Best Threads In The 'First Steps' Forum

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Old Nov 28, 2009, 7:26pm   #1
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Best Threads In The 'First Steps' Forum

What are ‘Best Threads’ Stickies?
The idea behind ‘Best Threads’ Stickies is to have a thread pinned permanently at the top of every forum with links to threads within that forum that are of real merit with quality content. Listed here is the cream of the crop, the best threads in the First Steps forum!

How will they help me?
T2W is a big place and good threads can quickly get lost under a sea of newer ones. The links to the ‘Best Threads’ will save you the hassle of wading through the forum yourself, hoping to find the one that’s filled with pearls of wisdom!

What do I need to know about the list?
Each ‘Best Thread' is accompanied by a short précis outlining what it’s about. Threads don’t appear in any particular order, so the thread at the top of the list isn’t necessarily any better or more interesting than the one at the bottom of the list.

I’ve found a great thread which warrants ‘Best Thread’ status. Can it be added?
Sure! If you know of a great thread within this forum that isn’t listed here, either post your suggestion here or contact timsk Content Manager, with a link to the thread, saying what it’s about and what’s good about it and, all being well, it will be added.

The ‘Best Threads’ in the First Steps forum are:
The Basics of Trading
One of the classic threads from the early days of T2W. Sadly, like archive footage from the vaults of the BBC, some charts have been lost. Even so, it's well worth a read

I want to learn........
This thread provides a collection of links to some great threads that are especially useful for new traders starting out on their trading journey

Everything you always wanted to know about trading...but were afraid to ask!
Former proprietary trader and long standing member 'trader_dante' answers some of the questions regularly asked by new members. The thread is riddled with useful hints, tips and insights into what it takes to become a successful trader.

£10k wipeout
But for the grace of God . . . A chilling tale of what can happen to traders - and probably will happen - if they don't trade with discipline and utilise proper risk and money management strategies

The Best the internet has to offer
A veritable smorgasbord of links to sites all over the web, offering a huge variety of tools - many for free - that are of use to traders

Algorithmic Trading Experiences
A novice trader uses his computer skills to code algorithms based purely on technical analysis. Voted runner up in the 'Favourite Forum Thread' in the T2W Members' Choice Awards 2009, this thread is a must read for anyone interested in mechanical trading systems (as opposed to discretionary strategies).

Why You Are Failing - and What You Need to Do
If you're struggling to make progress, this thread might help!

Lessons from successful traders
Voted runner-up in the 'Favourite Forum Thread' category in the Members' Choice Awards 2011, this thread by Trader_Dante dispels a few myths and offers some insights into what successful traders do (and don't do) in order to become consistently profitable.
__________________
I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING – 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!

Last edited by timsk; Aug 17, 2013 at 12:44pm. Reason: Updating
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Old Nov 27, 2011, 2:28am   #2
 
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re: Best Threads In The 'First Steps' Forum

i could recomend "The three ducks trading system" from Captain Currency, it is great for begginers and for experienced people who for any reason cant find time to follow news and macrotrends.
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Last edited by timsk; Aug 17, 2013 at 12:49pm.
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Old May 3, 2014, 8:27am   #3
 
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Would propose my "when to go live" is one of the best threads: the exercise of learning what is needed to go live pretty much sums up the "first steps" in this business.

Thread covers using maths and statistics to determine when a trading strategy is viable, risk management, position sizing, volatility, and fees. Would be good to get some more feedback on what other traders are doing!
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Old May 3, 2014, 9:26am   #4
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Quote:
Originally Posted by CompoundTrader View Post
Would propose my "when to go live" is one of the best threads: the exercise of learning what is needed to go live pretty much sums up the "first steps" in this business.
Hi CompoundTrader,
Thanks for the suggestion.

Your thread has got off to a good start and could build into an excellent thread in due course. Keep it up!

Tim.
__________________
I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING – 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 May 3, 2014, 3:31pm   #5
 
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Hi CompoundTrader...
Ok, so you already got through the basics...
The second most importsnt thing here is to understand:
1) This is a complex field,
2) What work for others might not work for you,
3) It is crucial for you, once you understand the basics, to develop a strategy that works for you, it means, it must fit your psicology, your personality, characther, mood and so forth....
It is good to listen other guys but remember, the only one that matters is you...
I could recommend you to stay away from short TF, stay away from the most used strategies, MACD, RSI, MA, and any strategy at all, seek for a combination of indicators that, working together, can work good for you.
As a friend told me, markets are for wise people, prove to be wise before going real, in the mean time all you canwaste is time..., and that will become your best investment, believe me
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Thanks! The following members like this post: TwinToWin
Old Oct 28, 2015, 5:39pm   #6
 
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Joined Oct 2015
Quote:
Originally Posted by timsk View Post
What are ‘Best Threads’ Stickies?
The idea behind ‘Best Threads’ Stickies is to have a thread pinned permanently at the top of every forum with links to threads within that forum that are of real merit with quality content. Listed here is the cream of the crop, the best threads in the First Steps forum!

