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Your Trading Experience

  • Poll

  • How many years of trading experience you have? (please be honest)
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  • #1
  • First Post: Dec 7, 2006 10:45pm Dec 7, 2006 10:45pm
I hear every now and again that there are almost no experienced traders among FF members. I was wondering if it's really correct. So please honestly select the group that you belong to.

BTW, by trading I mean trading (not investing in) forex, stock, bond, options, futures, and similar markets.
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  • #2
  • Dec 7, 2006 11:35pm Dec 7, 2006 11:35pm
really ? i never heard such a thing.define experince...not only how many years you spend on your computer screen or you paper chart.but how u absorb it and build something from it.my opinion.
  • #3
  • Dec 8, 2006 2:43am Dec 8, 2006 2:43am
Quoting aparsai
I hear every now and again that there are almost no experienced traders among FF members. I was wondering if it's really correct. So please honestly select the group that you belong to.

BTW, by trading I mean trading (not investing in) forex, stock, bond, options, futures, and similar markets.
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Seems like I am the one with most experience (I am VERY old....LOL)

That surprises me, I thought some of the bigger posters on this site would have had 10+ years experience (at least in stocks, bond, options, and`futures)
  • #4
  • Dec 8, 2006 10:30am Dec 8, 2006 10:30am
Quoting parlenk
really ? i never heard such a thing.define experince...not only how many years you spend on your computer screen or you paper chart.but how u absorb it and build something from it.my opinion.
To me experience is when you start live trading. If you've not traded live you are just like a student. Being a student doesn't count toward experience. This is my opinion. Your's can be different.

Good Luck,
Al
  • #5
  • Dec 8, 2006 10:31am Dec 8, 2006 10:31am
Quoting jacko
Seems like I am the one with most experience (I am VERY old....LOL)

That surprises me, I thought some of the bigger posters on this site would have had 10+ years experience (at least in stocks, bond, options, and`futures)
Jacko,

So far you are the boss. It's great to have an experienced guy like you among us.

Good Luck and please wish me luck,
Al
  • #6
  • Dec 8, 2006 10:33am Dec 8, 2006 10:33am
I've received 46 responses to the poll so far. Now that the heat of NFP has almost winded down, it would be great if the rest of folks participate.
  • #7
  • Dec 8, 2006 10:43am Dec 8, 2006 10:43am
4 years total, 2 Years pro. And a sick amount of screentime in the last 2 years. Hmmmm, I need a vacation.
Profit is where readiness meets Opportunity
  • #8
  • Dec 8, 2006 10:56am Dec 8, 2006 10:56am
Quoting FXopportunist
4 years total, 2 Years pro. And a sick amount of screentime in the last 2 years. Hmmmm, I need a vacation.
Hi FXopportunist,

Thanks for your participation and good luck.

Al
  • #9
  • Dec 8, 2006 11:33am Dec 8, 2006 11:33am
This is sort of an arbitrary question. A guy who spends 12 hours a day trading for 1 year has a hell of a lot more experience then the guy trading for 5 years but only 2 hours a day. I wouldn't put too much emphasis on this poll in determining the quality of FF's members...
  • #10
  • Dec 8, 2006 11:47am Dec 8, 2006 11:47am
Quoting Darkstar
This is sort of an arbitrary question. A guy who spends 12 hours a day trading for 1 year has a hell of a lot more experience then the guy trading for 5 years but only 2 hours a day. I wouldn't put too much emphasis on this poll in determining the quality of FF's members...
Maybe on shorter timeframes, but if someone was trading higher timeframes like 4hrs and daily, then 2hrs of screen time/day would be sufficient. Dont you think? Also I think the more years you have the better because you will have traded more news events, trends....etc

I have been trading live for only a few months now. So I might just be talking crap.
  • #11
  • Edited 1:42pm Dec 8, 2006 12:59pm | Edited 1:42pm
Quoting Darkstar
This is sort of an arbitrary question. A guy who spends 12 hours a day trading for 1 year has a hell of a lot more experience then the guy trading for 5 years but only 2 hours a day. I wouldn't put too much emphasis on this poll in determining the quality of FF's members...
The experience is not equivalent to knowledge or success rate but it's a valuable parameter on its own.
  • #12
  • Dec 8, 2006 1:14pm Dec 8, 2006 1:14pm
My experience 4 month. I played a little on demo and probably because of unpatience I play only on real money. Honestly I lost $850, ever since. I might be lucky so far.

Money management is the best and probably only one thing I learn so far.
Olso for some strange reason all my loses was on GBP/USD only. I stay away from this currency now.

