Best strategies to start trading

farmerjohn1324 said:
In trading.
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high returns with low risk is low probability in financial markets trading.

you may get around this by trading very small but if you do that, how will you get high returns.

i have been a market watcher and trader for 30 years and it is my experience that i have never come across any trader who has been making high returns over a long period of time.

i make high returns when i trade but i have blown over 100 accounts in my life.

so i am speaking from experience. but it is my experience;others may have had other experiences.but i have not seen anyone coming out in public with that
 
padutrader said:
high returns with low risk is low probability in financial markets trading.

you may get around this by trading very small but if you do that, how will you get high returns.

i have been a market watcher and trader for 30 years and it is my experience that i have never come across any trader who has been making high returns over a long period of time.

i make high returns when i trade but i have blown over 100 accounts in my life.

so i am speaking from experience. but it is my experience;others may have had other experiences.but i have not seen anyone coming out in public with that
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Well there's people like George Soros who made billions even without leveraging.

Also one time there was a kid working at a club with a Ferrari. He showed me the keys and told me he traded Forex. I have no reason not to believe him. He was about 28 years old I would guess.

And there's probably 1000s more who at least make enough to call it their job. So I'm sure it can be done.
 
this is my advice.
since trading entry is low cost and i presume you have a lot of time, and some capital,you could get some added returns with low risk.not large returns but you do not need that and you do not need to take high risk because you are already successful.

but you will have to work at learning and you will have to spend a lot of that free time to study and see what works for you.

why i like trading is because you can trade alone.

success depends upon you working it all out.

not on some employees who may cheat you by not working.

also no government licences:in my country to open a restaurant you need approval from 16 government departments and you will need to survive random inspections at any time on ongoing basis throught out the life of the business.this is a huge hidden cost due to nature of human beings who are prone to power abuse
 
padutrader said:
this is my advice.
since trading entry is low cost and i presume you have a lot of time, and some capital,you could get some added returns with low risk.not large returns but you do not need that and you do not need to take high risk because you are already successful.

but you will have to work at learning and you will have to spend a lot of that free time to study and see what works for you.

why i like trading is because you can trade alone.

success depends upon you working it all out.

not on some employees who may cheat you by not working.

also no government licences:in my country to open a restaurant you need approval from 16 government departments and you will need to survive random inspections at any time on ongoing basis throught out the life of the business.this is a huge hidden cost due to nature of human beings who are prone to power abuse
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I actually don't have that much free time. I have at least 4 things that would take precedence over this at any given moment.

I don't think I could make myself stare at a computer all day.
 
padutrader said:
i was sure too 30 years ago.
that is why i started.
my losses in 30 years are over 300000usd.
Tiger Woods made billions with only a golf club
yes it can be done
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Is that your total profit is negative $300,000usd?

Or did you not add your wins to that?
 
farmerjohn1324 said:
I don't think I could make myself stare at a computer all day.
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you could trade daily charts.
you do learn a lot about the world and economy and improve overall as a human being. you may even make some money.
you are in business so you must across many companies and you will know who are good.
you could invest in them.
be an investor first.
 
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