xxedrushxx
Newbie
- Messages
- 2
- Likes
- 0
Hello all
Just wanted to say what a great website this is. I've been reading it over the last week or so and there is so much info here regarding trading that my brain has gone into information overload, I’m even dreaming trading analysis techniques....not good!
I came to this site looking for a reason as to why I’m so rubbish at trading and I had a lot of naivety as to the way the market works. I assumed that markets moved purely from fundamentals only to realise that in fact there are sometimes patterns created in the market that can be seen from a technical analysis point. Support and resistance was like a revelation to me!
A little bit about myself - I work in an Investment bank in London but not in a trading position, IT actually. I graduated with business IT not that it would really help in terms of pure economics. Its hard to get away from financial news and have always been interested in the way that the markets worked, so I thought I would sign up to IGIndex as a way to play the markets and almost as a challenge to see if I could crack it. I signed up for speadbetting because I don’t have the kind of funding to afford real underlying market trading. The only unfortunate thing is IG didn’t have a demo account so I jumped in at the deep end and 2 months later I am £800 down.
In no means am I downhearted by this loss because I am seeing this as a learning experience, all be it a very steep one. I would say the first £600 I blew just on commodities, trying to second guess the market eg thinking that Gold would go up if there was instability. The second £200 I would say ended up on foolish estimations such as Asian markets being 10% down the night before so going short on the FTSE expecting it to drop on opening, but instead rising sharply??
Well for now I’m going to hold back on questions and keep searching the forum for my answers at the moment. I’m currently paper trading the indices on a day trading basis using SR points, MACD and RSI oscillators and seeing how I fare. So far I can see where these instruments might help but I think the indices are a little too volatile for my bank account
Just wanted to say what a great website this is. I've been reading it over the last week or so and there is so much info here regarding trading that my brain has gone into information overload, I’m even dreaming trading analysis techniques....not good!
I came to this site looking for a reason as to why I’m so rubbish at trading and I had a lot of naivety as to the way the market works. I assumed that markets moved purely from fundamentals only to realise that in fact there are sometimes patterns created in the market that can be seen from a technical analysis point. Support and resistance was like a revelation to me!
A little bit about myself - I work in an Investment bank in London but not in a trading position, IT actually. I graduated with business IT not that it would really help in terms of pure economics. Its hard to get away from financial news and have always been interested in the way that the markets worked, so I thought I would sign up to IGIndex as a way to play the markets and almost as a challenge to see if I could crack it. I signed up for speadbetting because I don’t have the kind of funding to afford real underlying market trading. The only unfortunate thing is IG didn’t have a demo account so I jumped in at the deep end and 2 months later I am £800 down.
In no means am I downhearted by this loss because I am seeing this as a learning experience, all be it a very steep one. I would say the first £600 I blew just on commodities, trying to second guess the market eg thinking that Gold would go up if there was instability. The second £200 I would say ended up on foolish estimations such as Asian markets being 10% down the night before so going short on the FTSE expecting it to drop on opening, but instead rising sharply??
Well for now I’m going to hold back on questions and keep searching the forum for my answers at the moment. I’m currently paper trading the indices on a day trading basis using SR points, MACD and RSI oscillators and seeing how I fare. So far I can see where these instruments might help but I think the indices are a little too volatile for my bank account
