Recent content by New Member

Not really understood this concept. Unless someone gets lucky with some hunch trades, little to no real knowledge of how the markets work, I think someone who trades profitably for a few months should be able to remain so in the long run. What makes someone profitable first few months only to...

You're right, I did sim trade. I actually really enjoy the research part but the trading part itself (the watching of prices can get a bit boring as you stare at the screen and wait for things to evolve, especially on low volatility days). However, since I have been able to make good money it's...

Exactly. Even then, I think the figure of 95-97% losing, is exaggerated. I read somewhere that at least for one of the firms that their winning clients totalled around 20-22%, which of course is still low, but more respectable than the 95% or so bandied around. But one of the main reasons for...

It's time consuming. I spend almost every spare moment researching what I might trade the next day (luckily, this process is getting faster with experience). I know people say you should keep your day job as that ensures a liveable income, but I honestly don't think it is possible. I am lucky in...

I started trading around five months ago and so far have made a substantial profit. It's nothing major, though still in the thousands of pounds. Why do so many traders fail?

I decided to start with real money after playing around with demo for a while. I have managed to turn £1k into £16k over many trades (with real money). I have opened and closed many trades in that time, both longs and shorts, n real bias, so I don't think it's just luck. I have devised a system...

Even though I feel comfortable with spread betting and heave learned quite a lot, I am still new to this overall and still trying to get to grasp with the various technical terms. When you say hedging an order, do you mean making a second bet in the opposite direction? Sorry if this comes...

I find spread betting most comfortable as I have developed significant knowledge about it over the years and played the markets subconsciously throughout this time. I would have been very successful if I had the conviction to trade on my judgements. However, I am rather worried about stop losses...

Sorry if this sounds a bit disheartening but if you are in the negative after 10 years then you are probably better of stopping. I doubt someone who has not been able to achieve success in 10 years will make it.

On a stock that is between 200p and 300p. The stock is fairly rangebound and not really volatile (daily price change is usually no more than 2-3%) but am worried about the movements on the open. I hear of spikes on the open where stocks can momentarily open some way away from current price...

Aren't these firms fully regulated? Aren't the prices offered to you by these firms realtime prices that everyone else sees. Sure, the spreads can be different, usually marginally, but how can these firms rip people off when the profit/loss on trades are determined by the same real time prices...

Look here, http://m.youtube.com/watch?v=3y7aOZIc05w The guy looks like he is almost making random long/short calls. In one of the comments on this video he says this, " Many times it has to do with instinct, something you develop over the years", at being questioned how he was making his decisions.

About 4 or 5 weeks ago I was called by a broker from one of these day trading firms from his office in the city and he was trying to sign me up for an account. He even asked me to log into a trading platform since I was in front of laptop. I did and he asked me to put a trade in. Told me to pick...

I personally think day trading is pure luck, traders are gamblers while the firms that offer the odds (prices) are, essentially, bookies. What separates good traders from bad is not better trading but better money management. Ones that make money from it long term are essentially better money...

I have been playing the markets last few months with virtual money and think I should be moving on to the real thing. My trading strategy has been to trade the range, buying support and selling resistance. I have used the stop losses successfully to minimise losing trades but have a tendency to...