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  #1 (permalink)  
Old 30-09-2010, 01:37 AM
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Default So You Want to Be a Trader? Mistakes to Avoid

Many people think they can be a winning trader by just opening an account and entering a position, but beginners don’t realize the potential pitfalls along the way.

Discovering why YOU are the key component in trading
Errors new traders often make
Discovering a positive approach to trading

Videos - TraderPlanet
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Old 30-09-2010, 08:25 PM
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Neither all Ferrari buyers are Michael Schumacher nor all who get a seat in Harvard become nobel laureates, so realistic and careful evaluation of ones capability should be considered before venturing out in any endeavor.and trading is no different.
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Old 21-11-2011, 08:24 PM
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Old 05-12-2011, 12:02 AM
MichealFlether MichealFlether is offline
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Originally Posted by acetrader View Post
Many people think they can be a winning trader by just opening an account and entering a position, but beginners don’t realize the potential pitfalls along the way.

Discovering why YOU are the key component in trading
Errors new traders often make
Discovering a positive approach to trading

Videos - TraderPlanet

The OP`s post look a bit promotional to me, it has nothing informative to learn for newbie people like me.
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Old 14-12-2011, 02:51 PM
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Yes of-course there nothing is informative to learn for new people. I think, for a new trader should keep on track the foundations in finance industry specially in Stock Market. If we are new in particular industry we should have that eager find more information about it. Once we get that knowledge then we should pay an attention at Stock market values and we can trade with buyers successfully.
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Old 15-12-2011, 09:11 PM
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mixing investment with trading is 1 mistake. Not dissociating from gambling is no2
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Old 28-01-2012, 02:04 AM
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Default career advice??

Hi,
I am 21 years old and graduated as an engineer in 2011. I have been working with an IT firm ever since. Due to my ever growing interest in the financial markets and the realization that I am not cut out to work in the IT sector, I decided to explore the idea of working as a derivatives trader. I have been self-educating myself in the field of technical analysis through books, visual tutorials etc. Currently I am reading "Technical Analysis of the Financial Markets" by John J Murphy. I made my resume regarding the same, but it drew a poor response, I think primarily because of lack of any job experience as a trader or any certifications. Desperately seeking advice on:
  • How valuable are CTA levels I and II in terms of pushing my resume forward? I thought of writing the exam for it, but the only hindrance was the heavy enrollment fee, which would take all of my savings so far and then some. But I do not mind that as long it helps me get the desired job.
  • The only firm i know which hires freshers as traders and then trains them is Futures First Info Services. But unfortunately the word on the street is that they are not hiring off-campus as of now. Are there any other firms that hire freshers and trains them?
  • Are jobs like IIFMFX any good? Is it a good idea to give up my current job and get into something like this?
Any advice, suggestions, information is welcome.
Thanks.
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Old 28-01-2012, 11:30 AM
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Originally Posted by abhinsharma1902 View Post
Hi,
I am 21 years old and graduated as an engineer in 2011.
.................................................. ........................
.................................................. ........................
Is it a good idea to give up my current job and get into something like this?

Any advice, suggestions, information is welcome.
Thanks.

I wont like to go in detail...but short answer to your last query is 'No'....its not a good idea.
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Old 28-01-2012, 08:21 PM
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Originally Posted by abhinsharma1902 View Post
Hi,
I am 21 years old and graduated as an engineer in 2011. I have been working with an IT firm ever since. Due to my ever growing interest in the financial markets and the realization that I am not cut out to work in the IT sector, I decided to explore the idea of working as a derivatives trader. I have been self-educating myself in the field of technical analysis through books, visual tutorials etc. Currently I am reading "Technical Analysis of the Financial Markets" by John J Murphy. I made my resume regarding the same, but it drew a poor response, I think primarily because of lack of any job experience as a trader or any certifications. Desperately seeking advice on:
  • How valuable are CTA levels I and II in terms of pushing my resume forward? I thought of writing the exam for it, but the only hindrance was the heavy enrollment fee, which would take all of my savings so far and then some. But I do not mind that as long it helps me get the desired job.
  • The only firm i know which hires freshers as traders and then trains them is Futures First Info Services. But unfortunately the word on the street is that they are not hiring off-campus as of now. Are there any other firms that hire freshers and trains them?
  • Are jobs like IIFMFX any good? Is it a good idea to give up my current job and get into something like this?
Any advice, suggestions, information is welcome.
Thanks.

...........................................
Answer for u ,already given.
i only add READ JJ,pass CTA
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  #10 (permalink)  
Old 30-01-2012, 09:48 AM
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Originally Posted by abhinsharma1902 View Post
Hi,
I am 21 years old and graduated as an engineer in 2011. I have been working ..................

Any advice, suggestions, information is welcome.
Thanks.

Cant you do it together with your job? After all a steady paycheque and a second income!

Yes - it is possible - Provided you put in effort. My trading pays my expenses(some months) and thus entire salary comes in as "savings" which religiously goes into mutual funds or term deposits.

The main aim is to build a nice trading capital and not to take unwanted risk!

Trading pays provided you know what to trade, when to trade and how and how much to trade!
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