Basic Setup

1.Take archipelago SPY ,IWM,QQQ
www.archieplago.com book ,it is free

2. As multiple errors expected take only 1% of risk
for each operation

Example capital 5500 $

ES bid 1 1226.50
stop loss 1225.50

risk 50$ + 5$ t.k = 55$ = 1% of capital
 
P.S.

Openecry need low downloading volume 1.55 MB .It
would more stable as all .net based /need 25 MB/
Onyx,Ninja,Infinity pro,CQG
and TM/8.4 MB/,SR /12.4MB/

But try arrange reserve http version .If your office/home
connection would crashed with http you can access
from Wireless LAN spot
from Mobile tel. providers
from University
from McDonald ,airport,railroad station &

http from REFCO is stable
 
Quote from coolweb:

Get a internet highly recommended broker,
Get quotetracker,
Get a cable modem/DSL.
Get a simulating software (ninja,zero,button),
Get lots of books,
Get Pen and paper for journal


Thats it
More...

Also, have a spare $20k-$30k that you are willing to burn away in your learning curve, plus a spare $20k which you won't touch during your learning curve but will use to start trading with when you start to become consistent...

Also have 2-3 years worth of living expenses available that will fund you through your learning curve... if you live cheap, that may mean another $30k on top of your learning curve funds and post-learning curve grubstake...

All in, $80k should take care of everything... if you go into this game undercapitalized, I guarantee that you will fail...

If you show strict discipline, trade small and have a bit of luck, then you may have a shot at making it through the 2-3 year learning curve without losing more than $30k...

Stick at it for 5 years, and you may even be able to make a decent living...
 
To candletrader --

spare 80k$ - it is decisive false

Important in how many parts can be capital divided

if can trade 0.01 $ Risk + 0.02 $ t.k. enough 1.2 $ start capital

Broadly offered t.k 4.5$ and broadly possible SL 1 point
for ES or 0.5 for ERT.

With 5.5 k$ and SL 1% operator would received full
experience about he's skill /read Rotella /
 
Sorry some error in posting before by typing
was trade 0.01 $ risk + 0.02$ t.k

must read trade 0.01 $risk + 0.002$ t.k

sorry ,Gentlemen
 
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