Learning Curve

Hi all,:clap:

I have not started trading yet, but have opened a trading account with IGINDEX. When trying to use the online booking system to place a bet on the DOW, I found it difficult to understand so I phoned the broker and made a complete fool of myself with not knowing some of the terms etc and ended up canceling the bet.

I decided to try and gain some knowledge before trying again, but the training corse is not until January 2009, I can't wait that long and so booked the CD with one hour training over the phone.

Can anyone advise as to the best way to get training? :idea:

CIRCUIT said:

Hi all,:clap:

I have not started trading yet, but have opened a trading account with IGINDEX. When trying to use the online booking system to place a bet on the DOW, I found it difficult to understand so I phoned the broker and made a complete fool of myself with not knowing some of the terms etc and ended up canceling the bet.

I decided to try and gain some knowledge before trying again, but the training corse is not until January 2009, I can't wait that long and so booked the CD with one hour training over the phone.

Can anyone advise as to the best way to get training? :idea:

Click to expand...

I use IGIndex and would happily help you learn the basics, if you want to chat with me send me a message. It is a very good idea if you can open a demo account elsewhere to just get a feel for the basics of how ordering a trade works (most platforms are very simliar, just slightly different layouts etc). I certainly would not put any real money on the line until you are pretty sure you know how to place and exit trades, place stops, edit trades, etc etc. It is hard enough just trading alone, without having to contend with using the trading platform too.

Without knowing more details of which part you are having trouble with it is difficult for me to write more here to help you. Is it the pricing you struggle with, working out margin, what the spread is, etc, or more the actual mechanics of what buttons to click and what words mean what?


p.s. just wanted to add - don't worry about making a fool of yourself i do it all the time

Hi CIRCUIT welcome to the forum.

I found your post a little worrying in that you felt the need to jump straight in without first taking a little of your time in reviewing their site and learning some basic knowledge of how the platform works.

It is all there on site. The TradeSense Programme Modules can be found in the tools tab at the top of the page. Also in the help tab at the top there, you will find all the pdf's and how to's on every thing you need to know to start you off with their platform. Read everything there this weekend! and any issues you do not understand post it here and a member will help you.

I take it You do have in mind some kind of strategy once you fathom the platform? if not, plenty of ideas on t2w to run with and create one.

Perhaps start here on that, you will identify any gaps in knowledge by reading through it.

Trading Plan Template



Good luck, don't forget to ask them or here if you're not sure of something you read

Many thanks for your responce,
I was trying to bet on the daily DOW with a long and a short trade elimintating the use of stops, it was only going to be a practise at 20p a point. I know I have a lot to learn, but now thanks to TRADE 2 WIN and the Forum, I am sure I can find what I am looking for and I will certanly look up tradesense.

CIRCUIT said:

Hi all,:clap:

I have not started trading yet, but have opened a trading account with IGINDEX. When trying to use the online booking system to place a bet on the DOW, I found it difficult to understand so I phoned the broker and made a complete fool of myself with not knowing some of the terms etc and ended up canceling the bet.

I decided to try and gain some knowledge before trying again, but the training corse is not until January 2009, I can't wait that long and so booked the CD with one hour training over the phone.

Can anyone advise as to the best way to get training? :idea:

Click to expand...

NEVER think you are making a fool of yourself. Don't try and find too many answers to too many questions. Ask one, maybe 2 questions. and listyen and understand the answer, ask again if you are not 100% certain. Some of these boys at IG are just that, boys. MAke sure they understand your exact question and that they give you a proper answer, or ask another person. YOU are the client, THEY are being paid by you. Don't let them make you feel like a fool. That's why the heading of my financial website is "don't bother your broker, bother us"!! Start off VERY small. A. you won't go far wrong and B. You will learn. Learn 100% about stop losses, how effective they are, potential losses. limit orders.