Iím New To TRADING Ė Where Do I Start?

This is a discussion on Iím New To TRADING Ė Where Do I Start? within the First Steps forums, part of the Reception category; Originally Posted by melaniehamilton The experience in the world of trading is one of the most important factors. The more ...

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Old Dec 27, 2013, 9:01am   #61
Joined Dec 2013
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Originally Posted by melaniehamilton View Post
The experience in the world of trading is one of the most important factors. The more we operate in, we will market more efficient. The way to become a good trader is long, so you must be willing to learn and gain experience until you become consistently profitable one operator.
thank you for the suggestion
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Old Jan 21, 2014, 6:40pm   #62
 
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Joined Jan 2014
i like forex trading

i like forex trading
playing with curency pairs
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Old Jan 22, 2014, 4:20pm   #63
Joined Dec 2013
In two words, it's all about intuition and how good you are in analysis.
Good luck to everyone and wish you to ear your first million
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Old Jan 22, 2014, 7:24pm   #64
 
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Joined Jan 2014
Hi guys,

I would recommend to try different platforms first and then to get use to it.

I share with you some Demo platforms. I hope it helps. Let me know what you think about them.

Enjoy !

Rock Trader

MT4 Offshore

Cheers

Alex
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Old Jan 22, 2014, 11:20pm   #65
Joined Nov 2008
Rules - you need a trading plan one that has been back tested by you, trade an instrument you understand, don't over leverage yourself, set stops - know your entries and exits. Don't over trade.
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Old Feb 17, 2014, 3:52pm   #66
 
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Originally Posted by T2W Bot View Post
SHORT ANSWER

If youíve just joined T2W Ė welcome!
First things first, if you havenít done so already, check out this Sticky: [FAQ] Iím New to T2W Ė Where do I Start? Thatís the starting point for ALL new members, regardless of your trading experience. It contains a list of 12 mini-FAQs which cover the basics about T2W - whoís who and whatís what etc. Once youíve read it, youíll have a good understanding of what a fantastic resource the site is, how to get the most from it and, hopefully, how best to contribute to it.

New to trading?
Okay, if youíre not only new to T2W, but also new to trading, then this is the FAQ for you. (If you happen to be a multi-millionaire fund manager, please read it anyway and tell us how we can improve it!) Trading is a very large subject and T2W is a very large website. Youíre welcome to just follow your nose and see where it leads, or you may prefer to take a more structured route to accelerate your learning curve. If so, we have . . .

A simple 4 step plan
The Long Answer below provides a simple 4 step plan designed to give you a good insight into the world of the self taught and self funded trader working from home (known as a Ďretailí trader). For new traders who donít know where to start, this is the perfect introduction to the subject. Completing steps 1 to 3 will take around ten to twenty hours. At that point you will have enough information to be able to make an informed decision as to whether or not trading is for you.

100% guarantee
Yup, the 4 step plan comes with a rock solid guarantee. Once youíve completed steps 1-3, one of two things will happen. Either youíll be bored to tears by the whole subject or youíll be unable to sleep at night because youíre just soooooo excited! If your rubbish bin is rapidly filling up with spent packets of Mogadon, then youíll probably be ready to move on to step 4.

Use this Simple Moving Averages System which I and many trader have used for years. Ignore the dribble written about trading and be aware that anyone who writes hundreds or thousands of posts, isn't a trader. There are a lot wasters on this site.

A Simple Moving Average Trading System

3x13X39 = Profit
I want to address a question commonly asked by those who are computer phobic, techno confused and Internet allergic, "What is a good simple system to follow, to get in and out of markets?".
Most people are comfortable with the herd. Such good folk are most comfortable with a trend following system. I am ill at ease in a pack and downright anxious when everybody and his dog are comfortably saying the same thing. I am, therefore, drawn to oscillators to anticipate the end of popular perception. Oscillators also give an insight into the cyclical nature of markets. Being obsessed with market structure and somewhat compulsive in my quest for efficiency my ways are not 'comfortable' for many. So to get back to basics for those not able or willing to devote the time to market study that I do here is a way to handle your market study and trading decisions.
Remember the numbers 3 x 13 x 39 = Profit
Simple daily moving averages of 3,13 and 39 can keep you in and out of markets fairly efficiently and profitably, (in any time frame actually). I will show you how.
Some basic principles to hang on to are:
∑ The market moves in long (secular) trends which may last years, e.g. the present equity bull market dates from 1982.
∑ Intermediate trends lasting many months, even a couple of years or so.
∑ Short term trends lasting weeks or months.
∑ Trade intermediate trends in either direction.
∑ Trade short term trends only in the direction of the intermediate trend.
Proxies:
∑ 3 Day MA - a proxy for price
∑ 13 Day MA - a proxy for the short term trend (a moving trend line)
∑ 39 Day MA - a proxy for the intermediate trend (a moving trend line)
∑ 40 week, 200 day MA - a proxy for the secular trend (a moving Trend line)
The Basics of MAs
MAs lag market reversals at tops and bottoms, the larger the MA the longer the lag period, the shorter the MA the shorter the lag but the more frequent the whipsaws. MAs work well when markets trend but get frequently whipsawed when they are in a range.
Therefore, trade trends with the MAs but do not trade ranges using MAs. Just stand aside and be patient until a new trend emerges.
The intermediate trend is in the direction of the 39 MA which acts like a moving trend line. If the 39 MA is pointing up then the intermediate trend is up, if down the trend is down. If the 39 MA is horizontal the market is in a range, from which a trend will, sooner or later, emerge.
Simple Trading Rules
1. When the 39 MA is moving up buy when the 3 MA crosses up over the 13 MA. and/or when the 3 MA crosses above the 39 MA.. When the 13 MA crosses above the 39 MA consider adding to your long position. Exit and stand aside when the 3 crosses back below the 13 MA..
2. When the 39 MA is moving down sell short when the 3 MA crosses below the 13 MA. and/or when the 3 MA crosses below the 39 MA.. When the 13 MA crosses below the 39 MA consider adding to your short position. Exit and stand aside when the 3 MA crosses back up over the 13 MA.
3. Only initiate trades in the opposite direction of the intermediate trend when the 3 MA crosses above or below the 39 MA, preferably after the 39 MA has already changed direction.
4. This 3:13 MA crossover will keep you trading in the trend with only a small lag and on the sidelines during corrections. The lag only becomes more substantial at reversals of the intermediate trend (a 3:39 crossover), a small price to pay at these uncertain times of trend transition.


