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?  

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


Recommended Posts

Hey, I know how you feel, I've been in your position about 6 months ago. Whats really important is self-confidence and strive to earn money.

Try to focus full time, watch these youtube videos and join forums which will help!!!, You will come across mistakes, bad investments and other problems in your way, everyone does.

What I found helpful when I started out was just buying small amounts and then re-investing the money right away that I made.

When I made the same amount of money I invested at the beginning and then continued with the money that I already made on the platform.

Another thing that helped me to start out was this Programm (TradeMiner). My friend recommended it to me. I didn't really believe him at first because the website and the program look dated like it's out of the 2008's. But then he showed me how the system works and I Decided to try it out for myself, I bought the package and I haven't regretted it. The thing chose the time and right investments that I should invest in. It worked both for Stocks and Forex, There were minimal failures and 85% of the time I made money. In the first week if using the app I increased my profit by 200% and by the end of the month I was making more than 5k $. Hope you all are on a way to becoming future millionaires and have a good time trading.

George T.

 

 

Share this post


Link to post
Share on other sites

Hi guys 

My name is Varghese and I'm. New to trading. I'm currently attending a course on FX trading and am keen to participate and learn from the collective experience on this forum. 

I have limited investing experience in equity and crypto but want to develop my skills in trading to a point that I could actually be considered a  Professional. 

 

Edited by Boney Varghese
Small. Changes

Share this post


Link to post
Share on other sites

Hey guys! I've been reading a lot of books from the library since February regarding investing. Watched a few YouTube videos but I think I prefer books. Decided not too long ago to try day trading so I will start reading up on that in particular. I have yet to trade a single stock. I still don't know how. However, I'm going to try those simulator things online for maybe a few months before spending real money. Also thinking of joining a day trader meet up club so I can meet more people to discuss this with. :)

I'm 29 years old right now. Wish I started when I was younger but better late than never!

Edited by AlliSinz

Share this post


Link to post
Share on other sites

I recommend you take your time. Even with a PhD in stats it'll take you a long while to figure out how to make money trading. There are many people who will happily charge you for the pleasure of listening to them. They sound convincing but until you know how to assess accurately what they say don't believe them.

 

-- DM

Share this post


Link to post
Share on other sites
13 hours ago, AlliSinz said:

Hey guys! I've been reading a lot of books from the library since February regarding investing. Watched a few YouTube videos but I think I prefer books. Decided not too long ago to try day trading so I will start reading up on that in particular. I have yet to trade a single stock. I still don't know how. However, I'm going to try those simulator things online for maybe a few months before spending real money. Also thinking of joining a day trader meet up club so I can meet more people to discuss this with. :)

I'm 29 years old right now. Wish I started when I was younger but better late than never!

AlliSinz, Welcome.  I wish the following seemed more welcoming - but it is harsh in the interest of real.  There is a whole industry at work to put you in a trance oscillating right there in the ‘pareto’ (/ aka distribution) at the cusp of loser and surviving.   The stats are against you.  The path you’re on will likely result in moving you to even lower ‘stats’... I do not want you to be a loser. 

If you are going to Trade, why read books about Investing?  (The T and I words are NOT synonyms - especially internally in your brains.)

Re: “spending real money”  Spending?  Try Risking.  (The Spending and Risking words are NOT synonyms - especially internally in your brains.)

...

re: “Decided not too long ago to try day trading so I will start reading up on that in particular. I have yet to trade a single stock. I still don't know how... I'm 29 years old right now. Wish I started when I was younger but better late than never!”

Those sentences tell me at 29 you still may not  be “old” enough to become a trader . 

Re: “I still don't know how” ??? Bullsht !!! You do know how.  You look for a ‘stock’ * where the amount at risk is offset by a sufficient potential and you place a dam market order to buy the stock.  If it succeeds, you sell and go to the next trade.  If it gets stopped out, you sell and go on to the next trade. 

(*And, btw, if you are going to day trade, you will learn much quicker if you go directly to leveraged instruments...)

 

 

...

 

“Study long.  Study wrong”

If you want to start yourself even lower in the pareto than you already are, just keep ‘studying’... 

