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Wattie

Member
Messages
8,640
I’m loo

I’d like to learn to trade but as you say the market is full of people/companies offering this service. Trading 212 come up a lot but I just don’t know. I’m looking for a service that has a decent live demo a/c with a view to start live in April next year. Could also be interested in a signal service. Any pointers would be appreciated.
Simon,
Froddy has some serious analytical skills on the chart reading trading front. It's an excellent skill to learn and master but be aware that we live in extremely volatile times....a tweet here, a comment there and things change dramatically.
If you start trading, tread carefully.

Personally I'd be wary of signal services...many I suspect are bent........lambs to the slaughter. Learn to research your investments, read the charts/trust your gut and invest in quality.

Midlife above has been using an IG demo account- with excellent results. He may be able to assist on how easy it was to establish.
 

Simon1963

Member
Messages
819
I was looking for something with a demo a/c to play around with for a few months to see how I get on. I’ll have a look at the IG demo account. Thanks for the info.
 

Froddy

Member
Messages
1,072
I’d like to learn to trade but as you say the market is full of people/companies offering this service. Trading 212 come up a lot but I just don’t know. I’m looking for a service that has a decent live demo a/c with a view to start live in April next year. Could also be interested in a signal service. Any pointers would be appreciated.
Hi Simon,

I have no experience of Trading 212, so I can’t comment upon their service. Starting with a demo account is a very good idea, and IG is a good broker platform.

To get you started, I can recommend a company called marketsmastered.com which provides a complete package of training, strategies and a signal service of sorts (they send out a list of imminently actionable, daily trades in forex/gold/S&P) which you can action in accordance with the strategy when the conditions are met. This is an excellent service - the training manuals cost about £60 from memory and then the daily signal service costs about £30 per month I think. This is low-cost, excellent novice training.

I’ve emailed the owner, Nick, to ask him whether it’s okay for me to give out his email address so that he can look out for anybody from here who is interested - I’ll let you know if/when I hear back from him. The good thing about Nick is that he will answer questions and help you get to grips with his strategies.

Another excellent company, but based in the US, is simplertrading.com. This is a Rolls-Royce service with superb education, chart indicators, live trading rooms and live signals for forex, futures and stock options trades. It’s really, really good but comes at a price. Most of my technical analysis knowledge has come through this company.

Another excellent source of knowledge is through free education which is offered by a man called Rob Smith, who calls himself “RobInTheBlack” and has a YouTube channel called “smithsintheblack”; his Twitter handle is @RobInTheBlack. He has devised a trading system based upon price action and quantitative analysis called “the strat” which is absolutely brilliant. This is where I got the concept of “broadening formations” from. He also has a live trading room ($200 per month) on a platform called tickerticker.com.

Hope this helps!
 

dgmx5

Member
Messages
1,142
Capital does a good demo account platform.

Lots of potential post the US-election/next big crash. Markets are looking very nervy the last few days.
 

GeoffCapes

Member
Messages
14,000
Wish it was real money...

Therein lies the problem.

When you're not using your own money it is quite easy to make a decision on whether to buy or sell.
However, when it is your money it's tricky to buy and tricky to sell. Even more so if you are cutting your losses.

The best tip I could give is never get emotionally attached to a share. Too many people do, and end up losing.
Remember 75% of individual investors lose money at trading shares alone. I dread to think what it is on Forex!
 

Froddy

Member
Messages
1,072
Wow - very big S&P bearish options bets in the last 15 mins of the US cash session - these guys are not messing about!

76813
 

Wattie

Member
Messages
8,640
.........Markets are looking very nervy the last few days.
1.The Ponzi has run out of cash- stimulus.
  1. It’s not clear who’s gonna be providing the next cash- election uncertainty
  2. Market fundamentals went out the window years ago- massive overvaluations everywhere.
  3. Global Virus case numbers getting worse (death numbers reducing %wise) with potential shutdowns everywhere (seen politically) as the only solution. Vaccine concerns re immunity beginning to arise.

Economies destroyed as a result.

I’m expecting some big falls soon and social unrest.

Money printing (stimulus) will not solve this.
 

Wattie

Member
Messages
8,640
I’m in a lot of cash just now (Pension) and recently realised Tax free cash.
If metals fall I’ll be backing up the truck and adding more physical as well as some share positions.