This forum is the best forum that I saw about Forex. I love to learn here. Too bad I had almost nothing to offer in return so far.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #13
  • Dec 8, 2006 1:25pm Dec 8, 2006 1:25pm
I started trading in 1988 with stocks and sotck options and inx options.
Back then I had a subscription to Valueline and Investors business daily.
Then in about 1992 I got a connection to DTN. It has been a great time. I started trading Forex 4 years ago this June. I can not imagine not trading something... It gets in your blood.

Anybody got any nice Tulips?
  • #14
  • Dec 8, 2006 1:46pm Dec 8, 2006 1:46pm
Quoting Andy12
My experience 4 month. I played a little on demo and probably because of unpatience I play only on real money. Honestly I lost $850, ever since. I might be lucky so far.

Money management is the best and probably only one thing I learn so far.
Olso for some strange reason all my loses was on GBP/USD only. I stay away from this currency now.

This forum is the best forum that I saw about Forex. I love to learn here. Too bad I had almost nothing to offer in return so far.
Andy,

Please stop live trading. You'll lose more. Please review your approach. Learn more. Trade demo and when you feel you are ready get back to the game.

Good Luck,
Al
  • #15
  • Dec 8, 2006 1:47pm Dec 8, 2006 1:47pm
Quoting smjones
I started trading in 1988 with stocks and sotck options and inx options.
Back then I had a subscription to Valueline and Investors business daily.
Then in about 1992 I got a connection to DTN. It has been a great time. I started trading Forex 4 years ago this June. I can not imagine not trading something... It gets in your blood.

Anybody got any nice Tulips?
Scott,

I couldn't agree more. Trading is like drug addiction. It's really hard to set it aside.

Good Luck and here is your tulip.

http://biology.clc.uc.edu/graphics/t...05%20Tulip.JPG
  • #16
  • Dec 8, 2006 1:57pm Dec 8, 2006 1:57pm
Quoting aparsai
Andy,

Please stop live trading. You'll lose more. Please review your approach. Learn more. Trade demo and when you feel you are ready get back to the game.

Good Luck,
Al
some people dont get any value out of demo trading. In actuallity demo trading can lead to many bad habits as well as the fact it doesn't have the pyschological aspects and the demo numbers and fills are different than live.

i do agree that money protection should be the first thing to worry about, it would be best to risk very little (less then 0.10%) until you can consistancly have profit every week for a few months.

imho demo accounts are just a way to pull people into the markets. you dont see free demo accounts for stocks or futures but people who trade them are still successful. demo accounts are just there to make you think its easy and to get you feeling the gabling excitement instead of focusing on a plan.
  • #17
  • Dec 8, 2006 2:23pm Dec 8, 2006 2:23pm
Quoting witchazel
some people dont get any value out of demo trading. In actuallity demo trading can lead to many bad habits as well as the fact it doesn't have the pyschological aspects and the demo numbers and fills are different than live.

i do agree that money protection should be the first thing to worry about, it would be best to risk very little (less then 0.10%) until you can consistancly have profit every week for a few months.

imho demo accounts are just a way to pull people into the markets. you dont see free demo accounts for stocks or futures but people who trade them are still successful. demo accounts are just there to make you think its easy and to get you feeling the gabling excitement instead of focusing on a plan.
I am not a big fan of demo trading but it's a good way to forward test a system. On the other hand it's better than live trading and losing money. However, I quite agree with you that it's more of a marketing tool.
  • #18
  • Dec 8, 2006 2:28pm Dec 8, 2006 2:28pm
end of December would mark my fifth month trading live. When I first started forex (through watching Dick James' informercial) I read EVERYTHING i could for good 2-3 months. Then i demo for about a month and went live in august.
  • #19
  • Dec 9, 2006 1:57am Dec 9, 2006 1:57am
I started trading as a broker at unlicensed bucket shop in during 97(i think)-Then after 3 months,i become a dealer..we trade commodities futures of coffee,silver,gold n etc..My first indicator was RSI n momentum(No wonder i lost all my client money including myself.. After the lose,i quit ,n afterthat a couple of yrs,the company closed bcos operating illegal activities..
  • #20
  • Dec 9, 2006 8:45am Dec 9, 2006 8:45am
Quoting hilmy83
end of December would mark my fifth month trading live. When I first started forex (through watching Dick James' informercial) I read EVERYTHING i could for good 2-3 months. Then i demo for about a month and went live in august.
I like your posts. You can see many things that others don't. I beleive you'll have a very good future in Forex. Good Luck hilmy.
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