can you become an expert on the ftse?

Hey everyone, I was wondering if anyone has ever tried to get in tune with either the ftse or the S&P500 or do they swing to much to become even semi predictable?

From my personal point of view I would love to study them day in and day and get at least 7 out of 10 calls right. Is this just a pipe dream?

It's very possible, given the time and study you have already mentioned. I know quite a few people who scalp the footers successfully, and others who position trade it. It's the same as any other market really, pick something that suits your personality and put the hours in. I wouldn't personally worry about being right 70% of the time, your style may develop in a different way; that said I do know someone who scalps it with an 80-90% success rate, so it's definitely possible. Best of luck with it.

Its a good ambition to become expert at a single market and to really understand its TA, its usual signals, how reliabe these are, how it responds to events, how far it will move before a trend starts to change, how its prices gap and what these mean etc. I'm not saying its easy, just because you're only studying one chart (though most people following an index will look at multiple versions of its charts anyway, to clarify their perceptions) but its certainly less risky than equities.

Try the 'swingin the ftse' thread. We don't talk about anything else.

samills70 said:

Hey everyone, I was wondering if anyone has ever tried to get in tune with either the ftse or the S&P500 or do they swing to much to become even semi predictable?

From my personal point of view I would love to study them day in and day and get at least 7 out of 10 calls right. Is this just a pipe dream?

Click to expand...

A specialist perhaps. An expert no.

samills70 said:

Hey everyone, I was wondering if anyone has ever tried to get in tune with either the ftse or the S&P500 or do they swing to much to become even semi predictable?

From my personal point of view I would love to study them day in and day and get at least 7 out of 10 calls right. Is this just a pipe dream?

Click to expand...

I think you need more than just time and effort to become an expert at something. Most will only study the market at a superficial level. But being successful at forecasting market movements is only half the problem, mastering yourself is the other half. (They may not even be 50/50)