Info for an absolute beginner

Hello everyone,

A fellow student at my college told me that he trades future prices and currencies with some success, and advised me to visit this site (and specifically to examine Trader 101's method). The only thing is I don't understand the first thing about this. Are there any sources that can explain exactly what is being traded (not stocks right), what pips are, and other basic thing a prospective trader should know?

Thank you,
Cricket

Take a look at this.

http://www.babypips.com/

Good threads on this forum IMNSHO are:

James 16 chart thread
Phil Nels' 4 hr MACD system
The Dibs Method

Theres some good insights to be had in these three to start with.

BTW This is harder than it looks. I'm a two year rookie (had live account for 1 year) and am just bobbing around breakeven/slightly up.

This is an entertaining book that I enjoyed.

http://www.amazon.com/Where-Customer.../dp/0471119784

edit: And my one tip would be to remember that price can move further than you can imagine. (I still take profits too early)

May I also reccomend http://www.investopedia.com for general definitions. If you enjoy "jumping" from one term to another, its very useful. You may go from "Close price" to "Open/High/Low/Close" to "Candlesticks, Bars, Line".

Good luck in your endeavor. Clear thinking is key.