might want to try playing poker online for very little, it's probably more thrilling and will teach you a little bit about trading in the meantime if you have a lot of free time. It helps one get into the mode of folding (not taking a trade), cutting your losses short, and going after probable hands. And I know this website is very unrealistic but it helped me in the beginning Chartgame.com (just make sure to obey your mental stop losses since you can't add them). I know trading isn't a game at all but sometimes it's helpful to maintain interest by gaining confidence in similar activities because forex really does take time since you're most likely going to trade larger time frames.
Last edited by Itchymoku; November 25th, 2013 at 06:54 PM.
The following user says Thank You to Itchymoku for this post:
Account been approved! Going to have my first day of tradingthis week LA
Actually the one telling you to trade forex and watch the movie about a panda is one and the same...me.
You make a very valid point about experience levels. You are right to be guarded. You should be at least this guarded about trading. Instead of treating us with suspicion, you should treat trading with suspicion. Not that its wrong to trade, but that you should be very careful.
Hence my advice to trade forex. You can trade very small size while you learn to trade. This protects your capital which is rule # 1 in trading.
If you can't take the advice in the manner in which it was offered, perhaps your skin is to thin for trading. There is no quarter in this business. Those of us trying to help are really looking out for you but you are suspicious. Go figure.
I was told by a good friend I was wasting my time on your thread. Prove him wrong if you can. I'm waiting to see if you take any of the advice that's been offered, even if it is counter to what I offered. So far all you've done is demand answers on a silver platter. What I and the others are trying to tell you the answers that work for us probably won't work for you. Instead we've been trying to give you clues on where to start so you can find your own answers. But you just demand more answers.
Like I said earlier, prove my friend wrong. Have you at least rented the movie?
Over the holiday, you should watch it and then tell the rest of us what you learned from a kids movie. It's one of the greatest trading movies ever made. If you learn the correct lesson from that movie, you probably won't need us anymore. And if you don't, your not ready anyway.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Hi Budfox, can understand your frustration. Guess there is no magic pill here.
As you progress to become a good trader....you will see that humility is the best form of approach in the markets.
In any vocation it takes time/perseverance & dedication. This is not advice...justt learnt it the hard way.
I think most of the folks are trying to help you.
Some of the books which gave me some understanding of the markets:- But just reading was still theory.....repeated observation of various plays what i watch is my learning. But a stop/risk mgt is always there if my observation is incorrect or a market event which goes against me. For my part i kept looking at my charts & something clicked which said buddy the stuff is in front of you....where were you looking
Lol...in lighter note....how a Master Chef....cooks n cooks...and comes up with various dishes.....so does a trader with all his technical/market observations & self discovery moves ahead.
Cheers & really good luck on yr endeavors !!
Tape Reading & Market Analytics (A classic)
The Traders Edge - Grant Noble (kool)
Mindful Trading:- Mastering Your Emotions & The Inner Game (Brilliant Psyco stuff)<<<< I Deal with this everyday
Market Wizards (Real Good)