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Yes, you can study for two years and know 'everything' about the market inside and out. But, the real learning starts when seemingly every trade you touch turns to shit; or you got some initial gains, but now your equity is slipping to your initial stake (or below), or every time you decide...

I don't believe longer time-frame trading is any easier in this regard, since instead of losing days you now will have losing weeks or months, since the trade durations are longer and thus you'll get fewer trades per week/month.

You already know the answer to your question. The only way to find out is to do it. Whatever obstacles you will face with your real account cannot be overcome with any further papertrading.

If your entries are half-decent on some momentum, you may want to look into splitting that 2% initial risk into two trades: take one off the table once its up 1% (so it equals the stop loss amount on the remaining trade) and then either set the other to breakeven or leave it as is. I use this...

ouch

I trend trade with pyramiding at fixed price increments along the trend. Each pyramid position has its own stop-loss level so that positions don't accumulate losses in retracement, and if the trend continues I re-enter stopped out positions. This has allowed me to realize 50-100% of capital...

lol you beat me to it

http://www.youtube.com/watch?v=WJRh0Xc0GPg&feature=related wow, is this amateur hour or what "do you think interest rates will stay where they are?" LOL

these questions about what is meaningful and exciting to do for a living come about because times are cushy and we live in a bloated economy, so people have the luxury of generally pursuing what is 'rewarding' to them during a depression these are not as pressing concerns as much as "how the...

The only thing long term charts (daily +) offer is that the spread (if that's what your broker charges) is less in relation to the movement of price. But with some pairs (eg eur/usd) the spread charged is so small that even 5min charts can be traded. The advantage with smaller time frames...

I occassionally run Tradestation on a a macbook 2ghz using vm fusion and it works great even in emulation mode, and even in their Unity mode (windows apps ontop of OS X without the WinXP desktop visible). A Macbook Pro with 2 gig ram would be well enough for this.

er2 is getting hammered....wow

Just keep in mind that backtesting shows a fixed 1 pt target with a 1 pt stop loss for a 15-min ORB strategy is a losing proposition (ER2 over last 4 years.) Therefore, the success you will get will be purely discretionary (taking small losses instead of the 1pt loss, sometimes letting your...

Yes, major in pure math at the undergrad level if you can.

You should open a real account at Oanda for say $1,000 and practice on that instead You may be developing bad habits trading a sim account since you know it's not real money

I suggest getting as high a degree as you can (at least a masters) in a hard quant field, or an MBA from a top school if you can get in You can study trading from books and the internet on your spare time during college, start with small accounts and try to grow them slowly

I use Tradestation via Parallels, and I don't notice any difference from when running TS on my native Windows machine If you use bootcamp, the speed should be virtually identical

http://europe.vault.com/nr/main_article_detail.jsp?article_id=9865422&cat_id=0&ht_type=1 http://europe.vault.com/nr/main_article_detail.jsp?article_id=23146519&cat_id=0&ht_type=1

That's kinda funny actually... I trade the er2 on an intraday trend basis, and I constructed my method to either take the original stop-out or trail at the retracement "waves" of the market. So up until yesterday I had about 15 losers in a row, and an open trade was 3 points in the money...

The problem with that is that if your trading plan is a 'living' thing you'll constantly make changes to it, and you will doubt it all the time. You'll start taking losses and revise your plan, only to take more losses while the original plan started pulling winners. Try taking 15 losses in a...