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By millonmethod
Hello everyone!
I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
I am going to give you some tips that you must know:
There are going to be many people who tell you that trade is easy, that with only crossiing a line with another one you will win a lot of money.... and that´s not true. No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS. If you have the knowledge to develop it, take your time and do it. Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!! Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!! IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
Have a nice trading day
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By RedJoker81
Hello, I wish to get into trading(maybe day trading). But my question is what should I focus on learning, stocks(btw I know about the $25000 limit but I don't know if I am going trade that many times a week) or Forex, atm I plan to start with 500-1000$. My background would be that I have taken an economics class in which one part was stocking as we had to play a stock market game for around 3 months. Also if you are wondering I don't plan to start real trading for at least a few months(I Plan to practice with demo accounts first and find a profitable strategy first). Thanks for the help!
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I'm still a dove regarding crypto trading. Not because of the instruments traded, but because of the lack of market centralization. It reminds me of the early days of forex trading where no broker-dealers offered trade clearing via the interbank market. This is basically betting against "the house" which is its own captive market-maker, has its own one-off price feed, and has its own one-off trade execution policies. As a side note, I always opt out of broker-dealers' arbitration clauses within 30 days of account opening pursuant to the U.S. Federal Arbitration Act. Unscrupulous broker-dealers and platform sellers don't even provide opt-out terms in their trading/subscription agreements, but it still exists pursuant to federal statutes and federal court precedent. Sierra Chart also collects unspent platform subscription deposits from traders in their website's online "wallet." This subjects them not only to FINRA liability but CFPB liability as well. I figuratively atom bombed Sierra Chart with this info and they refunded all platform fees and data fees that I ever paid to them before I closed my Sierra Chart account. On a more general note, virtually all broker-dealers are either partnered with, or straight up are, Wall Street investment banks and hedge funds. These are the folks that refer to retail traders as "cannon fodder" and "fish food." To me, any broker-dealer is nothing more than a counterparty to a series of my transactions. If I find any reason not to trust a broker-dealer, I'm out. Crypto trading, as it presently exists, fits the bill. Crypto owning/investment might be a different story, but I'm strictly a trader. -
Consider this... While a human trader has emotions, a bot does not. All a human trader needs to do to code a statistically profitable strategy on a good emotional day. And it can be coded for any timeframe, intraday or overnights.
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Well said. Broker-dealers that aren't connected to centralized exchanges or the prime interbank exchanges are, in fact, casinos--where nothing extends beyond "the house."
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My latest trick... After successfully live trading forex for years, switch to trading futures in the U.S. Chicago Mercantile Exchanges. Futures spreads are generally 1 or 2 ticks with no swaps, and data fees and commission fees are fixed. As a caveat, leverage changes throughout every day based on international sessions, so this is not for small accounts.
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@analyst75, I am just dying for you to write a sequel... Why Some Young People Prefer to Live Alone.😂
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