If you want to move yourself even further down the pareto than that, get on the fkn simulator train like all the other losers.  But, if you really want to move yourself up the pareto, open a real account and make real trades and learn about real trading and the real you.  Then you will discover what you what you really need to learn and what you need to change.  When you have DISCOVERED AND really KNOW those things, THEN read specific books, watch specific tubes, etc and TRAIN on simulator related to the methods you are best suited for.

 

...

dangermouse's post was good but I disagree on one point.  Do not "take your time".  Instead, "fail forward as fast as possible"  !

 

all the best,

zdo

Edited by zdo

Share this post


Link to post
Share on other sites
10 minutes ago, zdo said:

AlliSinz, Welcome.  I wish the following seemed more welcoming - but it is harsh in the interest of real.  There is a whole industry at work to put you in a trance oscillating right there in the ‘pareto’ (/ aka distribution) at the cusp of loser and surviving.   The stats are against you.  The path you’re on will likely result in moving you to even lower ‘stats’... I do not want you to be a loser. 

If you are going to Trade, why read books about Investing?  (The T and I words are NOT synonyms - especially internally in your brains.)

Re: “spending real money”  Spending?  Try Risking.  (The Spending and Risking words are NOT synonyms - especially internally in your brains.)

...

re: “Decided not too long ago to try day trading so I will start reading up on that in particular. I have yet to trade a single stock. I still don't know how... I'm 29 years old right now. Wish I started when I was younger but better late than never!”

Those sentences tell me at 29 you still may not  be “old” enough to become a trader . 

Re: “I still don't know how” ??? Bullsht !!! You do know how.  You look for a ‘stock’ * where the amount at risk is offset by a sufficient potential and you place a dam market order to buy the stock.  If it succeeds, you sell and go to the next trade.  If it gets stopped out, you sell and go on to the next trade. 

(*And, btw, if you are going to day trade, you will learn much quicker if you go directly to leveraged instruments...)

 

 

...

 

“Study long.  Study wrong”

If you want to start yourself even lower in the pareto than you already are, just keep ‘studying’... 

If you want to move yourself even further down the pareto than that, get on the fkn simulator train like all the other losers.  But, if you really want to move yourself up the pareto, open a real account and make real trades and learn about real trading and the real you.  Then you will discover what you what you really need to learn and what you need to change.  When you have DISCOVERED AND really KNOW those things, THEN read specific books, watch specific tubes, etc and TRAIN on simulator related to the methods you are best suited for.

 

...

dangermouse's post was good but I disagree on one point.  Do not "take your time".  Instead, "fail forward as fast as possible"  !

 

all the best,

zdo

As I said there are many who offer advice. Don't believe any of it until you've figured out how to evaluate advice - and don't believe this because I've said it but believe it because you've yourself understood it to be true. There's a good section on that in Rampaging Bulls.

Bon chance.

-- DM

Share this post


Link to post
Share on other sites
1 hour ago, dangermouseb said:

I recommend you take your time. Even with a PhD in stats it'll take you a long while to figure out how to make money trading. There are many people who will happily charge you for the pleasure of listening to them. They sound convincing but until you know how to assess accurately what they say don't believe them.

 

-- DM

I'll keep that in mind. Thanks

Share this post


Link to post
Share on other sites
36 minutes ago, zdo said:

AlliSinz, Welcome.  I wish the following seemed more welcoming - but it is harsh in the interest of real.  There is a whole industry at work to put you in a trance oscillating right there in the ‘pareto’ (/ aka distribution) at the cusp of loser and surviving.   The stats are against you.  The path you’re on will likely result in moving you to even lower ‘stats’... I do not want you to be a loser. 

If you are going to Trade, why read books about Investing?  (The T and I words are NOT synonyms - especially internally in your brains.)

Re: “spending real money”  Spending?  Try Risking.  (The Spending and Risking words are NOT synonyms - especially internally in your brains.)

...

re: “Decided not too long ago to try day trading so I will start reading up on that in particular. I have yet to trade a single stock. I still don't know how... I'm 29 years old right now. Wish I started when I was younger but better late than never!”

Those sentences tell me at 29 you still may not  be “old” enough to become a trader . 

Re: “I still don't know how” ??? Bullsht !!! You do know how.  You look for a ‘stock’ * where the amount at risk is offset by a sufficient potential and you place a dam market order to buy the stock.  If it succeeds, you sell and go to the next trade.  If it gets stopped out, you sell and go on to the next trade. 

