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)
I hope this finds you warm and cozy with a nice big cup of coffee (my other addition)!
My introduction:
Goal: Daytrade and make a living from trading stock.
Success Rate: 1% (So there's room for improvement!)
I have had some successful trades but more red than black. I am currently working on improving my consistency and stop jumping from indicator to indicator.
I am considering myself a beginner because the more I learn, the more it seems I need to learn.
I saw a cartoon on twitter awhile back with a couple sitting and watching the sun set. She was thinking how beautiful it was while he was thinking about stocks! I can relate.
I'm a professional Engineer looking to learn the ropes of trading and invest some money in Futures and possibly Forex. I'm very attracted to automated trading and using code to enact strategy and take the emotions out of trading. I so far have only been researching, reading this forum, reading books, watching webinars, in my free time. I am enjoying and becoming excited by what i have learned. I decided to purchase the Elite membership to further my education. Right now i'm fully in the research stage. I imagine I will choose NinjaTrader as my platform to trade and code with, and I will move forward from there.
Thanks for the fantastic community. I'm happy to be an elite member and hope I can add value in the future.
Hello everyone. My name is Tom and I have been interested in trading for several years. A friend of mine introduced me to trading in the 1990's and while he was holding his own, he was not really making any money. He was self taught and I suspect he ended up loosing more money than he ever made.
I have been looking around for months now. Trying to find a place to learn the techniques and skills I need to be successful. What I have found is a plethora of "get rich" scams or high dollar weekend seminars that are flagged all over the internet as scams or "wast of money".
I have decided what I should do is to join a community, like this one, ask some questions and get some direction before I spend dollar one.
For a guy like me, where do I start? I am as green as they come -- I don't know what is meant by "shorting", I don't understand "futures" and I can not read candle stick charts. I am a pre-schooler when it comes to trading -- but I really want to learn.
Hi Tom, you have elected to embark on an exceedingly long journey. Trading is not something that you can do by reading a few books and learning the ropes and then applying what you've learned and realizing a successful result. The road is full of pitfalls that will defeat you at seemingly every turn and still, if your determination does not dim, you must develop strategies that will make sense to, in many cases, only yourself. You must experiment based upon accrued knowledge over and over weighing the value of each experiment and testing many things that have virtually no value, but every now and then you will discover little gems that will work under certain conditions and you must guard these treasures and create a list of these, over time, of substantial significance. After many many moons your knowledge base will grow and you will find yourself discarding things that you once felt were the Holy Grail and proving new tools that obscure previous jewels relegating them to the recycle bin. The learning curve is a steep ramp and slippery enough to cause many backward slides with just enough traction to convince you that you are making progress no matter how imperceptable. Be absolutely certain to trade long and diligently in simulation mode guarding against false confidence which will disolve your portfolio and carry your wealth away in the gargantuan flow of Wall Street refuse. If indeed your determination to succeed is more than serious then you will find that your lifestyle will be manifestly altered and dedicated to an at least 9:30 - 4:00 daily ritual that can negatively impact your homelife. Now, IF you are the correct personality type and have the drive to succeed there actually is a light at the end of the tunnel and the further down the tunnel you travel there is an apparent increase in the intensity of luminousity that you can convince yourself that is, at times, almost blinding. If you can stick it out, I believe there are rewards for the dedicated few. I certainly wish you well and may the powers that be smile on your efforts.
Geobet is right the learning curve is steep and you have to start by first learning some of the basics of trading. I recommend investopedia.com you can lookup terms and understand how trading works. you can also download a trading tool that lets you try running simulated trades so you don't have to use any money to test your ideas out as you learn. I personally like Ninjatrader a lot, I think its a great tool to help you simulate some trades and when you are ready to do real trades, you can continue to use it.
Semi retired after a career as an investment banker financing junior oil and gas and mining companies internationally, have traded options (an futures) as a profitable hobby for many years now, look forward to hearing some new thoughts, ideas etc.
After spending few months (years ago) getting ripped by my "toss-a-coin-and-enter-the-market-because-i-need-
money-now" approach of Nasdaq and Nyse, came to my senses and found that trading wasn't going to be what i
thought it was...
Spend then few years on the Forex with a plan and increasing knowledge of technical analysis, results were so so,
finally found that following the order flow with a known volume on Futures was more my thing.
Still room to improve obviously, specially on the psycho side.