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Detonator, I did it on my own. I had nobody lead me by the hand through the process. Actually, kind of funny, but what got me interested in futures in the first place was a mailing I received from Ken Roberts, selling his snake oil. After mulling it over for several weeks, I decided to spend the...

Freddie: I have twelve years of futures trading under my belt: Here's my suggestions: 1) Read whatever you can get your hands on regarding trading, technical analysis. 2) Learn how to read a chart like reading a book. 3) Develop your OWN opinions on market direction based upon your chart...

This is probably a more complex question than meets the eye initially. I've traded for over a decade and read probably 75 books on the subject, and looking back, I think many books were innapropriate reading for the particular stage I was in. For example, someone suggested Market Wizards...

I don't necessarily see this as a scam attempt. I know many traders who are successful who eventually teach and mentor students. Trading can be a lonely business, and mentoring gives much needed human contact. Sure, 5K is a lot of money, but so is telling a newbie to read a few books, paper...

Hi, I have a 14 year old son whom I would like to present a few beginner books on the stock and futures market. I am not sure what has been written on these subjects that would be entertaining enough to hold a teen's interest and make him want to know more when he's done. Has anybody found...

I agree with the poster above. Indicators, for the most part, are worthless. I certainly won't enter a trade based upon them. The words "overbought" and "oversold" are pure nonsense - the only way to know if a market is overbought is if buyers fizzle out at current price levels and no indicator...

I definitely think higher resolutions are the way to go if your eyes are good enough to view the small characters. With lower resolutions, your eyes have to work harder to grasp the full picture by continuing to scan the peripherals of your central focus. I personally use 1600x1200 on two...

CalTrader, Fair enough. You are obviously referring to enterprise solutions while I, the "small dollar" projects. My willingness to go after the small dollar project is probably what has earned me a great living these last 11 years. The liability risk is much less to boot. The number of...

I find it amazing that programming as a whole has been so readily outsourced to overseas vendors. Certainly much of software development is mundane, everyday stuff, but a lot of software, especially commercial products, contain company trade secrets and/or use proprietory algorithms. Most of...

I've been in the software industry for 20 years, the last 11 being an independent software developer. The last 3 years have been tough for software developers, but I was more busy than ever plus I am way more expensive than what the unemployed developers would work for. Why? Well, I know I'm...

If I had to do it all again: B.S. in Computer Science or Management Information Systems, with a minor in Psychology, followed immediately with an M.B.A. from the hardest school I could get into. Why? An M.I.S. background gives you the skills to analyze data, plus the programming background...

If I had to do it all again: B.S. in Computer Science or Management Information Systems, with a minor in Psychology, followed immediately with an M.B.A. from the hardest school I could get into. Why? An M.I.S. background gives you the skills to analyze data, plus the programming background...

I tend to agree with one analysts' prognosis of the US market that we are not living in the POST bubble market, because the bubble has not completely popped yet! Even though long term I see worse days for the stock market, let's not forget two strong influences: (1) several market cycles...

As an indenpendent software developer by profession (20 years), I've often asked myself this question (if I had to do it over again).. The honest answer is that there really is no right or wrong way to go. - it all depends on what you want to do with your skills. With much of the everyday...

It's called "Schwager on Futures: Technical Analysis". One of the few books I recommend. I am normally very leary of full-time authors, especially the ones that spend their lives doing seminars around the country selling their stuff, like the "Jake and Larry" show. I do recommend ANY book...

Sorry, not a Pring fan here. I've always considered John J. Murphy's book "Technical Analysis of the Futures Markets" to be the definitive standard of technical analysis books. I also found Schwager's Technical Analysis book to be unique in that it builds in testing of your knowledge by...

From a technical purist point of view (which I'm not), the ascending triangle most likely will produce an upside breakout. However, there are a lot of traders who just luuuuuuv to wait for sheep to jump in a trade based upon common technical knowledge, and fade it. They make their money when the...

Absolutely, $10K is a MINIMUM for even thinking about trading the ES. Call this the "shoestring" amount. In my years of actively trading (11) futures though, I have met only a handful of independent traders who actually survive more than 3 or 4 years. No, I don't mean they blow out their...

Pete, took a look at the daily chart of ESM3. Since the middle of March, by standard technical analysis, one can say that the market is in an uptrend, or at least producing an ascending triangle pattern. But looking closely at the chart, you can determine that the mean price over the course of...

Trader Pete, you make valid points, but in today's market conditions, where the stock market, thus the indices, are stuck in a trading range, what are the chances of a big, sustained move in any direction? If you lose 3 $1000 trades in a row trying to trade a non-trending market, desperation may...