(*And, btw, if you are going to day trade, you will learn much quicker if you go directly to leveraged instruments...)

 

 

...

 

“Study long.  Study wrong”

If you want to start yourself even lower in the pareto than you already are, just keep ‘studying’... 

If you want to move yourself even further down the pareto than that, get on the fkn simulator train like all the other losers.  But, if you really want to move yourself up the pareto, open a real account and make real trades and learn about real trading and the real you.  Then you will discover what you what you really need to learn and what you need to change.  When you have DISCOVERED AND really KNOW those things, THEN read specific books, watch specific tubes, etc and TRAIN on simulator related to the methods you are best suited for.

 

...

dangermouse's post was good but I disagree on one point.  Do not "take your time".  Instead, "fail forward as fast as possible"  !

 

all the best,

zdo

I know that investing and trading are different. I only started reading books on investing and later realized that I might be into day trading. That's why I wrote that I would start looking into day trading in particular. I only wanted to try simulator for a few months (maybe like 3) and not much more. I know that spending the money is a risk. I'm only trying to spend an amount I'm comfortable with losing monthly because I know I'm going to make mistakes. It's the mistakes and failures that I'm looking forward to so I can learn from them or try to find ways to improve. I'm basically trying to make my mistakes early. I don't think a few months of simulator is too terrible. No one is going to expect to be good at day trading from a simulator.

Share this post


Link to post
Share on other sites

“advising someone to follow their beliefs” ... “advising someone not to take advice”

Rather than reply directly to dangermouse’s post, I’ll just rant...

Re: “advising someone to follow their beliefs”

Belief is what you do when you don’t know.  Before advising someone to follow their beliefs it’s best to make certain they really see them for what they are and know how to move on through them in the brains AND in their co-locations in the body.  Otherwise, all you are doing is facilitating the development of a specialized personal insanity, helping them get better at falling back on beliefs than at falling  /  “failing” forward out of them, aiding the typical attempts to migrate their beliefs about production and service work over into the realm of performance work (not a good plan btw).  Anyone reading this is at a fork in the road, more accurately, is at a quantum - either stay in the ‘voice of trading’ world of attempting to manipulate the ‘powers’ and ‘limits’ of beliefs OR make the jump to clearing beliefs from your functioning completely.

...

 “advising someone not to take advice”

Everybody is attempting to hypnotize you.  EVERYBODY.   You cannot not ‘take advice’ (and you also can’t not give it).  The whole world, the educational system ( here specifically the ‘voice of trading’), and the markets themselves are all trying to hypnotize you.   Advice:  apply awareness - not more hypnotism aka beliefs. 

I do appreciate the intentions to warn noobs away from the ‘voice of trading’s’ traps.  However, my  whole previous post from 4/12 was basically ‘advising’ AlliSinz  and other noobs to “find your own way” - to stop looking for advice and to get direct experience.  ... This is only about the 34th time I’ve posted about  ”find your own way”.  If you like, simply copy and paste ”find your own way” (with the quotes) into the site search box above to see.

All the best ... from the worst dam TL poster ever,

zdo

Share this post


Link to post
Share on other sites
On 4/12/2018 at 11:54 AM, AlliSinz said:

... It's the mistakes and failures that I'm looking forward to so I can learn from them or try to find ways to improve. I'm basically trying to make my mistakes early. I don't think a few months of simulator is too terrible. No one is going to expect to be good at day trading from a simulator.

For most ‘voice of trading’ agents this finding is counterintuitive, however while observing over 2000 noobs since ’85, a strange stat emerged.  Those who traded real from the beginning have a higher survival rate than those who paper traded / practiced on a simulator at the beginning.  This is certainly not to claiming all those in the ‘real’ group  survived... and there were many in that ‘real’ group that actually should have practiced in sim some.  I'm also not assuming or asserting the difference btn ‘real’ and ‘sim’n behavior patterns were the determinants of success either... those who were able to go ‘real’ out the gate may have come in more ready along vision, virtues, fears, dealing with uncertainty scales, etc and etc.  Still, the stat is significant

... and btw, the best results came from the few cases that got grounded in ‘real’ from the beginning, then sequenced in focused method specific training on sim to hone their skills.  ... just something to consider... hth

Edited by zdo

Share this post


Link to post
Share on other sites

Hello everyone!

