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Comments on "Where to start as a trader? Pt 1" Webinar
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Comments on "Where to start as a trader? Pt 1" Webinar

  #1 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: Stocks
 
Posts: 13 since Jun 2012
Thanks: 7 given, 3 received

Comments on "Where to start as a trader? Pt 1" Webinar

I just viewed your YouTube webinar, "Where to start as a trader? (Part I: Instruments and Brokers)." I recently set up my TradeStation account. It's a simple cash account, not a margin enabled account, and set up for stocks only. The TS datafeed I am paying for is for stocks and stock indexes only. I just happened to get a special price for the platform and datafeed. I did not plan to trade anything else.

I had always planned to start in stocks, albeit very fast trading in stocks. While I have little experience in trading, I have already read all the books. I have previously used end-of-day software such as MetaStock to learn TA indicators. I have also custom built several computers over the years. The latest one is specifically meant for day trading:
Windows 7 64 Pro
Intel i7 870
16 GB RAM
1 TB HDD
4 monitors

Your webinar threw me a little. Because, even though the title states it's for beginners, you say to start trading in Forex or Futures with a preference for Forex. While I do know about stocks, their tickers, stock indexes, etc..., I know little about Forex except it is related to currencies. I always understood Forex and Futures to be highly risky and leveraged. This is what's so confusing.

I doubt I will contact TradeStation and make any changes to my account. I wouldn't want to trade Forex until I have at least a year's worth of experience. Besides, I don't want to rock the boat with TradeStation just yet perhaps even losing the special price I got.

 
  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,238 since Jun 2009
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The correct thread is here:

https://futures.io/traders-hideout/14442-webinar-where-start-trader.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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to support our community, become an Elite Member.


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