Goto page 1, 2  Next View previous topic :: View next topic  
sting266
Flush


Joined: 15 Dec 2006
Posts: 622
Location: Stevenage

PostPosted: Sun Mar 20, 2011 10:56 pm
View user's profile Send private message Add User to Ignore List Reply with quote
Has anyone tried it? What's the best site/software to get started with?

I'm working a 9-5 at the moment so is there a site I can stick 50 on & have a go at trading the US/Asian markets in the evening? Just so I can get an idea of whether I could even consider it as a future job.

Thanks in advance.
BugsBunny
Legend


Joined: 07 Apr 2007
Posts: 4301
Location: Swing trading rock star!

PostPosted: Mon Mar 21, 2011 11:22 am
View user's profile Send private message Add User to Ignore List Reply with quote
I'd just google it and have a look around. You don't even need to stick 50 on as you can trade with virtual money yet it's still a good test as it's based on real exchanges etc

I used to trade with virtual money to see what it was like but forget the name of the software and not sure which is best. Just have a look around IMO.

It's extremely tough to find an edge though IMO
gandalf55
Wizard


Joined: 28 Jun 2006
Posts: 2552
Location: London

PostPosted: Mon Mar 21, 2011 5:53 pm
View user's profile Send private message Add User to Ignore List Reply with quote
I did a lot of research and paper trading on the FOREX markets early last year. Lots of money to be made, but easy to lose lots as well. Many parties believe the big players (banks,etc) can manipulate the market too much.
_________________
I'narr en gothrim glinuva nuin I'anor

Gurth gothrim Tel'Quessir
The Reverend
In Rhythm


Joined: 27 Aug 2004
Posts: 6192
Location: In Rhythm

PostPosted: Mon Mar 21, 2011 9:40 pm
View user's profile Send private message Add User to Ignore List Reply with quote
gandalf55 wrote:
Lots of money to be made, but easy to lose lots as well. Many parties believe the big players (banks,etc) can manipulate the market too much.


Not only can they manipulate, a lot of it is done with the aid of computer programs, pretty much to exclude human interaction I believe, ergo no tilt and mistakes made are tiny. You need to be an absolute expert (i.e industry insider) in a certain field to compete IMO. A better use of your time:


Link
gandalf55
Wizard


Joined: 28 Jun 2006
Posts: 2552
Location: London

PostPosted: Mon Mar 21, 2011 9:47 pm
View user's profile Send private message Add User to Ignore List Reply with quote
The Reverend wrote:
gandalf55 wrote:
Lots of money to be made, but easy to lose lots as well. Many parties believe the big players (banks,etc) can manipulate the market too much.


Not only can they manipulate, a lot of it is done with the aid of computer programs, pretty much to exclude human interaction I believe, ergo no tilt and mistakes made are tiny. You need to be an absolute expert (i.e industry insider) in a certain field to compete IMO. A better use of your time:



I came to pretty much the same conclusion so decided not to get involved.
_________________
I'narr en gothrim glinuva nuin I'anor

Gurth gothrim Tel'Quessir
BugsBunny
Legend


Joined: 07 Apr 2007
Posts: 4301
Location: Swing trading rock star!

PostPosted: Tue Mar 22, 2011 11:51 pm
View user's profile Send private message Add User to Ignore List Reply with quote
Great song. Hearts REM
cottlad
Straight Flush


Joined: 30 Jun 2007
Posts: 2674
Location: East Yorks

PostPosted: Sun Jan 26, 2014 5:01 pm
View user's profile Send private message Add User to Ignore List Reply with quote
Just opened a City Index account and slung a few bob in as play money for now. I've tried immersing myself in tutorials etc to try and get a grip but there's soooooo much to learn. Am wondering just how much expert advice is actually too much. Am going to try spread betting the main markets ftse/dow/Nikkei etc as well as a few forays into FX. I also have my eye on a few companies I want to short for the near/mid term.
It seems like I'm going into this half cocked so have made my deposit small enough not to matter. Playing micro stakes for the time being just to see how it all works. Am sure that doing will be a better way of learning than looking even though a little costly.
Saying that, if anyone already plays the markets wants to offer some advice or point me in the direction of some must read literature/vids, I'm all ears.

I fully expect to become UK's answer to Warren Buffet before year end Very Happy
_________________
Fortune favours only the prepared mind!
http://cottlad.blogspot.com/
Indestructible
Royal Flush


Joined: 21 May 2005
Posts: 15760
Location: Final Table

PostPosted: Sun Jan 26, 2014 5:58 pm
View user's profile Send private message Add User to Ignore List Reply with quote
I am not in to day trading, but I am lumping on Ladbrokes shares tomorrow. Cool
cottlad
Straight Flush


Joined: 30 Jun 2007
Posts: 2674
Location: East Yorks

PostPosted: Sun Jan 26, 2014 6:01 pm
View user's profile Send private message Add User to Ignore List Reply with quote
Why that Indy?
_________________
Fortune favours only the prepared mind!
http://cottlad.blogspot.com/
Indestructible
Royal Flush


Joined: 21 May 2005
Posts: 15760
Location: Final Table

PostPosted: Sun Jan 26, 2014 6:03 pm
View user's profile Send private message Add User to Ignore List Reply with quote
I would love to give some really good well through out reasons, but I can't. Just gut feel which isn't the best route to financial success.
Indestructible
Royal Flush


Joined: 21 May 2005
Posts: 15760
Location: Final Table

PostPosted: Mon Jan 27, 2014 7:43 pm
View user's profile Send private message Add User to Ignore List Reply with quote
Had a good start to the day but then market dipped Sad
cottlad
Straight Flush


Joined: 30 Jun 2007
Posts: 2674
Location: East Yorks

PostPosted: Mon Jan 27, 2014 9:30 pm
View user's profile Send private message Add User to Ignore List Reply with quote
Bollinger Bands, Candlesticks, Dojis, Shooting Stars, MACD's.... my heads a shed! And my wallet feels lighter Confused Think I've learnt how some stuff works but not why...... Variance in poker??? LMAO!! Mr. Green
_________________
Fortune favours only the prepared mind!
http://cottlad.blogspot.com/
The Reverend
In Rhythm


Joined: 27 Aug 2004
Posts: 6192
Location: In Rhythm

PostPosted: Tue Jan 28, 2014 8:38 pm
View user's profile Send private message Add User to Ignore List Reply with quote
The Reverend wrote:
A better use of your time:


Link


I just got it.
Indestructible
Royal Flush


Joined: 21 May 2005
Posts: 15760
Location: Final Table

PostPosted: Wed Jan 29, 2014 6:37 pm
View user's profile Send private message Add User to Ignore List Reply with quote
Well this is going well....not Sad
cottlad
Straight Flush


Joined: 30 Jun 2007
Posts: 2674
Location: East Yorks

PostPosted: Wed Jan 29, 2014 8:36 pm
View user's profile Send private message Add User to Ignore List Reply with quote
Last 4 days I've made 76 trades Shocked
35 winners
40 losers
1 no score draw
Biggest winner 35.80
Biggest loser 20.00

Trades for reason I'm probably doing OK but it's so easy to shoot from the hip and gamble. Must stop that.

Started 200
Current total 186 Confused
Confidence level 3/10
_________________
Fortune favours only the prepared mind!
http://cottlad.blogspot.com/
Display posts from previous:   
Post new topic   Reply to topic    Hendon Mob Forum Index -> Non-Poker General Forum All times are GMT
Goto page 1, 2  Next
Page 1 of 2

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum