Hi, I'm also trading on and off for plus minus 2 and a half year iin forex now, but are loosing more than winning. I'm scheptical about this whole Forex trading busines, because if you can't invest at least $ 1,000 to $ 10,000 with a broker when you open an account they are not interested in "Helping" you to become a successful trader. I'm trading on the MT4 platform and it does not help which strategy or system I'm using I'm always on the loosing side. I've now opened a Ninja trader plat form to see how I can improve my systems and strategies. and see if something good can't come out of it. I'm busy looking at all written and video material that I can get hold of on Big Mike's Trading Forum and on Ninja Trader's web site on how to create your different currency charts on Ninja Trader platform because when I create one you just see the side bars with no filling inside to work with. If somebody can help me with a link to go to to enable me to see how to create charts on the Ninja 7 Trading platform then I will be so pleased.
thanks everybody for a forum where you can read of other people that are also experiencing some of the problems that you are experiencing.
Enjoy the trading.
Hello All, glad to be here and look forward to participating.
From 1998 to 2002, I was a NASDAQ Market Maker at several prop shops, focused on high volume names, primarily scalping. After this, I worked for an Institutional Agency shop for a few years, executing orders for the buy side. After this, I worked in Venture Capital, managing small technology start ups. Now I'm focused on trading at home, I want to trade in a style that is similar to my past style, scalping. I've opened a futures account, been trading less then a month. I was quite successful and consistent when I made markets, I hope to get back to that level. I'm not sure futures markets are what I'm looking for, but I'll trade light and give it some time. I could join a equity/stock trading prop shop, I'm not sure my style works in stocks anymore, trying to take 5/10/20 cents out of a trade at a time, maybe it does, I have a standing offer from a prop shop. I'm trading the ZN, EQ and sometime, not often, the ES; I'm having trouble what to key off of, or when/why to make a trade. Look forward to chatting !
The following user says Thank You to fractions for this post:
I'm only months into trading and I'm reading every book and forum I can get my hands on. Most of my questions are geared towards the admin / technical side of the house. I'm currently trading the ES using HMA and multiple time frames. I look forward to learning more every day, any advice you senior traders are willing to provide.....I will always be grateful.
Last edited by Hiohn; October 27th, 2013 at 03:31 PM.
Reason: being illiterate
Joined a few weeks back, after having found this excellent resource through google. I am new in trading, having done a few stock trades before simply through my local bank online interface. After attending a proper stock trading course lately I am now getting used to paper trading through CMCMarkets and Thinkorswim. I focus now mainly on a value momentum style investing using moving averages and basic candlestick patterns only daily charts.
Already looking at options and shorter term trading and generally trying to understand as much as possible of the lingo and investing styles out there. Lots to learn for sure.
I am opening live accounts soon and look at using the thinkorswim platform and possibly hooking up with InteractiveBrokers for low commissions. I would appreciate any tips in this beginning phase of my trading experience and I will spend some time digesting the existing materials already posted on this great site.
If you ever find yourself in Kuala Lumpur, Malaysia, let me know!
I got involved in trading 3 years ago with an EA, after burning my account I decided to learn how to trade manually. Started with forex & MT4 and watched many charts all day, I took many online courses like MAX trading, thedaytradingacademy, OFE and some good courses wich I found here in our country.
One of the most valuable help was Adrienne Toghraie's coaching wich I took just 1 month ago.
Now trading ES intraday only with Ninjatrader, and getting better results, but I know I have to learn a lot and its a neverending process
I learnt a lot about myself wich is very good, and now logging every trade and my thoughts & feelings helps a lot to find wich areas need more attention.
Also I want to know more how other traders thinking, and seems this is a good place to exchange ideas and help each other.
my Name is Andi. I am trading for about 10 years Stocks and the Forex Market. At the moment I am thinking about to use Ninjatrader as my new trading plattform. I am backtesting a lot of strategies with Wealthlab and other Tools
I started trading in Oct 2007 right at the market top. Blew up my account in April 2009. Been clawing my way back since. Wrote a book sharing my experiences and lessons learned. Still love trading. Checking out NinjaTrader now as my platform.
I prefer the ES, probably because I'm a trading addict.
i'm from Iran & i'm trading CME futures
.due to global sanctions against iran i trade in a unusual way !
first i trade with trading account of a friend(i can not legally trade due to my nationality ).
second each 1-2 months i receive my profits in cash from passengers of airplane who travels from states to iran! account holder takes 10% of profits and give the rest to some passengers which are his friends.we can not have credit card or even wire transfer ,all is blocked.even worse due to sanctions we can not publish scientific papers in finance journals ! and even worse than all of them ! internet speed above 128kbps is forbidden here.and this bandwidth is shared between 10-12 persons.
i use 5 different modems (incuding ADSL + 3G +WIMAX and etc ) & dispatch (mix) them just to connect to a co location server and trade with a monochrome/black & white screen (the lowest quality to compensate low speed)
it took me 4-5 years to learn and build my edge .now i'm profitable consistently not only because of my method.but rather because of money management and trading psychology.
i'm really jealous to you that you all can have high speed internet,can have a trading account in your name and can have banking account & paypal and even can pay with paypal to be a ellite member.i'm really jealous that you can have access to prop trading firms capital.setting up a trading account for you may take 30 minutes.while only setting up internet connection took me a year .
i'm struggling and try to survive these rigid & stupid sanctions ! the reality that i can make money out of most traders who can not, is a clue of hope for me to continue this way with all difficulties & risks.
The following user says Thank You to Commodity for this post:
I'm a professional software developer living in Denver, Colorado. I've been watching the markets in earnest since 1999, and the days of Dot-Com craziness, when I worked for a dot-com and first became fascinated with the market and the potential for huge profits (and huge losses). My company went IPO but, as Maxwell Smart (I'm dating myself) would say, "we missed it by *that* much" ... I was a paper-half-millionaire just waiting for the lockup period to end, when the Nasdaq popped in early 2000. But in the process of the pain, I learned a lot about the markets, and I realized I wanted to learn more.
I've read dozens of books on technical analysis and mathematical/algo trading, which appealed to my scientific mind, and I've developed many systems that worked spectacularly on paper, only to fail miserably in practice. Fortunately, I never lost a ton of money, but the experience did instill an over-conservative mentality that I still fight every day. It was hard to come to grips with the fact that there is no "perfect" mathematical model of the market, no perfect indicator, and that trading involves, and will always involve, an element of instinct and skill.
Nowadays, I'm trying to focus exclusively on day trading the ES contract. I'm not interested in scalping for two or three ticks; I'm focusing on the short-term swings that last anywhere from twenty minutes to four hours, that can yield 5, 10, 15 points of profit per day, or more. And I'm still battling the psychological bogeyman who sits on my shoulder and whispers doubt into my ear as I'm about to hit the SEND button.