I'm a trader from Cape Town, South Africa.
I started out with shares, then went into the gearing environment with share installments.
Could not generate an income fast enough. Went into warrants. What a dog!
Ended up with financial futures. Been trading that for past 3 years.
I just just joined. Thanks for asking me to post.
While looking for an adviser to trade shares, I came across Open Trader. After enrolling, found out they teaching futures trading, not stock trading.
Like my stock trading, been loosing like mad, until recently Brexit made an opportunity to make some money. Now need to be consistent .
Maybe let me know: will I benefit from futures trading, which according to Optimus, it's more risky but more flexible.
Anybody please advise, should I get a refund and then subscribe to a good adviser, or learn futures trading as a better knowledge to trade stocks.
I am new in consistent trade wins buy any advice is appreciated.
Note: how do I open a trade stock account inUS? Current securities platform based in Singapore is expensive.
Hello Futures.io community! Glad to witness people who believe in... humans, so many forums are exactly what some described on this site. I grew up in poverty, read a book in high school called rich dad poor dad, I'm sure many of you have heard of it, not sure of your thoughts on it but it engaged my thinking in a new way.
Been trading stocks and not very well for the last 12 years on and off trying to learn my way around, had some good wins but seem to always offset by my losses or emotional moves that end up putting me back in the mud. So if I walk away with the same funds because my wins and losses then I'm definitely losing, haha.
Would like to further expand my knowledge and trade differently. My scale is small so we'll see what I can make work but I'm able to keep a pretty low standard of living to put away some small funds every month to experiment and learn.
I am really new to trading. I've done some research and demoing on different instruments and styles. Finally, I started with trading index futures on TradeStation using trend following algorithms. Pretty decent backtest performance, but they do show substantial loss periods - overall though it is quite profitable; just a little choppy. I do want to learn how to catch trends and reversals myself based on fundamentals and technical analysis, so the losses aren't that substantial.
I do work full-time, hence went for an automated system. But, do wanna educate myself to become a full-time trader someday. Right now, I find myself not well prepared at all in my analysis, and the emotional effects are also felt when things go bad. So just want to learn from the collective experience on here to realize my goals. Thanks.
The following user says Thank You to arane2012 for this post:
I've been trading options for the last 7 years and started trading futures about 2 years ago. I've been stalking this forum for about 6 months and thought it was time for me to introduce myself!
I work at a large tech company in California so I cannot trade much during the day; however, since I'm on the West coast, I'm able to trade early in the morning before work and the last hour of the day during lunch.
I'm currently using NT given its incredible extensibility and NT Brokerage via Dorman Trading has been solid so far. I'm a software engineer by trade and am very happy that NT decided to allow you to write native C# extensions rather than making up some sort of language abstraction like TOS did.
I'm still getting my bearings in the futures markets and am really enjoying the community here. Thanks again to Big Mike and the team for putting this whole thing together and keeping it going. The $100 elite membership was very well spent.
The following 2 users say Thank You to bunchjesse for this post:
Just a quick intro...My name is Jason. Very excited about learning about Day Trading. I have been doing tons of research and will continue research for a few more months probably before going 'Live' with trading.
I hear horror stories about people losing their investment with this stuff, which is concerning. But, they probably didn't do their homework either. I have always been drawn to this idea and lifestyle of work.
So, now time to take it more seriously. I am looking forward to building a network with most of you and I hope to learn a lot.
The following 2 users say Thank You to jtaylor1173 for this post:
That's a false assumption . Fact of the matter is that most people wanting to take this serious enough do their homework and lots. There's so much information (and garbage) out there for people seeking something that suits their personality and style. You can easily get lost and suffer from analysis paralysis. In the end it comes down to finding an edge that you feel comfortable with (through testing things), knowledge of your system's expectancy numbers, personal risk profile, capital available, trading a plan and most importantly sticking to that plan (and this is where psychology comes in).
Inability to handle personal psychology is the downfall for most accounts and good systems because nobody enjoys losing or feeling out of control. You can learn exactly how a profitable trader trades their method - but it won't do you any good if you don't fit the psychology for it. This is also why it's said that you should come up with your own method to this madness according to what fits your personality.
Trade in the present: what do you see developing today?
The following user says Thank You to metalhe4der for this post:
I'm looking forward to being a member here. While I have a fairly extensive background in finance and trading, I have recently shifted my focus towards much shorter time-frames in an effort to improve consistency. Despite my many years of study and practical experience, I consider myself a fresh student, and am always eager to learn. I hope to do that here, and if I can help a few others along the way, all the better...
Last edited by Bladesmith; July 10th, 2016 at 01:14 PM.
The following 3 users say Thank You to Bladesmith for this post: