Im 32 and a true beginner. I have no background in financials, markets or trading and I don't know anyone that does either, so after doing some quality reading I got inspired to make some changes and start educating myself. I am most interested in the futures markets and have been using a sim account on ninjatrader for just over a month. I have so much to learn and this seems like the right place for me to learn and communicate with others who have been down the road i am just now starting. I look forward to being able to learn as much as I can from everyone here!
I'm a professional Engineer looking to learn the ropes of trading and invest some money in Futures and possibly Forex. I'm very attracted to automated trading and using code to enact strategy and take the emotions out of trading. I so far have only been researching, reading this forum, reading books, watching webinars, in my free time. I am enjoying and becoming excited by what i have learned. I decided to purchase the Elite membership to further my education. Right now i'm fully in the research stage. I imagine I will choose NinjaTrader as my platform to trade and code with, and I will move forward from there.
Thanks for the fantastic community. I'm happy to be an elite member and hope I can add value in the future.
Hello everyone. My name is Tom and I have been interested in trading for several years. A friend of mine introduced me to trading in the 1990's and while he was holding his own, he was not really making any money. He was self taught and I suspect he ended up loosing more money than he ever made.
I have been looking around for months now. Trying to find a place to learn the techniques and skills I need to be successful. What I have found is a plethora of "get rich" scams or high dollar weekend seminars that are flagged all over the internet as scams or "wast of money".
I have decided what I should do is to join a community, like this one, ask some questions and get some direction before I spend dollar one.
For a guy like me, where do I start? I am as green as they come -- I don't know what is meant by "shorting", I don't understand "futures" and I can not read candle stick charts. I am a pre-schooler when it comes to trading -- but I really want to learn.
Last edited by trassier; February 21st, 2015 at 06:00 PM.
Hi Tom, you have elected to embark on an exceedingly long journey. Trading is not something that you can do by reading a few books and learning the ropes and then applying what you've learned and realizing a successful result. The road is full of pitfalls that will defeat you at seemingly every turn and still, if your determination does not dim, you must develop strategies that will make sense to, in many cases, only yourself. You must experiment based upon accrued knowledge over and over weighing the value of each experiment and testing many things that have virtually no value, but every now and then you will discover little gems that will work under certain conditions and you must guard these treasures and create a list of these, over time, of substantial significance. After many many moons your knowledge base will grow and you will find yourself discarding things that you once felt were the Holy Grail and proving new tools that obscure previous jewels relegating them to the recycle bin. The learning curve is a steep ramp and slippery enough to cause many backward slides with just enough traction to convince you that you are making progress no matter how imperceptable. Be absolutely certain to trade long and diligently in simulation mode guarding against false confidence which will disolve your portfolio and carry your wealth away in the gargantuan flow of Wall Street refuse. If indeed your determination to succeed is more than serious then you will find that your lifestyle will be manifestly altered and dedicated to an at least 9:30 - 4:00 daily ritual that can negatively impact your homelife. Now, IF you are the correct personality type and have the drive to succeed there actually is a light at the end of the tunnel and the further down the tunnel you travel there is an apparent increase in the intensity of luminousity that you can convince yourself that is, at times, almost blinding. If you can stick it out, I believe there are rewards for the dedicated few. I certainly wish you well and may the powers that be smile on your efforts.
The following user says Thank You to Geobet for this post:
Geobet is right the learning curve is steep and you have to start by first learning some of the basics of trading. I recommend investopedia.com you can lookup terms and understand how trading works. you can also download a trading tool that lets you try running simulated trades so you don't have to use any money to test your ideas out as you learn. I personally like Ninjatrader a lot, I think its a great tool to help you simulate some trades and when you are ready to do real trades, you can continue to use it.
Semi retired after a career as an investment banker financing junior oil and gas and mining companies internationally, have traded options (an futures) as a profitable hobby for many years now, look forward to hearing some new thoughts, ideas etc.