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JoelDarr
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Posts posted by JoelDarr
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It's been said all too many times: demo trading is fine for getting into this stuff, but you really can't expect it to be a comprehensive and sufficient learning tool, since using it you avoid one of most important challenges - psychological.
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It's difficult to be really successful when trading on news. There are always inside traders who know the news before most public, and will make major profits on it. And AFTER that you'll have to compete with fellow traders for whatever's left.
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The Turkish lire fell short term but didn't really go below its low against the dollar of Sept 2015.After the news of the coup in Turkey, the TRL crashed but found support not long after. The 'dead cat bounce' will run for a short time and so perhaps a 'sure trade' til the market returns to just before the coup. From then on, who knows?
Think this might be a nice chance to buy on the deep? Or is it going even lower?
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I dunno, but I bet quite a few people regret the time spent studying his methods.Really? Absolutely no point to listen to gurus?
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Well, that's quite an inspiring piece. I wonder if by the end of his life he had some regrets.
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Get some time trading live (where you have some skin in the game)... dude, it's only money, and you will discover some things about yourself that simulated trading can't provide. Nothing wrong with trading sim, but it's not real.I kind of agree with your point, demo can't replace real experience. However, I was suggesting sim for OP to get the basics of trading. I believe you'll agree that what you're talking about is kind of a next level of trading which fits to a person who already understands the basics.
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You sound really pessimistic... Can nothing save this website at all?
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of course, trading is not for only rich people, i mean brokers like lmfx offer premium accounts as low as 50 USD with enough hard work you can turn it to 200-500 in a couple of months, as long as you have a good internet connection and a decent pc.. I started with 150 anyway. and made my way up.Hm, how rare is it to succeed with such a small account in your opinion? Can most traders do this?
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Is there a country which people are initially better at trading than others? Japanese, like you've said?
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Wow, you're quite a necroposter, aren't you?
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You put it in a kind of a sad way. Like is there really no use for a theoreticall knowledge?
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"The uncertainty surrounding the new UK Prime Minister evaporated yesterday as Theresa May became the only candidate, following the withdrawal of Andrea Leadsom. David Cameron will tender his resignation to the Queen on Wednesday after chairing his last Cabinet meeting today. Brexit means Brexit, May has said. The GBP and the FTSE both rallied yesterday with some of the uncertainty over the government, post-Brexit, now out of the way. GBPUSD currently trades significantly north of 1.3000 at 1.3074."
Well, it looks like we can at least be certain Brexit will not suddenly change its direction with the new PM on board. Good to know we can be sure about that at least...
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My priority when choosing it is how well it corresponds to my needs. For example, if I know I'm about to leave and do will not be able to check my stock too often, I won't go tech or any other hyper-volatile news-dependent scompany, and so on.
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Well, seeing how most words of advice and encouragement have already been given here, what I'd like to ask is you to keep us informed what decision you've made and how's your first trades going.
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Depends on the market. For example, it's quite easy to do so via equity crowdfunding, but you can't do this with most major exchanges.
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Apple (AAPL) is stuck in the mid $90's right now. Apple (AAPL) is now a strong buy below $90. Resistance will be located up at $100.Has it found support? So far with all the bad sentiment it could easily go down another $10 or so.
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Imo stock market is better both because of volumes, extensive amount of information for any type of trader or investor and, most importantly, some sweet volatility to be able to profit even from fail trades.
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Why not shorting then if you're so certain?
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Yeah whatever, just gimme some GBP to buy at discount. What's the next lowest PT anyway? Really looking forward to jump in!
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You REALLY need a new mic pal. I was interested to watch your vid, but I physically couldn't!
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Rofl Czarina, you're quite a necroposter, aren't you?
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The question was about a cheap broker, not "what broker to choose?"
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Today is a difficult time to answer this. On the one hand, there are obviously huge discounts after Brexit. On the other hand, we are in a 7 years bull market, which puts us in quite a risk of trend turnover. Overall I'd suggest investing in some short-term stocks, but be ready to pull off anytime.
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And here we see again how a stupid majority makes a stupid decision which will affect everyone, even those who didn't vote for it. Democracy...
I Am Not Rich ! Do I Have a Place in Trading?
in Beginners Forum
Posted
Is it because of a small overall win-rate, or because of some specifics of trading with small accounts?