I think this is gonna get very tasty in the next few weeks.
 

Froddy

Member
Messages
1,072
I’m in a lot of cash just now (Pension) and recently realised Tax free cash.
If metals fall I’ll be backing up the truck and adding more physical as well as some share positions.

I think this is gonna get very tasty in the next few weeks.
It's possible that we'll see a repeat of a US$ surge and a fall in the metals as happened in the last crash.

Here's that broadening formation chart again from a while back (spot gold):
 

Wattie

Member
Messages
8,640
It's possible that we'll see a repeat of a US$ surge and a fall in the metals as happened in the last crash.

Here's that broadening formation chart again from a while back (spot gold):
Sold to cover margin calls too.......if markets collapse.
Remember too that any drop in the $Gold price is often offset by the $ strengthening against other currencies (which are falling)

Gold acts as a currency against all other currencies (which are being debased)
 
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Froddy

Member
Messages
1,072
I've just had a look at the gold (spot) USD weekly chart, and have run some volume profile and anchored vwap calculations.

If gold falls, it could do so very quickly as there is no volume support below the current price. There's clear volume support at c. $1,740; below that there is the volume point of control at c. $1,500, and then further vwap support at c. $1,460 and c. $1,420.

This doesn't mean that there would be no buyers above these key levels - just that there’s no sign of them yet from my chosen anchor points.

https://chrt.biz/XAUUSD/2635txbjfs/chart/
 

JJbing

Member
Messages
445
I use trading 212, all was fine until today when they’ve widened the spread post market close to throw my open trade from £600 up to £2.2k negative.
 

Froddy

Member
Messages
1,072
OMG that’s appalling - what a bunch of cheating c u next Tuesdays!

You must be sick with rage ...


Sent from my iPhone using Tapatalk
 

JJbing

Member
Messages
445
OMG that’s appalling - what a bunch of cheating c u next Tuesdays!

You must be sick with rage ...


Sent from my iPhone using Tapatalk

I am, looking for a new broker ASAP. Apparently ETORO did a similar thingwith bitcoin a few years ago. Went into the Gym a happy man whilst the market was open...left white faced!
 

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JJbing

Member
Messages
445
Compared to the comparably tiny spread on the FTSE.
 

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Froddy

Member
Messages
1,072
Hi Simon,

I have no experience of Trading 212, so I can’t comment upon their service. Starting with a demo account is a very good idea, and IG is a good broker platform.

To get you started, I can recommend a company called marketsmastered.com which provides a complete package of training, strategies and a signal service of sorts (they send out a list of imminently actionable, daily trades in forex/gold/S&P) which you can action in accordance with the strategy when the conditions are met. This is an excellent service - the training manuals cost about £60 from memory and then the daily signal service costs about £30 per month I think. This is low-cost, excellent novice training.

I’ve emailed the owner, Nick, to ask him whether it’s okay for me to give out his email address so that he can look out for anybody from here who is interested - I’ll let you know if/when I hear back from him. The good thing about Nick is that he will answer questions and help you get to grips with his strategies.

Another excellent company, but based in the US, is simplertrading.com. This is a Rolls-Royce service with superb education, chart indicators, live trading rooms and live signals for forex, futures and stock options trades. It’s really, really good but comes at a price. Most of my technical analysis knowledge has come through this company.

Another excellent source of knowledge is through free education which is offered by a man called Rob Smith, who calls himself “RobInTheBlack” and has a YouTube channel called “smithsintheblack”; his Twitter handle is @RobInTheBlack. He has devised a trading system based upon price action and quantitative analysis called “the strat” which is absolutely brilliant. This is where I got the concept of “broadening formations” from. He also has a live trading room ($200 per month) on a platform called tickerticker.com.

Hope this helps!
Dear all,

I’ve now heard back from Nick at marketsmastered.com, and he’s confirmed that he’d be delighted to help anybody who is interested in his education and trade alert programme.

He’s said it’s fine for me to post his email address, so that you can contact him directly:
nick@marketsmastered.com

I really think the service he offers is excellent - it’s low-cost, well-explained and worth the money. He also acts as a mentor by answering queries to help people get started in trading. You can trade his strategies with a very small account, and his methodology means that losses are tightly controlled.

If you mention me (Alex Frodsham), he’ll know that you’ve come with my recommendation.

Good luck!