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Davisjjr

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Everything posted by Davisjjr

  1. Davisjjr
    hi Arthur, I am just a newbie too, I'm currently studying how the trading system works and I've just read a topic about hedging and speculating, here's how I understand those terms: A hedger is a kind of trader that tries to guard against price changes. Hedging is a method on which they trade to have some sort of insurance when the market's on a turmoil. For example, a clothing company may hedge against the risks in an increase in the price of cotton and fabric so they will buy futures contracts on those materials. So if the price of those materials go up the profit will help the company maintain the funding for the increased price of its raw materials. speculating is a way to gain profit from the price changes in the market. The major difference between hedging and speculating is that in hedging the primary goal is not to profit but to insure a company from price changes, in speculating the goal is to profit from price changes. Hope this helps.
  2. Davisjjr
    Hello everyone! do you have some tips for us newbies, on how to choose a market for day trading. Please post it here. Thank you!
  3. Davisjjr
    Hello everyone! A lot of people says that traders are like gamblers. Please post here anything that comes into your mind about this statement. And you can site here the difference between a gambler and a real trader. :boxing:
  4. Davisjjr
    Hello! I'm new here too! I've asked some pros here, and here's some of their recommendations for newbies like us: hope this helps
  5. Davisjjr
    Thank you so much TimRacette! I am currently downloading Reading Reminiscences of a Stock Operator, and day trading for dummies on the side. I am really a newbie, and I dont know anything about stocks, etc. You'll be one of my inspiration in starting this. Thanks a lot!
  6. Davisjjr
    Hello Everyone! I am a total newbie, I do not know much about trading and I found this site to learn. I am planning to become a trader, but I want to be sure first what I'm stepping into before diving into it. :missy: Can you guys recommend me some links,books/ebooks,tutorials for a beginner like me.: Thank you!
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