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

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

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I read a lot of books and I understand that all that is there described has already passed. Market is changing very quickly.I expect to receive the information from the practitioners, not writers. I'll share what I know.

Sorry for my English. It is not my native language))

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I don't have a large background, I have been trading for a year now and blew my account already once. I am focused on price and volatility and love Bollinger bands. I trade mostly futures (bonds, Crude Oil and Gold).

I have been reading a couple of books on the matter, such as Smart Streets and another one by Anna Coulling. But so far I have not grown too much faith on volume analysis.

I got disappointed by too many fake outs. Even the price theories stated in Smart Streets did not blow my mind anyways.

I trade only a couple of hours a day and love Sierra Chart.

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Hey everyone i am completely new to the trading world and i am doing it mainly as a hobby because i was always interested in the stock market and i always wanted to understand it. I dont know where to start and what are the best websites to start trading and learning. I have a lot of questions about the stock market and hopefully you guys or girls can answer them for me because that would help me a lot... and therefore my questions are....

 

What is the best website to start trading ?

What is the best website or place to learn trading ?

What is the best method of trading ? Penny stocks , day trading ?

What is the process of trading ? do i use a broker or do i do it myself ? And what website provide these services?

Where do i learn to read charts ?

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I just have to answer here. Seriously, get a little grip on reality. Trading is great, but a LITTLE more thinking is required.

 

> What is the best website to start trading ?

 

THE BEST? Google.com. There are a lot of ressources, but none is THE BEST.

 

> What is the best website or place to learn trading ?

 

Place? Your home, in your chair. Website? Google.com. SOME groundwork is needed from you, for example....

 

> What is the best method of trading ? Penny stocks , day trading ?

 

Question, what is better - steak or pasta? A LOT depeneds on your style and priorities. For example, I trade no stocks - futures and forex only.

 

> What is the process of trading ? do i use a broker or do i do it myself ?

 

Question - how do you do it yourself? Standing in front of your house and trying to buy and sell stocks from people passing by? Because YOU can not go to an exchange without buying an exchange seat. Handling the orders is what a broker does. So, what is the question here?

 

> And what website provide these services?

 

None. See, websites offer no services. This is like saying "i want to eat pizza, which flyer offers these services": A website is made by a company to advertise and facilitate it's business - and the COMPANY provides the services. Which one? Depends what you want to start trading. There are literally hundreds or thousands of brokers in different countries.

 

> Where do i learn to read charts ?

 

We are back to your chair in front of your desk. Tons of approaches, tons of material on google. Find an approach and then - well, books, but mostly sitting and trying to work things out.

 

Given your - hm - level if common sense demonstrated (by basically asking questions to generic that "google" is the only answer), I would suggest you open a tiny account with a decent reputable forex broker and walk through their introduction material. Oanda is good as you can trade super small sizes.

 

This place here is too. And they have a policy about not advertising other websites, you know. Likely you never read the material you signed when signing up here?

 

Now, let me be straight. Welcome here. And trading is great. But do not expect riches fast - it is a long road and it requires hard work from your side. Finding out what sources are good is part of the education.

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Hi Everybody,

 

Long time, been traveling from Bogota DC (Colombia) to Lima (Peru) 4500km of amazing time with myself and my Motorcycle getting to know new places and new friends on the way,

view?usp=sharing

I am back now with new forces to new times in the market a very noisy one, I was very happy to know I am on the road while the big market noise move went on, I am a trend follower and this was real high tide for Volatility surfers (once again I live next to the beach so Surfing analogs are here),

 

Today I would like to talk with you about Holy Grail, The Holy grail, many people think you can find a system where you will never lose or lose very little, well my idea is to find a system that won’t give you any Emotional pain, a system where you are out of the emotional risks and you are fully prepared to face them,

 

Let say you know that if you are shake out of the trade, you placed a hard stop got stopped and the stock move back exactly as you thought, what will you do? What your trading plan guid you to do? If you have nothing and you know you are good with this action no problem, but what if this is the trigger for 5 revenge trades that worth nothing but bigger loss?

 

You must learn from your past, when did you lost control? What happen? What where the cues? After you have them build an emotional system that will live you out of this pitfalls, here you can reach a holy grail because this time it is all up to you,

 

Hope you trading the way you choose and not dragging into trades for action,

 

Wish you all the best,

 

Make the odds in your favor

 

Eldad Nahmany

 

ToBeComeADayTrader

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Hello. Newbie here. I have next to no knowledge in trading, but am very interested in learning. My apologies for my lack of vocabulary,,

 

An old associate of mine a few years back was successful with some type of daily trading, however, I don't know exactly what he was doing or what it is called. I'm hoping someone can enlighten me on what he was doing based on the very limited info provided.

