Hello people :)

[hamptonson10]

Hello, I am new here on T2W and would love to learn more about stock trading. As I just started out I have tons of questions. I am 22 years old, previously been watching videos on Forex now just got into stock trading and found about T2W.

Now I still dont really know where and how to start, so any guideline would be very helpful. I know at forex you can just download MT platform and trade from there. How can I do stock trading with so many companies out there? Like...on MT I could find only Forex no company stocks.

In very confused as to wich way should I go, forex or stocks?

Thanks for reading have a great day everyone.

 

[dianajs]

I would recommend that you first read some online tutorials about how to trade, about the platform itself, about technical and fundamental analysis, etc. as well as go through the http://www.trade2win.com/boards/new-trade2win/ section of the forum. As for whether you should pick Forex or Stocks, I'd say Forex, because that would be easier for you as a beginner.

 

[dbphoenix]

Hello, I am new here on T2W and would love to learn more about stock trading. As I just started out I have tons of questions. I am 22 years old, previously been watching videos on Forex now just got into stock trading and found about T2W.

Now I still dont really know where and how to start, so any guideline would be very helpful. I know at forex you can just download MT platform and trade from there. How can I do stock trading with so many companies out there? Like...on MT I could find only Forex no company stocks.

In very confused as to wich way should I go, forex or stocks?

Thanks for reading have a great day everyone.

Trade what you understand. If you understand stocks, trade stocks. If you understand the foreign exchange markets, trade that. But whatever you do, avoid margin, avoid leverage, postpone trading of any sort until you have a consistently-profitable trading plan.

Db

 

[highbury fx]

Trade what you understand. If you understand stocks, trade stocks. If you understand the foreign exchange markets, trade that. But whatever you do, avoid margin, avoid leverage, postpone trading of any sort until you have a consistently-profitable trading plan.

Db

how do you avoid margin? how do you avoid leverage?

 

[dbphoenix]

how do you avoid margin? how do you avoid leverage?

Buy only what you can afford to pay for. If one can't trade forex without being leveraged, then trade something else.

Db

 

[highbury fx]

Buy only what you can afford to pay for. If one can't trade forex without being leveraged, then trade something else.

Db

so use maximum of 1:1 leverage?

what about the margin? how do you avoid that?

 

[dbphoenix]

so use maximum of 1:1 leverage?

what about the margin? how do you avoid that?

By not applying for it. If it's automatic, by not using it. If one is inadequately capitalized, don't trade.

Db

 

[klw]

Trade what you understand. If you understand stocks, trade stocks. If you understand the foreign exchange markets, trade that. But whatever you do, avoid margin, avoid leverage, postpone trading of any sort until you have a consistently-profitable trading plan.

Db

Well that's one way of doing it, a path that hardly anyone follows. Personally I don't see anything wrong with practice on a small nano lot account. A one thousand point spike in any market is still only a small loss overall, yes you'll get screwed on fills but there is nothing to beat getting the experience of trading the markets with real money on the line. These emotions have to be experienced and controlled regardless of any trading plan in place.

I can also see why you have taken the stance you have, it could be construed by some that you are leading a newbie down your path. You always seem to hang around these newbie threads.

Personally I would like to see what all vendors are selling clearly written in bold type in their foot notes so that any poster can make an informed decision as to the context of their replies.

 

[dbphoenix]

Well that's one way of doing it, a path that hardly anyone follows. Personally I don't see anything wrong with practice on a small nano lot account. A one thousand point spike in any market is still only a small loss overall, yes you'll get screwed on fills but there is nothing to beat getting the experience of trading the markets with real money on the line. These emotions have to be experienced and controlled regardless of any trading plan in place.

I can also see why you have taken the stance you have, it could be construed by some that you are leading a newbie down your path. You always seem to hang around these newbie threads.

Personally I would like to see what all vendors are selling clearly written in bold type in their foot notes so that any poster can make an informed decision as to the context of their replies.

Yes, hardly anyone follows it. Which is perhaps one reason why so many fail.

As for practice, what's to practice if one hasn't prepared a consistently-profitable trading plan? Learning by doing?

