ElaineMDG
Corporal
- Messages
- 119
Hello All!! I should probably introduce myself in that other section, but I'll do a short one here before asking my question. I'm 55, had to leave my career a few years ago due to my health. As a former healthcare professional, who'd also worked in research-my brother & nephew, (who do some trading & investing), asked my opinion on some BioTech companies--which ended up being profitable for them.
Although financially, I'm in no position to do any major trading or investing, I decided to learn as much as I could so that when I DO have some spare money, at least I'd know the basics. As my former professors would tell you, I'm also a perpetual student & will likely pass away while reading SOME type of textbook.
I've recently finished a basic "Fundamentals" of trading course, (which I loved!!), have been doing reading on my own, started Demo trading (NOT much luck with stocks the past 4 weeks), AND, perhaps most importantly: Discovered that giving my email & phone # out to just ONE trading "firm", promising "Free Webinars & Lessons"= 50-100 emails/day, 3-4 calls/day, and more promises of riches than I could ever dream of. Learned my lesson. Now spend 30min/day unsubscribing...
I've also been in several..uhmm.."disagreements" with some of these folks who don't believe I should even look at a companies NAME-nevermind the "Fundamentals"-promising me if I made ANY trades based on fundamentals-I'd lose "everything" . BUT, of course, if ONLY I subscribe to their technical indicators & trading rooms, take THEIR picks of the day-ALL my worries will be over.
I feel sorry for younger people getting into this; these folks can overwhelm you at times.
Anyways, to FOREX. I didn't understand it at ALL-still don't understand many aspects-but LOVE a challenge. A friend, who I trust, said that it may be more feasible, financially, as well as time-wise (I have LOTS of time to watch/read news, play with charts, etc), to learn more about FOREX & commodities. As I began researching it last week, I came upon your wonderful website!! WHERE have you BEEN all my life??!! The information in these forums is invaluable!! I look forward to spending a LOT of time here, and hopefully, not asking too many stupid questions.
My first question: the lessons by "Sive Morten"? Are these by ANY chance available in a book or PDF form somewhere to download? The reason I ask is that I'll be spending quite a bit of time traveling this next week, and also may not have wifi access at the hospital I'm going to for testing. I would even be willing to PAY a reasonable amount!! If it's not already available, I may just copy & paste it myself...if I do all or most of it, I'd be more than willing to then put it in a PDF form for the author & moderators. I'm sure I'm not the only one who would find this useful!!
My second question, I'm sure is here somewhere, but just for now: when trading currencies, is the law the same when it comes to intra-day trading? Meaning-are you limited in the number of trades/day before you have to comply with the DayTrading requirements? If there's different rules associated with FOREX, where can I find them?
Don't worry, I plan on sticking with a Demo accounts until I have the whole "spread" thing down...AND until I'm MUCH better versed in the currencies & numbers themselves. I've actually been doing pretty good this past week doing only currencies and oil! ($100K Demo acct up $2800 in 5 days-but that's sticking with micro lots and my Stop's are maybe 1%-I'm overly cautious...yea, I know, I won't get "rich" that way-but at this point, making a little extra in the future to pay for things like CLOTHES, FOOD...maybe a gift or 2 for my grown kids-THAT would be GREAT!! I've been at both "extremes" in my life; just 10 years ago, we had 3 homes, a Beemer, minivan, travelled cross-country every week, etc. I also had a husband with a "ship in every port", who was committing corporate credit card and tax fraud, unbeknownst to me, at the time. I knew enough that I cried almost every night. Today? I have VERY little, no car, rent a small apt, and after a fire last year-not even much furniture left. BUT, I have a little bit in the bank, 3 incredible kids who are doing GREAT, NO DEBT, (finally!), a loving little kitten-and I sleep well at night, and smile most of the day!
One more quick quest: Is there 1 platform for practicing Demo on you'd recommend above others?
Ok, THAT turned into a book..sorry!! I think I'll go read some more before getting ready for another day of doctors... (the joys of living in a tiny town!)
THANK YOU IN ADVANCE!
elaine
Although financially, I'm in no position to do any major trading or investing, I decided to learn as much as I could so that when I DO have some spare money, at least I'd know the basics. As my former professors would tell you, I'm also a perpetual student & will likely pass away while reading SOME type of textbook.
I've recently finished a basic "Fundamentals" of trading course, (which I loved!!), have been doing reading on my own, started Demo trading (NOT much luck with stocks the past 4 weeks), AND, perhaps most importantly: Discovered that giving my email & phone # out to just ONE trading "firm", promising "Free Webinars & Lessons"= 50-100 emails/day, 3-4 calls/day, and more promises of riches than I could ever dream of. Learned my lesson. Now spend 30min/day unsubscribing...
I've also been in several..uhmm.."disagreements" with some of these folks who don't believe I should even look at a companies NAME-nevermind the "Fundamentals"-promising me if I made ANY trades based on fundamentals-I'd lose "everything" . BUT, of course, if ONLY I subscribe to their technical indicators & trading rooms, take THEIR picks of the day-ALL my worries will be over.
I feel sorry for younger people getting into this; these folks can overwhelm you at times.
Anyways, to FOREX. I didn't understand it at ALL-still don't understand many aspects-but LOVE a challenge. A friend, who I trust, said that it may be more feasible, financially, as well as time-wise (I have LOTS of time to watch/read news, play with charts, etc), to learn more about FOREX & commodities. As I began researching it last week, I came upon your wonderful website!! WHERE have you BEEN all my life??!! The information in these forums is invaluable!! I look forward to spending a LOT of time here, and hopefully, not asking too many stupid questions.
My first question: the lessons by "Sive Morten"? Are these by ANY chance available in a book or PDF form somewhere to download? The reason I ask is that I'll be spending quite a bit of time traveling this next week, and also may not have wifi access at the hospital I'm going to for testing. I would even be willing to PAY a reasonable amount!! If it's not already available, I may just copy & paste it myself...if I do all or most of it, I'd be more than willing to then put it in a PDF form for the author & moderators. I'm sure I'm not the only one who would find this useful!!
My second question, I'm sure is here somewhere, but just for now: when trading currencies, is the law the same when it comes to intra-day trading? Meaning-are you limited in the number of trades/day before you have to comply with the DayTrading requirements? If there's different rules associated with FOREX, where can I find them?
Don't worry, I plan on sticking with a Demo accounts until I have the whole "spread" thing down...AND until I'm MUCH better versed in the currencies & numbers themselves. I've actually been doing pretty good this past week doing only currencies and oil! ($100K Demo acct up $2800 in 5 days-but that's sticking with micro lots and my Stop's are maybe 1%-I'm overly cautious...yea, I know, I won't get "rich" that way-but at this point, making a little extra in the future to pay for things like CLOTHES, FOOD...maybe a gift or 2 for my grown kids-THAT would be GREAT!!
I've been at both "extremes" in my life; just 10 years ago, we had 3 homes, a Beemer, minivan, travelled cross-country every week, etc. I also had a husband with a "ship in every port", who was committing corporate credit card and tax fraud, unbeknownst to me, at the time. I knew enough that I cried almost every night. Today? I have VERY little, no car, rent a small apt, and after a fire last year-not even much furniture left. BUT, I have a little bit in the bank, 3 incredible kids who are doing GREAT, NO DEBT, (finally!), a loving little kitten-and I sleep well at night, and smile most of the day!One more quick quest: Is there 1 platform for practicing Demo on you'd recommend above others?
Ok, THAT turned into a book..sorry!! I think I'll go read some more before getting ready for another day of doctors...
(the joys of living in a tiny town!)THANK YOU IN ADVANCE!
elaine