 

He was always talking about what he was doing but is now a distant memory and I only recall minor details.... I remember him saying something about only being able to put up a maximum amount of $5k daily. The account was not available to felons. And, he would "get in" early in the morning when the market would open, do his thing and get out within minutes and he was done for the day. Also made mention of being able to see everything live with everything updating every second.

 

I realize this isn't much information. If anyone can help, that would be great!

 

Thank you

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adouble,

 

If he is still alive, why don’t you ask him?

 

Without more info, all we could do is guess.

Re: “I remember him saying something about only being able to put up a maximum amount of $5k daily.”

If he was trading futures, most likely this was the maximum amount he allowed himself to lose per day. (this is not as likely, but if he was trading options, this may have been the maximum premium he allowed himself to buy (or sell) per day.)

 

Re: “The account was not available to felons.”

No help. We’re all felons now.

... Actually that is / was a ‘requirement’ / chkbox for futures (and options) accounts.

 

Re: “And, he would "get in" early in the morning when the market would open, do his thing and get out within minutes and he was done for the day. “

... sounds like this was some years ago... pre ‘machine driven’ days...

Basically, he scalped the open. In the first ~ 20 - 40 minutes - depending on the instrument - markets create an ‘opening range’ and most days they establish/ed this o range very quickly. This morning in indexes the o range was established in the first 6 min. after the open...

Some people have a knack for it. For some that knack is cyclical. For weeks or months, they get attuned and can ‘channel’ what the opening and the following few minutes will do... then the ‘gift’ fades away...ie they accumulate stress past what they can easily recover from and lose their resilience... and most of the time when that happens they give up and fade away too... instead of periodically testing for their own cyclicity coming back around. With practice you can get better at it.

There are 'technical' methods to catch these O breakouts / thrusts. (and there techs to catch the breakouts of the opening range after it has established...but that's a different topic...)

Either way...You need + 60% hit rate minimum to make it work. You need to be brutally quick to accept being wrong / losses ...

 

Re “Also made mention of being able to see everything live with everything updating every second.”

He had a live feed or live charts. Duh ;)

 

Hth

 

zdo

 

 

 

PS I never read a post on brain fog that was clear.

Edited by zdo

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Hello. Newbie here. I have next to no knowledge in trading, but am very interested in learning. My apologies for my lack of vocabulary,,

 

An old associate of mine a few years back was successful with some type of daily trading, however, I don't know exactly what he was doing or what it is called. I'm hoping someone can enlighten me on what he was doing based on the very limited info provided.

 

He was always talking about what he was doing but is now a distant memory and I only recall minor details.... I remember him saying something about only being able to put up a maximum amount of $5k daily. The account was not available to felons. And, he would "get in" early in the morning when the market would open, do his thing and get out within minutes and he was done for the day. Also made mention of being able to see everything live with everything updating every second.

 

I realize this isn't much information. If anyone can help, that would be great!

 

Thank you

 

Your friend was either telling the truth or lying.

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It has been a couple of years since I set up a new account. If I recall, there was a question concerning if you had ever defaulted on a trading account. Other than that, and as long as your money is good, I don't think they care... maybe, I'm wrong though. I think everyone is welcome once you've done your time...

 

After a good day, you may feel like you have committed a felony. After a bad day...?

 

"Some days you eat the bear; some days the bear eats you"...

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hey everyone, i am from trinidad and tobago, and i am not a U.S resident, so many online trading websites do not let me use their websites because i am not a U.S citizen.

 

Any suggestions of websites that are international? But if there is an international website, that also lets you trade without a broker that would make things easier as well, but i will take whatever suggestions that you guys throw at me, because i am still learning and trying to find a trading platform....

 

But i am not a U.S citizen so it is hard......

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Quantative Developer & Trader

Currencies & Commodities

 

Started out as a kid with Stocks

Later Spreads and Binaries

Futures & FX

 

i used to work in the City of London - i have developed systems from spreadsheet stock trading systems for institutions like GMS in the 1990s, some of the first online stock trading systems for Chase and various - to whole back office systems for Interbank FX for CLS - State street Corp etc..

 

 

Anyway i quit the regulated mind blowing rules and went out on my own in 2006 – As a trader and also developer – now I can be free to create and experiment and not care about things like SOX.

