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Greetings from Germany
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Greetings from Germany

  #1 (permalink)
Elite Member
Siegen / Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus / Continuum
Favorite Futures: ES
 
Posts: 5 since Aug 2014
Thanks: 6 given, 7 received

Greetings from Germany

Hi there, some 39 y.o. software engineer here. I'm completely new to trading and financial word in general. A friend made me curious about trading futures, and since I'm somewhat fed up with my current job and my perspectives as software engineer I thought I give it a try. I put my other hobbys at rest anyway so free time shouldn't be that a problem now.
Reading the posts on this forum is quite a difficult task for me, so many new abbreviations and terms to learn, I feel completely lost at the moment but I wont give up easily and I found a good friend called investopedia
Right now I have a Ninjatrader licence and some money at dorman. My plan is to become elite member here and buy a Ninjatrader lifetime license, simply to have that covered.
I like the idea of automated trading and hopefully programming Ninjatrader should be the easier thing to learn for me. From what I read here so far its important to focus on one instrument and since ES is mentioned often I think its going to be my choice. I hope to learn about indicators soon since I often see screenshots discussed here and I'm far from understanding whats going on there, I hardly recognice the indicator, not to speak of interpreting it. I've read about money management, risk management, business plans, trading journals ... and I wonder what that all is worth as long as I don't have the slightest clue of predicting a trend as it seems completely random to me. I guess thats the magic and everything comes down to this. I'm thankful for any hints and comments and maybe someone has a good Do & Don'ts for trading noobs

So far,
Veron

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,505 since Sep 2013
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Few hints


Hi,

A few hints

- don't invest real money until you can prove to yourself that you can win on the sim, ninjatrader has a great feature called SIM, you can just follow real-time price and 'practice' yourself, but not wining/losing real money. if you can make money during a period of at least a month, then you can give it a try.
- I read in your intro, 'predict' the future. I would suggest concentrating on following the trend, that is already hard enough. If you see the price action going in a certain way with certain dynamics, the odds are better that it will continue for a bit, than trying to predict what the price will do.
- don't invest it too much commercial miracles or trading rooms or other. once you are a elite member on futures.io (formerly BMT), you have access to the equivalent of thousands of euro commercial things, for free and with more documentation and explanation how to deal with it.
- read, read, read, there are many very good books.
- know that there is more than IT to trading, a big element in the equation is 'psychology', at least if you do discretionary trading, if you do full computer (strategy) trading, the that's less of a topic, but if your strategy loses money for 1, 2, 3, 4 days in a row what will you do ?
- trading is serious business. you need to do it professional with a lot of discipline.

hang around on futures.io (formerly BMT) and read what people write, say and explain
don't rush into trading, take your time.

I would say, good luck and happy trading !

Ron

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  #4 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
Favorite Futures: NQ
 
Daytrader999's Avatar
 
Posts: 1,159 since Sep 2011
Thanks: 1,137 given, 1,565 received


Veron View Post
Hi there, some 39 y.o. software engineer here. I'm completely new to trading and financial word in general. A friend made me curious about trading futures, and since I'm somewhat fed up with my current job and my perspectives as software engineer I thought I give it a try. I put my other hobbys at rest anyway so free time shouldn't be that a problem now.
Reading the posts on this forum is quite a difficult task for me, so many new abbreviations and terms to learn, I feel completely lost at the moment but I wont give up easily and I found a good friend called investopedia
Right now I have a Ninjatrader licence and some money at dorman. My plan is to become elite member here and buy a Ninjatrader lifetime license, simply to have that covered.
I like the idea of automated trading and hopefully programming Ninjatrader should be the easier thing to learn for me. From what I read here so far its important to focus on one instrument and since ES is mentioned often I think its going to be my choice. I hope to learn about indicators soon since I often see screenshots discussed here and I'm far from understanding whats going on there, I hardly recognice the indicator, not to speak of interpreting it. I've read about money management, risk management, business plans, trading journals ... and I wonder what that all is worth as long as I don't have the slightest clue of predicting a trend as it seems completely random to me. I guess thats the magic and everything comes down to this. I'm thankful for any hints and comments and maybe someone has a good Do & Don'ts for trading noobs

So far,
Veron

First of all, Welcome to futures.io (formerly BMT) and good luck with your just beginning journey !

Well, and besides all the useful things which @rleplae already stated, it's always a good idea to approach the markets by trading in SIM mode ONLY and taking the time needed to study only ONE instrument until you are familiar with its behavior.

I highly recommend to read this thread as well: https://futures.io/elite-circle/11125-ask-any-trading-question.html

In addition, take a look here and don't hesitate to ask any question in the German language section of futures.io (formerly BMT): https://futures.io/german-traders/

Oh, and before I forget...becoming an Elite Member is definitely one of the best investments you'll ever make.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #5 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,784 since Sep 2013
Thanks: 9,849 given, 11,160 received
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Hallo, Wie es gehts?

I highly suggest watching the getting started webinars to learn more about trading and the basics: https://futures.io/webinars/

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  #6 (permalink)
Elite Member
Hanover, Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude Oil
 
Scalpingtrader's Avatar
 
Posts: 1,440 since Apr 2014
Thanks: 1,734 given, 3,075 received

Hi and Herzlich willkommen

Feel free to ask whatever botheres / puzzles you - someone usually knows an answer.
I too highly recommend becoming elite! About 80% or more of my personal activity on futures.io (formerly BMT) takes place in the elite section (partly cause I got my own Journal there)

Which leads me to my second recommendation: Make a Journal about your trading development. And be as open and honest as possible with it. That really can steepen your learning curve by a lot imo.

All the best

ST

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  #7 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,641 since Jan 2013
Thanks: 26,773 given, 11,129 received
Forum Reputation: Legendary

I agree with everything that has been said.

- By all means, become an elite member. There is a wealth of material available in the elite section, and many people who are willing to help. (Including relating to software.)

- Learn everything you can, and remember that you have to find your own way. No one will ever trade exactly the same way as anyone else, even if they are trying to. What matters is how you see the opportunities of the markets.

- As soon as you have the confidence, try out the simulated trading in NinjaTrader. Do not risk actual money until you have given yourself a chance to learn; money can vanish very quickly in trading.

- As was suggested, it helps to start a trading journal and record your progress, even if it's learning and asking questions and not trading. People will be happy to help you here.

Good luck and welcome.

Bob.

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  #8 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,130 since Feb 2012
Thanks: 3,791 given, 7,661 received
Forum Reputation: Legendary

Grüezi @Veron auch aus der Schweiz
Willkommen!

Trading is a interesting adventure. It is a long journey and begins with the first step.
As most of the traders looking back can say: there are many (aka REALLY MANY)
things to learn - mostly the hard way.
If you listen to the many voices here in this forum you may omit quite a lot of traps.
You got already some hints to where to begin.
But the long way to be a successful trader YOU need to do YOURSELF.

Wishing you a great time here with the community
GFIs1

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  #9 (permalink)
Elite Member
Siegen / Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus / Continuum
Favorite Futures: ES
 
Posts: 5 since Aug 2014
Thanks: 6 given, 7 received

Thank you all for the warm welcome and the helpful advise

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