Where to begin?

Radec

Newbie
8 0
Hello.
Obviously I am new, and would like a little help, if anyone has a little time.

I'm 21, and after stumbling around this site, and topic, it seems to be a lot more of an interest than I ever thought it might.
Some time later, I decided I'd like to really try my hand with it.

So I would be very grateful if anyone has a direction to recommend starting in.

I'd like to say that I'm anticipating a lot of time and effort to be invested.
I know that you absolutely cannot expect to start and prevail without years of experience.
Id really like to learn about trading, starting from scratch.

Also, does anyone know where I can find any demos I can use?

Thanks
 
M

member275544

0 0
Hello.
Obviously I am new, and would like a little help, if anyone has a little time.

I'm 21, and after stumbling around this site, and topic, it seems to be a lot more of an interest than I ever thought it might.
Some time later, I decided I'd like to really try my hand with it.

So I would be very grateful if anyone has a direction to recommend starting in.

I'd like to say that I'm anticipating a lot of time and effort to be invested.
I know that you absolutely cannot expect to start and prevail without years of experience.
Id really like to learn about trading, starting from scratch.

Also, does anyone know where I can find any demos I can use?

Thanks
first steps are all here..
http://www.trade2win.com/boards/first-steps/89078-essentials-first-steps.html
 

Radec

Newbie
8 0
Currently reading through that already.

If I'm honest, I like to view peoples thoughts and views, too.

Thanks
 
M

member275544

0 0
Currently reading through that already.

If I'm honest, I like to view peoples thoughts and views, too.

Thanks

OK, then the very first thing I would be working on, is defining the trend.
what works for you, and that is then your blueprint for your strategy..thats your next thing..once defined your strategy, backtest
use a few instruments only. You will miss great opportunities with a net too large
then forward test on demo data (yeah you will have people say don't use demo blah blah blah, that will just detract from the point..forward test)
Give yourself time, patience is key, work on tuning that strategy.

ready?..right, give it a go on real.
when you've done all that, or are having problems, just pm me and I'll help if I can

thats about it in a nutshell..far too much to try and cover in one go I'm afraid
 

Lee Shepherd

Senior member
2,164 571
Currently reading through that already.

If I'm honest, I like to view peoples thoughts and views, too.

Thanks

Forget peoples thoughts and views. These will only screw you up.

Start from anywhere you like, there is no defined 'beginning' when it comes to trading and the correct way to start.

Find your own way because no one will be able to help you find yours.

3 pointers to work on.
 
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new_trader

Legendary member
6,531 1,417
Where to begin? Take an I.Q test, preferably a few of them and specifically Culture Fair IQ Tests. You can buy good books on how to boost your I.Q from Mensa and they have tests in them. If you consistently score above 130 then you probably are fit for this profession, if don't then you should find something else to do with your time and money.
 

ffsear

Senior member
2,157 439
This is where I started..

 

ChattiFX

Member
66 4
Hi,

Best piece of advice I would give is to start a journal and record everything about the reasons that lead you to make each trade. Then at the end of each day/week/month go back and see which trades worked, which didn't and the reasons for both.

Then you can look for correlations and areas to improve, slowly tweaking your strategy to profitability. It takes a lot of time and discipline but I wish I'd done it when I started and saved a huge amount of time and money in the long run...

Cheers.
 

Triggerfish

Active member
229 14
I'd really like to learn about trading, starting from scratch.
The task ahead of you is as follows:
"You need to SEE the invisible" and "You need to KNOW the unknowable".....but yet, there is no YOU!
 

Giovan

Active member
163 7
get yourself into a basics class, most brokers have such and there are lots of free stuff online. Take a full TA course and once you are baked, demo for some months till when you can consistently make some pips...by then you will be knowing what to do next
 

new_trader

Legendary member
6,531 1,417
The task ahead of you is as follows:
"You need to SEE the invisible" and "You need to KNOW the unknowable".....but yet, there is no YOU!

A profound and interesting post. Trading involves more than just seeing with the naked eye, it also requires 'seeing' with the mind's eye.(y)
 

Lee Shepherd

Senior member
2,164 571
Go long. Wait for a pullback, any one will do. then go long on any market index. Easy money and only 5 minutes per day.

You can be earning over £2k per week using this secret method that real city traders do not want you to know.

Remember just go long.
 
 
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