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Underlying currently trading at 12045. Ask price has gone up to 0.10. If today / tommorrow the index trades higher it can easily go up another notch, so that means I get a 11.11% return on my capital in less than a day? It can't be so simple.. or is it?

I plan on purchasing extremely cheep OTM warrants (american style) of the Spanish Index. Current price of the index is hovering around 12000-12100. The trend seems pretty bullish. I plan on buying 1000 euros worth of extremely cheap call warrants with a strike price of 14000 for the...

Excuse my ignorance. Could you please elaborate on how I calculate how many shares one should buy? I understand where you are going with the 1% risk per trade (hence $100). That is your determination of the risk you want to take per operation. Now what I don't understand is where you get /...

Ok. I am willing to put in the hard work and learn before jumping in and doing something stupid. I don't want to do anything impulsive, just to find out that I made a big mistake, start regretting my actions, and feeling that I should quit this field. Where can I learn the BASICS of...

For a guy that is starting out, do you people recommend to swing, position or day trade? I plan on risking part of my own savings. Currently 5000 euro. Instead of buying the stocks I'm going to concentrate on the options of the blue chip spanish stocks as well as on the whole index. (Atleast...

You see people, being a newb in this world is pretty aggravating. There's too much info, sometimes it makes things more complicated than what they should be. I really don't know how to proceed. Should I get to reading more abt trading? How do I actually START trading? With what tools, what...

Ok. so after starting a thread in this very forum titled "serious newbie in search of knowledge" I have gone ahead and educated myself a bit more in this field. My first impressions after researching much abt trading is that its a business based off the laws of probabilty. Where outcomes are...

Is this kind some kind of a lame troll attempt? I was merely expressing my interest in the subject at hand. Does that really make me a loser?

I just dont understand all the skepticism and negativity related to earning your monthly expenses out of trading.. ..is it that tough to make 3k-4k a month in the long run? Please note I am talking about doing so in 4-5 years time, not from the get-go. I believe that a good educational...

I visited the link you posted. However, they only deal in CFDs. And the free software for download is a 14-day trial version. Are you sure you can paper trade on their platform?

Thank you for your time and such a valuable list you have posted above. I am surprised though, you haven't included any of Alexander Elder's books. What is your (personal) view on them? I believe I shall start with what you call "introduction & context" books. I shall pick up one of those...

excuse me for my noobishness, but could you please elaborate?

Thank you all. I shall resort to building a trading library then, since it seems that all the books recommended would be useful to own and read for extending my knowledge. Regarding paper trading, are there NO simulator programmes that do not require a $US deposit in a brokerage account...

I agree. But rather taking the expensive step of learning (or to be more precise: gambling) at the expense of my own personal account, I prefer to study the markets and resort to reading and paper trading. Any good paper trading programmes / simulators that are synched with real time...

I most certainly agree. Anyways, of all the books listed on this thread: which should be my FIRST purchase. Kindly note I am a total newbie to this profession and the finance industry in general. I currently need a book that DOESNT focus on advanced tips and other minutia, but can...

Wow. Some really helpful people on this site as I can see! Anyways, just wanted to thank you for the advice. I plan on getting my degree and apply for some well paid job. I also am determined to keep away a substantial part of my salary which will be destined for trading (although I...

I would llike to know this as well. Could some of the pros please enlighten us?

Hello everybody. I am new to Elite Trader as well as to Trading in general. However, I have extreme interest, passion and determination to learn this profession. I follow the markets, the news, etc. and already have set up an account with a brokerage firm. I am also reading whatever...