Cimino Here, I am a relatively new trader, 7 months of trying with little to show for it except the experience. This is an attempt at a career change. I am looking forward to picking up some good tips as well as share what I have learned with you. Give me time to fiqure out the forum and I will be glad help where I can.
Blessings to you.
I dont know alot and never seem able to pull the trigger when i am right. I have your "Channel this" which looks very clever but am trying to figure out its best use. Hoping to learn here. Many thanks
Hello to everyone,and thankyou Mike for an excellant forum.My name is lorne and i am an aussie living in Bangkok.I in the past have lost everything and have been working hard to put the funds together to start again.
I have been reading forums on traders lab,sierra,trading blox and everything i can find for months now.
I will be using to begin with interactive brokers, sierra chart and possibly trading blox to test my setup which i have been forming in my mind for some time.
My idea is to get my setup coded for sierra and then sim trade for as long as it takes me to gain confidence in my method.
For me hourly and daily charts will be enough,but i wish to use volume analysis as a confirming or denying factor to take positions with my setup.Problem is i know absolutely nothing about these studies so am busily reading as much as i can.Any reccomendations for books would be appreciated.
Again thankyou for allowing me to take part in this forum.
just joined about 10 minutes ago so wanted to say hi. Heres a bit about me.
I've been playing about with FX on and off for a couple of years in demo accounts. Then last year I hit the big 40 and realised that having been self employed for years I needed to do something about a pension plan (which i havent contributed to for 15 years or so). So I finally went 'live' with a mere $350 last November.
At present I'm about 30% down on my starting point and to be honest although it's a hefty chunk of the original this is my learning capital. When i was playing about with demo accounts I did quite well (about 80% up over a year) but realised that the emotional attachment to monopoly money isnt the same and immediately i started trading live my trading behaviour changed, but im now getting to grips with it, especially money management, though i still find myself chasing pips sometimes when I have reached my daily target.
To be brutally honest, I'm delighted that after nearly 6 months I havent blown my account which I view as a (maybe small) achievement. Maybe the real lesson would have been to blow it all in a matter of weeks and take the kicking that many seem to suffer at the very start of the learning curve (though between 18-23 I worked for an investment division of a large uk bank so that gave me good grounding in equity markets).
well it's quite simple really. I dont expect to make a million in my first year, i dont expect to make a million in 10 years time. As I mentioned what I am looking for is to increase my account by 5% per month every month (averaged out of course) but i will gladly bank any additional.
If I could regularly achieve 12% per month I would be ecstatic. Like I said I'm looking 15 years into the future and to build up a retiremnet fund. Once I am achieving 5% or more every month I will be chucking several thousand into my account so the serious growth can begin.
right i reckon I have bored you all enough........ i look forward to learning and banking pips.