Recent content by Tawe Trader

barth3z, I hear what your asking but say a profitable trader placed a long bet (electronically) and the spreadbetting company quickly copied it and to a much large scale say 1000's contracts, then it would push the mkt even more in your favour to the long side :-) I doubt that could be...

How is the spreadbetting company going to know client's strategy ?? all they will see is buy or sell entries. They would struggle to reverse-engineer a profitable traders method, who's reason for entry wasn't 100% TA based. There are also timeframes to consider, what may be one traders long...

After re-reading my post above it sounds like I am encouraging gambling, which I am not. I wouldn't advise any complete beginner to put £1000 in a s/bet account and trade from the off, you may as well stick a grand on a horse this Sat. What I meant to say was that if after getting interested...

This statement also got my attention. Any half-decent car mechanic should have a spare £1000 - stick that in a spreadbetting account and trade the FTSE at 50p or £1 a pt. This is an great way to learn about the mkts and yourself !

I'd like to think it is ditching my 'trading EGO' but it's going to take me years to get rid of it. So as long as I am aware of it lurking in the background trying to sabotage my trading account, I believe I am at least heading in the right direction. There are hundreds of excellent quotes from...

Trader Dante, from what I can remember about the first case, it was to do with SpreadEx closing a Dow position that was going against him, even though he argued he had sufficient funds to cover it. After they closed his trade, the mkt turned around (typical) and would have resulted in a...

I would try MF Global Spreads who as part of the MAN group should be able to accomodate that kind of size. I am in the process of opening a s/betting account with them and the 'salesman' did say they hedge all their bets. If you would like the name and details of the person I have been dealing...

My best mate / best man is in the RAF Hercules Squadron that picks up the Special Forces from the dirt airstrips of all the world's most dangerous places, Iraq, Sierra Leone, Afgan. etc HE THINKS I HAVE BALLS OF STEEL TRADING THE MKTS FOR A LIVING ! If I have a bad day in front of the pc at...

Sorry Rhody to overlap on your reply - my typing is a bit slow. Darren

But another pupil may have carried out 3 trades, adhered to the trading plan he's been taught and still lost money........who's to say he shouldn't pass also ?

I believe it is different, doesn't trading require a high level of fortitude where you are risking your own hard-earned cash on each trade, where there are no guarantee's of the outcome ? Fortitude/courage/mental strength is not something that can be taught from a textbook, though it can be...

Sorry, it's looks like I may have gone a bit off topic. Basic Financial planning or whatever should be taught in schools ie ISA's, APR's and stuff but I don't think trading could be taught/learnt in school based what I have mentioned above regarding what attributes I believe make a successful...

I am very glad that a high level of intelligence isn't essential to becoming a successful trader, otherwise I should never have started on this road over seven years ago. I went to a very poor Welsh Comprehensive school back in the 80's where I was one of the lucky ones to leave with a couple...

Hello ScotchHarry, From what I have read over the years, managing OPM (other peoples money) has been the downfall of many a good (profitable) private trader. This game is psychologically very difficult without the added burden of worrying about losing your friends and/or relatives savings and...

If you are looking at trading the FTSE it is worth checking in on the Welsh Wizard. He is a short-term trader and he gives a free daily commentary most days. www.thewelshwizard.com http://footsie.members.beeb.net/ARCHIVE/151007.htm I pretty much, only trade the FTSE index - cash and Future...