Hello everyone, I am giving my first steps. I would like to know more about candlestick and swings.
James,Newbie here. I have been investing for the last three years. I have a very minimal knowledge of investing. All of my investing has been in the oil and gas industry long term investments or mutual funds. I have learned that I am not going to make the kind of money that I would like to by doing this so I am interested in learning other methods.
Hi there,
Boy here from the Netherlands. Thought it might be a good idea to introduce myself, after having been registered here for 1.5 years now. :whistling
I'm 27, have a B.Sc. in Finance & International Economics and a M.Sc. in Economics, I've always been interested in trading, but I only recently learned that nowadays, it's possible to use leverage, go short and get cheap (what's more, even free) realtime quotes in the retail forex market. These conditions have really rekindled my interest in trading, and I'm currently reading my way through a lot of the books recommended here for beginners regarding psychology, money mgt,TA, candlesticks, etc. Based on what I've read so far, I'm gravitating to a KISS price action oriented approach to trading.
I hope to have written a trading plan in a couple of months, after I've finished what I'd like to call basic ground school. Hope to be paper trading consistently profitable in a year from now, and only if I have been doing so for 3 to 6 months, will I get my feet wet with some real funds. Hope to reach financial independence before turning 40, which gives me a little under 13 years to do so. Maybe the above goals are a little unrealistic, but at least it gives me something to work to.:smart:
Cheers
Sounds like a world of fun ahead for you mate. 😀
Looks like you are very qualified dude, I'm studying part time for a finance degree (F**king hard work) I know a lot of people like to paper trade or trade from demo accounts until they are consistent but IMHO I reckon its worth going live sooner. I have found that trading demo accounts is very very different from trading live due to the lack of emotion involved, the bottom line is you know its not really money. Get comfortable with a demo account first but I wouldn’t get stuck trading on one for too long however im sure there are others who disagree with that, just my view and thought it was something worth factoring into your plan. But sounds like you got it pretty locked down. Good luck fella 👍
How long you been in the oil and gas industry for?
Did you take advantage of the recent oil spike? I'm assuming you are a buy and hold investor. Are you looking to get into day or swing trading? If so , have you research the markets you want to be in? You can learn a lot from the traders in this forum. But you have to realize every trader has a different style and you have to find a slyle that works for you. Good luck