As for emotions, what is there to be emotional about if one is following a thoroughly-tested plan? If the plan can't be trusted, then rework the plan. The only emotion that should be experienced while in a trade is curiosity.

As for what I'm selling, just click the link in my signature. What is posted there is free.

And as for my posting to newbie threads, if they weren't receiving the same poor advice that they've been receiving for the past twenty years, there'd be no need to counter it.

Learn your business. Study. Practice. Develop a thoroughly-tested and consistently-profitable trading plan. Then trade it with as little expense as possible.

Or just jump in and hope for the best.

Db

 

[klw]

Yes, hardly anyone follows it. Which is perhaps one reason why so many fail.

As for practice, what's to practice if one hasn't prepared a consistently-profitable trading plan? Learning by doing?

As for emotions, what is there to be emotional about if one is following a thoroughly-tested plan? If the plan can't be trusted, then rework the plan. The only emotion that should be experienced while in a trade is curiosity.

As for what I'm selling, just click the link in my signature. What is posted there is free.

And as for my posting to newbie threads, if they weren't receiving the same poor advice that they've been receiving for the past twenty years, there'd be no need to counter it.

Learn your business. Study. Practice. Develop a thoroughly-tested and consistently-profitable trading plan. Then trade it with as little expense as possible.

Or just jump in and hope for the best.

Db

I never advocated jump in and hope for the best,you're just twisting things to point score here. I am not going to go into great detail as to how I would recommend a newbie start out on their trading journey here and I still say that all Vendor's products should be displayed in bold type in the foot note , not everybody wants to endlessly click on link after link.

There is a lot of sense in some of what you write. A common theme that runs through a lot of your posts is that your way is the only way,there is no leeway and that is totally wrong. An example you wrote recently was something along the lines of after entry put your stop above / below the recent high / low. It's nice to know that you are on the other side of my trades when these highs / lows get taken out , indeed that's even if you trade at all as you seem to spend so much time reading and posting on here.

@ the opening poster. To get a robust tried and tested trading plan you need experience , a newbie will not be able to come up with one without paying for it or getting one donated free by an experienced trader ( highly unlikely ). You need experience. A little guidance to set you on your way. Read as much as you can. Be aware that there are many theory traders on here , great in print but can't trade for toffee in reality.You could do a lot worse than follow Forexmospherian's thread, a lot wont make sense to start off with but stay with it while you learn.

Good luck.

 

[dbphoenix]

I never advocated jump in and hope for the best,you're just twisting things to point score here. I am not going to go into great detail as to how I would recommend a newbie start out on their trading journey here and I still say that all Vendor's products should be displayed in bold type in the foot note , not everybody wants to endlessly click on link after link.

There is a lot of sense in some of what you write. A common theme that runs through a lot of your posts is that your way is the only way,there is no leeway and that is totally wrong. An example you wrote recently was something along the lines of after entry put your stop above / below the recent high / low. It's nice to know that you are on the other side of my trades when these highs / lows get taken out , indeed that's even if you trade at all as you seem to spend so much time reading and posting on here.

Displaying the name of a product with no link would not be of much use. Providing a link to the content, particularly if it's free, should not present a burden to anyone.

As for "my way", the process of developing a consistently-profitable trading plan is independent of the content of the plan itself, that is whether one is developing a plan that focuses on trading price or on using the CCI, the process is exactly the same. Beyond the specifics, however, I encourage beginners to learn how to trade like professionals rather than like amateurs. Professionals do not merely fund an account and start trading, then blow up the account, then fund it again, then blow it up again, then go on year after year for four or five or seven years or more, hoping to get it right. Yet that is what beginners are commonly encouraged to do in trading forums.

@ the opening poster. To get a robust tried and tested trading plan you need experience , a newbie will not be able to come up with one without paying for it or getting one donated free by an experienced trader ( highly unlikely ). You need experience. A little guidance to set you on your way. Read as much as you can. Be aware that there are many theory traders on here , great in print but can't trade for toffee in reality.You could do a lot worse than follow Forexmospherian's thread, a lot wont make sense to start off with but stay with it while you learn.

Good luck.

Any beginner who understands the scientific method and how to apply it can develop a consistently-profitable trading plan without spending a dime. If he knows nothing about this standard method, much less how to implement it, there's plenty of information available online.

