Questions

How to start Trading?

Hi Guys n Girls, I am looking at becomming Trader and have no experience what so ever I have a a couple of books from Alexander Elder which I am about to start reading but I was wondering if anyone could tell me exactly where I should start as a complete Novice? My Sis ter trades FX but I have been told this not a good place to start for a beginner your help would be greatly appreciated. Is there any education I should have before starting?

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I wouldn't even begin to think about programming tradestation or back-testing at this point. You need to get a solid foundation of trading knoweledge in technical analysis, screening strategies, and trade psychology. I would recommend checking out The Marketclub Traders Blog Trending123.com and my blog: TheTradeDetective.com

Quoted from FlexUK
Hi Guys n Girls, I am looking at becomming Trader and have no experience what so ever I have a a couple of books from Alexander Elder which I am about to start reading but I was wondering if anyone could tell me exactly where I should start as a complete Novice? My Sis ter trades FX but I have been told this not a good place to start for a beginner your help would be greatly appreciated. Is there any education I should have before starting?

Learn to program in Tradestation, WealthLab, or some other back-test software and test your ideas. Discretionary trading will take 2-3 years of solid screen time or longer.


Quoted from FlexUK
Hi Guys n Girls, I am looking at becomming Trader and have no experience what so ever I have a a couple of books from Alexander Elder which I am about to start reading but I was wondering if anyone could tell me exactly where I should start as a complete Novice? My Sis ter trades FX but I have been told this not a good place to start for a beginner your help would be greatly appreciated. Is there any education I should have before starting?

I'm with you on this one. Being surrounded by people who are into trading starts to rub off. So I've been watching some of the videos our members have been posting. A few are quite entertaining, but I'm still trying to understand how to read the charts. I learn better by example than putting my nose in a book. So you try browsing the video section here. There's some good stuff posted.

        

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