Serious Traders Group

[J_Smith]

Forming/recruiting a syndicate or something like that maybe?
The boss is the Gardener I guess, right?
Might be interessted as I'm currently a little bit undercapitalized and seeking an adventure a la Indiana Joe of finance or so...

Sorry I did not reply sooner, as I was trying out the software.

Any Gobshite with half a brain can see what the serious group is about - those with small minds and big mouths can not see beyond their noses

Time for bed, as some more gardening tomorrow, then back to the software tomorrow evening - some busy times ahead, so you might not see as much of me - but have no fear, I will not let ye get bored talking shite to each other

J_S

 

[marsman]

Time for bed, as some more gardening tomorrow, then back to the software tomorrow evening - some busy times ahead, so you might not see as much of me - but have no fear, I will not let ye get bored talking shite to each other

Rest in Peace, RIP!

 

[kmiklas]

No FX traders please

Why not?

 

[SunTrader]

Price does not move linearly - even on a line chart.

So why look at a bell curve or MP?

 

[J_Smith]

Why not?

To be honest, I think that there is a big difference between FX trading and stock/futures trading - so, having different people chatting about both will not be of any real benefit to anyone - but, I might be completely wrong of course?

J_S

 

[kmiklas]

To be honest, I think that there is a big difference between FX trading and stock/futures trading - so, having different people chatting about both will not be of any real benefit to anyone - but, I might be completely wrong of course?

J_S

I am relatively new to trading, and am encountering this sentiment not just here, but from brokers, traders, and others in the field. Can you explain further? Is Forex a second-class citizen?

I was on the phone with my broker last week, and inquired about trading Forex. He said, "Forex?" with a little stank on the word, if you know what I mean.

No FX traders please - any other market is welcome - stocks, commodities, options, futures, bonds - or, the usual suspects!

Another example, I asked in another part of the forum, "What is a Dope Sheet." I got this response:

It's when you sign up for a Forex account, your name is added to this sheet.

LOL

http://www.elitetrader.com/et/index.php?threads/what-is-a-dope-sheet.301255/#post-4305493

 

[J_Smith]

I am relatively new to trading, and am encountering this sentiment not just here, but from brokers, traders, and others in the field. Can you explain further? Is Forex a second-class citizen?

For example, I asked in another part of the forum, "What is a Dope Sheet." I got this response:


http://www.elitetrader.com/et/index.php?threads/what-is-a-dope-sheet.301255/#post-4305493

I suppose it might be due to the fact that many newbies open an FX account with $500, or less, and think they are going to make money trading, which is ridiculous.

Nothing wrong with FX if you have plenty of money and learn the nuances of FX trading, which are different to stock and futures trading.

It is said that "a chart is a chart", but it is what moves price on the chart is what matters most when trading, not just the price moving.

That said, once you manage risk (very small at first) and stay at it, then it should be possible to learn what is required to trade any market - it just becomes a matter of time (experience) and dedication (learning).

J_S

 

[J_Smith]

2 nights and nearly there - real late one last night!

I am expecting to have this software working live with TWS for next week.

Will be testing out all the buttons first in TWS Hold Orders mode when REAL mode is working, to make sure everything is sending and adjusting as intended, and no freezing with the API, as the software was developed for an old version of TWS API - ver 6 or 7 I think?

If anyone knows of a similar product to this for IB TWS, please let me know, as if issues arise with this old software, it is not going to be easy to sort them out, as explained by some programmers.

J_S

 

[kmiklas]

I suppose it might be due to the fact that many newbies open an FX account with $500, or less, and think they are going to make money trading, which is ridiculous

Ah, but what if they leverage that $500 up a hundred-fold? Then they've got 50K working for them!

 

[J_Smith]

Ah, but what if they leverage that $500 up a hundred-fold? Then they've got 50K working for them!

Leverage is fine once used correctly - meaning you are in total control and do not put a large % of your actual trading capital at risk.

As for the $500 accounts, why do you think they are available

J_S