Hi I'm new here

• 10/22/2016 at 7:42 PM #15329
  tapsomepips

  Hi Everyone,

  Just an introduction.  I’m UK based and have been trading on and off for many years, it’s just work after all.  I have used many platforms over the years.   In fact, back in the day, trading commodities, it was full service US brokerage houses over the phone and the WSJ Europe the next day!  The brokerages were charging about $150-200 per round turn, so you really had to be trading in the correct direction.

  Oh, how time flies and tech moves on.  Time to up my game again.  I’ve been using MT4 for many years now and can get it to do pretty much what I want, but I am no coder.  With ProRealTime I had the opportunity to dabble, set my own trading rules and put them through the ProScreener.

  Hey presto, the moneys rolling in!  Well not quite!  What I do have is more time, or rather more productive time.  I am in the process of transferring my indicator stack from MT4 to ProRealTime.   I have had a couple of bumps along the way, but that will be the subject of my next post.

  I have read through a number of posts on this site.  I can read and comprehend French (80-100%)  but don’t ask me to write it, bit like my coding, all the vocabulary but no grammar!  You guys are doing some great work, and I personally think ProRealTime should be a game changer for any Thinking Trader.

  There are no shortcuts, but there are tools.

  1 user thanked author for this post.

  Wing

  

  tapsomepips

  Participant

  Topics: 3

  Replies: 7

  Been thanked: 1 time
  10/25/2016 at 9:07 PM #15514
  Nicolas

  Hi tapsomepips and thanks for your presentation! I see that you have probably a solid experience in catching good trades opportunities. Maybe you could share with us some tips or “how-to”? 😉

  Enjoy your stay. See you later!

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  10/26/2016 at 6:14 AM #15525
  tapsomepips

  Hi Nicolas,

  I feel honored, but some what intimidated by your post. Almost like Grasshopper from Kung Fu! Or Keymaster to New Member!

  I write this for all members not a direct response…

  I started out in commodity futures and options then moved to index futures.  I now trade Forex exclusively simply because it is so available and cheap to do so.  As a working UK resident my spread betting gains in this market are tax free for the moment.  That’s not bragging it’s just a huge benefit that is legally available.  I feel that I should try to make the most of it.

  I have a concept that I am trying to realise, hence the need for a more versatile platform.  As you know I am trying to migrate from MT4 to PRT.

  I have always been a lone wolf.  Family and friends do not appreciate what I am trying to achieve hence the reason for the avatar.

  This is my first venture into a forum.

  Tip 1:  Clearly define your relationship with your market of ‘Choice’

  As with any endeavor we have to make a commitment in terms of time and resources.  Our expectation is sometimes jaded especially for newcomers.  This is what I do I am a trader, I am not salaried, I stand each day as if it is my first but not my last.  Unless you are an institutional trader there are no safety nets in place, and even then they have performance measures in place.  Failure is not an option.

  Define what you have available.  Your time commitment, your financial resources.  You cannot cut down a tree with a Swiss Army knife within an hour let alone a weekend!  It’s not about the whole, more about the little chips we get along the way.

  Find the instruments that can deliver for your time commitment.  The deeper your pockets the more you can do within your time frame.

  Seasoned veterans aside, everyone one else is just cannon fodder.  A huge number of accounts blow out every day, so the brokerages push very hard with incentives to attract new customers.

  To survive you cannot gamble everything on one last trade.

   

  I feel I have rambled enough.  There is more than enough out there to make a living.

  To make a fortune you have to try harder, but you already know that!

  I shall continue with my my concept and let you know how I get along.

  Try to find your place, stop chasing it, define your presence and see what comes to you.

   

  

  tapsomepips

  Participant

  Topics: 3

  Replies: 7

  Been thanked: 1 time
• Author
  Posts