Traders from Australia?

jayjay121

Established member
555 31
should be with you guys soon, moving to the gold coast next year.........can't wait i absolutely love it there.
 

Hunter08

Junior member
29 6
hey, i'm base don gold coast, perfect life, simply amazing weather.

ever wana chat, add me to skype - cfdtrader69

i'm sure to be aroudn during the asian and europe session.
 
H

hardballgets

0 0
Hi!

I live in Hervey Bay in Queensland and trade my own account, full-time, from a home office and have done so since 2000.

Have mainly traded ASX blue chips and SPI200 but the last year have started trading forex and overseas indices, as well as some commodities.

I'm a price action focussed technical trader. Email and Messenger is hardballgets at bigpond.com.
 

swissy

Senior member
2,132 228
Hi - I am living in Puckapunyal (if your from Oz you will probably guess my job) and have been here (from UK) for 2 years. I SB'd in the UK and ended up losing most of my money in the account because I was gambling. I want to learn to trade properly to release me from the shackles of my "career" rather than wanting to get rich!

I like Australia though miss bits of the UK.

I have signed up with CMC markets here but not trading till I know what I am about and what the markets are about! looking to trade one FX pair and one index.

Best,

Swissy (yes - I am half swiss too)
 

excel

Newbie
2 0
Hello!
I am in Melbourne.
I am a final year Commerce student looking to become a professional trader. I have traded equities, but my strategy is not one that works every day. I would love to be coming up with new strategies/trading them as a career.

It would be great to meet you guys.

excel
 

swissy

Senior member
2,132 228
Hi everyone,

I've signed up to an account with CMC markets Australia for CFDs on Index and FX.

Has anyone got any views - good/bad. I find their trading platform a bit clunky (demo) but as a newbie but I am not live trading until i am happy that I am competent.

Considering signing up to IG for "Trade sense" and beyond.

Any advice welcome,

Regards,

Swissy
 

Joules MM1

Established member
645 142
Hi everyone,

I've signed up to an account with CMC markets Australia for CFDs on Index and FX.

Has anyone got any views - good/bad. I find their trading platform a bit clunky (demo) but as a newbie but I am not live trading until i am happy that I am competent.

Considering signing up to IG for "Trade sense" and beyond.

Any advice welcome,

Regards,

Swissy
your major challenge is lack of depth (that'd be none!) and if youre moves are dictated by oscillations then the time ranges are misleading to the underlying (regardless of how futile indicias are to start) because the market makers are playing their own desk you have to contend with the indicators going astray from the underlying and that is over several frames and also the bars are not gogint to function the same as the exchange.....you'll often get 1-3 second spikes to get yu to jump and so the intermediary desk is getting their jollies before you do......you need to know what the desk is doing...I mean.....anticipate the moves of the desk into the opens and closes.....so you need to know when to have those open pos closed so that the bigger clearances of stops arent done by the desk when there's no market....also the desk may (often does) swing a price range through typical stops into the close when intra bank work is done and you can't close your pos......I'm implying that overnight swing pos are night advised......not by me........study for while.......on the upside the futes market makes very well like the open session so once you read the flow of the plays then you get a better lever and can accommadate stupid swings designed for impulse traders......the news pos is fruitful only if youre absolutely clear on the levels and watch the set-up inot the news release and keep it in context of the larger trends and s/r etc the desk is very good at moving against the obvious fear/greed factor so if in doubt,leave it out for the news plays.....your biggest challenge remains; no depth of anything...remember their desk has depth and you don't...they see your stops but you don't see anyone elses......make sense?

hooroo
 

swissy

Senior member
2,132 228
your major challenge is lack of depth (that'd be none!) and if youre moves are dictated by oscillations then the time ranges are misleading to the underlying (regardless of how futile indicias are to start) because the market makers are playing their own desk you have to contend with the indicators going astray from the underlying and that is over several frames and also the bars are not gogint to function the same as the exchange.....you'll often get 1-3 second spikes to get yu to jump and so the intermediary desk is getting their jollies before you do......you need to know what the desk is doing...I mean.....anticipate the moves of the desk into the opens and closes.....so you need to know when to have those open pos closed so that the bigger clearances of stops arent done by the desk when there's no market....also the desk may (often does) swing a price range through typical stops into the close when intra bank work is done and you can't close your pos......I'm implying that overnight swing pos are night advised......not by me........study for while.......on the upside the futes market makes very well like the open session so once you read the flow of the plays then you get a better lever and can accommadate stupid swings designed for impulse traders......the news pos is fruitful only if youre absolutely clear on the levels and watch the set-up inot the news release and keep it in context of the larger trends and s/r etc the desk is very good at moving against the obvious fear/greed factor so if in doubt,leave it out for the news plays.....your biggest challenge remains; no depth of anything...remember their desk has depth and you don't...they see your stops but you don't see anyone elses......make sense?

hooroo
Blimey - Thanks for replying, after deciphering I think your saying the "desk" manipulates the traders (as I don't have DMA) and plays them like a fish. Suckers like me will be cleaned up as I don't know what I am doing. Agreed - still gotta learn - thats why I am on this forum..and taking it slow. Learnt a lot of harsh lessons from UK SB whilst over there (back to square one for me) and I want to minimise my "educational" losses when live trading. The chips are stacked against us I know....I don't want to become another lemming but I do want to learn.