Aids to Interpretation
∑ When the 3:13 crossovers occur at some distance from the 39 MA then you are 'likely' dealing with a short term correction (even though it can be substantial) to the 39 MA..
∑ If the 3:13 & 39 MAs are close and converging before crossing over you are 'likely' dealing with an intermediate (or significant) correction of the trend or reversal.
∑ 'Likely' means probable not 'you can bet the farm on it' surety. There is no sure thing just as there is absolutely no free lunch.

Couple it with; http://learning.esignal.com/educator...apoli.aspx?tc=

Use GFT as your Broker and spread bet the Italian 40 index to make good money.
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Old Feb 18, 2014, 11:05am   #67
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Quote:
Originally Posted by philhackett View Post
. . . Ignore the dribble written about trading and be aware that anyone who writes hundreds or thousands of posts, isn't a trader. There are a lot wasters on this site.
Hi philhackett,
As T2W is a free forum that anyone can join and contribute to then, inevitably, there will be a fair amount of 'dribble' (did you mean drivel?) written about trading. That's the nature of the beast. Similarly, there is no known correlation between the posting output of any one member and their profitability - or even if they trade at all. However, I would very much like to think that neither of your points are relevant or apply to official T2W output - which is implied by virtue of the fact that you've quoted the opening post by T2W Bot.

A huge amount of time and care went into the production of this Sticky. Even so, it is entirely possible - likely even - that there are elements in it that are incorrect, misleading or just not very helpful. If this is your view and is what prompted the comment that I've quoted, then please bring them to my attention so that I can correct them for the benefit of all members. That would be a really useful and worthwhile contribution to this thread.

I look forward to your input.

Tim.
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I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING Ė Where Do I Start? - a must read for anyone new to TRADING
The Trading Plan Template - a must read for anyone without a proper TRADING PLAN
Please note: I am part of T2W Admin' Staff - I am NOT a Moderator!
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Old Mar 5, 2014, 11:39am   #68
 
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Thanks for taking the time to put this all together - looking forward to going through this!
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Old Mar 6, 2014, 4:54pm   #69
 
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Joined Feb 2014
I see your new for Forex trading.

Can i be of any assistance?
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Old Mar 25, 2014, 8:28pm   #70
Joined May 2011
For new traders, there is only learn and practice yourself by reading about forex in many source and try to practice trading in demo account before depositing your real money to trading.
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Old Mar 25, 2014, 8:36pm   #71
Joined Nov 2008
Price action alone is the only way I have ever made money, regardless of what market it is, the more indicators, alignments (based on historical averages) the more confusing IMHO
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Old Mar 25, 2014, 8:38pm   #72
Joined Nov 2008
Have you seen now dont quote me on the spelling I think it's Neil fuller trading the daily chart pin bar action, check that out it is a very good start IMHO
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Old Apr 20, 2014, 7:36pm   #73
 
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Originally Posted by kwalduck View Post
Price action alone is the only way I have ever made money, regardless of what market it is, the more indicators, alignments (based on historical averages) the more confusing IMHO
Listen to the wise one. Price action alone is enough. Trade naked people.... it's the only way

Last edited by MobiusGrey; Apr 20, 2014 at 7:37pm.
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Old Apr 22, 2014, 3:42pm   #74
 
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Joined Dec 2008
Its best to learn how to trade yourself, or simply follow the right people and you will do just fine. I subscribed to couple of services and its working for me.
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Old May 6, 2014, 11:02pm   #75
 
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Joined Apr 2014
Otc

Check out OTC Bully. They helped me get going. They have some great tips posted on their website
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