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I have been reading a lot of articles and learning about the stocks and shares. I am very new to Trading world and really would appreciate if you guys can direct me some good websites where I can learn and understand more about it. Also I want to open an account with Scotrade or Fidelity, Which one you think is the best or there are any other that you can recommend. Also any stocks to watch for as a beginner. Thank you.
less than 1% of "traders" actually make money off of it long term. You are competing against machines that can trade 1000000xs faster than you with billion dollar firms backing them. Good luck
I have been reading a lot of articles and learning about the stocks and shares. I am very new to Trading world and really would appreciate if you guys can direct me some good websites where I can learn and understand more about it. Also I want to open an account with Scotrade or Fidelity, Which one you think is the best or there are any other that you can recommend. Also any stocks to watch for as a beginner. Thank you.
To be a successful trader you need to understand technical analysis. I've been doing it for a very long time and have had great success. I would recommend reading this book, even professionals have referred to it as the bible.
less than 1% of "traders" actually make money off of it long term. You are competing against machines that can trade 1000000xs faster than you with billion dollar firms backing them. Good luck
You are not competing with the machines. Most traders lose money because they don't have any clue what they are doing and let their emotions control their actions.
You are not competing with the machines. Most traders lose money because they don't have any clue what they are doing and let their emotions control their actions.
You are competing against machines that can trade 1000000xs faster than you with billion dollar firms backing them.
Traders aren't competing against machines any more than long-term investors are competing against swing traders. Different trades, different criteria, different time frames, different goals.
Wish I had a dollar for everyone who thinks that, though.
Traders aren't competing against machines any more than long-term investors are competing against swing traders. Different trades, different criteria, different time frames, different goals.
Wish I had a dollar for everyone who thinks that, though.
Armchair "experts" ITT, if you knew you would be making a killing off of them not posting on CD.
Quote:
Originally Posted by bmw335xi
You think the rich are out to kill every man, woman and child. I remember you from the politics forum
Don't blame your failures on the system. If I did that, I wouldn't be anywhere near where I am today.
Traders aren't competing against machines any more than long-term investors are competing against swing traders. Different trades, different criteria, different time frames, different goals.
Wish I had a dollar for everyone who thinks that, though.
The other poster probably copied and pasted some info he read about day traders who have suffered at the speed of program trading. Day traders try to profit on very small price movements and might lose out to program trading that can execute a lot faster. For traders with a longer time horizon, the speed of program trading is not a problem because they don't try to profit from small price movements. That is not say that a lot of them won't end up losing, but program trading is not the reason they lose.
Traders aren't competing against machines any more than long-term investors are competing against swing traders. Different trades, different criteria, different time frames, different goals.
Wish I had a dollar for everyone who thinks that, though.
Exactly!
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