Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
For years I would see the Motley Fools ad on MSN Home Page and make fun of them, yeah I would be a Fool if I worked with those guys.
Guess what, I finally did work with them and I was amazed how well their stocks did. I don't make fun of them any more.
Fools is primarily for purchasing stocks and as I said I have done good with a fair percentage of their picks.
Of course a lot of it can depend on the status of the stock market, Moving up or moving down over a period of time.
You will find that many folks in this group are into a wide variety of investment avenues, ie stocks, futures, options etc.
Read, listen & learn and enjoy the process, be patient and you will find its very interesting.
I am a beginner trader. I have not traded in a live brokerage account yet, but have done some simulated trading using the free version of Ninja Trader v8. I am trying to learn how to develop automated bots for trading the S&P 500 Emini Futures.
Just newly joined Futures.io, I have more indepth trading experience in stock market and not futures. Glad to catch up with all the friends and trading gurus here.
Wish every success to all and this site. Build to Last!
Thanks a million.
Cheers!
I'm a senior who would love to enlarge my small portfolio. I'm not afraid to read and work at it but have been very distracted by ads promising easy trading of the experts and just follow their daily decisions.
Then a good friend suggested using Futures Truth to analyze systems out there that I could follow and actually make money. Should I read Top Performing Systems Report or their latest Futures Truth Magazine? So then I searched reviews of Futures Truth reports and found this forum.
So my question is: Can I discover a marketed system that does actually perform profitably. I don't think I want to invest in learning to trade myself without a guide. Maybe I'm not using the correct terminology. Ex: Quant Savvy out of London, Dark Pools by D. R. Barton, One Trade by Michael Carr.
Well, you did ask for feedback. I do not mean it negatively, but I do want to suggest extreme caution.
First, protect your small portfolio. You have no idea how quickly it can become much smaller, or gone, from trading, especially from trading futures.
Second, no, there is no "marketed system that does actually perform profitably," if by that you mean something that you can just follow and succeed. If someone had such a thing, why would they bother to sell it to you, instead of just getting rich themselves?
Third, no one who is running "ads promising easy trading of the experts and just follow their daily decisions" is going to fulfill their promises. We read stories all the time of traders who believed the hype and lost their money, after shelling out sometimes large fees to the promisers. The same question applies: why do they sell it, if it's really that good?
There are many methods that work, and there are many marketers of products that are useful. None of them can offer quick, easy, large rewards. The most they can do is give you tools. Some can help you use the tools. But you will generally not find what you are currently looking for.
In other words, it really will take you coming to understand what to do and how to do it. This does not mean you have to invent your own "system," just that you will need to understand what you are doing, and will have to make your own decisions, as in any business. And trading is a business.
If I've discouraged you, I'm sorry, but someone should tell you now, not after you have lost some money with some get-rich-quick scheme.
I'm not promoting any system either, but will just say that you can look over the posts here on this forum, ask questions, start a learning process, and go where it takes you. It will not be without effort, and it does have its rewards.
Good luck.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Hi,
Happy to join Futures IO, my name is Diego I'm originally from Ecuador, I live in Baton Rouge Louisiana USA.
I trade the RTY, ES and CL, but no simultaneously. I don't use any indicators, I don't use any moving average; I only use levels, context and volume-price analysis; I create hypothesis and manage risk (anticipation yes but never prediction). I'm working in my mindset and in my health everyday. I'm a student of the market and I always will.
Hi Everybody! I have been introduced to Futures Dec 2019 and have been trading on and off. I'm from Toronto, Canada. I would like to setup a corporate trading account and is there another choice for Canadians other than IB. IB wants $112.50x3 per month for live data The reason I liked IB was they have all the products Futures, Forex, Stocks and Options all together, however paying $300 a month for data in this internet age doesn't make sense. Any advise would be appreciated. Thanks
I feel your pain re: Interactive Brokers. You are a quicker study than I am. I paid for their cruddy data for several months before I wised up.
I was with these guys in Canada for a few months last year. They can probably steer you to a good broker. But you migght want to read some of the reviews of AMP on this forum:
Not sure if you are talking about $300+ for three CME futures exchanges, CME, BBOT, NYMEX for instance, or for forex, stocks and options data too.
If the former it is probably because you want to set up a corporate trading account rather than a personal trading account, therefore the CME classify you as a professional trader and will charge you their professional data fees on your account, rather than their low non-professional fees.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
The reason I liked IB was they have all the products Futures, Forex, Stocks and Options all together, however paying $300 a month for data in this internet age doesn't make sense. Any advise would be appreciated. Thanks