Military Guy New to Trading

Hi,

I am in the Air Force and I want to start trading. I recently opened an account with Trade Station. What advice do you all have for newbies? Also, what's the best laptop to purchase for this purpose?

Thank you all in advance for the feedback and I look forward to getting to know each and everyone of you.

Happy Trading

Ryanb843 said:

Hi,

I am in the Air Force and I want to start trading. I recently opened an account with Trade Station. What advice do you all have for newbies? Also, what's the best laptop to purchase for this purpose?

Thank you all in advance for the feedback and I look forward to getting to know each and everyone of you.

Happy Trading

Click to expand...

Hi welcome to T2S. The best advice for newbies, IMHO, is to spend time on this site and others just reading and getting knowledge. Also spend time observing the markets in real time - look at charts as they are forming and get to know the characteristics of a sample of individual stocks or currencies or whatever you intend to trade. Do not be fooled into spending large amounts of money for training courses, black box systems etc. All the information you need is there on tradestation and other sites on the internet. Look at the tradestation site - there are loads of videos and training material available free of charge Get used to the trading platform using the Simulated Trading option - the data feed is identical to the live one, so you can practice making trades, using charts and programming Easylanguage.

As for laptops - any modern laptop will do the trick, but look for the ones with the highest RAM and fastest chips. Anyone recormended for gaming would be suitable for Tradestation. Also because you will be using many charts, radarscreens and windows go for the largest screensize within your budget.

Finally don't imagine that you could make a living from this from day 1 - treat it as a source of additional income and maybe, just maybe, it could be more.

Charlton

Good advise from Charlton.

This game is full of ironies -
* nearly everything you need to know is free - the knowledge is free and the skills you develop with experience;
* nearly everything you need to know you should not use in actual trading - but you need to know this mass of stuff in order to build or strip down a working strategy to its essentials;
* the more time you put into learning the better, the less activity you put into trading the better;
* nobody knows what the market will do next, but you must have a plan for what you will do about it.

But there are some straightforward truths too -
* salesmen aren't on your side;
* simplest is best - if you can't understand your plan, how can you make it work when a situation blows up?;
* some trades will be losers even if you do everything right - so plan for this and control how much you risk;
* practice makes perfect.

Hope it goes well.

you need a stall warning system

kalott said:

you need a stall warning system

Click to expand...

And an ejector seat and parachute

hey there

any half decent laptop will do ........i have 3-4 i use and all pretty cheap stuff........as long as you dont overload it with other memory

good luck
N

where i can get infroamtion about new syle of trading and about new trading strategies?

stick to being in a war zone.more chance of winning.