Okay, and will apologise for my arrogance earlier as have the flu and been in bed today not trading and found myself a bit wound up.
To a new trader I would say this to them, dont read any books, any information on the markets apart from the very basic but look, watch and study commodities, major FOREX PAIRS and the FTSE and DOW movement all together and see how they work, react at any given time, to whatever news, what is driving what etc at any given moment and taking notes and keeping a daily log, with comments and observations. Do this to give yourself a possible view and perspective on the markets that a total newbie would see that is totally unbiased by other input, try and build your own platofrm from software that you want to see on your computer screen based on what you feel is important?
I would say do this for at least a few months minimum, 6 months maybe, then read as much as you can on this(BBMAX trading system great start) and any other forum to build and further improve what you feel will add to the way you would like to trade but only to further add to your initial perspective and not as an overall control to the way you trade. You should find that when you start reading that some things you discovered by yourself are actually in use and good, and I hate to use to word systems, but ways to further improve the statistical chance of predicting the market movement.
You may get to a stage where from all this hard work you have built up a database on information in your brain that allows you at any given moment to jump in based on what could be so many different parameters and factors to any market at any given time and not just hard fundamentals? That is why I sate that rigid systems do not account for all of this and think that this is the best challenge to trade in this environment and perspective.
This way is not for everyone, you have to be a bit different I guess, and there are no short cuts here, nothing but constant hard graft and analysis of the markets over years may get you to where you want to be, this is one of the hardest ways to trade, and does require the hardest of effort but the rewards are there. This is also obviously always a work in progress effort going on each day so that you are still continually adapting to whatever the market decides to do in the best dynamic way possible. Most traders want that system that brings overnight success with little work, and do not mean to knock those who do. For me this was the only way I ever wanted to trade and that was not even from advice from anywhere, it is what I felt would be best suited for me, it was for me the most logical progression to trading and would never have done it any other way?
That said, this is so not the norm way of trading and maybe a newbie or many should go down this route but each to their own, we all have to be intellligent enough to stand on our own 2 feet and make decisions and quite frankly never take advice from anyone just absorb the information and take out of it what you feel you need to? A little, lots, bugger all?
This maybe crap reading to most but that would be my advice to any beginner? Would like to add that hardly anyone would do this or indeed does this, maybe I am a bit of a lone voice here so most can ignore this post, and expect a few of the usual arrogant replies.This worked for me and was the only way that I ever wanted to trade and felt was the best way to go.
If you like the above is my system but hate that word, but not one that you can punch in a few indicators or put in writing but you can only do with the right effort and outlook, no short cuts here.
