I've been contemplating the idea of hosting trades using Livestream, which would essentially allow me to do live webcasting of my trading routine. I have not yet checked to see if anybody else is doing this (someone probably already is doing it), but after having seen the new Aero TV Livestream website today for the first time, the idea came to me as being something that seems perfect for the Newbie Trading Community interested in learning what a day-in-the-life is like for those who actually trade for a living.
Anything, that I have ever done online, has always been with the New FX Trader in mind - so this idea is no different. The thing that might prove to be a bit odd, are the trading hours. Trading FX is not like trading the equities markets, where you get anywhere from 6.5 to 8 hours of volatility before all trading stops. Of course, FX is a "24 hour" market and somebody is out there making a trade literally 24 hours a day (even though most brokers shutdown on the weekends). It would be my guess that one could watch the trading for as long as I made them - which could be as short a time frame as 1 hour, or as long a grind as 12 hours, depending on which trading mode I'm using at the time.
Anyway, for the new to FX Traders out there on Big Mike's, offer your feedback and thoughts on such an idea:
- What interests you in watching someone else make trades?
- What does not interest you in watching someone else make trades?
- What type of trading modes would you want to see (Scalping, Intra-Day, Inter-Day, Swing...)
- How long could you sit and watch someone else make trades?
- Would you want to have the ability to ask the trader questions while they trade?
[assuming all trades would be FX pairs related]
I don't have a site or a studio set-up yet and I'm not promising anything at all. I'm going to take a look at Livestream to get a better understanding of how they manage to make your webcast live, such that people can see it in real-time. I then have to figure out how much work I would need to do in order to get set-up AND to maintain such a virtual studio, as well as how much time I would actually have to dedicate to the entire production process. I could not allow the "process" to overwhelm the actual trading itself - that would defeat the purpose. If I cannot handle both at the same time (Producing and Trading), then I obviously won't do it for sure.
Let me know what you think off the top of your head.
Please confirm you are not a vendor, do not have a website, do not have any product or services for sale.
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.
Yes, I do have a website. It is called CollaborativeFx and it exists for the sole purpose of sharing some of my Research and Development on Automated Bots that I will use in my personal trading, as well as for the potential transformation of my original prototype trading system called 7thSignalTrader, which I use to manage all the trades of my trading firm - which itself is a closed-end private fund where I manage its capital (my capital) the I developed exclusively.
I don't sell things to Traders. I actually trade the markets for a living.
I've given away in information about what I do, far more than I have ever received in return over the years - that's for sure. These days, I hopefully inspire, educate, and motivate individual FX Traders to think outside the box of convention, so they can develop Indicators and Trading Systems for their own personal use. That way, they won't have to buy things from vendors and the like, because they will already be successful Traders in their own right.
My motto has always been: Traders Trade and Vendors Sell.
I'm JetTrader, remember. Lost my password a while back ago and long since deleted the email registration - so there is no way for me to log-in under that UID.