Db

 

[klw]

Displaying the name of a product with no link would not be of much use. Providing a link to the content, particularly if it's free, should not present a burden to anyone.

As for "my way", the process of developing a consistently-profitable trading plan is independent of the content of the plan itself, that is whether one is developing a plan that focuses on trading price or on using the CCI, the process is exactly the same. Beyond the specifics, however, I encourage beginners to learn how to trade like professionals rather than like amateurs. Professionals do not merely fund an account and start trading, then blow up the account, then fund it again, then blow it up again, then go on year after year for four or five or seven years or more, hoping to get it right. Yet that is what beginners are commonly encouraged to do in trading forums.



Any beginner who understands the scientific method and how to apply it can develop a consistently-profitable trading plan without spending a dime. If he knows nothing about this standard method, much less how to implement it, there's plenty of information available online.

Db

So with your comprehensive trading plan comes a profitable system / method from which a pupil can make money from straight from the off ?

 

[dbphoenix]

So with your comprehensive trading plan comes a profitable system / method from which a pupil can make money from straight from the off ?

My particular plan? Probably not from the very first trade. However, over a series of trades, if the trader follows the rules, the probability of making money is better than chance, given that it's designed to cut losses short and let profits run.

What is the likelihood that a beginner will make money "from straight from the off" if he trades with no plan?

Db

 

[klw]

My particular plan? Probably not from the very first trade. However, over a series of trades, if the trader follows the rules, the probability of making money is better than chance, given that it's designed to cut losses short and let profits run.

What is the likelihood that a beginner will make money "from straight from the off" if he trades with no plan?

Db

That's not what I asked. Do you supply a profitable system with your trading plan such as enter market when this bar = X and is a retrace to the main trend and MACD confirms as an example.

In answer to your question to me , it's unlikely that they will.

 

[dbphoenix]

That's not what I asked. Do you supply a profitable system with your trading plan such as enter market when this bar = X and is a retrace to the main trend and MACD confirms as an example.

In answer to your question to me , it's unlikely that they will.

What you asked was whether or not someone following my plan would make money "straight from the off". This is the question I answered.

As to your above question, my plan doesn't involve indicators. The rules may be found here. The plan in its entirety may be found by clicking my signature. If the beginner does not find my approach appealing, he can develop his own plan using the link I provided earlier or he can download Tim Wilcox' (timsk) "Trading Plan Template". None of this costs a dime.

Db

 

[klw]

What you asked was whether or not someone following my plan would make money "straight from the off". This is the question I answered.

As to your above question, my plan doesn't involve indicators. The rules may be found here. The plan in its entirety may be found by clicking my signature. If the beginner does not find my approach appealing, he can develop his own plan using the link I provided earlier or he can download Tim Wilcox' (timsk) "Trading Plan Template". None of this costs a dime.

Db

My question was very clear and not as you quoted me above.I asked if your plan included a profitable system / method. I believe you knew exactly what I meant.

I really don't want to spend any more time on this going into the merits or not of SLA. I used to use a similar method myself years ago,great in trends , rubbish in ranges , like most systems really and as you have admitted there is a lot of good free stuff on here anyway

I would like to say before I go that I mentored somebody a few years ago ( FOR FREE , NO PAYMENTS WERE ASKED FOR OR RECEIVED ) in case anyone thinks I'm a vendor. I concentrated mainly on the system to trade , why the markets were moving and where they were likely headed and why. He took a £1000 account to an £8000 account in 3 months. He then quit and went back to his business which was a freelance international corporate computer consultant. So DBP , both sides are equally important,not just your way.

Anyway some advertising for you.


Cheers.

 

[dbphoenix]

My question was very clear and not as you quoted me above.I asked if your plan included a profitable system / method. I believe you knew exactly what I meant.

I really don't want to spend any more time on this going into the merits or not of SLA. I used to use a similar method myself years ago,great in trends , rubbish in ranges , like most systems really and as you have admitted there is a lot of good free stuff on here anyway

I would like to say before I go that I mentored somebody a few years ago ( FOR FREE , NO PAYMENTS WERE ASKED FOR OR RECEIVED ) in case anyone thinks I'm a vendor. I concentrated mainly on the system to trade , why the markets were moving and where they were likely headed and why. He took a £1000 account to an £8000 account in 3 months. He then quit and went back to his business which was a freelance international corporate computer consultant. So DBP , both sides are equally important,not just your way.

