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Trading room recommendations


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Trading room recommendations

  #1 (permalink)
 kctpac 
Auburn ma
 
Experience: Intermediate
Platform: Td Ameritrade
Trading: es
Posts: 23 since Jan 2011
Thanks Given: 30
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Need recommendation for Emini/Nasdaq Trading room. Going on disability and need to generate additional income

All help very much appreciated Thank you

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Can you help answer these questions
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  #3 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
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kctpac View Post
Going on disability and need to generate additional income

All help very much appreciated Thank you

try to eat healthy, avoid gambling your money away you should be fine.

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  #4 (permalink)
 
Skidboot's Avatar
 Skidboot 
Houston, TX
 
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kctpac View Post
Need recommendation for Emini/Nasdaq Trading room. Going on disability and need to generate additional income

All help very much appreciated Thank you

There are none. Save your money.

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  #5 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,172 since Jan 2013
Thanks Given: 57,514
Thanks Received: 26,292


kctpac View Post
Need recommendation for Emini/Nasdaq Trading room. Going on disability and need to generate additional income

All help very much appreciated Thank you

First, they are generally scams.

Second, even if you found one that is not (assuming there is such a thing), learning to trade takes a large amount of time and personal experience, as well as losing a bunch of money while you learn from your mistakes. So even a good room is not going to give you that much help. Again, assuming you found one that is not just going to rip you off.

Third, if you need to generate additional income, you should know that trading with money you can't afford to lose, or trading because you need the money, puts you in an emotional state (fear and/or desperation) that pretty much guarantees making decisions that give you losses.

Bottom line: no one is going to fix their need of money by quickly learning how to trade. It just isn't all that easy. If it were, everyone would be rich, right?

But unfortunately, usually someone has to learn that for themselves, by losing more than they expected, and sometimes more than they can afford.

Take care of yourself, and, if you go into trading, do it slowly and without putting money at risk that you can't lose. And be careful about accepting anyone else's trading recommendations. They probably know more about selling subscriptions to their room or service than they know about trading.

Good luck.

Bob.

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  #6 (permalink)
 
Blue Eagle's Avatar
 Blue Eagle 
vancouver British Columbia/Canada
Legendary Market Wizard
 
Experience: Intermediate
Platform: Ninja Trader
Trading: CL
Frequency: Daily
Duration: Minutes
Posts: 1,836 since Jan 2013
Thanks Given: 7,876
Thanks Received: 7,947

Read a bunch of these threads and you will quickly see that it is a LONG road to trading success. You are no different. Trading rooms are NOT the answer. If you have time and patience join in the forum and start learning. And then, slowly move into the challenge of risking your money to make more money (trading). There are many ways to make money even with a disability that don't involve risking loss.
Best of luck, Craig

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  #7 (permalink)
PeanutButter108
Toronto
 
Posts: 29 since Feb 2018
Thanks Given: 150
Thanks Received: 33

Majority of the trading rooms out there are trash. Like the people above have mentioned, you have to put in the sweat equity before seeing the numbers you want to see. Most out there are just selling their crappy systems.

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  #8 (permalink)
 
Rrrracer's Avatar
 Rrrracer 
On the road
Webinar Host
Trading Nomad
 
Experience: Intermediate
Platform: TradingView
Broker: Oanda
Trading: FX
Posts: 2,512 since Feb 2017
Thanks Given: 17,582
Thanks Received: 9,752

IMHO, if you really want to learn how to trade, you would be much better off investing $100 in an FIO Elite membership; likely everything you need to know is here.

That said, the process of learning how to trade usually takes more time, effort, dedication and desire than most people are aware of or willing to commit. Think of it in terms of a doctorate college education, not a two year associates degree. There is no "easy" money in this game.

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  #9 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,938 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,608

Thus you are always "biased" by THEIR opinion. If it is false - you lose. If it was right - you were too late. And lose again!
So - avoid any of them and your money will not be shredded.

To learn trading you need to count a lot of learning time ahead. Months do not serve - count years.

GFIs1

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  #10 (permalink)
PeanutButter108
Toronto
 
Posts: 29 since Feb 2018
Thanks Given: 150
Thanks Received: 33



Rrrracer View Post
That said, the process of learning how to trade usually takes more time, effort, dedication and desire than most people are aware of or willing to commit. Think of it in terms of a doctorate college education, not a two year associates degree. There is no "easy" money in this game.

This is so key to understand for people that want to get into trading. Trading is an elite business and should be approached the same way as one looking to become a pilot, a medical doctor, or a professional athlete. All of those other lucrative careers require numerous years of dedication and commitment - it's no different in this field either.

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