Stirf
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Let me just copy/paste the stuff that I wrote to another newbie in the business...
Friday evening and I'm behind the computer... Can it get any worse? Nevertheless it's for a good cause. Trying to keep the poor sheep away from the wolves (vendors). I can only tell you about futures since I trade forex myself, but I think trading stocks, options or whatever product wont be much different.
You can have a degree in gardening, jigsawing, physics or economics it doesn't matter. What does matter is:"do you have the mental strength that it takes to be a day trader"? If you think you do, try to find info on volume in combination with price movement. What moves the market? Volume does! Not a MACD, stochastics or any of the other crap! Read more about it in the attachment.
Concerning "teachers" (using vdo´s or not) in this business. Would you work at a company (client support, administration) that teaches others how to make money day trading? No, you would buy their course and start making thousands of dollars from the comfort of your own home. Then why do people work there? Because the, sometimes thousands of dollars courses teach you nothing but crap. They know it and that's why they stick to the 9 till 5 job for the monthly insult.
You should consider yourself lucky that I read your post. Why? Because in general people that make money trading trade! People that don't kill time on a forum. I started realizing this when I was structuraly making money. Put yourself in my shoes... Would you be hanging out here if you were making money? And I don't mean enough money to buy you a soda. No you wouldn't.
I'm not here to discuss, that would be a waste of my time. I make money, PERIOD. You can take from the info what you like.
You got one hell of a bumpy road ahead of you, but the biggest bump; VENDORS you should be able to avoid with my advice.
I wish you lots of fun and you can thank me later!
Besides that I can recommend the 2005 Rioja "Marques de Riscal Reserva"! I'm gonna get me another refill of that!
