I Believe I'm in the Right Place

[bigchido 10]

Hey guys, I'm a rookie trader and I need all the advice and guidance I can get. Thanks

[steve46 12]

If you are capable of critical thought and you take the time to obtain a good general education as regards the markets, there is information in the threads that could help you...I would suggest you take the time to read, and stay away from the forum and posting for a while...Just one man's opinion.

 

If you have time, I would also use the Internet to hit the exchanges (NYSE, CME, CBOE....etc) each of them has an educational section that can be helpful to you..

 

Stay away from vendor offers and other service providers until you have some background on which to judge...

 

Develop a reading list and hit your library (or Amazon)....it can be done provided you take time and stay away from live trading until you have a solid sense of what you want to accomplish.

 

Good Luck

Steve

[bobcollett 10]

Hey guys, I'm a rookie trader and I need all the advice and guidance I can get. Thanks

 

Hi bigchido

How did you learn to drive a car?

Did you read CAR magazine or did you watch over somebodies shoulder.?

Or did you read a 100 books on the different ways of driving?

Or did you go to the Car driving forum?

OR DID SOMEBODY GIVE YOU SOME GUIDANCE?

Find yourself a mentor.

Kind regards

bobc

[MightyMouse 12]

Hi bigchido

How did you learn to drive a car?

Did you read CAR magazine or did you watch over somebodies shoulder.?

Or did you read a 100 books on the different ways of driving?

Or did you go to the Car driving forum?

OR DID SOMEBODY GIVE YOU SOME GUIDANCE?

Find yourself a mentor.

Kind regards

bobc

 

That is a very bad comparison.

 

A task like driving can be broken down into many different steps and you can then measure progress in each step. That is why virtually every teen can learn to drive eventually.

 

In trading most do not have the luxury of being able to break it down into a set of measurable steps with which we can measure progress That is why virtually no one learns to trade.

 

The fact is that one truly does not understand the amount of risk we took on when we learned to drive. Rates for teen drivers are significantly higher than for adult drivers for a reason.

[ratmpower 10]

As I always say, trading is as much of an art as it is a science. The more practice you get, the better you become at trading. Once you are confident that you can profit, jump in to a real market.

[henryduncan12 10]

As I always say, trading is as much of an art as it is a science. The more practice you get, the better you become at trading. Once you are confident that you can profit, jump in to a real market.

 

Hi ratmpower, I am agree with you. More and more practice makes us an experienced trader and it reduces chance of losing money in forex trading.