Just dropping in to say howzit from Auckland,New Zealand! I have been trading the currency markets for over a year now(part time). The biggest issue for me is trying to find a reputable broker. Not a easy task! I am very interested to learn to scalp the markets as I enjoy the thrill and fear factor involved with short term trading(Yes, i'm well aware it's very risky) I usually stick to the 4 hour and daily charts and I mostly look at price action and support and resistance lines for trades..
If anyone is keen to share scalping trading ideas and broker recommendations...please do.
I am also looking at learning to trade the futures markets because from what I hear it's more regulated than the forex market and there are no bucket shops like you get in the forex world!
Could someone please tell me where i can learn to trade the emini S&P 500 market? What threads on futures.io (formerly BMT) will be helpful and are forex(scalping) strategies transferable to the futures market?
Keep well and thank you.
The following user says Thank You to gooney for this post:
Widely believed simply because it's possible to get far more leverage in forex, but that actually just makes it more dangerous unless you get your money management sorted out pronto. I would suggest using sim or the micro M6E type contracts to get a feel if you go the forex route.
Go to webinars section, watch webinar "where to start as a trader"
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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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The following user says Thank You to Big Mike for this post:
Mike...Thanks for the reply. I am going to listen that webinar. I checked the webinar sections and there are tons of trainings. Is there a thread which shows in what sequence a beginner listens to those video trainings?
Yea, I would be really interested to meet up and get some advice from you on forex and futures trading, and to chat to a pro trader I live in Auckland city close Albert park. Not sure how we can go about this because I can't send a PM to you yet.
Let me know when and where you would like to meet and we can make a plan?
Thanks for getting in touch. I look forward to catching up with you.