Start your own trading business ideas

[Purple Brain]

I am a geeky programming type. But I am still very green on my training wheels as far as trading goes. Am I any good to you ? I will be interested in very fast results. After my last job/association with a trader, I have no interest in shooting in the dark for more than a couple of months.

I hear Pat is looking for programmers again. I know you've got a whole 2 years under your belt since this post where you admit to being green, but based on your posts since, I just thought you could do with a few quid from coding to tide you over.

 

[NVP]

I have been thinking along the lines of whether or not to have a trading partner actually in the same room.
Very often an alternative viewpoint is beneficial and it would probably help reinforce "good practices".
The problem of living in a country area would be finding someone tho ! Whether to
1. offer a sort of job to a youngster
2. Try and get a local friend to participate and risk losing said friend
3. or what

Any views ?

not recommended ..........sure share ideas and definately accept help in areas where you are weak (as I am in programming my ideas)

but dont get to far into a partnership and sitting calling Trades together..........(unless you are training someone in your own style)

I guarantee you will soon lose any edge you have

N

 

[DionysusToast]

I have had a start up business idea that would suit a geeky, nerdy programming type who has a good knowkledge of trading

PM me if interested

Stooooooooooooooooooooop.

Right there.

Yes - you Pat.

You find a programmer on one of these forums and 95% chance they will run off with your idea.

What you need is a programmer that has zero interest in trading. You can offer them a %age but if they are interested in trading, once you have given them the idea, they no longer need you.

PM me & we can have a Skype chat if you want. I'm not interested in doing it but I can certainly help in terms of avoiding pitfalls and how to get a developer that wont pull your pants down.

 

[NVP]

I agree with you, but when I was prop trading US equities I found it helpful to have others in the trading room whenever I decided to trade at the desk rather than remote. I saw it as an extra pair of eyes, traders finding different stocks that had opportunity in them. Sure I never blindly traded without doing my own assessment but at times when the stocks I was looking at were lifeless , someone always seemed to find something else I could look at. Of course there was a certain amount of noise but that never really distracted me much.

Peter

sharing the load on screening markets is logical ..........agreed

N

 

[DionysusToast]

lol @ me replying to a 2 year old post!!!

 

[NVP]

Stooooooooooooooooooooop.

Right there.

Yes - you Pat.

You find a programmer on one of these forums and 95% chance they will run off with your idea.

What you need is a programmer that has zero interest in trading. You can offer them a %age but if they are interested in trading, once you have given them the idea, they no longer need you.

PM me & we can have a Skype chat if you want. I'm not interested in doing it but I can certainly help in terms of avoiding pitfalls and how to get a developer that wont pull your pants down.

when I was buying in programming I was defrocked many a time on those freelancer style forums

lucky my strategies and systems are Sh*te

hahahahahaha
N

 

[Pat494]

Stooooooooooooooooooooop.

Right there.

Yes - you Pat.

You find a programmer on one of these forums and 95% chance they will run off with your idea.

What you need is a programmer that has zero interest in trading. You can offer them a %age but if they are interested in trading, once you have given them the idea, they no longer need you.

PM me & we can have a Skype chat if you want. I'm not interested in doing it but I can certainly help in terms of avoiding pitfalls and how to get a developer that wont pull your pants down.

Thanks Toastie
If you happen to know of a reputable MT5 programmer I could go from there ?

 

[Purple Brain]

I wish I hadn't poked this thread yesterday; it's gone off on a tangent - onto the original topic which died 2 years ago. LOL

I was using BeginnerJoe's inaugural post on this site just 2 years ago as green newbie to underline the quite unbelievably rapid and steep ascent into the rarefied atmosphere of his current status of uber-super-trader that seems to exist solely inside his own head.

BJ - give it a rest. You're a sorry little dilettante and an embarrassment to humanity. As rsh01 has said elsewhere, in a more vibrant market you'd be on ignore, but right now, you're the only amusement we can find.

 

[spinola]

Website. You need traffic to a subject matter, preferably one that has an image with money, liefstyle etc.

Build the traffic based on good information , then begin operation Vend. Which involves focusing on the traffic / conversion rates no matter what of the original birthing content that goes to make the site.

Pay staff to moderate out any truth, to protect the fleecing of the lambs business, continue to vend like mad while the inevitable death of the site goes from peak to it's inevitable death.

It's no longer about content, but conversion rates until the last viable drop is eeked out.

Churn n burn baby ! Rinse n repeat !

 

[Pat494]

I gave a young hitch hiker a lift a few weeks ago. It turned out he was unemployed etc. so I gave him a possible for starting his own biz. It was to start up a small business sharpening people's cutlery, garden tools etc. He could go from house to house offering his service or leave a calling card if the householder is out. The whetstone or wheel to clamp to a table etc. could be easily carried and cheap to buy.

 

[Pat494]

I am too old now but if I had thought of it 50 years ago, it would have been a fun experience to travel the old gold mining areas of the US. Taking photos and notes to make up into a book.

 

[Pat494]

Has anyone got any bright ideas that the unemployed might find useful ?

Another possibility is to be a small group of amateur journalists. Everyone has a camera these days. There must be local stories that could be sold to the press. Plenty of money is paid by national newspapers for such stories. Just make sure they are true and not libellous.

