Quote from austinp:
No online forum period, including but not limited to ET will ever teach anyone the basics on how to trade. Here's why:
#1: Newbie has no idea where to begin. Scalping? Position trading? Buy & hold? SCT? SPM? FX? XYZ?
#2: Newbie has no idea how to self-teach.
School of hard knocks, aka trial & error will eventually work. Just know that you better pull a big wallet out for that one, as the months & years roll by while stuck in the mud.
#4: Newbies will seldom develop an overall approach with an edge AND MOST IMPORTANTLY learn to manage themselves, the biggest block of our learning curve by far.
Trying to self-learn where to start, how to hone an approach, how to manage it thru all three separate market trends (up, down and sideways) while learning to manage all inner emotions is a herculean task. Good luck with that.
As for finding a base core approach here, maybe it exists. Best of luck with that.
This profession is hard, damn hard to master. I know two ES traders that push 100-lot or bigger size and make six - seven figures annually. Both of them admit it took about ten years from their beginning to consistent success trading with size.
One thing I know for an absolute fact: gleaning a couple tidbits here from ET and then reading a few books ain't preparing anyone for anything except consistent donation to pro traders' accounts. No one has to spend a dime purchasing education from anyone else... but everyone will most assuredly pay for their knowledge from the market herself.
Beware of those price tags on that. It is by far the steepest cost of all. [/B]