I'm new and I want to trade for a living.

[drownpruf]

Hi Newguy.

You can trade a variety of markets. If your looking for weekends and or evenings you basically looking at Sunday night about post 6 PM ET. Mostly futures and forex. The leverage is great but it cuts both ways. If you want to do Nadex you can check out the forex pairs on sunday night they have binaries with expirations every hour on some instruments and spreads on every instrument.

Most people from what i have seen when commenting on nadex don't understand the product. They think you hold till expiration not understanding you can exit. They don't know they have spreads. They don't konw you can do high probability ITM binaries and manage the risk. OR high payout OTM binaries and have no stop loss. Also the pricing model is a mystery to most but its just a delta of a call options with same strike expiration.

I trade them regularly if you have questions let me know will be glad to help if i can.

Then you probably know that the Nadex binaries are simply synthetic vanilla verticals that are poorly priced.

 

[dealmaker]

video link does not work?

Sorry! Its still on YouTube, title is "Why Most Share Traders Fail". It examines 4 books and delves into the reasons why. It highlights the
10k hour rule brought forth by Malcolm Gladwell. It was from Sydney traders meet and the author of the two videos goes by the handle of
abender777. Its two videos. Hope this helps.

 

[jackieo79]

Cool I found part 2. I guess i need to contract him for part one. Will do do thanks for the help.

Sorry! Its still on YouTube, title is "Why Most Share Traders Fail". It examines 4 books and delves into the reasons why. It highlights the
10k hour rule brought forth by Malcolm Gladwell. It was from Sydney traders meet and the author of the two videos goes by the handle of
abender777. Its two videos. Hope this helps.

 

[jackieo79]

Similar pricing models yes you won me over on that... poorly priced?...well we debated that over here just avoid either us having to double post any more than we already have... http://www.elitetrader.com/vb/showthread.php?t=281824&page=11

Then you probably know that the Nadex binaries are simply synthetic vanilla verticals that are poorly priced.

 

[Butterball]

Please help me I have a family to feed

http://www.wendys.com/en-us/careers

 

[blakpacman]

"good luck"
http://www.youtube.com/watch?v=7evWkcW-kag

 

[blakpacman]

If You will start trading in commodity market then you will get good returns on your investment. Commodity is one of the best source to earn money. You can start trading with help of commodity advisory company. Then You have maximum chances to earn lot of profit on small investment.
Best Regards,
Gurleen Singh

Says the guy who never traded a day in his life.

It's actually extremely difficult to become a trader who can support himself purely from speculating in the markets. Your chances of getting into a non-Carribean medical school is probably 10 times better than becoming a successful trader.

From what you've stated, here's my advice: Don't.
please understand what you are getting yourself in to before you turn out like most people here, who probably would have been better off investing their time in other pursuits.

Agree. Keep the job. Trying trading a few years, but with a hard time limit. If doesn't work for you, you have to know when to give up rather than persist in a foolhardy manner that creates no good consistent result.