Trading Training

samtullett

Newbie
9 0
Hello there to all traders,

I signed up to this forum to try and get to grips to what traders (short term) use to practice their chart analysis or 'trading'. I know for a fact that most traders out their use practice accounts which allow traders to use 'fake' money to trade so there is no exposure to risk but I want to understand other methods of practice which may be left out or may not be known to many people.

I would also appreciate any feedback or suggestions as to the flaws you as traders feel about the trading systems out there, all suggestions and feedback will be replied too!

Thanks for reading and I enjoy to hear from you.. happy trading

Sam
 

PATrader

Junior member
44 2
How much are you willing to set aside for "practice"? If you can afford a bit, then open a micro account or something where you can trade in small sizes (or very small sizes). This will allow you to practice your strategy as well as a bit of emotion, better than doing on demo.
 

samtullett

Newbie
9 0
Well I know there are practice accounts but you can spend all day staring at the screen to only miss what would of been a valid and profitable trade because your not aquainted to either the trend, the chart pattern, the technical indicators or other factors and tools of the trade.

Is there any alternatives?

That's a really good idea though, much appreciated advice
 

NVP

Legendary member
37,751 2,097
How much are you willing to set aside for "practice"? If you can afford a bit, then open a micro account or something where you can trade in small sizes (or very small sizes). This will allow you to practice your strategy as well as a bit of emotion, better than doing on demo.

hey PAT

Are you the guy that used to teach and trade out of the Canaries or Spanish mainland ?

with the Triangle charts ?

N
 

NVP

Legendary member
37,751 2,097
Well I know there are practice accounts but you can spend all day staring at the screen to only miss what would of been a valid and profitable trade because your not aquainted to either the trend, the chart pattern, the technical indicators or other factors and tools of the trade.

Is there any alternatives?

That's a really good idea though, much appreciated advice

yep - become a trainer/Vendor ;)

N
 

Chewbacca

Junior member
18 1
Is it better to trade Demo first or Demo very small live account side by side so that you are psychologically in tune with your trading decision?
 

NVP

Legendary member
37,751 2,097
trade demo until you consistently make a profit - this will also imply you have found your "edge"

then dip Toes into a real account and trade very low $$'s

why ?

1) you will then see what a real account does re spreads/delays / etc etc and become familiar with its quirks

2) you can decide if that broker is for yuo re above

3) repeat above until you have the preferred broker and you are making money Live account consistently

4) then build the account and your trades in value

5) then write a training course and sell it here to newbies - as you will be certainly more qualified to do it by then than the other 99% of us !!

N
 

Chewbacca

Junior member
18 1
Chapter 1
"Are you seeking financial freedom? Do you know that many traders make make more than £100,000+ per year...."

Oh I must have received another email for a well know course provider...

Why even learn how to it, write the course first :smart:


PS: Any reason why I can't start a thread, do I need a certain level of posts?
 

Chewbacca

Junior member
18 1
Cheers working now....
 
 
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