Drowning in threads....

[go.for.it]

I'm drowning in threads for and back all the way.

I have some SIMPLE questions about trading. (feel a bit small at this site)

Have around $1.000/£500 and want to start trading.
And wonder if there could be any "easy" answear to my questions.

Where should I open account?
What should I trade? (have a good feel on SB and CFD)

Any good suggest?

BR
Frank

 

[barjon]

hi, frank - welcome to T2W

did you come across this before you drowned

http://www.trade2win.com/boards/showthread.php?t=8332

cheers

jon

 

[go.for.it]

It was the answear I was afraid of getting. (bunch of links)
To be honest, this aint helping me at all.
I just cant find in or out in this mess.
Losing the motivation for this type of moneyinvestement.
Well, thanks anyway. I maybe just hold on to betting i guess.

 

[Charlton]

Paddle around for a while !

I'm drowning in threads for and back all the way.

I have some SIMPLE questions about trading. (feel a bit small at this site)

Have around $1.000/£500 and want to start trading.
And wonder if there could be any "easy" answear to my questions.

Where should I open account?
What should I trade? (have a good feel on SB and CFD)

Any good suggest?

BR
Frank

Frank
I would start with reading through the article on trading templates and attempting to fill it in:

http://www.trade2win.com/knowledge/articles/general_articles/trading-plan-template/?r

This might help you start to answer questions such as what should I trade.

Then read some technical analysis documentation to get an idea of the basics. Try for example:
- Come into my trading room - Dr Alexander Elder
- Technical analysis of the financial markets - John J Murphy
(both should be available on Amazon)
- look at the book store on this site
or if you can't wait to order
- technical analysis for dummies is readily available in high street shops

Then look at free charts readily available on the net e.g. http://www.advfn.com/

Try applying the knowledge learnt from the books to these and get to understand how price moves, what patterns occur and so on.

Look for brokers who provide free demo accounts where you can then apply the technical analysis to the instruments you have chosen to trade using your trading plan.

This will provide you with further insight into how those particular markets work, how the actual trading platform works for that broker and enable you to start comparing brokers.

All this will help you refine over and over again your trading plan, your choices of instruments and your strategy.

Then move onto real accounts with small lots and low margins. The spreadbetting forum on this site has more on this.

The main concern I have, however, is your first sentence : I'm drowning in threads for and back all the way. You must not jump in at the deep end, but must spend lots of time in the paddling pool first ! If you are overwhelmed by the threads then you will be equally overwhelmed by the market, especially trading on margin.

So take your time and good trading

Charlton

 

[Racer]

What should you trade?
Only you know will know that...
Everyone is different and what should you use? Well that depends too on what you want to trade.

If you haven't got the motivation to do the work then perhaps trading isn't for you.

I wish you all the best whatever you decide.

As as Charlton says, be very careful if you trade on margin, you can get wiped out very fast like that

 

[TheBramble]

Where should I open account?
What should I trade? (have a good feel on SB and CFD)

Frank, you want short answers.

Decide what you're going to trade THEN choose a broker that's going to give you the best deal. Isn't always the cheapest. Speed and reliability are as important as ease of execution and user-friendly interface. Price comes next.

What to trade? Doesn't matter. Whatever instruments you feel you have the greatest affinity for. Maybe futures, maybe commodities, maybe options. It doesn't matter because you're way under-capitalised for anything and statistically, you're more likely to give all your money away anyway, so SB would be best. No point dragging it out over months.

If you think it's too much effort and hassle to check out other links and posts, you're right, it is. Just trade.