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How do i get into day trading?

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5:47 am
August 3, 2013


JHONTY FX

Member

posts 27

no classes to "become" a trader, but there are classes to learn certain things (they mostly blow – don't waste your time)

long shot – try to get a job and a company will train you. Without experience though, the chances of them hiring you is maybe 0

The real path is learning on your own. Paying anyone won't do it because if they were good they have so much money they don't need yours (true in 99.9% of cases).

The only way is the hard way. Grab education about the markets wherever you can, learn from your mistakes, observe, try and fail, etc.

DO NOT PUT MONEY IN A SCOTTRADE ACCOUNT AND START PLAYING WITH THE BUY AND SELL BUTTONS. PAPER TRADE UNTIL THERE IS A 100% CHANCE YOU CAN CONSISTENTLY BEAT THE MARKET (or throw in chump change you can spare like $50 – would only work with spread-based commissions like forex though), AND GO BACK TO PAPER TRADING AS THAT SOMETIMES WILL NO LONGER BE TRUE.

AND YOU CAN TRADE FOREX, FUTURES, AND OTHER INSTRUMENTS WITH LESS RESTRICTIONS.

1. Learn. Start at places like investopedia.com tutorials.
2. Learn
3. Learn
4. Paper trade
5. Risk management
6. Learn more
7. Fail, figure out where you went wrong, start over.

Along the way you will realize if it's for you or not.

And the secret: listen to everything people say, and nothing at the same time. 😉

I trade the Euro intraday. Most traders won't spend a lot of time helping you (I feel like I have to give something back to the traders that helped me – it's a really annoying quality to have) – and I sure won't. Even if anyone does, any improvement you make has to come from within (so look for information, not advice).

Sorry by the way start at investopedia.com/tutorials and start searching for good books on technicals or fundamentals, brokers, etc. Whatever suits you.

Getting help from a discount broker……… 🙁 I can't believe what I read here. Try elitetrader.com it's not great but better.

12:13 am
August 2, 2014


Jamal Mia

Member

posts 42

To become successful from Forex trading, we all have to learn it properly before investing our own capital. So many ways to learn trading. Doing demo account, reading books or articles, watching learning videos,  getting help from senior / expert traders, we can learn trade so easily. But success will be then when can make this business as our profession and can be skilled and experienced enough. For a right broker, OctaFX is always best and most preferable to me.

2:54 pm
August 20, 2014


Muhammad Perkins

Member

posts 39

Knowledge, experience and learning are the mother of success so if we get good in that department than we can be assure of getting great results and also rememeber that its not possible to succeed unless we hard work so we should always be ready give it all as only than we would be able to achieve what we have desired.

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