Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Which products do you/do you intend to trade mainly?  

314 members have voted

  1. 1. Which products do you/do you intend to trade mainly?

    • Agriculture
      46
    • Energy
      95
    • Equities
      197
    • Equity Index
      138
    • FX
      234
    • Interest Rate
      39
    • Metals
      100
    • Other
      79


Recommended Posts

Hi,

I am happy that i made it through a little bit difficult registration process and eager to meet others of like interest. I am new to trading ,new to forex trading and definitely a novice to what i have choosen to be my niche...Binary Options trading.

I will appreciate all the help i can get on trading strategy and all other processes i can use to avoid the mistakes that are likely to be fatal to my lean purse.

 

Recomendations to useful tutorials on identifying trends and interpretations of trends would be greatly appreciated.

Share this post


Link to post
Share on other sites
Hi,

I am happy that i made it through a little bit difficult registration process and eager to meet others of like interest.

 

Welcome to TL! Binaries aren't too widely discussed here for some reason, but you'll hopefully gain ideas you can apply from other areas. Will look forward to seeing you around the forum.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites

Hello- I am a beginning trader, learning the ropes slowly and am glad to find a resource like this place.

I won't have much to contribute except for questions for awhile, but hopefully will be able to at least share some experiences as I go.

 

Thanks and good business to all :-) pb2013

Share this post


Link to post
Share on other sites

Good Morning everyone. My name is Charlie McKelvey and I am an investment advisor with Financial Sources, Inc. which is located in Bethlehem, PA. We manage approx 60 million for 300 clients. Most of our clients are retired so our primary investment objectives are preservation of capital and income. We do have some younger clients that have stock portfolios which we also actively manage. I have been in the business for 20 years now and love it! I am also a Christian and very active with my church. My firm also specializes in charitable giving strategies and we regularly do seminars for local churches and charities to assist in fundraising. Though this activity does not result in many clients for the firm, it has been successful in fundraising for the churches and charities which gives me great satisfaction to give back. Thank you for accepting me into the community here and I am looking forward to being an active member.

Share this post


Link to post
Share on other sites

So I stumbled upon with forum with the hopes of learning a thing or two. I've got about 3 months experience and i'm sort of proud to say i'm breaking even so far... Would like to learn how profit though....

Share this post


Link to post
Share on other sites

I am Hiway1 or Hiway..The name comes from my hiway1 telecaster..for those that know what a tele is...I have been trading a while, but still just a breakeven trader with a full time job..Trying to get over that hill to be a good consistant trader..I am in Dallas, Tx if anyone is nearby...I am learning to trade the e-mini's..Have a decent options knowledge...

 

Cheers..

Larry

Share this post


Link to post
Share on other sites

Well it seems I have you all beat -- because I have absolutely zero experience. I go under Greenhorn because that's a fact. But I hope to leave that name behind as fast as possible. I know I have to be one in nearly a hundred if I want to make a living at this and I have a year to pull it off. Will try to ask only questions I've already researched. Thanks in advance for all your help. I have decided to do simulated trading with TOS because the account required is only 2K to get all the software with no fee while I'm learning -- and Ameritrade allows paper trading in all markets, too. If anyone has thoughts about trading platforms worth passing on, or educational strategies for newbies other than just to brain-vacuum all trading knowledge I can lay my eyes on, I'm happy to take advice. Let the grind begin.

Share this post


Link to post
Share on other sites
Well it seems I have you all beat -- because I have absolutely zero experience. I go under Greenhorn because that's a fact. But I hope to leave that name behind as fast as possible. I know I have to be one in nearly a hundred if I want to make a living at this and I have a year to pull it off. Will try to ask only questions I've already researched. Thanks in advance for all your help. I have decided to do simulated trading with TOS because the account required is only 2K to get all the software with no fee while I'm learning -- and Ameritrade allows paper trading in all markets, too. If anyone has thoughts about trading platforms worth passing on, or educational strategies for newbies other than just to brain-vacuum all trading knowledge I can lay my eyes on, I'm happy to take advice. Let the grind begin.

 

 

Hi Greenhorn! Welcome to Traderslaboratory.

 

First off there is no time limit on learning.

And, I would keep the name Greenhorn. In the future when you are a wildly successful trader, and you head is big and you are full of yourself you will look at the name and remind yourself where you started.

Share this post


Link to post
Share on other sites
I am Hiway1 or Hiway..The name comes from my hiway1 telecaster..for those that know what a tele is...I have been trading a while, but still just a breakeven trader with a full time job..Trying to get over that hill to be a good consistant trader..I am in Dallas, Tx if anyone is nearby...I am learning to trade the e-mini's..Have a decent options knowledge...

 

Cheers..

Larry

 

Welcome to TL, Larry.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites
Hi All,

 

I wanna be a trader. Please advice on how to familiarise myself with the language, charts, and basic steps on how to begin trading?

 

Hi Sirduba Welcome to Traderslaboratory !

 

Read as many threads as you can on this Forum.Not the BS threads, the ones with the meat.

 

Another good site is Forex Trading Online: Foreign Exchange (FX) Trading | Currency Trading .... even if you do'nt plan on just trading forex. It really breaks things down and assumes you know nothing.

 

Obtain several DEMO accts that have the vehicle you wish to trade.

