Thank you all for all this. Advice galore really!
First of all I need to dispel a wrong impression: I do not start trading from scratch, like it would be an off the wall idea.
I was a FX trader from 1980 to 2002, so 22 years in a pretty wild market. I thereafter switched to consulting (until my retirement last month) as the FX market had changed and there was more money for me in the consulting business. During the last 10 years or so, I was too busy to do much trading and had lost any incentive to do so anyway.
I am getting back in it as it is something I have done in the past and I need basic information from those of you who know the markets I mentioned.
What I donât need (no disrespect here, just a fact) is mentoring offers or patronizing advice.
That being said, thanks again for the pearls of advice I found interspersed in quite a bit of BS. I canât name all those who came up with valuable remarks. I trust the others will easily recognize themselves, as they probably know deep inside that theyâre clueless on the topic and try to compensate by pompous pronouncements.
The one I must thank is NoDoji, who really sent very valuable advice, through PM.
As to the âedgeâ that a few seem to think they have, I wonder what it is really. My 22 years of experience on FX have taught me that (Iâm trying not to sound pompous hereâ¦) on a commoditized market such as FX (and I think it applies to ES, CL, GC etcâ¦), the only âedgeâ you can have is either market power-youâre big enough to move he market, be it for a few moments only- or order flow, youâre big enough to have customer orders that can move the market, be it for a few moments (and you're happy front running them).
Quite frankly, and with all due respect, I donât think the players who have this kind of edge post on ET.
Apologies for not being what I appeared to be, but I am sure as traders you all know that in markets, what you see is not always what you get.
Again, GLTA!
TJ
First of all I need to dispel a wrong impression: I do not start trading from scratch, like it would be an off the wall idea.
I was a FX trader from 1980 to 2002, so 22 years in a pretty wild market. I thereafter switched to consulting (until my retirement last month) as the FX market had changed and there was more money for me in the consulting business. During the last 10 years or so, I was too busy to do much trading and had lost any incentive to do so anyway.
I am getting back in it as it is something I have done in the past and I need basic information from those of you who know the markets I mentioned.
What I donât need (no disrespect here, just a fact) is mentoring offers or patronizing advice.
That being said, thanks again for the pearls of advice I found interspersed in quite a bit of BS. I canât name all those who came up with valuable remarks. I trust the others will easily recognize themselves, as they probably know deep inside that theyâre clueless on the topic and try to compensate by pompous pronouncements.
The one I must thank is NoDoji, who really sent very valuable advice, through PM.
As to the âedgeâ that a few seem to think they have, I wonder what it is really. My 22 years of experience on FX have taught me that (Iâm trying not to sound pompous hereâ¦) on a commoditized market such as FX (and I think it applies to ES, CL, GC etcâ¦), the only âedgeâ you can have is either market power-youâre big enough to move he market, be it for a few moments only- or order flow, youâre big enough to have customer orders that can move the market, be it for a few moments (and you're happy front running them).
Quite frankly, and with all due respect, I donât think the players who have this kind of edge post on ET.
Apologies for not being what I appeared to be, but I am sure as traders you all know that in markets, what you see is not always what you get.
Again, GLTA!
TJ
