basic set up

[Bugsbacon]

What would be a a basic set up for trading first time?

Computer.....processor speed memory etc.

Trading Platform

Chart service

Size of account

Regards

 

[Hotch]

Completely depends on what you're trying to achieve. I suggest buying a book.

 

[Bugsbacon]

Min £500 per week required to earn to cover basic housing costs....give up the day job

Low cost set up

Already have iMac.....can load on windows 7

Contemplating ......Using infinity AT charts & platform

Should be able to start trading account with £5-10k

Any views on what others use & or started with....& weather this is realistic for a start up for trading

 

[Jason101]

What would be a a basic set up for trading first time?

Regards

A couple of years experience.

 

[mattboffey]

Read the first step articles and set up a demo account

 

[rick88]

Any setup is good if it makes money.

 

[mattboffey]

Hi Rick

Do you know if you are going to scalp, swing trade or hold longer?

 

[TraderChamp]

Hi

if you have 5000 to setup a account then do yourself a favour and setup a 50 or 100 live account trade the smallest lot size for couple of weeks and see what happens in the real markets. You'll have the real experience no matter what happens with the account

regards

 

[Stirf]

Min £500 per week required to earn to cover basic housing costs....give up the day job

Low cost set up

Already have iMac.....can load on windows 7

Contemplating ......Using infinity AT charts & platform

Should be able to start trading account with £5-10k

Any views on what others use & or started with....& weather this is realistic for a start up for trading

$500 Per week to start off with? I suggest you keep your current job and start papertrading for the next 6 to 12 months in your spare time. Otherwise the market will show you how to blow up a $10.000 account in only a few weeks. Stay away from scammers who claim to teach you how to make profits trading. If they are profitable themselves, why start teaching? Here's a thread on scammers. It's a living document, so names are added constantly: http://www.elitetrader.com/vb/showthread.php?threadid=212110&perpage=6&pagenumber=77
Scroll to mid-section.

Besides all this I attached a document on TA. I suggest you read it, gives a refreshing look on the subject.

 

[pboyles]

Min £500 per week required to earn to cover basic housing costs....give up the day job

Low cost set up

Already have iMac.....can load on windows 7

Contemplating ......Using infinity AT charts & platform

Should be able to start trading account with £5-10k

Any views on what others use & or started with....& weather this is realistic for a start up for trading

Totally unrealistic I'm afraid. You're trying to make 5 to 10 percent a week just to live on, it's not going to happen. If you did 10% a week on £10,000 and compounded youd have £1.4 million in a year, do you really think that is possible?

Open a demo account and see if you can do it for three or four months in a row. Don't give up your job to do this.

 

[neil]

Totally unrealistic I'm afraid. You're trying to make 5 to 10 percent a week just to live on, it's not going to happen. If you did 10% a week on £10,000 and compounded youd have £1.4 million in a year, do you really think that is possible?

Open a demo account and see if you can do it for three or four months in a row. Don't give up your job to do this.

PB is correct - Don't gamble - try demo trading for a few months. That way if you cannot hack it as a profitable trader you still have your day job.

 

[t2wfx]

Always try using demo account first for experimental purpose. It's always great to still have your job in the 'arsenal' at the end of the day considering things might not always go well.