Frankly I owuld steer clear of any spreadbetting system. I've not come across a single one which will make money. A good starting point would be spending about £20 at Amazon on TEchnical Analysis for Dummies or Jack Schwager's 'Getting Started in Technical Analysis'. Even if you don't use TA, it's good to start understanding how professionals pick trades. The most important thing is to make your own decisions. Open a demo account with CS or another broker, and learn on the job would be my advice.Hi
How do I go about starting then
What is a good page? and does anyone have a useful system for a beginner
demo account with CSFrankly I owuld steer clear of any spreadbetting system. I've not come across a single one which will make money. A good starting point would be spending about £20 at Amazon on TEchnical Analysis for Dummies or Jack Schwager's 'Getting Started in Technical Analysis'. Even if you don't use TA, it's good to start understanding how professionals pick trades. The most important thing is to make your own decisions. Open a demo account with CS or another broker, and learn on the job would be my advice.
I have purchased the ''Making money from financial spread trading' & 'how to stop existing & start living for £277.00'' a while ago and having read through it i dont think that it is worth the money.You can get the info for free by trawling the net.He has a subscription service where he emails or texts the trades he is making.I myself, like a lot of other people have bought a lot of Trading Books and Systems over the past 2 years,and of all of them i have found ''http://forexautopilot.com/'' to be better than most of the systems i have purchased.I have run it on a demo acc and over a period of about 6 week it went from $5000 starting balance to just over $7000.When i looked at the settings of this particular EA i noticed that the Stoploss is set at zero,as a result some trades can go quite far into the negative so you need to be quite strong mentally and let it do it`s work(it live trades for you on autopilot , so you need to keep your computer switched on from Sunday to Friday '' ie markets open time).I have found another site by an independant trader(My Forex Trading Program Reviews - Forex Autopilot System Marcus Leary) who seems to have confirmed the same things as me, plus he has rated other systems that can be found out there in the WEB.I hope that the above has helped to save you some TIME & MONEY and I would also like to say that I am not affiliated with any BOOK or SYSTEM AUTHOR in any way shape or form.I hope that I have not violated the forum`s rules in any way with my response.
anley, are you promoting IG too?SSINGH
Thanks, I didn't know that. Did you tell us that because you want to help us all or did you put IG's link in their because you're an affiliate of them and are trying to pathetically use this board to make money?
:clap:I too am a novice and have bought the FTS course, The Champion Trader and the Basic Vince Stanzione course. Yes, the information is available for free on the internet but if you are new to the subject none of it will make sense unless the information is presented in a basic format starting with the easier to grasp concepts first. Lets face it none of us started reading lessons by reading "War and Peace".
All courses listed are reasonably affordable £99- £475.
All offer more courses or software. surprise surprise.
Each course has a different method and uses different indicators.
All courses mentioned are very interesting, educational and unfortunatly that comes at a price. None are the Holy Grail (if it exists?). Two of the courses offer specific entry and exit points. So at least you can get started trading, keep your stake low and get some experience.
Like every other trader you will buy a stack load of books, go on a few courses and make lots of mistakes and hopefully some money.
By the way, I have placed 3 low stake but profitable trades using none of the information contained in the courses.
if I can be of further assistance please shout.