Regards,
Swissy
 

Joules MM1

Established member
645 142
playing within the designated hitting zone is not nipulatin....can't even say the word.....it's more, you figure it out coz this is business......don't get too caught in the hype of how things work.......just observe the mechanism and see that there are people who create market and lemmings who are pumped......think of yourself as a lemming....you don't become one....that's like saying your an expert now and careful not to undo the good work.......best pros have an "i'm a lemming, what's the lemming next to me gonna do?" approach.....wanna know what a lemming looks like? find any chart, bingo; lemmingss :)))
 

swissy

Senior member
2,132 228
Thanks for the advice..I am not going to jump off the cliff though
 

air2art

Newbie
1 0
Hi,
Anyone in Cairns. I have started a small group who trade options and CFD's. If you interested in coming along some time or would like contacts. Please feel free to contact me.
Regards
Mark
 

CTGCollins

Junior member
32 2
Introducing myself...

I am a relative newbie part time trader. Been trading for about a year, and losing money for about a year... Have been to a few training courses in the UK last year by WIN Investing (I moved back to Australia from the UK in Sept 07). I have been trading UK shares in the evenings because the time zone difference makes this easier. Have also dabbled in spreadbetting on currencies and indices. Have made some nice wins, only to be stung by bigger losses.

In the past few weeks I have been using trend lines on the RSI to try to time my share purchases, and it seems to work for a few days, and then the share still falls over and I lose my money. I know it doesn't help that the FTSE is spiralling downwards at present, but I have been looking in the sectors that are rising or turning upwards. My main sharetrading account is with Barclays stockbrokers UK, and it only allows long trades (can't go short). I also have two spreadbetting accounts, one with IGINDEX and the other with GFTUK.

I hope I can lear enough to start keeping afloat before all my money disappears...

Chris, based in Brisbane, Australia.:cry:
 

swissy

Senior member
2,132 228
I am a relative newbie part time trader. Been trading for about a year, and losing money for about a year... Have been to a few training courses in the UK last year by WIN Investing (I moved back to Australia from the UK in Sept 07). I have been trading UK shares in the evenings because the time zone difference makes this easier. Have also dabbled in spreadbetting on currencies and indices. Have made some nice wins, only to be stung by bigger losses.

In the past few weeks I have been using trend lines on the RSI to try to time my share purchases, and it seems to work for a few days, and then the share still falls over and I lose my money. I know it doesn't help that the FTSE is spiralling downwards at present, but I have been looking in the sectors that are rising or turning upwards. My main sharetrading account is with Barclays stockbrokers UK, and it only allows long trades (can't go short). I also have two spreadbetting accounts, one with IGINDEX and the other with GFTUK.

I hope I can lear enough to start keeping afloat before all my money disappears...

Chris, based in Brisbane, Australia.:cry:
Hi... you sound in a similar position to me!! I am interested in SB from Australia (having come over from UK) but only can see CFD trading platforms on offer here. Because of the leverage (and potential losses) I have so far hesitated trading CFD live and been doing demo. I would prefer to SB at this stage due to limited risk and small stakes - any advice on how to do this? You can PM me if you want.

Best,
Swissy
 

Chorlton

Established member
693 48
Hi... you sound in a similar position to me!! I am interested in SB from Australia (having come over from UK) but only can see CFD trading platforms on offer here. Because of the leverage (and potential losses) I have so far hesitated trading CFD live and been doing demo. I would prefer to SB at this stage due to limited risk and small stakes - any advice on how to do this? You can PM me if you want.

Best,
Swissy
Swiss,

I may be wrong here but my understanding what that Spreadbetting wasn't allowed in Australia, hence the focus on CFD trading.

Do you still have friends & family in UK and how long have you been over here in Oz?

Feel free to PM if you'd rather not post on here.....

PS. The reasoning for the question is that you "could" still apply for a SB account using a member of your family / a good friend as a postal address
 
Last edited:

CTGCollins

Junior member
32 2
Hi... you sound in a similar position to me!! I am interested in SB from Australia (having come over from UK) but only can see CFD trading platforms on offer here. Because of the leverage (and potential losses) I have so far hesitated trading CFD live and been doing demo. I would prefer to SB at this stage due to limited risk and small stakes - any advice on how to do this? You can PM me if you want.

Best,
Swissy
I think you need to have a UK address to be able to spreadbet. However, I rang IGINDEX the other day and they said they have lots of Australian clients who do spreadbetting. Try ringing them and see what they say. IGINDEX have nice graphs anda new system which will place a bet for you if a price OR and indicator breaks a trend line. I haven't been game to try this out yet because I have lost too much real money in my IGINDEX account and you can't use that feature to trade their virtual account... However, I am using those graphs to set up alerts for me. They do SMS alerts too, but only to a UK mobile number. GFTUK has alerts if a price or indicator trendline is broken and will SMS a number anywhere in the world. GFTUK also have a "proper" order system where you can place a stop to buy or sell at a given price and have an already attached trailing and fixed stop. The IGINDEX order to open does not include a trailing stop, only a fixed stop.

Good Luck, Chris
 
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