I am very new to this forum. I find this forum really interesting because of the community here is really active and they respond to the thread accordingly. I am really excited to share you guys my thoughts, knowledge, and experience in trading. Happy trading everyone! :) 

Share this post


Link to post
Share on other sites

Hello. Welcome to this forum. This forum is one of the best forum fo your sharing your ideas, questions or regarding any thing else. This forum is an excellent platform for learning about trading ang its trends. If you have any questions or any thoughts on your mind, share it with this forum.

Share this post


Link to post
Share on other sites

Im a beginner trader and just wanted to say hi. Ive bin trading with a real account for about 6 months now strictly in stocks. Practiced on a simulated account for about a year off and on and i must say the difference is like black and white, I did far better on my simulated account. Hoping for better times ahead.

 

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 freetrading
      I won $75 in the weekly CloseOption binary options trading contest.

      You can also win if you register for free using the link below.

      Every week there is a contest with a total prizes of $1,000.

      https://www.closeoption.com/referral/2121479907845

      Read CloseOption Broker Review and Find How to Receive 10$ Binary Options No Deposit Bonus
       
       
    • 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: 22nd November 2024.   BTC flirts with $100K, Stocks higher, Eurozone PMI signals recession risk.   Asia & European Sessions:   Geopolitical risks are back in the spotlight on fears of escalation in the Ukraine-Russia after Russia reportedly used a new ICBM to retaliate against Ukraine’s use of US and UK made missiles to attack inside Russia. The markets continue to assess the election results as President-elect Trump fills in his cabinet choices, with the key Treasury Secretary spot still open. The Fed’s rate path continues to be debated with a -25 bp December cut seen as 50-50. Earnings season is coming to an end after mixed reports, though AI remains a major driver. Profit taking and rebalancing into year-end are adding to gyrations too. Wall Street rallied, led by the Dow’s 1.06% broadbased pop. The S&P500 advanced 0.53% and the NASDAQ inched up 0.03%. Asian stocks rose after  Nvidia’s rally. Nikkei added 1% to 38,415.32 after the Tokyo inflation data slowed to 2.3% in October from 2.5% in the prior month, reaching its lowest level since January. The rally was also supported by chip-related stocks tracked Nvidia. Overnight-indexed swaps indicate that it’s certain the Reserve Bank of New Zealand will cut its policy rate by 50 basis points on Nov. 27, with a 22% chance of a 75 basis points reduction. European stocks futures climbed even though German Q3 GDP growth revised down to 0.1% q/q from the 0.2% q/q reported initially. Cryptocurrency market has gained approximately $1 trillion since Trump’s victory in the Nov. 5 election. Recent announcement for the SEC boosted cryptos. Chair Gary Gensler will step down on January 20, the day Trump is set to be inaugurated. Gensler has pushed for more protections for crypto investors. MicroStrategy Inc.’s plans to accelerate purchases of the token, and the debut of options on US Bitcoin ETFs also support this rally. Trump’s transition team has begun discussions on the possibility of creating a new White House position focused on digital asset policy.     Financial Markets Performance: The US Dollar recovered overnight and closed at 107.00. Bitcoin currently at 99,300,  flirting with a run toward the 100,000 level. The EURUSD drifts below 1.05, the GBPUSD dips to June’s bottom at 1.2570, while USDJPY rebounded to 154.94. The AUDNZD spiked to 2-year highs amid speculation the RBNZ will cut the official cash rate by more than 50 bps next week. Oil surged 2.12% to $70.46. Gold spiked to 2,697 after escalation alerts between Russia and Ukraine. Heightened geopolitical tensions drove investors toward safe-haven assets. Gold has surged by 30% this year. Haven demand balanced out the pressure from a strong USD following mixed US labor data. Silver rose 0.9% to 31.38, while palladium increased by 0.9% to 1,040.85 per ounce. Platinum remained unchanged. 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 of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news. Andria Pichidi 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.
    • A few trending stocks at support BAM MNKD RBBN at https://stockconsultant.com/?MNKD
    • BMBL Bumble stock watch, pull back to 7.94 support area with high trade quality at https://stockconsultant.com/?BMBL
    • LUMN Lumen Technologies stock watch, pull back to 7.43 support area with bullish indicators at https://stockconsultant.com/?LUMN
×
×
  • Create New...

Important Information

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