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

315 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
      101
    • Other
      79


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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.

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  LEO niggeria said:
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

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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

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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.

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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....

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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

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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.

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  Greenhorn said:
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.

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  Hiway1 said:
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

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  Sirduba said:
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.

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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.

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