[quote]Dr. Pangloss wrote:
Lots of trading talk in here: http://tnation.T-Nation.com/free_online_forum/world_news_war/price_of_oil?id=6168072&pageNo=1[/quote]
Thank you Dr.Pangloss, do you have any other recommendations? As I already have subscribed to this topic already and have been following diligently. [/quote]
Check out Eminimind.com, schooloftrade.com, sidewaysmarkets.com, and big mikes trading forum. All great sources of information for day trading futures.
Investopedia is a handy resource for all things trading related as well. They have a great way of making things easy to understand when you are first learning.
Once you are at a level of understanding where you can paper trade and understand whats going on, watch videos on youtube of people trading. Its an invaluable resource and one of the best ways to sharpen your skills.
Most important thing is to manage risk and keep it simple. ALWAYS place your stops. ALWAYS plan your exit strategy ahead of time. No when to walk away.
You dont need 10 indicators and 6 charts to make profitable trades. Make sure your charts are easy to read, and start off with the basic indicators such as volume, EMA’s and SMA’s. Then you can start to make use of other tools like Fibonacci retracements. Simplicity is key. [/quote]
Audiogarden1 thank you very much for your thorough, and explanative responses! I will be following all your advice and start researching via those sites that you shared. Once again thanks for your time, and sound advice [/quote]
I am no expert. Ill try to give you some newbie tips that help me but im no authority on trading. Different personalities fit different trading styles/strategies, you may find that what works for me doesnt work for you at all. There are guys on this site who have forgotten more about trading than i will probably ever know.