My name is Mantas and I'm a sociology student in Denmark. Trading for me has been interesting from the academic perspective (esp. technology <-> trust issue), and also because of open opportunities for investing.
I have mostly traded Forex currency pairs, using demo accounts. News trading didn't work well for me, so I am leaning towards fundamentals and technical analysis. Recently, I've read about the straight line approach (will follow up with the link), which seemed to be quite interesting and a valid analysis. Maybe someone knows about it or has tried it?
Some of my questions at the moment: how to choose a broker and how to decide, which trading platform to use? I have tried MT4, Tradable, and Saxo Web, and i think i liked Tradable more because of the customisation options and overall user experience. But does that really matter in trading? Not all brokers offer that platform, which it creates a limitation in terms of available brokers.
Hopefully, I'll learn more about trading world here!
The following user says Thank You to mantas for this post:
My journey into trading business has been a long research. I have searched for a way to do day trading with the most suitable platform, most stable instruments and to be able to manage my trading in a clear, straithforward and simple manner. (I avoid make my life complicated)
So currently I am studying what will fit me best, low risk, small investment and continous profits daily.
So far I am heading for cooperation with reliable/honest european broker for suitable instruments. Ig.com sounds like a good choice?
What I learned so far price action and futures might be the right choice.
The following user says Thank You to traderock for this post:
Just wanted to say thank you for the site, the sharing of knowledge and the indicators. My goal is to become an outstanding trader. Right now, I am a beginner. Once I have some knowledge of value to share, I will gladly help others to succeed.
The following user says Thank You to AABid for this post:
I am currently in the Navy
Been trading for 3 years now in stocks and now switching to futures
Consider myself still a beginner to learn new things.
In 2 years I will be getting out to finish school and jump at trading full time
Glad I found this forum because there is a lot of information here
The following user says Thank You to DreamerJ for this post:
[SIZE="<font><font>4</font></font>"]Hallo Traders und Traderinnen
Es ist einsam als Trader...
Obwohl ich mag die Stille, nach meinem bisherigen lauten Leben.
Um etwas in Kontakt zu kommen mit Gleichgesinnten, habe ich dieses Forum gefunden...
Danke an Mike !
Es sind die Gefühle, die man als erstes beim Traden beiseite legen sollte, nur so einfach ist das nicht. Oder ist doch ein gutes Gefühl sich was zu kaufen mit Geld !? Also die Gefühle kann man nicht unterdrücken am Markt, wäre auch ein Fehler mein Ich. Seltsamer weise, habe ich dazu mir aufgeschrieben mein Bauchgefühl in einen Trade reinzugehen oder nicht. Und ich muss sagen mein Bauchgefühl wenn ich mich darauf ernsthaft konzentriere, ist der beste Indikator den ich habe. Ich bin also ein Emotions Trader und dass aus gutem Grund heraus. Denn man darf es nicht verwechseln mit Gier und Angst, das hat damit nicht das geringste zu tun ! Es ist die Empathie des Marktes. Das ist was ich zu erfassen vermag. Das hat mein Trading enorm vorangebracht. Sich voll auf die Emotion des Marktes einlassen.
In diesem Sinne
The following user says Thank You to Thomas T for this post:
I am an experienced trader, and have been doing it for about five years. I started with stocks, then forex, and now am doing futures. In addition to that I plan to start trading futures options this year. All my trading has been done on Tradestation. I am the most familiar with currencies.
I started trading when a friend suggested I may be good at it, and I started with the program at the Online Trading Academy. I joined some trader's groups here in New York City, and traded part-time from home. I have my own accounting business when occupies me during the day, and for me trading is a personal, rather than a professional, activity. I'm trading only my own accounts.
I see trading as a way of life. If you have savings, you have to find something intelligent to protect and grow them. Entrusting your savings to someone else isn't a good idea because an outside party will not always put your interests over their own. We are all responsible to learn about investing our savings on our own.
I enjoy the community in trading as well. The market is a lot of people interacting with each other, and it takes a group to really understand it better.
Looking forward to the forums!
The following user says Thank You to Contract Killer for this post:
Hi everyone, it seems I registered 873 days ago but never used the forum !
I have moderate experience achieving zero returns on spot fx with under-funded accounts and discretionary, gut-driven position taking. Along the way I have read a lot of academic research thinking I should be able to implement a good algorithmic strategy that keeps my guts away from the trading. And here I am in 2016, feeling like its my own responsibility to make my savings work for me and very keen on resuming those efforts, but this time with Futures.
Being a seasoned data and software engineer, I have also made good progress updating my dusty machine learning skills.
- For research my go-to approach is to spin either RStudio or Jupyter Notebooks and use various techniques such as extreme gradient boosted trees or deep neural networks.
- For production I am considering implementing those strategies with C++/Rcpp or C#.
I am now at the point where I need to identify good feeds and start working on historical data that best reflects execution conditions (thinking IQFeed in case my strategies require going by the tick). Also looking for recommendations for a reputable broker and API (thinking Rithmic for API?).
Happy trails !
The following user says Thank You to setauquant for this post:
Hello. I am aged 72 (feel younger!!) and have been trying to get myself on a path to consistent trading profits since 2005 at least. Still seeking a method that suits me. Ideally, simple and clear so I know when a trade is going wrong and can get out while letting the good ones run. I tend to favour price action and horizontal support and resistance levels as taught by several Australian traders.
The following user says Thank You to gvmgvm for this post:
I am completely new to Trading. I have literally just started researching Day Trading and if I find that I might be suited to it then I hope to trade part time. I have never joined any kind of forum in any field before, but having stumbled across BMT I was straightaway struck by both the openness of Mike's approach and that of the members in the (few) posts that I have read so far. It's clear that this is a good group to be part of, and I hope to be able to be of some use to people on here someday when I have some experience to offer. To begin with though, please excuse my total lack of knowledge of the field - I'm going to be asking some very very basic/daft questions indeed, to clarify things that I am reading from books, from this site and elsewhere on the web.
My motivation arises from the desire to generate another income stream alongside my main job which is Sales Admin with a technology company. I am lucky to now be in this job which I enjoy and has given me the time and 'headspace' to be able to relax and seriously apply myself to a new endeavour alongside it.
And serious I am. My intention is to properly research Daytrading, determine whether I'm really a good fit for the job, if so, get a comprehensive Plan in place, taking maybe a year to get to the point where I am ready to go live trading a specific security of choice, having thoroughly backtested and trade-simulated my initial system. My objective for maybe 3-6 months after that would be to breakeven or slightly better, whilst I gained experience and refine my methods. There would be a proper focus on risk management from day 1. There would be no deviation from the system that I went live with. None. No panic, no greed. Just planned development.
I'll be running my ideas past you guys and am resolved not to shy away from looking a complete fool sometimes in the course of developing it. Go easy on me, eh.
Just signed in and wanted to let everyone know I look forward to looking at everyone's post and journals. Also, I currently trade the Es and ZB hoping to get better at what I do. I mainly focus on support and resistance levels looking at the prior days and overnight movement. I'd say my biggest issue is spotting reversals. I know everyone has their own style so to each their own and hopefully I can make this passion a reality. I'm realistic and not looking to get rich quick and I know I picked the wrong job to do but I don't know why I can't get away from it as I'm sure a lot of you might feel the same way.