I Know Absolutely Nothing About Day Trading...Where Should I Start?

[member]

Quote from Shiela Garner:

I've bought numerous courses on trading and Forex. Some on stocks and commodities and some of the older ones that are not Forex specific are the best. People think there is something unique about trading Forex but in general what works in trading works in any market.

The one that really helped me start seeing real profit and enabled me to finally quit my job was actually Trading Mastermind Forex course by Scott Shubert. Most people are not into doing what really works but thats good. The course used to be on forextradingseminar but I think its closed. I saw on a video that if you scroll down there is a button to get in but I don't know if its still there.

good luck recruiting...

 

[Handle123]

Most people get it wrong to start and thats why they lose. I been studying/trading the markets since late 70's. Best way IMO is learn slow and trade much longer term stocks, trade Price Action, risk little and try to get 10 times risk as a min unless Price Action shows a change. If you can't find ways of changing, means you need to study that area more.

After being profitable at least three years of at least couple hundred percent a year, reduce timeframe to trading swings, being in the market 1-6 days, when you get segment into couple hundred percent a year, now drop down to day trading intraday bars. By now you will have increased you account, have good solid performance and memorized price action to know quickly what to do while in a trade.

Too often today's day trader has no skills and he is going up against computerized trading programs, HFT, large brokerages, larger traders, med size traders, and they become the small trader who is almost always under capitalized.

How many years do you want to cut off your life? The nig money is and always has been long term trading, takes much less time and reward to risk always the very best. You don't have to be right 65% to make money.

Find a different day job and trade long term.

 

[PHOENIX TRADING]

Quote from H

After being profitable at least three years of at least couple hundred percent a year,[/B]

 

[oilfxpro]

Quote from Shiela Garner:

I've bought numerous courses on trading and Forex. Some on stocks and commodities and some of the older ones that are not Forex specific are the best. People think there is something unique about trading Forex but in general what works in trading works in any market.

The one that really helped me start seeing real profit and enabled me to finally quit my job was actually Trading Mastermind Forex course by Scott Shubert. Most people are not into doing what really works but thats good. The course used to be on forextradingseminar but I think its closed. I saw on a video that if you scroll down there is a button to get in but I don't know if its still there.

Will buying courses from failures/trading actors give me the edge?I don't think so.common sense!

 

[southbeach4me]

Quote from Shiela Garner:

I've bought numerous courses on trading and Forex. Some on stocks and commodities and some of the older ones that are not Forex specific are the best. People think there is something unique about trading Forex but in general what works in trading works in any market.

The one that really helped me start seeing real profit and enabled me to finally quit my job was actually Trading Mastermind Forex course by Scott Shubert. Most people are not into doing what really works but thats good. The course used to be on forextradingseminar but I think its closed. I saw on a video that if you scroll down there is a button to get in but I don't know if its still there.

SPAM ALERT !!!!!!!!!!

 

[peleus]

Looking ahead next year to tackle day trading. Can someone else please post a video tutorial just to get someone started here?

 

[Tsing Tao]

All you need to know about trading:

 

[trade4love]

Is Day Trading worth it?

Absolutely. Everyone who daytrades is a millionaire. It might take you a few months, but you'll be filthy rich shortly.

Where should I start my education in day trading? Are there any books you would recommend...etc?

You don't need books. Just fund your account and start trading. Easy money.

How long will it take me to get good at it?

Probably a couple weeks at a minimum.

How much money should I start out with?

$1000 should be plenty sufficient. If you can double your account every day (pretty easy imo), you'll be a millionaire in under a month.

Do I have to do it everyday to start off with?

Not at all. I trade 15 minutes a day three days a week. Daytrading is the easiest job ever! I refer to the markets as my 'broken ATM machine'. You just show up and the markets spit cash at you. It's really lovely.

Good luck with your endeavour. See you at the top!

I think I just sharted from laughter... :eek: