Hello :)

[vector92]

Hello everyone,
I am new here. I am 24 years old and i took a master degree last year in finance. I'm italian, so forgive me if i do some mistakes . Right now I'am in London and I am trying to get a job in "investment banking". I am trying to undestand how the market works and for now i have no intentions to make money. Maybe i will put a little money on a platform but just for fun.
I read almost everything that you advise to begin in this forum but I have some questions.
How do u analyze charts? Do u use a program or just the trading platform?
What's the best platform for a beginner? I read that I have to chose it but there are so many of that....i would like to do dailt trading.
And...If u have any tips please tell me what helped u in the begin.

Thank you everyone

 

[tomorton]

Best way to analyse charts is seriously to determine what you're looking for before you start searching - so you know what it is when you've found it. A firm set of set-up criteria will also help you judge two / more opportunities against each other to see which better fits your strategy.

I use a downloaded programme to do TA but most platforms have more than enough tools to do the job.

Be aware that platforms can be a bit quirky.
e.g. my SB provider's charts' daily bars/candlesticks start at 2245hrs, so the date of the bar is the day preceding the main market sessions in London & NY. It also means the bars can vary a little from other providers' bars, depending on when they determine their Open/Close time. If you're going to be day-trading off the platform charts and a few pips/points can make a difference to a trade, find out if they are displaying bid prices or mid prices.

 

[Quantt]

Hello everyone,
I am new here. I am 24 years old and i took a master degree last year in finance. I'm italian, so forgive me if i do some mistakes . Right now I'am in London and I am trying to get a job in "investment banking". I am trying to undestand how the market works and for now i have no intentions to make money. Maybe i will put a little money on a platform but just for fun.
I read almost everything that you advise to begin in this forum but I have some questions.
How do u analyze charts? Do u use a program or just the trading platform?
What's the best platform for a beginner? I read that I have to chose it but there are so many of that....i would like to do dailt trading.
And...If u have any tips please tell me what helped u in the begin.

Thank you everyone

Hello and welcome to the forum... My advice is to get demo accounts on as much platforms as you can (it is free) and see which one you'd like and be the best fit for your style of trading...

 

[vector92]

Thank you. I' m reading some books advised on the forum. However, it is so confusing. Nothing seems to make sense. There are no methods, no point, no structures. It seems that is more important know how to control yourself than have a good plan or method! I don't know how to begin!! too much infromation. However, than you for your answers )

 

[tomorton]

Thank you. I' m reading some books advised on the forum. However, it is so confusing. Nothing seems to make sense. There are no methods, no point, no structures. It seems that is more important know how to control yourself than have a good plan or method! I don't know how to begin!! too much infromation. However, than you for your answers )

This is already rather perceptive, good start mate.

Its often said that trading is 20% knowledge and 80% psychology. 80/20 or not, the truth remains traders fail due to inappropriate attitude, not poor systems. Think about it - if a trader has a poorly performing system, with the proper attitude he would adapt it or change it. The decision not to adapt in the face of evidence reflects nothing but an attitude problem. So nobody should ever blame their system.

Start with a simple strategy, even a moving average crossover with 2 MAs and a long-term filter MA. These work as long as you apply sensible positions sizing and risk management, while you will learn so much from using it.

 

[vector92]

Thank you, i will try

 

[Sophia Masona]

Thanks to everyone for advice and encouragement. I am a new member too and I would like to follow all the discussions. Later on, I will come up with my own questions.

 

[BigSimon]

I'm relatively new, but I had some really good advice off another forum - start by understanding the signals or 'candlesticks' as they are known. Once you can identify patterns, you can start to predict what will happen next!

Also, find a broker which has educational resources as part of their offering!

 

[tomorton]

I'm relatively new, but I had some really good advice off another forum - start by understanding the signals or 'candlesticks' as they are known. Once you can identify patterns, you can start to predict what will happen next!

Also, find a broker which has educational resources as part of their offering!

Remember, what the market does can't be predicted 100%, so it can always surprise you by doing something you thought was less probable than what you hoped. Start with a simple strategy and demo trade with it for 100 trades until you can see why it works and why it doesn't in every foreseeable circumstance.

 

[BigSimon]

Thanks man, I read your reply and followed your advice - I've used a few demo accounts and settled on a broker. Made a little and lost a little, but overall in the green !