And so it began!

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And so it began!

Postby canyon » Tue Feb 10, 2009 12:04 pm

Hi All,

Just thought I would introduce myself. I am Canyon. :o

I have been meaning to get in to trading for a while now, but never had the courage or the funds, to give it a proper go. I am now looking to take the plunge and I would be grateful if anyone could point me in the direction of how to set myself up.

I have spent the last few days/weeks reading tech analysis and more recently TROs ideas on trading and my mind is a bit confused.

I would like to start trading for pips before I start trading for coin and I would like to gather what the best/most efficient charting software would be to use.

Any help would be much appreciated.

Many thanks in advance


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Postby noone22 » Thu Feb 12, 2009 8:39 am

If you have money, you may spend thousands on books, ebooks, seminars, trading systems, etc & still end up with more confusion & broken account.

If you want to do it yourself for free - take couple of TRO indicators (TRO BUYZONE & MILK THE COWS for example) and learn all about them. Start paper (simulated) trading. Don't trade for money, if you're confused. Untill you're 105% confident - don't start real trading. You may - but you're risking evaporating your account.

From my knowledge, the best charting package is TradeStation (in terms of quality of graphic, speed, functionality, maintenance, etc) - it's also a trading doom - and you could trade virtually everything from under it.
It's not so easy (and cheap) to set up it - but with plenty of free indicators indicators for it - you may win with TS in a long-term run.
Another good charting - is eSignal, but you need to have trading doom on top of it, and pay around $100 monthly fee for data feed (unless your broker is providing it). There are no much free indicators for eSignal - so you could be limited with it.

To trade just Forex - free MetaTrader4 (as avearge charting package & trading platform) coould be good starting point. There are hips of free indicators & expert advisers for it on this forum and in the whole net as well. MT4 charts are not the best ones (limited in resolution & functionality), but they're doing the job quite well.

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