Starting out on the FSTE + DJI

Apr 4, 2012
7
0
#1
Hi All,

Hope all is well? Just joined so thought I would say hi.

Question,
Im looking for those who may have already "been there and done that"
On starting out, with a pot of around 10,000pounds, and trading FTSE + DJI, and roughly trading between 2/3% each time, how long does it realistically take to pull a so called earnings from the pot (with allowing for deviation etc)???

I know its a question that may seem impossible to answer, but im kinda hoping that someone has already done it????

Thank you for your time, and hopefully your replies
Neil
 
Apr 10, 2006
2,949
1,282
#2
Probably longer than you anticipated. 10,000 hours is often cited, and its probably quite realistic.
 

Splitlink

Legendary member
Nov 18, 2001
10,850
1,231
#3
Hi All,

Hope all is well? Just joined so thought I would say hi.

Question,
Im looking for those who may have already "been there and done that"
On starting out, with a pot of around 10,000pounds, and trading FTSE + DJI, and roughly trading between 2/3% each time, how long does it realistically take to pull a so called earnings from the pot (with allowing for deviation etc)???

I know its a question that may seem impossible to answer, but im kinda hoping that someone has already done it????

Thank you for your time, and hopefully your replies
Neil
The Hare is right and that money will only last you if you use the lowest of stakes.

Firstly, you must decide who your dealer is to be. A lot of us use spreadbetting firms because, in that way, one can learn to trade with low stakes. They have improved a lot over recent years but some are better than others. Do not put more money into your account than you need-----there is a thread about World Spreads that has gone bust, recently, which may open your eyes to the fact that it is not all about trading risks. The integrity of the dealers and the faith you can have in them is very important.

I have been on this thread for many years and I am not sure that I can positively identify anyone who has "made it". Except me, of course, but I would say that, wouldn't I? :D
 
Apr 4, 2012
7
0
#4
The Hare is right and that money will only last you if you use the lowest of stakes.

Firstly, you must decide who your dealer is to be. A lot of us use spreadbetting firms because, in that way, one can learn to trade with low stakes. They have improved a lot over recent years but some are better than others. Do not put more money into your account than you need-----there is a thread about World Spreads that has gone bust, recently, which may open your eyes to the fact that it is not all about trading risks. The integrity of the dealers and the faith you can have in them is very important.

I have been on this thread for many years and I am not sure that I can positively identify anyone who has "made it". Except me, of course, but I would say that, wouldn't I? :D

Haha Thank you for your wise words. May I ask who you trade with?
 

Lord Flasheart

Legendary member
Jan 20, 2004
9,796
975
#5
Neil, if it helps we can have a chat via skype after easter. If your really new then theres lots to learn. Look all the way round the site and then think of what you really want to know. The posters on this thread will give you good advice,but have a look around and have a more detailed plan. I never did that and it meant I wasted years trying everything i looked at
 
Apr 4, 2012
7
0
#6
Neil, if it helps we can have a chat via skype after easter. If your really new then theres lots to learn. Look all the way round the site and then think of what you really want to know. The posters on this thread will give you good advice,but have a look around and have a more detailed plan. I never did that and it meant I wasted years trying everything i looked at
That would be great! Thank you. I shall do that over the weekend. Thanks again, have a good weekend.
 

Splitlink

Legendary member
Nov 18, 2001
10,850
1,231
#7
Haha Thank you for your wise words. May I ask who you trade with?
I have not had any serious issues with Finspreads, I have been with them since before they went online. I have heard good reports about ETX - there is a thread about them, somewhere. on the Spreadbetting platform.

I'm not recommending anyone, mind, because there will, always, be objecters and, frankly, I can't be bothered with debates of that sort.
 
Oct 11, 2006
8,072
1,301
#8
Hi All,

Hope all is well? Just joined so thought I would say hi.

Question,
Im looking for those who may have already "been there and done that"
On starting out, with a pot of around 10,000pounds, and trading FTSE + DJI, and roughly trading between 2/3% each time, how long does it realistically take to pull a so called earnings from the pot (with allowing for deviation etc)???

I know its a question that may seem impossible to answer, but im kinda hoping that someone has already done it????

Thank you for your time, and hopefully your replies
Neil
Why the Dow and FTSE, volume is low, much better to trade the e mini S&P and DJ Eurostoxx or Bund, but futures, not spreadbetting. If you speadbet then you're going to lose no matter what you trade.

...and to answer your question, several years, if you're lucky and probably never if you trade retail FX or SB.