 

I run an online small company MicroTrends which offers solutions and products for retail and Commercial traders for NinjaTrader -also i work with hedge funds and private managed futures funds working in Fix API c# environments

 

I have some free developers/ traders tools for creating and powering strategies in NinjaTrader and if allowed i might post some details as i would like other developers to use them and feedback etc. These are unmanaged strategy libraries which allow a developer to simply enter the logic for Trade Setup, Filter & Exits - so with just a few lines of code - even a beginner developer can leverage off the shelf signal execution, filters, order management and automatic trade management and guide any strategy in real-time via a user interface - i have created a SDK and API with open source so it’s easy to see how to use it - some vendor/educators sell less able products for many 1000s - 5K, some are powered by MTDS - others that are not compared to this system has a tonne of features and options they can simply not write or provide - and its free for sim and development... It’s called the MTDS - i'm not quite sure if i can post details here yet - links or things etc.

 

This seems like a place perhaps where some trader/developers might like that idea.

 

What i will be doing is migrating this also to NT8 it will be great to get some people to use and try it and get involved – and for them to use it and based on feedback it can evolve

 

thank you

 

Tom

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Hey everyone,

 

My name is Erik, and I have joined this website to keep learning about the forex market and to stay up-to-date with it. It is great knowing that learning about this market is a never ending mission. I believe these forums are great to see what traders are asking and what they have in store for us all.

 

Cheers,

 

Erik

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Hi,

New member of the TL Team as well. Started out just over 6 years ago and trade

Forex exclusively. In the beginning I made all the noob mistakes you read about, and

have several blown accounts to prove it. I then had the very good fortune of having an experienced trader take me under his wing and get me moving down the right path.

For the most part, I am a counter trend trader. I trade off the 1 minute thru 4 hour charts.

My favorite pairs are the GBP crosses.

 

In addition to trading, I love Sailing, Scuba, and Motorcycles.

 

I am new to Traders Lab as well. Been day trading for almost 2 yrs. Nice to know I'm not the only one who has blown my acct. ... more than once. Have found that getting to know my instrument helps a ton so I've stuck to CL for months now. I incorporate a system that follows "support and resistance" with a heavy "trend follow" design.

My mentor has helped me set up a "plan" that is working very well now. Like they say in "golf", I have to "groove my swing".

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Hello,

I want to introduce myself to the community. I am recently released from prison a place where I was for fourteen years. During my stay there I learned about trading. I fell in love with trading and the markets, I am more geared toward technical analysis. I read over a hundred books on trading and have taken some courses. I studied, charted and back tested by hand many different things. I allowed myself personal study time of 4-6 hours a day seven days a week. I charted everything by hand for about a decade of my prison stay. I have a nice paper trading record. However we all know that paper trading is not the same as real trading.

 

I got my cherry popped in the real trading arena this past week. I was not prepared for the fast paced momentum of the price quotes on the lower time frames, but it was nice. I am with Global futures / Gain capital and plan on making this work for my profession. I won't take failure as an option. I would like to know if anyone can help point me in the right direction on a couple of things as I am new to everything. I was in a cage for 14 years, you can only imagine how blown away I am with all the new technology.

 

First of all I would like to know if anyone knows of any way I can keep trade logs with digital charts and voice recorder. What can I get for this and where can I get it. I have no problem cutting and pasting. I just don't want to keep a written trading journal anymore, I am looking to upgrade.

 

Second I would like to know of a good alert system on my Android phone to let me know if certain prices are hit.

 

I know these are simple things but just want to know if someone can help point me in the right direction. I am open to any other advice offered in the real of trading. You can reach me via email at

 

markettalk411@yahoo.com

 

I look forward to being a part of this trading community.

 

Thank you.

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Well hey man... welcome back.

 

I'm a little surprised that they don't insist on more marketable skills training in prison. "Gawd damn tax money going for this nonsense" (but, I suppose that you needed to have something to do). Then again, we are all criminals in some regard, so you should fit right in.

 

You do understand that most folks fail at this business... kinda like crime.

 

With all due respect... I'll be picking your pockets sometime soon...

 

Best of good fortune to you.

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... What can I get for this and where can I get it. ... I just don't want to keep a written trading journal anymore, I am looking to upgrade.

 

 

I have gotten good results with a small Sony digital voice recorder and Dragon… been using the same recorder for 8+ years now … only replaced batteries once... useful for other things too.

 

hth

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New here as well. Not quite as interesting story to tell, but just one question for you if it's not too personal. How did you come up with the money to trade if you've been out for 14 years?

 

As for your phone alert system. If you sign up for a paper trading account from TDAmeritrade, you'll get access to their ThinkOrSwim charting system, which is pretty highly regarded. You can set all kinds of technical alerts in ToS. You can then install their mobile app on your Android phone and will receiver alerts through it as well.

