its not hard, just the hours sucked. Forex with oanda i'd trade 10pm est till about 3 am. Or just scale down and trade bigger moves. All in all forex sucks bc of the 24 hour market. Once u get some confidence and know you can start making money switch to futures. The hours aren't nearly as bad and schedule ur classes after 1240 pm if you can. Trade 930-1200 you should be ok. Party meet chicks whatever after 12pm.
Need a new idea
- Thread starter JDE13158
- Start date
You'll need to find an edge. Your dad makes money because he's got the pit/info/time edge. If you want to make a career out of trading on the screen, you'll need to find an applicable edge there. Very little edge available in retail spot forex, except for maybe a couple statistical arbs, and if you consider the carry trade an option (you will need huge capital to make any kind of real money). Btw, I'm 18 too going to college in the fall, good luck.
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http://themarkettruth.blogspot.com/
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http://themarkettruth.blogspot.com/
Exactly.
Funny how people will say "Don't have enough money to daytrade stocks? Open a forex account", or go trade corn contracts, as if they were one and the same. You might be able to eke out an edge if you're fast reading the tape and gauging the specialist/mm's on NYSE or nasdaq, but tick-reading is near impossible on currency futures and it certainly won't work on a broker "assisted" market like forex.
You're young, might as well try everything while you can but eventually pick a market you think you'd be interested in and learn it inside out.
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Thats a good laugh''broker assisted forex'';
and until you learn to trade, try to avoid leverage unless its OPM.
JD i dont know why so many of us traded too large[me too];
and blew up our accounts;
trading smaller =much cheaper education.
Interesting you parents dont want you trading during college;
probably right about it interfering with ed.
A wise son makes a glad father .-Solomon,trader king
Cause back then we know how to enjoy life. Kids these days, all they can think of is money. I remember then the challenge was how to get laid without having lots of money.
you don't need much money. you need to some how convince them you have money.
drive by a nice neighborhood & point out the house that's under construction & say.... they're behind schedule... so i have to crash at a buddy's place.
by the time she figures it out, you've already gotten what you wanted. and you should let go of that position
bam! take it up a notch!:eek:
drive by a nice neighborhood & point out the house that's under construction & say.... they're behind schedule... so i have to crash at a buddy's place.
by the time she figures it out, you've already gotten what you wanted. and you should let go of that position
bam! take it up a notch!:eek:
Quote from TakeAChance:
Cause back then we know how to enjoy life. Kids these days, all they can think of is money. I remember then the challenge was how to get laid without having lots of money.
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I appreciate your willingness to learn something new. So, try this new trading technology - âScenario Traderâ and if you succeed send a resume â Iâll see what we can doâ¦
It is available for download at gointernational.com. If you have any questions â send me e-mail.
Also, I invite highly experienced e-mini traders to have a look at this unique tool in order to get your valuable opinion.
Thanks