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It is nice and comforting to hear that many people here completely disregard volume in analyzing price action. A quote from Steenbarger that touches on one of the facets of volume analysis: "What makes breakout trading so difficult for traders is that they look at price only - not at the...

foo, Sold it yet?

I received what I perceive a very good answer from a gentleman called Sarvise when I first asked for advice on this board. You will find it in this thread along with some other very good answers as well...

Why do you want to donate your money just like that?:) As I see it, you have two options: 1) Lose those $2500 as you most likely will. Then save up a new minimum stake of $2500 and lose them all over again. Perhaps you give up after the first or second time, or perhaps you spend the next...

foo, I bid you $50 + shipping:) $1000 is way above value. I have seen this book selling at $1000 for over a year now and I don`t think any have been sold yet.

I`m also looking for a copy of "Volume and Open Interest". I believe Ken sells the 1st edition of this book on his website, but I have not had any luck reaching him yet. You american guys could try calling him. There is no way I`m paying $1000 for it. Even though it probably is a great...

Why would any trader not want to have knowledge about economics? Sure, a good understanding of economics does not help a very short-term trader in terms of taking advantage of market imbalances, but it is still very cool to be understand the effect of new government policies, the FED...

How many books have you read this far? Let us know. You need to learn the proper knowledge and there is no easy way out. If you join a course, you will still need to learn the material they provide for you. They will also probably give you book recommendations for you to read. So...

Guys, I just finished reading this book this evening and recalling this thread I felt compelled to reply. There are many bad books that should never have been published and in my opinion this is one of them. At least if the price is taken into consideration. If the book costed 20$ I...

Thanks for posting. Is there more?:)

Get yourself a solid education. The markets will always be there and you can always start trading. It`s much harder to go back to school when you are older and perhaps have a wife, kids, loans, etc. I am not saying that trading fulltime is a bad ideal to strive for, but being as young...

Newbietoronto, With all respect, your questions indicate a complete lack of knowledge about the markets and the transactions being made in this arena. Do a search on the forums and see what recommendations other newbies have been given. You should start with reading some basic books...

No, I don`t intend to scalp the forex markets. If I were to do anything in forex it would be on a longer time frame like you guys are suggesting. I`m thinking that for scalping, the index futures would be much safer. Not saying that it is easy, but at least it is a better regulated...

I guess I am patient, but in some ways I feel that I`m taking the right approach so it really is not a problem. I want to become profitable as fast as possible and if staying away from the markets in order to do my homework is the fastest route then so be it:) I have not gotten a job...

Rangerdoc, Thanks for writing. Good stuff. Increasenow, No real money on the line yet. I will probably continue reading only until February. Then I will start observing the markets more actively and eventually start demotrading. I hope to start trading with real money in June. I...

You could always work 50% if that is an option.

...then why does it seem like a lot of guys here have emotional issues in excess? Let us prove each other wrong in the markets where the real battle is going on and don`t be overly concerned with bashing each other here on the forums at every opportunity. The frustration and anger along...

HolySpirit, I agree with everything you say, but I think you are misinterpretating me intentionally. I never said that knowledge of economics alone will make you a good trader. Perhaps it will be only 1% of the puzzle. Maybe not. Still, I think it is mandatory information both as a...

Greetings fellows, In the everlasting discussion of the validity of the technical approach it seems like the market efficiency hypothesis and the use of technical analysis negate each other. Academic theory suggest that markets are efficient and as a consequence all analysis is useless and...

Why am I hitting the books? A basic understanding of economics is in my opinion a minimum to operate in the financial arena. If you have no clue about the effect of intermarket relationships, effects of changes in interest rates both short-term/long-term, economic indicators...