Introduction

Grautr · Oct 11, 2009

Hi,
I'm completly new and havnt even begun paper trading yet. I'm an environmental science student specializing in energy resource depletion and so have a very bearish outlook for the markets. Because of this Im looking at day trading and scalping to avoid market fundamentals getting in the way.
I've been reading now for 4 days and know I have to do a lot more but I have a few questions which might be simple for you to answer and will make things easier from my position.

Firstly I'm a Brit but living in Holland and therfore in the Eurozone. Should I then paper trade in Euro markets? Are there good European brokers I can demo with? or can I learn by firstly investing very small amounts?

And then which market? there are so many which one should I pick and why? are some better for day trading than others?

Any answers or links given will be much apreciated.

regards,

Neal

virtuos0 · Oct 11, 2009

Grautr said:
Hi,
I'm completly new and havnt even begun paper trading yet. I'm an environmental science student specializing in energy resource depletion and so have a very bearish outlook for the markets. Because of this Im looking at day trading and scalping to avoid market fundamentals getting in the way.
I've been reading now for 4 days and know I have to do a lot more but I have a few questions which might be simple for you to answer and will make things easier from my position.

Firstly I'm a Brit but living in Holland and therfore in the Eurozone. Should I then paper trade in Euro markets? Are there good European brokers I can demo with? or can I learn by firstly investing very small amounts?

And then which market? there are so many which one should I pick and why? are some better for day trading than others?

Any answers or links given will be much apreciated.

regards,

Neal

Well that's a big fat contradiction in your first paragraph. You are bearish because of a fundamental, and then the next thing you say is that you want to avoid fundamentals!

I don't anyone can really give you a broker recommendation until you tell us which market you want to trade. The question of which is 'better' has no simple answer either, and is something that you will have to find for yourself based on your knowledge, personality, style of trading, resources etc. As you educate yourself it will probably become apparent.

Sorry if you feel that this is vague and unhelpful, but this is the reality of things.

tomorton · Oct 11, 2009

Resolution of the issues raised by depletion of conventional energy resources could turn out to be a most bullish transition in human history, ranking alongside the industrial revolution. Or else we might die.

But in any case, coming to a market with a pre-conception as to what it should do is not likely to help your trading. Trade what you see happening already, not what you think should happen next.

virtuos0 · Oct 11, 2009

tomorton said:
Resolution of the issues raised by depletion of conventional energy resources could turn out to be a most bullish transition in human history, ranking alongside the industrial revolution. Or else we might die.

But in any case, coming to a market with a pre-conception as to what it should do is not likely to help your trading. Trade what you see happening already, not what you think should happen next.

Having a preconception about what is going to happen is fine, just don't get married to that position if you are proven wrong by circumstances.

glyder · Oct 11, 2009

Grautr said:
I'm an environmental science student specializing in energy resource depletion and so have a very bearish outlook for the markets.

Grautr,
Don't worry about the depletion, suddenly theres plenty of energy to go round.

Energy crisis is postponed as new gas rescues the world - Telegraph

Good luck with the trading, best tip I can give you is to take your time and be very patient.

Grautr · Oct 12, 2009

Thanks all for the answers. I'm going to have a go at the Onada forex demo for a while and see how it goes.

glyder · Oct 12, 2009

Grautr said:
Thanks all for the answers. I'm going to have a go at the Onada forex demo for a while and see how it goes.

You might want to try the FXPRO demo, it uses MT4, I found it more user friendly, if I remember right the problem with OANDA was it didn't offer 4 hour charts.

Introduction

Grautr

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virtuos0

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tomorton

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virtuos0

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glyder

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Grautr

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glyder

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