 

https://play.google.com/store/apps/details?id=com.devexperts.tdmobile.platform.android.thinkorswim

 

Best of luck.

-W

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I am an experienced trader, trading futures, mainly Nifty Futures, Indian Markets. I trade using Price Action.

 

Wishing to learn a lot here, and share, too.

 

Thanks,

 

Ash V

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Michalis Efthymiou Market Analyst HMarkets 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 perfrmance 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. 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    • Date: 18th April 2024. Market News – Stock markets benefit from Dollar correction. Economic Indicators & Central Banks:   Technical buying, bargain hunting, and risk aversion helped Treasuries rally and unwind recent losses. Yields dropped from the recent 2024 highs. Asian stock markets strengthened, as the US Dollar corrected in the wake of comments from Japan’s currency chief Masato Kanda, who said G7 countries continue to stress that excessive swings and disorderly moves in the foreign exchange market were harmful for economies. US Stockpiles expanded to 10-month high. The data overshadowed the impact of geopolitical tensions in the Middle East as traders await Israel’s response to Iran’s unprecedented recent attack. President Joe Biden called for higher tariffs on imports of Chinese steel and aluminum.   Financial Markets Performance:   The USDIndex stumbled, falling to 105.66 at the end of the day from the intraday high of 106.48. It lost ground against most of its G10 peers. There wasn’t much on the calendar to provide new direction. USDJPY lows retesting the 154 bottom! NOT an intervention yet. BoJ/MoF USDJPY intervention happens when there is more than 100+ pip move in seconds, not 50 pips. USOIL slumped by 3% near $82, as US crude inventories rose by 2.7 million barrels last week, hitting the highest level since last June, while gauges of fuel demand declined. Gold strengthened as the dollar weakened and bullion is trading at $2378.44 per ounce. Market Trends:   Wall Street closed in the red after opening with small corrective gains. The NASDAQ underperformed, slumping -1.15%, with the S&P500 -0.58% lower, while the Dow lost -0.12. The Nikkei closed 0.2% higher, the Hang Seng gained more than 1. European and US futures are finding buyers. A gauge of global chip stocks and AI bellwether Nvidia Corp. have both fallen into a technical correction. The TMSC reported its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker. The main chipmaker to Apple Inc. and Nvidia Corp. recorded a 9% rise in net income, beating estimates. 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. Andria Pichidi 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.
    • Date: 17th April 2024. Market News – Appetite for risk-taking remains weak. Economic Indicators & Central Banks:   Stocks, Treasury yields and US Dollar stay firmed. Fed Chair Powell added to the recent sell off. His slightly more hawkish tone further priced out chances for any imminent action and the timing of a cut was pushed out further. He suggested if higher inflation does persist, the Fed will hold rates steady “for as long as needed.” Implied Fed Fund: There remains no real chance for a move on May 1 and at their intraday highs the June implied funds rate future showed only 5 bps, while July reflected only 10 bps. And a full 25 bps was not priced in until November, with 38 bps in cuts seen for 2024. US & EU Economies Diverging: Lagarde says ECB is moving toward rate cuts – if there are no major shocks. UK March CPI inflation falls less than expected. Output price inflation has started to nudge higher, despite another decline in input prices. Together with yesterday’s higher than expected wage numbers, the data will add to the arguments of the hawks at the BoE, which remain very reluctant to contemplate rate cuts. Canada CPI rose 0.6% in March, double the 0.3% February increase BUT core eased. The doors are still open for a possible cut at the next BoC meeting on June 5. IMF revised up its global growth forecast for 2024 with inflation easing, in its new World Economic Outlook. This is consistent with a global soft landing, according to the report. Financial Markets Performance:   USDJPY also inched up to 154.67 on expectations the BoJ will remain accommodative and as the market challenges a perceived 155 red line for MoF intervention. USOIL prices slipped -0.15% to $84.20 per barrel. Gold rose 0.24% to $2389.11 per ounce, a new record closing high as geopolitical risks overshadowed the impacts of rising rates and the stronger dollar. Market Trends:   Wall Street waffled either side of unchanged on the day amid dimming rate cut potential, rising yields, and earnings. The major indexes closed mixed with the Dow up 0.17%, while the S&P500 and NASDAQ lost -0.21% and -0.12%, respectively. Asian stock markets mostly corrected again, with Japanese bourses underperforming and the Nikkei down -1.3%. Mainland China bourses were a notable exception and the CSI 300 rallied 1.4%, but the MSCI Asia Pacific index came close to erasing the gains for this year. 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. Andria Pichidi 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.vvvvvvv
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