Recent content by Paulds11

I think this is a critical question asked by the thread starter. The problem is twofold. 1. You have to decide where your focus is. Ie fundamental technical biases because that will tell you how to research. 2. If technical, then you need a package that will allow testing on historical data e.g...

Dont be so stupid and gullible... YOU WILL NEVER TRADE the same way as anyone else... why your characters are different.. your current tolerance for risk isnt his, your current knowledge isnt his and what you love about the markets actually may not even co-inside with the areas he offers. There...

This information must tell you that certain personalities are indeed best suited to the game in that they are not so easily put off by the issues of trading. :-D

What exactly are you trying to achieve ? How do you think this is going to make you money by trading better? What are you trying to accomplish exactly? This is the most pertinent question you need to ask yourself.. not whether you can link two execution platforms together.

Please refer to messages sent prior for answers. Youre going to need it.

My spelling is the least of your worries my friend, after the self justification in that indignant reply. You dont fool me for a second, about your challenges.

Agreed! Phwahahahahahaaa Give the man some time. If he wont learn then he will FEEL it eventually untill he gets into line on this issue..!

Re: Essentials Of 'First Steps' For new Traders: 1. The most important aspect of Trading is understanding your own Personal Psychology. This will wash over you until the pressure of seeking to trade properly from the series of losses you will incur will force you to visit this area again in...

"the above is incorrect and ill-focused.?" I have read your amusing little retort...& let me say ! No it is not, it is absolutely right and youre being pendantic expecting this paragraph to define precisely how to trade that would be nonsensical. 1.I have NOT claimed WIZARD books as...

Any sensible trader uses at least a mental stop loss, but setting them too tight and not applying them to a specific strategy is a common error in their use. Stop losses are critical . To believe them not relevant is outlandish. Next topic

Analysis Nice article.. what I am more interested in is how you were able to contruct the graph. Extracting meaningful data like this from historical charts across two separate markets is not an easy excersize. What methods did you employ to extract this data? e,g, did you use Easylanguage...

The only trading books you need as a newbie should be focused around Psychology and how to write a trading plan. Everything else grows from these two areas naturally. The Wizard books you must read continually, never stop. I guarantee you if you do this you will move towards making it. If you...

You should only worry about taxes when you are winning in this game, else its irrelevant. Also, why are you spreadbetting? Do you get volume information from your spreadbetting company? People need to wake up and realise spreadbetting is actually an advanced trading tool that should only be used...

1. PROFIT 2. Profit 3. The challenge of reaching consistent profitability through self control and discipline. If you find any other trader citing anything else other than these central themes, they are not properly aligned to winning in this game.

It is THE most important part of Trading. It also took me about 6 years of losing on and off to get to this realisation. Now I am aware of it, my trading is turning a corner. The reason many lose is because they never quite get to this realisation and self analysis. They think trading is an...