 

[scholfield]

Keep 'em coming with the ideas, Pat!
I'd love to work for myself, but don't really have any skills. (get skills is the obvious solution I guess)

You often hear about how the failure rate for any business is similar to the dire statistics that we hear of daytraders. But Does that apply to all businesses?

I ask, because I have about 5 friends who, over the last 4 years or so have all started various businesses and quit their jobs, and everyone of them hit the ground running and has been doing very well for themselves.
Friend 1 started a gardening business within about 2 days of buying some basic equipment, and within a few weeks was making a 'regular' wage, which has now turned into rather a good wage with some comercial contracts, huge customer base et.
Another friend started a tree surgeon business and has been making very good money since day 1.
One friend, a window cleaning business. Not doing fantastically, but he loves being his own boss, and is making ends meet.
Plus a few other friends in more specialised roles, but still never with even a hint of failure!

 

[NVP]

Keep 'em coming with the ideas, Pat!
I'd love to work for myself, but don't really have any skills. (get skills is the obvious solution I guess)

You often hear about how the failure rate for any business is similar to the dire statistics that we hear of daytraders. But Does that apply to all businesses?

I ask, because I have about 5 friends who, over the last 4 years or so have all started various businesses and quit their jobs, and everyone of them hit the ground running and has been doing very well for themselves.
Friend 1 started a gardening business within about 2 days of buying some basic equipment, and within a few weeks was making a 'regular' wage, which has now turned into rather a good wage with some comercial contracts, huge customer base et.
Another friend started a tree surgeon business and has been making very good money since day 1.
One friend, a window cleaning business. Not doing fantastically, but he loves being his own boss, and is making ends meet.
Plus a few other friends in more specialised roles, but still never with even a hint of failure!

hey all

making money from a business is all about common sence and keeping your feet firmly on the ground...

Know your subject
Know your market / Customers
Give good value (and tell everyone regularly)
always keep improving the business model

N:smart:

 

[Pat494]

Has anyone got any bright ideas that the unemployed might find useful ?

Another possibility is to be a small group of amateur journalists. Everyone has a camera these days. There must be local stories that could be sold to the press. Plenty of money is paid by national newspapers for such stories. Just make sure they are true and not libellous.

People like the not so Rev Flowers might have been outed a lot earlier if someone who knew had " whistle blown " !! Who appointed that guy anyway ?

 

[Pat494]

Keep 'em coming with the ideas, Pat!
I'd love to work for myself, but don't really have any skills. (get skills is the obvious solution I guess)

You often hear about how the failure rate for any business is similar to the dire statistics that we hear of daytraders. But Does that apply to all businesses?

I ask, because I have about 5 friends who, over the last 4 years or so have all started various businesses and quit their jobs, and everyone of them hit the ground running and has been doing very well for themselves.
Friend 1 started a gardening business within about 2 days of buying some basic equipment, and within a few weeks was making a 'regular' wage, which has now turned into rather a good wage with some comercial contracts, huge customer base et.
Another friend started a tree surgeon business and has been making very good money since day 1.
One friend, a window cleaning business. Not doing fantastically, but he loves being his own boss, and is making ends meet.
Plus a few other friends in more specialised roles, but still never with even a hint of failure!

I know what it is like being unemployed with the minimum of skills. The education system equips one with a scant knowledge of near useless subjects for employment. Still it is a lot better than it used to be.
Glad to see your friends are doing well starting their own businesses. Maybe they could suggest something ?
Another idea is to employ ex-coppers/servicemen to form a local security company. Perhaps on a co-operative basis.

 

[Pat494]

Anyone watch Bargain Hunt on BBC1 ? Great program to soak up knowledge and be amused.
Nothing new in this as a possible business starter. Coupled with eBay might suit some people.

One for computer geeks would be to write profitable programs for MT4 or similar and makes loads of dough on the markets.

 

[Pat494]

I used to do metal detecting for a hobby years ago and found lots of odds and ends. Nothing spectacular except a very rusty 1850s muff pistol for ladies.
However watching American diggers on TV reminded me how much of a thrill it is to find something. Ringy and KG are really a couple of characters. If they can find easily, interesting stuff in the New World think how much can be found in the Old World !

Find a buddy and get permission plus of course a detector and good hunting. A local camera team might try and sell a film of it to the TV companies too ?

 

[Atilla]

I used to do metal detecting for a hobby years ago and found lots of odds and ends. Nothing spectacular except a very rusty 1850s muff pistol for ladies.
However watching American diggers on TV reminded me how much of a thrill it is to find something. Ringy and KG are really a couple of characters. If they can find easily, interesting stuff in the New World think how much can be found in the Old World !

Find a buddy and get permission plus of course a detector and good hunting. A local camera team might try and sell a film of it to the TV companies too ?

How did you choose your locations?

 

[Pat494]

How did you choose your locations?

Good point as I wasn't going to try doing it illegally. So permission had to be obtained. Looking back I should have been more professional and at least had a card and contract printed out rather than just turning up on the doorstep. But other things really had priority after not finding much, like trading.
The archaeology is important too.