any traders here ?

[BlasterBates]

"Trading Platforms" for day trading are a mugs game, you'll lose your money.

What you want is an on-line broker that just gives you access to the Stock Exchange.

My on-line broker has an interesting statistic actually shows how customers are performing with their portfolios. There is a small percentage of investors punting on speculative trades who earn a bit more than investors with solid portfolios (eg Blue chips and bonds), but most are making a loss.

i.e. go for broke you might earn 20% (tops) but on average you lose 25% because an awful lot of them are wiping themselves out.

With a conventional boring portfolio i.e. following the FTSE tops you earn 11-12% but your losses wouldn't be much more than 10-12% and on average they're getting 5%.

Conclusion, it aint worth speculative trading because the risk isn't worth the extra few percent. Just learn to be a good trader with blue chips and try and get 10-12%. For that you don't need a trading platform.

90% of day traders lose 90% of their cash in 90 days

[stek]

It is not for day trading I guess.
One of the comments from Asirikuy admin reads " it might take you about 2-3 years to live from this while you truly get an understanding and learn how to do this"

Yeah, the guy makes no promises which is why I spunked up the cash to join, something to pursue when benched maybe. You need to be able to code a bit, and I can't (I can korn shell) but I'll have a bash (geddit!) when I'm less busy. There's a shed load of material on the site, even wading through that is a major task, and I think what others have said is correct, you can do it but not like 30% compound like some claim, 5% compound is maybe possible and from what I read on the forum, 3% compound certainly achievable.

But it's not set it and forget it, to make even a part-living out of it seems you have to be 'into it' and enjoy dicking around with it. That's not me yet but I'm interest enough not to let it die.

[SantaClaus]

I think you guys are getting investing mixed up with trading.

Sticking some money into long term share holdings is not trading.

It is true that 90% of traders lose money, but that's because it was always a hobby for them and they didn't persevere for the 5 years that it takes to learn a profession, be it accountant, doctor or lawyer.

[GlenSausio]

I think you guys are getting investing mixed up with trading.

Sticking some money into long term share holdings is not trading.

It is true that 90% of traders lose money, but that's because it was always a hobby for them and they didn't persevere for the 5 years that it takes to learn a profession, be it accountant, doctor or lawyer.

Hello fancy face.

If you were a successful trader, you wouldn't be contracting in IT.

You've perhaps been lucky. You'll do your bollocks eventually.

[SantaClaus]

Hello fancy face.

If you were a successful trader, you wouldn't be contracting in IT.

You've perhaps been lucky. You'll do your bollocks eventually.

Sorry, I don't have time for juvenile delinquents.

But for the record, I gave up contracting in 2008.

[eek]

Sorry, I don't have time for juvenile delinquents.

But for the record, I gave up contracting in 2008.

I think the phrase is owned....

[administrator]

Hello fancy face.

If you were a successful trader, you wouldn't be contracting in IT.

You've perhaps been lucky. You'll do your bollocks eventually.

As per the warning I just sent, you need to earn the right to be a cocky git on here.

[GlenSausio]

I think the phrase is owned....

You believe in Santa Claus, do you?

[GlenSausio]

Sorry, I don't have time for juvenile delinquents.

But for the record, I gave up contracting in 2008.

2008? That's a long time to be benched!

Have you considered stopping the gambling and maybe retraining?

[eek]

2008? That's a long time to be benched!

Have you considered stopping the gambling and maybe retraining?

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