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Introduce yourself here!

  #1001 (permalink)
DeadCatBouncer
New York
 
Posts: 26 since Aug 2010
Thanks Given: 6
Thanks Received: 36


b4best View Post
I'm new here, and am an inexperienced trader. I have no advice to give as I'm not successful at trading yet, and don't pretend to be.
I've been experimenting with Forex for about 8 months and just can't seem to figure it out. My frustration has brought me to this site, and I'm hoping to learn and eventually contribute.

Good luck to all

Try the Euro FX futures and then tie volume into the mix. Spot currencies can be tuff IMHO. Futures buddy, Futures! Just remember currency traders are the real masters of the universe. Talk about a pack of wolves with unlimited resources. Geesh.

GL, there's a good group of learned people here on Mike's site.

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  #1002 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


b4best View Post
I'm new here, and am an inexperienced trader. I have no advice to give as I'm not successful at trading yet, and don't pretend to be.
I've been experimenting with Forex for about 8 months and just can't seem to figure it out. My frustration has brought me to this site, and I'm hoping to learn and eventually contribute.

Good luck to all


Can you provide some detail as to your experience or knowledge? How do you like to trade? Are you a short term trader looking for a few ticks or pip, or do you like to hold a trades for minutes, hours, days etc? Do you trade against or with the current trend? What is your methodology? Do you use indicators? If so, what? Do you look at patterns and or trend lines. Do you have a written trading plan that defines how you like to trade, what the setups, risk, money management and targets are?

If you want somewhere to begin I would suggest this thread.

By the way, become and elite member for the $20 or $50 or whatever it is so you can access the elite threads like the one attached.


David

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  #1003 (permalink)
 sergey777 
London, ON Canada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: stock
Posts: 4 since Aug 2010


I have been losing money as well, tried options and stock. But I am a good programmer and have to rely on my strengths so the next goals is to program a system. I like NT for their simple interface, I also tried buttontrader in the past.

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  #1004 (permalink)
 
MasterSS's Avatar
 MasterSS 
Russia, Ekaterinburg
 
Experience: Intermediate
Platform: NinjaTrader
Broker: FXCM
Trading: forex
Posts: 13 since Jul 2010
Thanks Given: 123
Thanks Received: 3

Dear traders! My name is Sergey, I'm from Russia, the main my work on the automation engineer. I'm learning to trade Forex, found your forum very interesting and useful information for my training trade.
P.S. I use a translator, so sorry for the quality of the text.

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  #1005 (permalink)
b4best
San Antonio, Texas, United States
 
Posts: 3 since Aug 2010
Thanks Given: 2
Thanks Received: 0

David,
This is my 2nd attempt to reply to this and I hope both messages don't go through at the same time because they would be very redundant. Anyway, I've been trying to trade with the trend only, as it seems all serious successful traders use this approach. I've murdered my first 2 live accounts, but luckily I only deposited minimal amounts that I was comfortable using. I know people say demo trading first, and I did for about 6 months, but I don't believe that helps as people can be fearless when it's not real, and the results will not be realistic.
Lately I've been using a variation of guppy lines to find the trends, TD Sequential Counts, and some pivots exclusively. Surprisingly this has given me some improvement, but still not where I would like to be.
Any advice will be greatly appreciated, and I will become an elite member in due time.

Thanks

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  #1006 (permalink)
b4best
San Antonio, Texas, United States
 
Posts: 3 since Aug 2010
Thanks Given: 2
Thanks Received: 0

Thanks DeadCatBouncer. I will look into that asap. I've been doing a lot of research on volume trading and have found some nice indicators. From what I've gathered though, the aren't all that effective in Forex, and I need to follow your advice and look into the proper markets for these indicators.

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  #1007 (permalink)
trader4sure
Texarkana, Texas United States
 
Posts: 1 since Aug 2010
Thanks Given: 0
Thanks Received: 0

I am a beginner....and just saying HELLO!! Hope to learn alot and at some point and time hope to give back what others give to me.
Thanks.
A Trader 4 Sure

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  #1008 (permalink)
 RRider 
Concord, MA
 
Experience: Advanced
Platform: Tradestation, Multicharts
Trading: es
Posts: 6 since Aug 2010
Thanks Given: 8
Thanks Received: 1

Hi Mike,

Thanks for the great site. I have traded the markets for many years. Have done some programming of indicators and systems in TradeStation, and am now looking to convert over to Multicharts.

Much of my focus has been on the Indexes, ie ES,NQ, and TF, but I am interested in working more with the curriencies, energy and food.

I am interested in building approaches that could be managed with less direct management, ie watching the screen 20 hours per day. This would take a team as I would want oversite at some level all the time.

Lookingf forward to working with others on this site.

RRider

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  #1009 (permalink)
tammyd549
vancouver, canada
 
Posts: 50 since Jul 2010
Thanks Given: 59
Thanks Received: 55


wgreenie View Post
Hi Tammy

There's a thread on Futures brokers:


Plus my experience as follows:

1. Interactive Brokers (IB)

You can trade both stocks and futures. US$10,000 to open an account. Poor customer service.

2. AMP Futures

I believe US$2,000 or US$2,500 to open an account. Trade futures only. $400 margin requirement for most futures. Reasonable commission fees (not the most economical). Free data from ZenFire.

3. Mirus Futures

US$2,500 to open an account. Trade futures only. $500 margin requirement for most futures. Commission fees less expensive than AMP (not substantial) and slightly more expensive than IB. Free data from ZenFire.

4. Global Futures

The broker did not honor his verbal offer on certain futures' commission fee + I do not like their trading platform. I only tried one though.

I'm using IB and Mirus. Based on my communication with AMP and Mirus, I've found the AMP rep was more responsive. Sincerely hope that the above may help. Good luck!

Beth



Thanks for the info Beth.

Have you had any experience with Lind Waldock?

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  #1010 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
Posts: 1,778 since Dec 2009
Thanks Given: 1,258
Thanks Received: 1,203



tammyd549 View Post
Thanks for the info Beth.

Have you had any experience with Lind Waldock?

You are most welcome Tammy. Have no experience with Lind Waldock.

If you're in no rush opening a Futures account, do more research first. Good luck!

Hey, you can even create a thread here to solicit more tips .. smile ..

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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