Welcome to the FF Fly Trap Newb... you've just been caught and you're not allowed to leave until you have actively read and participated in this thread for at least a year!!!
In this thread we are going to methodically disect what it means to be a trader, how to set goals and expectations that will lend itself to good trading. We're going to debunk myths about trading and help you build a solid foundation to move forward from.
This is a Forex Vacination: It's gonna hurt, you may not want it, you may not believe it, but deep down you know its good for you...
Often on a board the more experienced focus on telling people what they can't do or why something won't work... A lot of that is going to happen here as well, but I'll try to balance it out with what you CAN do in a resonable system that is built for the long haul.
Do NOT come into this thread and tell me something can be done unless you have several years of actual proof and can also prove that those results are typical and not unusual.
I encourage all questions, but I'm not going to spoon feed you... I will help point in the direction of knowledge becaus on that path there is mucho learning. If you ask me what is a good average expectation for return, I'm going to send you off to Barclays to do some digging... If you spend time there you will learn much more than what the averaged FX CTA is returning in a year.
I also encourage all knowlegable traders to chime in with there own knowledge, but again, make sure its grounded... If somethings off, I will be calling you out on it and will be asking for proof.
Lets get started...
In this thread we are going to methodically disect what it means to be a trader, how to set goals and expectations that will lend itself to good trading. We're going to debunk myths about trading and help you build a solid foundation to move forward from.
This is a Forex Vacination: It's gonna hurt, you may not want it, you may not believe it, but deep down you know its good for you...
Often on a board the more experienced focus on telling people what they can't do or why something won't work... A lot of that is going to happen here as well, but I'll try to balance it out with what you CAN do in a resonable system that is built for the long haul.
Do NOT come into this thread and tell me something can be done unless you have several years of actual proof and can also prove that those results are typical and not unusual.
I encourage all questions, but I'm not going to spoon feed you... I will help point in the direction of knowledge becaus on that path there is mucho learning. If you ask me what is a good average expectation for return, I'm going to send you off to Barclays to do some digging... If you spend time there you will learn much more than what the averaged FX CTA is returning in a year.
I also encourage all knowlegable traders to chime in with there own knowledge, but again, make sure its grounded... If somethings off, I will be calling you out on it and will be asking for proof.
Lets get started...
Trade Small. Be Patient. Learn to Survive.