Day Trading & Forex Forum

alita

hey all,
i have found this useful link on trading. Do visit it and read the steps that leads to perfect trading.
Real Success Methodology Course 38 Steps for Successful Trading!

sreeja

Trading on the stock market can take place in the traditional manner in which buyers and sellers come together on the stock market floor and stocks are auctioned off. Buyers and sellers act on behalf of clients who place order for stocks to be sold or bought. In recent years the traditional method has been combined with an electronic method in which orders can be placed over a network, or through the internet.Is it?

fayalac

You are basically rigth, but the most important tip you could never get if really want to start trading is PATIENCE, go steady.

demeanor

Yes first come out open and confidently for what you are trading. ....is it just a hobby or for a living...

If yes...for Living, then you should be serious and start things as above said.

Have patience, understand the logic of markets and then proceed forward with ur money

timsk

Here's a series of three short videos which come from the official CME Group's website and produced by Jeff Quinto, a veteran futures trader. They provide a strong foundation for newbies to help them make the best start as well as provide a useful reminder of the basics for everyone else. The focus is on day trading futures, but the principles apply to all markets and timeframes . . .
Simulated Trading
1. Developing Your Trading Strategy
Jeff Quinto explains his theory of futures trading and provides a guide that will help you get started.
2. Building Your Trading Plan
Jeff Quinto provides insight into the way professional traders set realistic goals and track performance.
3. The Importance of Simulated Trading
Jeff Quinto explains why simulated trading can be the key to your trading success.
Enjoy,
Tim.

__________________
Great traders and great comedians share a common skill that underpins their success: they're both experts at TIMING.

jansher21

Guys,

Having been through this and eventually made it through to being profitable, I really would say that the best way to learn how to trade - is to find a successful mentor.

For me, this was finding a very good signals service - which gave profitable signals while I was learning the skills associated with trading .. from the providers.

Do not pay for trading courses, unfortunately they are only designed to make money for those selling them. If the author is that good, then they should be able to list their recent trades for you.

Vince Stanzione is a very good example, of someone who pretends to be a really good guy who actually trades. It's all crap - he trades a little bit, if you ask him for his precise entries and exits ... "I don't release such information". Vince though, does make alot of money from some very slick marketing. Don't be sucked into it like I was !!!

As above, I would really urge people not to pay $1k for any course - they are all recycled versions of the same thing.

I have posted good signalling services before, I am certain that is the way you take traders to profitability.

Perhaps it would be useful to start a thread on evaluating the best signalling services and best mentors.

Best of luck to you all.

timsk

Jansher21,
Having had a quick glance at some of your other posts to the forum, it looks as if the signaling service come mentoring idea is a recurring theme. Doing as you suggest and starting a new thread devoted to the topic is, potentially, a step forward. The problem you'll have is convincing people that you have no vested interest in any one service or that you're not just pumping your own service. The likely result of that will be a flame war. Additionally, unless you've used a number of such services and found them all to be good value for money in terms of generating profits quickly, it will be difficult for you to recommend more than just one or two. Of course, other members may well come forward and offer their experiences but, in the past, such comments tend to be of the 'XYZ are good, I made money with them' variety. Pretty meaningless stuff. Then there's the issue of why a signaling service would want to teach their methodology for creating the signals? Most won't, after all, once they've done that, there's no need for subscribers to continue paying them for the signals. Big hole in foot! Additionally, most signaling services offer some sort of trial period so that prospective punters have an opportunity to assess the effectiveness of the signals. I am more than happy to accept that this is the route you took and it worked for you and that's why you recommend it to others. But, helping other (newbie) traders follow in your footsteps is riddled with pitfalls for the sorts of reasons I've described.
Tim.

__________________
Great traders and great comedians share a common skill that underpins their success: they're both experts at TIMING.

jansher21

Hi Tim,

I accept all of your points.

My vested interest is to help people to make money. Actually, no - my vested interest is to stop brokers stealing more and more of traders' money !!

I spent many years struggling to keep my head above water and it really didn't change until I came across two or three people that really changed everything for me.

Given that it is an unfortunate fact that, for a number of reasons, most people trading actually lose money and quite quickly - I have tried to steer people towards the route that brought me success.

More importantly, there are many scammers - selling "systems", "courses" which they suggest will have people make enormous returns.

I have no interest in a flame war, I will simply state my opinion and allow everyone to make their own mind up.

The question of why people want to teach the methodology - well, I would say two things here.

1) - I don't believe there is a "methodology" as such which can be taught, as much as a way of thinking which you glean when working with other people who have a long time track record.

2) - Why teach it ? - I asked the same question some time back and the traders said that someone was kind enough to show them some time ago and it's actually very nice to see others succeed.

Some of the guys I work with are trading their own accounts with 50 big sps on a position, they don't need to be passing on anything as they are making more than enough money from trading. I think it's cool that they helped me out and that's all I am trying to pass on to others.

I worked my way through many chatrooms, services looking for what I needed. It clicked for me and what's more I took a guy who had never traded before - and tested it on him.

No offence, nor spamming is intended here guys. Just that I think I have found a way to get myself and others profitable in trading and see so many questions that others ask that I used to ask .. answered.

In the end, everyone has to make their own decision - some systems work for John and just will not fit for James.. no matter what you say. As you said, people come in get a free trial - if it fits .. good, if not .. that's ok too.

Thanks guys.