And also do some paper trading.
And also do some paper trading.
New job
I recently applied to a stockbrocking company and after an extended interview process was successful in getting the job, which I was thrilled about. My only issue is that they require a training fee of over £1000 for the two week course that is part of their process. From this the company will then give me funds to invest. My worries are about such a large amount charged for training and no base salary, all commission. Is this standard for the stockbrocking sector?
Thanks
I recently applied to a stockbrocking company and after an extended interview process was successful in getting the job, which I was thrilled about. My only issue is that they require a training fee of over £1000 for the two week course that is part of their process. From this the company will then give me funds to invest. My worries are about such a large amount charged for training and no base salary, all commission. Is this standard for the stockbrocking sector?
Thanks
They are not giving you a job.you are paying for their jobs.
I hope you haven't parted with your 1k yet.
NVP
Guest Author
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one of the best explanations ive seen for new traders regarding understanding yourself, probability outcomes and market expectations
N
http://www.trade2win.com/boards/for...-basic-ideas-strategies-2552.html#post2893510
N
http://www.trade2win.com/boards/for...-basic-ideas-strategies-2552.html#post2893510
Most of the issues are answered. However, I want to summaries with:
1. 90% people lose in FX not because they don't know how to trade. 71% of their trades ( among those 90% loosers) are closed in profit! So, they are good in trade but still lose money due to proper Money Management.
2. There is no right and wrong, a good trade could hit SL , Bad one could hit TP but those are rare. Your luck won't help you always. Do not get fond of any particular trade, Traders lose most where they were over confident! Treat every entry as same.
3. Go against the crowd. You are only making profit where someone is losing it and majority of the traders lose. So, stop following other people. Be an independent thinker. Focus only chart, stop listening rumors by news agencies. They would have invest time trading instead of publishing bullshi*.
4. Being wrong is very normal but keeping those wrong is stupidity. There is no keep running your profit and cut short your loses. These are bullshi*. No body knows the future. You should close your profit while reach the target and Never ever put away your SL. All the decision should be pre made. Never changed it.
5. Those who trade news (I do trade them only if I found a technical indication) , Don't trade the news that traders are waiting for. try to trade against the expectation. EG. If market except a positive NFP and news actually get positive - There are two scenario (a) market mostly give up that move sooner (unless a key technical breakout) (b) market move a little! But market would move massive if go against expectation. we have seen two 400+ pips move last year.
6. Trading is like running a normal business. There is no shortcut or holy grail. Don't ever imagine making $10,000 from $500 a month. Warren buffet could have own the planet earth if that happens. There is no algorithm/robot so far that works. Our computing system is far behind from that. Every single day is different.
7. If you are not confident enough with major pairs or pairs that getting too much attention choose some similar affection currency pairs that has less impact on fundamentals like AUDNZD, EURCHF
Hope these will help you if you are a new trader.
1. 90% people lose in FX not because they don't know how to trade. 71% of their trades ( among those 90% loosers) are closed in profit! So, they are good in trade but still lose money due to proper Money Management.
2. There is no right and wrong, a good trade could hit SL , Bad one could hit TP but those are rare. Your luck won't help you always. Do not get fond of any particular trade, Traders lose most where they were over confident! Treat every entry as same.
3. Go against the crowd. You are only making profit where someone is losing it and majority of the traders lose. So, stop following other people. Be an independent thinker. Focus only chart, stop listening rumors by news agencies. They would have invest time trading instead of publishing bullshi*.
4. Being wrong is very normal but keeping those wrong is stupidity. There is no keep running your profit and cut short your loses. These are bullshi*. No body knows the future. You should close your profit while reach the target and Never ever put away your SL. All the decision should be pre made. Never changed it.
5. Those who trade news (I do trade them only if I found a technical indication) , Don't trade the news that traders are waiting for. try to trade against the expectation. EG. If market except a positive NFP and news actually get positive - There are two scenario (a) market mostly give up that move sooner (unless a key technical breakout) (b) market move a little! But market would move massive if go against expectation. we have seen two 400+ pips move last year.
6. Trading is like running a normal business. There is no shortcut or holy grail. Don't ever imagine making $10,000 from $500 a month. Warren buffet could have own the planet earth if that happens. There is no algorithm/robot so far that works. Our computing system is far behind from that. Every single day is different.
