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What's the best trading system for a beginner?

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  • #76
    The most effective strategy for a newcomer might be the one based on the mhe simple ovement of MACD indicator. I used to start with the simple options like this myself. Moreover, it makes it easier to indicate a trend.

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    • #77
      I will advise you to study the Zigzag, this is an interesting indicator. You can build a trading system based on it.

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      • #78
        Can somebody recommend me an advaned e-book or course where I can improve my trading results and learn new strategies, please?

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        • #79
          Originally posted by dvid View Post
          Can somebody recommend me an advaned e-book or course where I can improve my trading results and learn new strategies, please?
          Fact of the matter is most trading systems simply do not work, what I mean to say is they do not have positive expectancy, it doesn't matter how disciplined you are and what your personality type is if you trade them you will lose, stop loss & position sizing wont matter either, you'll lose all your money anyway with or without them, you'll just lose at a slower rate if you use them but the final outcome will be the same ........

          Ask yourself ..... most educators / system sellers have dozens & dozens of anonymous testimonials or simulated results on their website but you'll rarely if ever see an actual trading statement let alone an audited one .... why is this?

          There are very few exceptions to this, so don't waster your time reading books on strategies, sure you can read about psychology, position sizing, discipline etc .... but very very few books on strategies actually work
          Last edited by hermanhess; 02-06-18, 05:27.

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          • #80
            good afternoon. Please tell me, I was looking for trading systems to trade successfully, but I can not figure out what is best to use a beginner. Found site
            HTML Code:
            http://tradelife.ru/
            there are a lot of strategies. Tell me, what is better to choose for Forex trading novice?

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            • #81
              Best Stock Brokers for Beginner Investors 2019
              1. TD Ameritrade - Best overall for beginners.
              2. Fidelity - Great education and research.
              3. E*TRADE - Best web-based platform.
              4. Charles Schwab - Well-rounded experience.
              5. Robinhood - Easy to use but no tools.

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              • #82
                Such a large number of factors FXJeff. You should respond to inquiries before others can support you. You should recognize what kind of dealer you intend to turn out to be, how much time you can submit, the desires you have and in the event that they are straightforward, the time period you will exchange and amid what hours the market is open.... Answer these sort of things at that point individuals will point you in to some degree a bearing.

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                • #83
                  Now that you know what makes the best possible trading course, let's dive into some great options for beginners.
                  Warrior Starter, Warrior Pro, and Warrior Inner Circle from Warrior Trading. ...
                  Investor's Business Daily: Options Trading Course. ...
                  "The Complete Day Trading Course" from Udemy. ...
                  Investitute Education.

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                  • #84
                    Originally posted by Sami Samith
                    For all newbies, get to know about basic concept for forex trading. Start forex journey with Demo account offered by best forex broker ( Baazex.com )

                    boost up your trading skills with continuous learning. Plus check out how to become successful trader and golden tips share by Expert forex traders.
                    Don't mislead members, this broker is registered in offshore location on West Indies and there is no affiliation from well known financial authorities. It is just a simple B-book broker operating from an offshore location where there is no guarantee for your money.

                    When you start your demo, find a good legal broker and start with them. So that you can get used with the broker during the demo period an open the live account when you are satisfied

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                    • #85
                      Beginning myself. Been watching some YouTube videos.

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                      • #86
                        There is no "Best System". Best system is system which will be according to your need and how you understand the market. Best system for person A can be totally different in compering with person B. Someone likes fast scalps, someone short swing trading. So best system is system which will fit your trading personality the best...

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                        • #87
                          I have to agree with AdamUS - you really have to find something that makes "sense" to you and fits your personality.

                          For example, I have a long term investment that I am very comfortable with, and don't check on it (very much set and forget)

                          But when it comes to trading, I find it hard to do swing trading because I "want" to check on the position many times during the day. That is just my personality. So I am looking at daytrading ideas that will fit this tendency.

                          Also, in my trading, I need to see some "proof" (backtesting or past results) that will give me confidence that the method I am following actually gives me an edge.

                          So just like not everyone is suited to the same job or occupation, not every trading method will fit everyone either.

                          But I am finding more about myself in this trading journey (so not a bad thing).

                          My 2 cents worth.

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                          • #88
                            Originally posted by cbinbc View Post
                            I have to agree with AdamUS - you really have to find something that makes "sense" to you and fits your personality.

                            For example, I have a long term investment that I am very comfortable with, and don't check on it (very much set and forget)

                            But when it comes to trading, I find it hard to do swing trading because I "want" to check on the position many times during the day. That is just my personality. So I am looking at daytrading ideas that will fit this tendency.

                            Also, in my trading, I need to see some "proof" (backtesting or past results) that will give me confidence that the method I am following actually gives me an edge.

                            So just like not everyone is suited to the same job or occupation, not every trading method will fit everyone either.

                            But I am finding more about myself in this trading journey (so not a bad thing).

                            My 2 cents worth.
                            Excellent points! I have found daytrading is really hard, and backtesting can easily mislead you...

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                            • #89
                              Originally posted by TradeAlpha12 View Post
                              Excellent points! I have found daytrading is really hard, and backtesting can easily mislead you...
                              Hi TradeAlpha - good points.

                              Daytrading can be hard if making quick decisions under stress is not your strength. Luckily, I have raised 4 kids with homeschooling, so I know what stress is about

                              Regarding " backtesting", maybe I did not explain my thoughts well. Backtesting does assume that past performance will continue into the future (which is not something that can be assumed).

                              Perhaps a better idea would be to look for a "robust" strategy (broadly tested to work for many years - such as VSA or Wyckoff or trendfollowing or ??) that is taught by a trusted, veteran, successful trader (say Chris Lori or LBR, as opposed to all the unknown, new Youtube gurus that appear every week with a new course). This personally would give me some confidence that I had an edge, even during the inevitable drawdown periods.

                              Good luck with your trading journey!

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                              • #90
                                Originally posted by cbinbc View Post
                                Hi TradeAlpha - good points.

                                Daytrading can be hard if making quick decisions under stress is not your strength. Luckily, I have raised 4 kids with homeschooling, so I know what stress is about

                                Regarding " backtesting", maybe I did not explain my thoughts well. Backtesting does assume that past performance will continue into the future (which is not something that can be assumed).

                                Perhaps a better idea would be to look for a "robust" strategy (broadly tested to work for many years - such as VSA or Wyckoff or trendfollowing or ??) that is taught by a trusted, veteran, successful trader (say Chris Lori or LBR, as opposed to all the unknown, new Youtube gurus that appear every week with a new course). This personally would give me some confidence that I had an edge, even during the inevitable drawdown periods.

                                Good luck with your trading journey!
                                You won't find quality courses online even paid ones that pretend to be not scam explain some basic stuff you can find after digging a bit deeper than first page of google search result. Same can be said about YouTube - comprehensive courses are **** but there are useful single videos on some subject made by some enthusiasts.

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