How will they help me?
T2W is a big place and good threads can quickly get lost under a sea of newer ones. The links to the ‘Best Threads’ will save you the hassle of wading through the forum yourself, hoping to find the one that’s filled with pearls of wisdom!

What do I need to know about the list?
Each ‘Best Thread' is accompanied by a short précis outlining what it’s about. Threads don’t appear in any particular order, so the thread at the top of the list isn’t necessarily any better or more interesting than the one at the bottom of the list.

I’ve found a great thread which warrants ‘Best Thread’ status. Can it be added?
Sure! If you know of a great thread within this forum that isn’t listed here, either post your suggestion here or contact timsk Content Manager, with a link to the thread, saying what it’s about and what’s good about it and, all being well, it will be added.

The ‘Best Threads’ in the First Steps forum are:
The Basics of Trading
One of the classic threads from the early days of T2W. Sadly, like archive footage from the vaults of the BBC, some charts have been lost. Even so, it's well worth a read

I want to learn........
This thread provides a collection of links to some great threads that are especially useful for new traders starting out on their trading journey

Everything you always wanted to know about trading...but were afraid to ask!
Former proprietary trader and long standing member 'trader_dante' answers some of the questions regularly asked by new members. The thread is riddled with useful hints, tips and insights into what it takes to become a successful trader.

£10k wipeout
But for the grace of God . . . A chilling tale of what can happen to traders - and probably will happen - if they don't trade with discipline and utilise proper risk and money management strategies

The Best the internet has to offer
A veritable smorgasbord of links to sites all over the web, offering a huge variety of tools - many for free - that are of use to traders

Algorithmic Trading Experiences
A novice trader uses his computer skills to code algorithms based purely on technical analysis. Voted runner up in the 'Favourite Forum Thread' in the T2W Members' Choice Awards 2009, this thread is a must read for anyone interested in mechanical trading systems (as opposed to discretionary strategies).

Why You Are Failing - and What You Need to Do
If you're struggling to make progress, this thread might help!

Lessons from successful traders
Voted runner-up in the 'Favourite Forum Thread' category in the Members' Choice Awards 2011, this thread by Trader_Dante dispels a few myths and offers some insights into what successful traders do (and don't do) in order to become consistently profitable.

Thank for sharing this information.
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Old Mar 2, 2016, 9:31pm   #7
 
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Joined Mar 2016
Little help needed

Hi all,

I am newbie to the forex world. And have some questions. Hope lot of you guys would be willing to help.
So first I would speak about my back ground and my need. I have worked for long, now want to stay at home. Something like voluntary retirement. I do have some spare cash that I could blow, and that would not kill me. But that's not the prime objective.. Trying to evaluate forex trading as a method for a sustainable income. Now I have been practicing on demo account for a while and have been running in profits for about 80% trades. Just wondering, it could not be that easy.
I have read enough on internet that its mainly the psychology that brings the doomsday for many traders, I am well prepared for that. I treat money in demo account as my money, and its not about thinking losing or gaining money, but I focus on winning or losing a trade in demo account.
I would like to ask the seasoned players, how different it would be in a real account? Mainly profits, losses and trades.
Thanks in advance.
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Old Apr 2, 2016, 7:19am   #8
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Quote:
Originally Posted by yash.r0075 View Post
Hi all,

I am newbie to the forex world. And have some questions. Hope lot of you guys would be willing to help.
So first I would speak about my back ground and my need. I have worked for long, now want to stay at home. Something like voluntary retirement. I do have some spare cash that I could blow, and that would not kill me. But that's not the prime objective.. Trying to evaluate forex trading as a method for a sustainable income. Now I have been practicing on demo account for a while and have been running in profits for about 80% trades. Just wondering, it could not be that easy.
I have read enough on internet that its mainly the psychology that brings the doomsday for many traders, I am well prepared for that. I treat money in demo account as my money, and its not about thinking losing or gaining money, but I focus on winning or losing a trade in demo account.
I would like to ask the seasoned players, how different it would be in a real account? Mainly profits, losses and trades.
Thanks in advance.
Hey there .......demos are designed to be safer and easier to make money than real,accounts......just be aware of that.......real,accounts spike more and you will lose money on more marginal,trades......dependent on broker naturally.......

Don't lose faith though,,,,,,,if you can hit the levels,you are stating then you should do ok on a real account ........I would recommend you increases loss areas though.......that's where most newbies get killed initially......sl to tight

N
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