. SB account is fine. But it can't be programmed although you can make orders at specific values for entry and exit. IF you trade on discretion then it will be just fine.

5. That's for you to find out. It is best to have your own system. A system should be built to suit your risk(capital) and returns objectives.

All you need is 2% to 10% a day.

Yes, that's true but just how much are you risking to make it? A max 2% you say, ok then how many days are you expecting to make the 2%-10% a day? And what about costs in all of this, because for many they're THE most important factor of whether you make money or not (and please don't tell me that SB is 'commission free')

How come when I was a broker for 10+ years and did business for 1,000s clients (some very good) did I fail to meet just one client who made anything like these profits? How come my friend at one of the SBs has never really met one of these guys either? Sure, some clients make fortunes but do this on specific trades or they have great runs, they don't churn out the profits on a daily basis like a Casino floor (should).

For every sane person in this game, there are 100 dreamers. No wonder doji darren and the other shysters have little trouble selling their get rich easy courses.

anley said:

All you need is 2% to 10% a day.

Yes, that's true but just how much are you risking to make it? A max 2% you say, ok then how many days are you expecting to make the 2%-10% a day? And what about costs in all of this, because for many they're THE most important factor of whether you make money or not (and please don't tell me that SB is 'commission free')

How come when I was a broker for 10+ years and did business for 1,000s clients (some very good) did I fail to meet just one client who made anything like these profits? How come my friend at one of the SBs has never really met one of these guys either? Sure, some clients make fortunes but do this on specific trades or they have great runs, they don't churn out the profits on a daily basis like a Casino floor (should).

For every sane person in this game, there are 100 dreamers. No wonder doji darren and the other shysters have little trouble selling their get rich easy courses.

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What you have witnessed was representative of the majority but not of the better ones. A dream with an implementation plan is a great dream. Fortune favors the planned risk takers not the pessimistive thinkers.

Dreams in this game are for the foolish.

What I always say to these people who claim that they're either making 2%-10% a day or it's not that hard is why, if you have that skill are you wasting your time in the crappy spread betting world, thinking you're clever when you take 10 ticks out of the FTSE in a few mins?

Head out to NY, start your own fund, get picked up by one of the big investment banks and start making tens of millions a year. Sure, you can't flick in and out of the market like you can with small accounts but if you've got the skill and talent to make it with small amounts (and have a history of making 200% to 2000% per annum) then you can easily translate this into 50% to 100% a year. And if you can make those returns with very low risk then people will pay you whatever you want, be that $1mill a year of $50million.

I don't understand the relationship between being a 'pro' and your account balance. Clearly, a good trader with 10k will make more than a bad trader with 100k. It is just a matter of time. There is a simple trick everyone (including me at one time) misses: IF YOU KNOW HOW TO CONTROL YOUR RISK, YOUR CHANCE OF WINNING, PURELY MATHEMATICALLY SPEAKING, IS NO WORSE THAN YOUR CHANCE OF LOSING. Get that into your head, and then buy, steal, or develop your own system. With compunding, you can make a lot of money starting with 10k. I don't know whether you personally can do it, but you have no need to ask. Just do a simple excel simulation with a tiny edge and see what happens.

Trading is a numbers game.

anley said:

Dreams in this game are for the foolish.

What I always say to these people who claim that they're either making 2%-10% a day or it's not that hard is why, if you have that skill are you wasting your time in the crappy spread betting world, thinking you're clever when you take 10 ticks out of the FTSE in a few mins?

Head out to NY, start your own fund, get picked up by one of the big investment banks and start making tens of millions a year. Sure, you can't flick in and out of the market like you can with small accounts but if you've got the skill and talent to make it with small amounts (and have a history of making 200% to 2000% per annum) then you can easily translate this into 50% to 100% a year. And if you can make those returns with very low risk then people will pay you whatever you want, be that $1mill a year of $50million.

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A person without a dream is even more miserable.. LOL.

High achievers are dream-implementers, not pessimists.

Trading is not just about money. It brings freedom- not being controlled by someone else. Why make things more complicated? 2-10% a day return is more than enough for a person and family. As said before, it makes a person seriously rich. I mean it.

The main thing is to think like a free person- not like an employee. Traders, unlike brokers and people working for SB firms or banks, are independent.

Caution accompagnied by vision

billiondollars said:

A person without a dream is even more miserable.. LOL.

High achievers are dream-implementers, not pessimists.
.

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I totally agree, being an optimist by nature.

billiondollars said:

Trading is not just about money. It brings freedom- not being controlled by someone else. Why make things more complicated? 2-10% a day return is more than enough for a person and family. As said before, it makes a person seriously rich. I mean it.

The main thing is to think like a free person- not like an employee. Traders, unlike brokers and people working for SB firms or banks, are independent.

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Freedom is especially important.

Although my posts on this thread provided a cautionary note, they also emphasised that the application of the tool of our eyes and brains to a personal system will bring achievements.

The release of blockages, such as pessimism, and the consequent release of energy is something I am exploring in another thread on the psychology forum

Charlton