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What should a beginner learn to trade first?
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What should a beginner learn to trade first?

  #91 (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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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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  #92 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
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Interesting. I happened on this site which has a bunch of free trading systems and indicators posted for forex.
Particulary for Metatrader 4.

This could be a good resource for new traders to sim trade and try out various systems. Of course , spend
a long while in sim and cover many scenarios of price action and varying volatility. And also one could start out small if live using Forex and get used to MT4 as a generic trading platform.

Forex Trading and Techniques : All about forex trading, forex strategies, forex indicators and techniques

You can download MT4 free at OANDA - Forex Trading and Exchange Rates Services | OANDA and use their sim server indefinitely.

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The following 3 users say Thank You to Cloudy for this post:
 
  #93 (permalink)
Trading Apprentice
Miami, Florida
 
Futures Experience: Beginner
Platform: Fidelity
Favorite Futures: Guitar
 
Posts: 3 since Aug 2012
Thanks: 1 given, 1 received


Thanks Cloudy, that seems like a good idea.

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  #94 (permalink)
Trading Apprentice
Chicago, Illinois, USA
 
Futures Experience: Beginner
Platform: Gecko
Favorite Futures: S&P 500
 
Posts: 2 since Aug 2012
Thanks: 0 given, 0 received

PAPERXX

I am a beginner trader 1 and 1 half years, I trade the S&P 500. Any solid heelp from veterans????

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  #95 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

I just saw this vendor site with this free blog post. I thought this was a good listing of trading advice anyone new to trading could read and maybe get some help from:


"10 Years of Forex Trading – 21 Important Lessons Learned"
10 Years forex live trading | Spartan Forex Trader Academy

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  #96 (permalink)
Membership Permanently Revoked
copenhagen denmark
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Es
 
Posts: 41 since Aug 2011
Thanks: 0 given, 26 received


PAPERXX View Post
I am a beginner trader 1 and 1 half years, I trade the S&P 500. Any solid heelp from veterans????

A good tip is to only seek advice from people you know are profitable, veterans or not .

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  #97 (permalink)
Trading Apprentice
Paris, France
 
Futures Experience: Advanced
Platform: Tradestation, MultiCharts, TWS, ButtonTrader
Broker/Data: IB
Favorite Futures: ES, EUR/USD, Oil, Gold, Stocks
 
NoBias's Avatar
 
Posts: 16 since Feb 2011
Thanks: 1 given, 13 received


Kingpin View Post
A good tip is to only seek advice from people you know are profitable, veterans or not .

Isn't that the truth... extremely good advice

Blind leading the blind....

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  #98 (permalink)
Trading Apprentice
New York, NY
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Forex
 
Posts: 1 since Aug 2012
Thanks: 0 given, 0 received

Beginner Looking for Beginning

Hey guys I am a beginner in Forex looking to hear from others in the game. I am located in NY, NY are there any traders out there trying to conquer the Forex Jungle. I am interested in talking with some.

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