How hard is it to learn new product to trade?

[GordonBateman]

I mean if I learn how to trade Forex for example, how hard will be the transision to say stocks or commodities after I master Forex. Are the fundamentals of trading same with every product or do I have to start learning from the beginning if I change product?

 

[NVP]

I mean if I learn how to trade Forex for example, how hard will be the transision to say stocks or commodities after I master Forex. Are the fundamentals of trading same with every product or do I have to start learning from the beginning if I change product?

hey G...........let me know when you master Forex and then you can teach us all what to do.........as it beats the hell out of me

N

 

[new_trader]

I mean if I learn how to trade Forex for example, how hard will be the transision to say stocks or commodities after I master Forex. Are the fundamentals of trading same with every product or do I have to start learning from the beginning if I change product?

The people who master Forex don't bother trading anything else after that. Instead, they write trading books, sell Forex trading systems and sail around the world on their private yachts sipping piña coladas.

 

[GordonBateman]

Okay, lets not stuck into semantics. What I meant was that after you learn some Forex trading will it make it easier to trade other products too and vice versa.

 

[new_trader]

Okay, lets not stuck into semantics. What I meant was that after you learn some Forex trading will it make it easier to trade other products too and vice versa.

The reason I trade is to make money. If I wanted a challenge, I would attempt to climb Mt Everest. However, there are people who will tell you that some instruments are “easier” (Whatever that means) to trade than others, and they will advise you to start with those instruments. Why anyone would start with an “easy” instrument and then progress to a more difficult one is beyond my comprehension, but nonetheless, that is the advice you will often read.

My opinion is that once you understand the concept of supply and demand and learn how to judge which is stronger then you will be able to trade anything successfully.

Now, watch the dissenters come in!

 

[PollyM]

The reason I trade is to make money. If I wanted a challenge, I would attempt to climb Mt Everest. However, there are people who will tell you that some instruments are “easier” (Whatever that means) to trade than others, and they will advise you to start with those instruments. Why anyone would start with an “easy” instrument and then progress to a more difficult one is beyond my comprehension, but nonetheless, that is the advice you will often read.

My opinion is that once you understand the concept of supply and demand and learn how to judge which is stronger then you will be able to trade anything successfully.

Now, watch the dissenters come in!

Learn to trade one market well and you can trade them all.

BTW that means I agree.

 

[CalvinLe55]

That all depends if you have a system for a particular market or not, and if you know how enter and exit the trade. The reason people lose money is simply they havn't a system to trade the new instrument. They don't know the ins and outs of how to trade this new particular product. For instance with my forecasting system it indicated 12/17 to be a bottm for S&P 500. Well, on 12/14 the last price is 1413 and this morning 12/17 the market open at 1413. What does this mean if you have a system? Find a product like futures or binary options to play with as this is an easy one. Since the bottom is forecasted all one have to do make 75% for the day is buy the S&P500 to close above 1413. It happen to close at 1430 today, and I was still buying it long at 1426 as well. Find a system to trade, and let the market tell you what it is doing. CL