Learn their funtionality inside and out. Market orders, entry orders, stops take profit, OCO, etc.

 

And don't be afraid to ask questions.

Share this post


Link to post
Share on other sites

Read A LOT, but be very carefull, whatever literature that sounds like a sales pitch probably is, learn about how the markets work, if necesary read regulation, trade regulated auction markets, not dealer based ones.

 

Now the most important WRITE A TRADING PLAN if you do not, you WILL lose most or all of the money.

 

To do that, you need to define an analytic approach, fundamental or technical or both, study the markets, identify repetitive patterns, formulate hypothesis, prove them making experiments (backtesting), prove them again trading them in replay ( forward testing) if after all that work you are still around and find something profitable. Open a DEMO ACCOUNT and trade it for a while, double it or triple it without losing too much trying. Then you can open a small account and trade it, keep a journal and a log, study your results and try to fix your problems.

 

If you can double your small account, i guess you can start adding money, KNOWING THAT AT ANY TIME the market can take EVERYTHING and leave you homeless, so bettter be careful.

 

If I am forgeting something, I guess a senior member could add more words.

 

My 2 cents.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Ninjatrader_Staff
      Trade Nano Bitcoin Futures & Get $100



      New Nano Bitcoin Futures allow traders to easily go long or short Bitcoin with commission-free trading, $25 margins & $0 market data fees. For a limited time, you can earn a $100 cash bonus* when you trade this contract from Coinbase Derivatives. Simply trade 100+ Nano Bitcoin contracts prior to August 31st, 2022 & $100 cash will be credited to your account. It’s that easy.
      OPEN ACCOUNT
      4 Reasons to Trade Nano Bitcoin Futures Contracts

      Significantly less capital required to trade
      Trade commission-free with just $25 day trading margins & $0 market data fees Go long or short Bitcoin
      Easily trade both directions by simply buying or selling contracts based on your market view
      Protect your assets in a regulated environment
      Trade a regulated product in a marketplace regulated by the CFTC to ensure your peace of mind

      Gain exposure to crypto without owning crypto
      Capitalize on market volatility while maintaining the benefits of futures including increased leverage, tax efficiencies, segregated funds & more.


      If you have any questions on how to start trading this exciting new Nano product from Coinbase Derivatives, please contact us at brokeragesales@ninjatrader.com.
      _______________________________________________________________
      *Program Requirements:

      Available for both new and funded individual NinjaTrader accounts. Trade 100 or more Nano Bitcoin contracts (50 round turns) prior to August 31st, 2022 to earn a $100 cash rebate. The cash bonus will be distributed as a $100 credit to each qualifying individual account in September 2022 Credits may be subject to US withholding taxes & any associated taxes are the customer’s responsibility. IRA and professional accounts are not eligible for this offer. Program requirements subject to change.

      RISK DISCLOSURE: Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Ninjatrader_Staff
      Nano Bitcoin futures are crypto futures priced right for all traders with $25 day trading margins, no market data fees and commission-free trading!
      Sized at just 1/100th of a Bitcoin, Nano Bitcoin futures from Coinbase Derivatives allow traders to navigate volatile markets with a contract size that fits any portfolio. Open your NinjaTrader account today & easily go long or short to hedge against Bitcoin price moves in a regulated marketplace.
      OPEN ACCOUNT
      4 Reasons to Trade Nano Bitcoin Futures Contracts
      Significantly less capital required to trade Trade commission-free with just $25 day trading margins & $0 market data fees Go long or short Bitcoin Easily trade both directions by simply buying or selling contracts based on your market view Protect your assets in a regulated environment Trade a regulated product in a marketplace regulated by the CFTC to ensure your peace of mind Gain exposure to crypto without owning crypto Capitalize on market volatility while maintaining the benefits of futures including increased leverage, tax efficiencies, segregated funds & more.
      If you have any questions on how to start trading this exciting new Nano product from Coinbase Derivatives, please contact us at brokeragesales@ninjatrader.com.
      Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Ninjatrader_Staff
      Save on a Lifetime License!
      Open a new NinjaTrader Brokerage account by June 30th and save $100 on a new Lifetime license at a discounted price of only $999.
      OPEN ACCOUNT
      Along with access to the most powerful version of NinjaTrader, you will save even more with deep discount commissions at $.09 per Micro futures contract & only $50 margins.
      Your Lifetime license includes ALL of NinjaTrader’s premium features:
      Award-winning order entry options including Chart Trader & OCO orders
      Order Flow + tool set featuring the Volume Profile Indicator – NinjaTrader’s most powerful indicator to date
      ATM Strategies, advanced Alerting system, auto-close positions for additional risk management and more
      PLUS all future NinjaTrader platform enhancements are included at no additional charge – for life!
      Simply fund your account to lock in your savings. Once you have funded your new account, you will receive a discounted purchase link by email.
       
      Questions?
      Contact us at 312.262.1289 or brokeragesales@ninjatrader.com.
      *Platform License Discount Requirements:
      Account must be opened & funded in June 2022
      Discount is applicable to software purchase only
      2nd accounts for current NinjaTrader Brokerage account owners not eligible for platform discounts
      Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Stocks4life
      $CDLX Cardlytics stock good buying at 29.29 support area https://stockconsultant.com/?CDLX

  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.