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Introduce yourself here!

 
 sienna 
Melbourne, Australia
 
Experience: Beginner
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: Many
Frequency: Several times daily
Duration: Minutes
Posts: 162 since May 2012
Thanks Given: 274
Thanks Received: 123

Dear All

To introduce myself briefly: I am Australian and primarily interested in FX and am really green, ha !....well I have a little knowledge, which is somewhat interesting, if not outright dangerous.

I almost blew up an account on Options and am skittisch as a result, when it comes to live trading. So, I am paper trading at present trying to get a 'handle'on the HawkeyeTraders software, which I have purchased a month ago. (no I am not trying to sell or spam - just info on where I am comming from).

Once I go live I would probably trade 1 - 2 hours a day max, preferably far less.....lets see what kind of style I can develop that fits in with my schedule. I free-lance for a living in 'arts and culture' and have a few balls in the air, so not able to spend half a day in front of a screen, nor would I want to.

I appreciate this forum, which I sometimes visit. I like the lack of BS and the resources. Am an Elite member.

I currently use NinjaTrader with Kinetik and papertrade FX on ThinkOrSwim (ToS), which I used when trading options. I want to open an account with a different US broker, as ToS is too expensive for FX trading.

QUESTION: I do have one question on FX brokers and would be grateful for feedback:
I have my funds in the US (held in USD) and given the current high AUD it would be crazy to transfer them out.

For FX, does anyone have good experiences with MBtrading or another broker, for small/modest account sizes?

My wishlist is: Reasonably tight spreads, low fees, minimal round turn fees (which is why I want to leave ToS) very stable fast platform, no "funny buisness", good customer service and security of funds.

On security of Funds: A few Australian FX brokers offer customer funds held in separate AAA rated well known Australian banks. Does MBtrading or another broker offer the equivalent in the US. Does anyone have a well founded advice on security of funds when working with a US broker

thanks very much for taking time to consider the above

cheers

Sienna

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DRAGONByTE
Gibraltar
 
Posts: 1 since Aug 2012
Thanks Given: 0
Thanks Received: 1

Hey,

I just found this nice forum together with Mike's blog and it looks really interesting to me.
I have started about one year ago, and did all the mistakes a beginner could make. I doubled accounts, I busted accounts, had highs and lows but never really "traded".

Right now I am in Gibraltar to learn more about forex trading. I think since then I am slowly but surely moving into the right direction, understanding the importance of consistency, about having a plan.

Sadly, I still have to work on my mindset, which also encourages me to move on with my trading robot development, which I started one year ago as my degree disseration as a Computer Scientist.

I am still developing my own little trading blog, so I can improve my skills by and motivate myself by writing about trading and showing my thought processes to others.

I am sure I will find a lot of useful hints here, and maybe I can even help out some other beginners with my experience I gained so far.

Cheers,

Martin

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DrMatt
Newcastle NSW Australia
 
Posts: 8 since Aug 2012
Thanks Given: 46
Thanks Received: 3


Hi to all.

I am sending this reply from down under Newcastle Australia.

I have been trading the SPI 200 futures on and off for about 10 years. Unfortunately I have mixed blessings with this instrument. Comfortable $25 point value, however it has been quite erratic to trade. Have recently moved over to US based account where i have begun trading the ES and NQ. What is interesting to note is that i am still able to trade the SPI but at a significantly reduced commission than what i was (and still am) paying in Australia - work that one out?? I still have a lot to learn from the US stock index futures. I am determined, however, to enjoy this journey.

Kind regards to everyone on this thread.

Matt Cotton

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Arbhai
Malaysia
 
Posts: 1 since Aug 2012
Thanks Given: 0
Thanks Received: 1

I m new here, hope i can learn more on trading in this forum. thanks.

Thanked by:
 
 muriithy714 
stanton, california
 
Experience: Intermediate
Platform: nt, sierra chart,nt
Trading: es
Posts: 7 since Jul 2012
Thanks Given: 9
Thanks Received: 1

Hi , futures.io (formerly BMT) .Im glad to join and just tryin to find my legs in trading

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Mr Fractal's Avatar
 Mr Fractal 
London, England, UK
 
Experience: Advanced
Platform: IB TWS, Sierra Chart, CQG, R
Broker: Interactive Brokers
Trading: Bond futures
Posts: 4 since Feb 2011
Thanks Given: 20
Thanks Received: 11

Hi all

Happy to join the forum and pass on my wisdom (or lack of) wherever possible.

Thanks to Big Mike and the other contributors here..

Ben

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Dantheman
Miami, Florida
 
Posts: 3 since Aug 2012
Thanks Given: 1
Thanks Received: 1

Hi Mike,

So glad I found this forum. I cannot wait to dive in and read all the post and information on this site. I can tell by the post I have been reading that there are some really interesting people out there.
I am new to trading and hope this site will be my resource to make it happen.

Thanks
Dan

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 1828trader 
Houston, Texas
 
Experience: Beginner
Platform: TD Ameritrade
Trading: stocks
Posts: 1 since Jun 2012
Thanks Given: 0
Thanks Received: 1

Hey All

Been a member of the forum for just over a month now and lurking (reading) as much as possible to continue my learning and investigate different types of instruments to trade.

I have been trading equities part time for about a year now. Had some winners and some losers but overall i am enjoying the process.

I am an accountant by trade so sometimes get caught up in the macro environment pressures that move a stock not to mention event based movement such as earnings releases.

Looking to learn as much as possible before diving in the deep end with options or futures.

Mike (aka 1828trader)

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fonzzz
brussel, belgium
 
Posts: 3 since Aug 2012
Thanks Given: 0
Thanks Received: 1

Hello Big Mike and others,

I'm from Belgium ...
But I trade only the US markets.
Looks like a nice place here ....

I mainly focus on high relative strength stocks, but I ignore fundamentals completely. (So I'm a pure technical trader ).
I have about 10 years of experience.
What I learned is that the key is to limit your losses (of course) on one hand, but also trying to be only involved in the market when it is really healthy .... and I guess we all know that being patient and waiting for the right opportunities is not always easy ...

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lostprophet
United Kingdom
 
Posts: 1 since Jul 2012
Thanks Given: 0
Thanks Received: 1


Hi lostprophet here

when I started this journey I never imagined quite how many detours I would need to make to get to where I am now. I've blown my account a couple of times and eventually come to realise that I am (or at least was) my own worst enemy....interesting how FT71 calls your emotions, your Monkey.....I think he was being very generous (or polite)...mine is a *&*!"%(:@ devil.

I think I have the hang of this game now....but really only time will tell. I used to trade the Euro exclusively until I realised that an instruments behaviour is inversely proportional to the number of idiots trying to trade it...so now trade it (the Euro/USD that is) small and for fun only.

I have gone through the gamut of indicators and systems and even spent a solid 18 months programming auto-traders only to realise that while they were profitable it was too painful to watch....like being a car with a learner driver...so now just use volume profiling and price action.

I now like to focus on two things....learning instrument behaviour......the "why does it do this, when that happens" and trading psychology. With enough screen time I hope to master both.

I'd just like to thank Big Mike for pulling this resource together and if not necessarily making my life easier...at least explains a lot of what goes on.

Best
//lostprophet

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Last Updated on March 17, 2024


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