Hi again.
I've read on the previous page great advices for new traders.
Now it's about seven months that I begun with all this stuff, looking for which security types could be suited for retail investors; how they worked, etc. I begun with value investment books (useless) and finally technical books on all aspects of trading charts.
I think it's been over three months that I discovered Mr Price Action and have been demoing, studying more, I've been on the P. forum (great) and always demoing.
So, my advice for new traders is, as mentioned, not giving up and being constant. This is a long way, it's not easy learning to trade. I have a full time job (very demanding), a family to take care of, etc. At this moment most of my trades are profitable but not enough to cover my losses at the end of the week; so I'm still on it.
Maybe others will have more free time but I think it won't be relevant since we trade basically daily charts, excep if lower timeframes are used for training purposes at a more advanced stage during the training.
It's important to have patience and to practice everyday until you see growing your demo account. There is no other way.
And do not think you're very smart. I'm a gifted individual, very gifted. That does not make me a better person at all, it's just that I sometimes can learn and understand things at the speed of light, normally only reading them once or twice.
What I mean is that you must be convinced that not matter how smart you are you won't find a quick way. If you think that you found within a few weeks or months the definitive method/indicator you will be most probably wrong and you will loss all your money overtrading.
So pay attention to what experienced (not me) members say here. Ask them, join the private forum and stay all the time you need.
This is like making a career; you need your degree, your start, training, experience a finally it's possible (never sure) that you find what you were searching.
That's my opinion and some kind of advice for new traders.
I've read on the previous page great advices for new traders.
Now it's about seven months that I begun with all this stuff, looking for which security types could be suited for retail investors; how they worked, etc. I begun with value investment books (useless) and finally technical books on all aspects of trading charts.
I think it's been over three months that I discovered Mr Price Action and have been demoing, studying more, I've been on the P. forum (great) and always demoing.
So, my advice for new traders is, as mentioned, not giving up and being constant. This is a long way, it's not easy learning to trade. I have a full time job (very demanding), a family to take care of, etc. At this moment most of my trades are profitable but not enough to cover my losses at the end of the week; so I'm still on it.
Maybe others will have more free time but I think it won't be relevant since we trade basically daily charts, excep if lower timeframes are used for training purposes at a more advanced stage during the training.
It's important to have patience and to practice everyday until you see growing your demo account. There is no other way.
And do not think you're very smart. I'm a gifted individual, very gifted. That does not make me a better person at all, it's just that I sometimes can learn and understand things at the speed of light, normally only reading them once or twice.
What I mean is that you must be convinced that not matter how smart you are you won't find a quick way. If you think that you found within a few weeks or months the definitive method/indicator you will be most probably wrong and you will loss all your money overtrading.
So pay attention to what experienced (not me) members say here. Ask them, join the private forum and stay all the time you need.
This is like making a career; you need your degree, your start, training, experience a finally it's possible (never sure) that you find what you were searching.
That's my opinion and some kind of advice for new traders.
Anyone trade the monthlies?
