My intro!

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  1. #1
    A.D
    A.D is offline Senior Member
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    Sep 2011
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    Default My intro!

    Hey guys,

    Just thought I'd put together a few words as I'd like to be pretty active in this section now that I have access

    I'm a 20 year old dude from Australia, doing the whole Uni thing (Applied Finance and Economics) and I've been active on the markets for the past 2 years (opened a trading account as soon as I was legal).

    I started in stocks, but between uni and a job I found they took up a bit too much time, and I was finding it hard to plan trades and be around to analyse and execute. So I stumbled upon FOREX. I love this market, it is truly amazing. I found it much harder to trade than stocks (just my opinion) but it was more practical for me due to its technical appeal. You can often trade most pairs off a chart with very litte fundamental bias. I spent a lot of time studying technicals, and a lot of time studying fundamentals. The hardest bit is sewing them together to create money I'm pretty satisfied with my progress so far with currencies, but over the last 4 weeks or so I've had so much fun trading the DOW and as a result it now has a chunk of my attention.

    I guess I'm still trying to find my favourite weapon, but I wouldn't complain if I was forced to trade everything Love them all!

    I've lost my fair share of money as you do through the learning process, but this past 6 months has been a big step in my career. I'm feeling right and I'm glad I didn't give up when the struggles came along in the earlier days. I don't care what anyone says, to do this full time would be one of the hardest jobs in the world. My favourite reference to trading is it's the ''mental equivalent of weightlifting''.

    My style is pretty basic and I only trade very small lot sizes at the moment. For me the main focus is being consistent and repeatable. I'm not chasing any million dollar trades, and if I can't look back on a losing trade and say ''if you gave me the chance again, I'd still take it in the same direction'', then I shouldn't have been in it in the first place. I've only increased my lot size twice (as in, I've gone from ''stage 1'' to ''stage 2'' and now ''stage 3'') and as I continue to do better, it will continue to increase as a reward to myself

    Sorry to ramble on. I'll attach a pic of my monitor set up If you have any questions let me know, including the indicators I use. I'm happy to share

    Looking forward to chatting with you all
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  2. #2
    M6Cabrio's Avatar
    M6Cabrio is offline Member
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    Jun 2011
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    USA
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    Default

    Welcome! I am not too much of a "senior" member here, but I like to share my input where I can.

    You sound exactly like me at 20. Ready to trade anything and everything! Rest assured there will be challenges every single day and a new learning experience every time you click the buy/sell button.

    If you like forex you should look into futures and commodities. Same fast paced environment and purely technical trading. And you are right about one thing....this is by far one of the most mentally difficult careers in the world. Believe it or not, physically it also strains the body more than people think.

    Good luck!

  3. #3
    A.D
    A.D is offline Senior Member
    Join Date
    Sep 2011
    Location
    Sydney, Australia
    Posts
    647

    Default

    Hey mate

    Thanks for the welcome! The challenges in this game make you feel surprisingly good. I love working out why a losing trade was a losing trade, just as much as I love a winner It's a great feeling.

    I'm just dipping my toes in the futures markets, and I've done a fair bit of spot gold and silver in the not too distant past. I actually like the metals market, there have been some really nice technical swings, so you're right

    I look forward to exploring some of the other exotics like wheat and coffee futures etc hehe. I assure you I will get there :P

    As for the physical part. You have a point. I know a lot of traders who have strict workout regimes to keep fit and keep things moving, but I know what you mean, the stress is also physically draining.

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