Have dabbled in the past with FOREX but not on a consistent basis. Made some money, thought I was smart, lost some money, realized I wasn't. Figured I'd better get serious or get lost, got lost for awhile.
Advance to the present:
I found the first in the webinar series 'Where to Start as a Trader' (Jan 2012), can't find the rest. The topics were to be
○ Instruments and Brokers (Part 1)
○ Trading Platforms
○ Developing a trading style/method
○ Risk Management, Trade Management
○ Goals and Best Measurement Practices
○ Indicators, Signals and Automation
Was the rest of the series put together? They may have been retitled. Any suggested beginner's list on the videos?
Also, I saw some suggested threads on system development while browsing but cannot find them again. Can you recommend a place to go to begin developing a comprehensive approach from How To, to Who to Use, to Keeping Your Head Straight?
My current trading bias is toward FOREX or E-mini S&P. Are there better places to get your feet wet?
I encourage you to read every single post. Virtually every rookie question has been asked and answered, at least from my point of view, and it should be more than enough to give anyone a very clear path to work towards.
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.
If you want to support our community, become an Elite Member.
The following 2 users say Thank You to Big Mike for this post:
In my case I doubt there were any bad actors at play. The biggest threat to my trading account was me. This time around I'm going to try to go at it a little more sober minded, pushing hard on education and caution with a little less hubris.
On this forum, Big Mike recommends using a "no-dealing desk" for Forex. Its the "dealing desk" that can see your orders and trade against you. Watching some of the forum's webinars Big Mike mentioned that he uses FXCM.
There's also a couple of FXCM webinars here on the forum, I think they have both dealing and non-dealing desks. They talk about the difference between a dealing desk broker and a non-dealing desk broker. The differences include not only what an in-house trader sees but also the spreads the broker charges, the non-dealing desk having a larger spread.
I gather there's also been issues with some brokers not willing/able to distribute funds back to clients.
Quoting Big Mike; "make sure you do your research."
Last edited by jimscott77; September 7th, 2014 at 12:54 PM.