Need traders advice!!

[techy]

Hi,
At the moment I'm learning to trade under a prop trading firm for 4 months and I don't feel convinced that I'll be taught what I need to know to trade profitable consistently.

Having talked to a friend who trades for a living, he recommended this site called Algodaytrader.com.
They offer a package from $150 a month teaching one how to trade following their day to day set-ups while talking to other traders through a online chat room.

The course I'm on now is slightly similar (learning to trade from home, through a chat room) but of which costs much much more, incomparison.

What do you think?

Any thought on this discussion would be great.

 

[NVP]

you work for a Prop trading firm and are not sure what site to learn from ?

 

[techy]

you work for a Prop trading firm and are not sure what site to learn from ?

I'm not working for a prop firm, I'm learning off of one from home (through an online chat room). I don't feel like I'm getting anywhere and I have been directed through a friend who trades for a living to check Algodaytrader .com out as this is where he learned from.

 

[NVP]

just spend 6 months researching on forums and google......learn from the bottom and get a good grounding - dont pay for anything .........its all out there for free if you look hard enough

N

 

[techy]

just spend 6 months researching on forums and google......learn from the bottom and get a good grounding - dont pay for anything .........its all out there for free if you look hard enough

N

Thanks

 

[Samira Bhagvat]

My suggestion is babypips. Its really good for learning.

 

[techy]

My suggestion is babypips. Its really good for learning.

Sorry, Whats baby pips?

 

[BigPointValue]

Hi Calley

It depends on what style of trading your prop trading firm is doing (i.e. stocks, commodities, bond,currencies etc) also what their trading style is e.g. funamental analysis, global macro, stat arb, merger arb etc.

These could all lead you in different directions for learning to start with. The first step is probably a site or book with an emphasis on money management and the psychology of trading. That's all I can say without knowing more about the above.

All the best

BPV

 

[techy]

Hi Calley

It depends on what style of trading your prop trading firm is doing (i.e. stocks, commodities, bond,currencies etc) also what their trading style is e.g. funamental analysis, global macro, stat arb, merger arb etc.

These could all lead you in different directions for learning to start with. The first step is probably a site or book with an emphasis on money management and the psychology of trading. That's all I can say without knowing more about the above.

All the best

BPV

Thank you, I appreciate your help.

The prop firm mainly focuses on currencies, but little of German bund and S&P e-mini (all futures). Although the firm concentrates on technical analysis, they heavily follow the fundamental side of trading, but I prefer technical (easier ).

 

[natureboy]

Like NVP said, most everything is available on the net for free that you would learn in a course. The right course could cut your searching time, although finding the right one could cost about as much time or even money.. I learned through the Market Technicians Association CMT program, its heavy on technicals, light on hand-holding.. very self-study, figure it out type program. Access to their library is worth it IMO

 

[Mr O]

If you're at a prop firm I think you should have faith in them as they will have a invest interest in your success if they're getting 40-50% of your profits.

 

[Samira Bhagvat]

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Sorry, Whats baby pips?

here is the link you can learn about Forex here.