7. If you are not confident enough with major pairs or pairs that getting too much attention choose some similar affection currency pairs that has less impact on fundamentals like AUDNZD, EURCHF
Hope these will help you if you are a new trader.
greg.darren
Newbie
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Forex trading has a great profit potential and meets different trading requirements. But it's not the hard work that works in forex trading but the smart work that matters. That is why 90% traders lose. If you are smart enough then you can definitely make money with time. Before stepping into the real market, you need to follow some rules:
Market psychology: Try to understand market psychology and reasons behind how it is reacting that way. More you understand the market fundamentals; more will be chances to gain in the long run.
Get to know forex market: Before making an investment tries to understand every single aspect of forex market and how it works.
Clear your goal: People are fascinated for forex trading due to its profit making potential but you need to clear your goal whether it's a hobby or you want to opt as a profession and trade accordingly.
Try demo account: Before making real investment, practice at least for 3-4 months. Don't think that you are wasting your time because it is the time you can improve your trading skills, build your confidence.
Accept reality: Most of the traders expect higher returns in a couple of months which is not a realistic approach. You should have realistic expectations and only then you can succeed in this forex world.
Avoid emotional trading: - when we lose money we become more emotional and invest more money in order to get the lost money back. But it is the time we need to be more careful and should act as a disciplined forex trader to avoid such type of emotional trading.
Market psychology: Try to understand market psychology and reasons behind how it is reacting that way. More you understand the market fundamentals; more will be chances to gain in the long run.
Get to know forex market: Before making an investment tries to understand every single aspect of forex market and how it works.
Clear your goal: People are fascinated for forex trading due to its profit making potential but you need to clear your goal whether it's a hobby or you want to opt as a profession and trade accordingly.
Try demo account: Before making real investment, practice at least for 3-4 months. Don't think that you are wasting your time because it is the time you can improve your trading skills, build your confidence.
Accept reality: Most of the traders expect higher returns in a couple of months which is not a realistic approach. You should have realistic expectations and only then you can succeed in this forex world.
Avoid emotional trading: - when we lose money we become more emotional and invest more money in order to get the lost money back. But it is the time we need to be more careful and should act as a disciplined forex trader to avoid such type of emotional trading.
foroom lluzers
Veteren member
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Long Move Killer
Junior member
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Code seg : good Trader
move out ,bed
push pc ,as
add. dow ,$$$
wait win,$$$
cash out,win
goto 😁,bed
trucejacob23
Newbie
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First thing you need to keep in mind is you will not always win and it is not easy as it seems. And start with opening a demo account and start practicing trade and then see is it something you can do or you want to do? If yes be determined be patient and keen to learn. Practice as much you can in different situation and platforms. Plan your strategies and try to execute them accordingly.
hedgedequity
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Trading is a big subject you would not be able to understand totally until you gain some amount of experience. A lot of hardwork and discipline goes into gaining success. A simple plan can enable you in cutting a path through the trading jungle and accelerate your learning curve. Read the “Essentials Of New To Trading” which has specifically been written for the virgin traders:
• Trading Foundations
• Trading Attributes
• Trading Jargon And Mistakes
• Get Tooled Up And Hone Your Skills
• It Is A Business
• Supply & Demand
The “Essentials Of New To Trading” will help you start off in the trading business but it is only the “Essentials Of Risk & Money Management” which is the key to success or failure of every trader.
• Trading Foundations
• Trading Attributes
• Trading Jargon And Mistakes
• Get Tooled Up And Hone Your Skills
• It Is A Business
• Supply & Demand
The “Essentials Of New To Trading” will help you start off in the trading business but it is only the “Essentials Of Risk & Money Management” which is the key to success or failure of every trader.
Quantt
Experienced member
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Hello and welcome to the forum!
are you still trading ?.is there a way you can mentor me to trade please?. i am at cross road and I would like this to work.
Luckiest Luke
Newbie
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Hello! I'm a new guy here. Just want to know: can I start forex trading with some $50? Or do I need to deposit more money?
Penny Picks
Member
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Here are "5 Successful Short-Term Trading Rules
1) The odds are in your favor when you trade with the major trend.
2) Always trade using stops. Never cancel a stop.(Keep in mind that
STOPS don't always work)
3) Plan your trade and trade your plan.
4) Never try to pick tops or bottoms, the market may surprise you.
5) Go with the flow. Don’t fight the markets.
:smart:
Luckiest Luke
Newbie
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Oh, wise words! Thank you.
Penny Picks
Member
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Just an explanation of why S/L doesn't always work. This applies to a lot of the other markets as well
1.Commodities
2.FX
3. The energy markets.
This started out as a pretty good 'Penny Trade' but as with a lot of things there might be some "Walking Dead" hiding in the closet.
I could have bailed, or at least saved some of the investment. Oh well. :whistling It might just come back when the trader of traders smiles down on a dumb trade plan.