Anyway some advertising for you.


Cheers.

Your question was "So with your comprehensive trading plan comes a profitable system / method from which a pupil can make money from straight from the off ?" That is the question to which I responded.

As to the merits of lack thereof of the SLA, the SLA is irrelevant. What is relevant is whether or not the beginner has a trading plan. The contents of that plan are immaterial as long as it is thoroughly tested and consistently profitable.

As to whether or not someone takes X money and turns it into Y, that is also irrelevant. What is relevant is whether or not the beginner himself can take X money and turn it into Y. That will depend on his own efforts.

As to vendors and free (no caps necessary), everything I've posted here is free. Take it or leave it.

Db

 

[klw]

Your question was "So with your comprehensive trading plan comes a profitable system / method from which a pupil can make money from straight from the off ?" That is the question to which I responded.

As to the merits of lack thereof of the SLA, the SLA is irrelevant. What is relevant is whether or not the beginner has a trading plan. The contents of that plan are immaterial as long as it is thoroughly tested and consistently profitable.

As to whether or not someone takes X money and turns it into Y, that is also irrelevant. What is relevant is whether or not the beginner himself can take X money and turn it into Y. That will depend on his own efforts.

As to vendors and free (no caps necessary), everything I've posted here is free. Take it or leave it.

Db

Oh Dear -- Each reply you make gives me more insight into your soul.

You did not reply to my question , you are becoming deluded,readers can make their mind up on this.

Of course SLA is relevant, by your own recommendations you think a trader should not use margin or leverage , so their life savings rely on how they trade SLA with no experience as they have your trading plan ! A trading plan alone does not make money , the person and the system along with experience and a trading plan makes money. Deluded.

Here you are correct. My pupil was also a learner , but he made money because he had good coaching daily on Skype for 3 months , not sold a trading plan and a suspect system and be told they can change his system if he wants,where does that leave them.

Why would I need to prove to you that I am a vendor or not, it was pretty obvious that the caps were for other readers such as T2W mods / staff etc. as I do not want anyone to think I am a vendor / mentor as I am not. That's twice you you have miss-read the situation.

Anyway time for me to move on as I am trying to keep my post count as low as possible.

 

[dbphoenix]

Oh Dear -- Each reply you make gives me more insight into your soul.

You did not reply to my question , you are becoming deluded,readers can make their mind up on this.

Of course SLA is relevant, by your own recommendations you think a trader should not use margin or leverage , so their life savings rely on how they trade SLA with no experience as they have your trading plan ! A trading plan alone does not make money , the person and the system along with experience and a trading plan makes money. Deluded.

Here you are correct. My pupil was also a learner , but he made money because he had good coaching daily on Skype for 3 months , not sold a trading plan and a suspect system and be told they can change his system if he wants,where does that leave them.

Why would I need to prove to you that I am a vendor or not, it was pretty obvious that the caps were for other readers such as T2W mods / staff etc. as I do not want anyone to think I am a vendor / mentor as I am not. That's twice you you have miss-read the situation.

Anyway time for me to move on as I am trying to keep my post count as low as possible.

No, the SLA is not relevant, nor is any other given trading plan. What is relevant is that the beginner have a thoroughly-tested and consistently-profitable trading plan of some sort before he begins putting his money at risk. And, no, a beginner should not use leverage until he has demonstrated to himself that he can trust his trading plan and that he can trust himself to follow it. Those who were around in '99-'00 should have no trouble understanding this.

Whether you are a vendor or not is irrelevant. The point is that the beginner, again, have a robust trading plan. Those who encourage beginners to trade without one can do far more damage than any vendor.

Db

 

[highbury fx]

By not applying for it. If it's automatic, by not using it. If one is inadequately capitalized, don't trade.

Db

oh ok gotcha.

so if I want to buy £100,000 of GBP/USD I should deposit £100,000 into my spreadbet account before I do the trade?