Trading FTSE and other European Indexes

[pavilion103]

Thanks for the replies.

So it appears that this is a whole new game and screen time is the key.

I think I will begin the learning process by devoting a couple of nights watching the FTSE futures, while I'm trading Aussie equities EOD. Hopefully in the months to come I will gain greater clarity and my questions will be answered.

It was better me coming on here, asking questions and getting a reality check, than assuming the market is the same as equities, keeping my mouth shut and losing thousands of dollars.

[KurwaJegoMac]

Do you wanna know the secret to success in trading?

Read the passage at the link below. If it doesn't make sense, you're not ready.

http://www.somerandom.com/the-jade-master

[Trembling Hand]

Read the passage at the link below. If it doesn't make sense, you're not ready.

http://www.somerandom.com/the-jade-master

I like it.

[pavilion103]

Do you wanna know the secret to success in trading?

Read the passage at the link below. If it doesn't make sense, you're not ready.

http://www.somerandom.com/the-jade-master

I enjoyed that. Most of my learning has been through trading the simulator and making mistakes and gaining an intuitive understanding.


However, there are times for people to be cryptic and times for theoretical guidance. That can help speed up the learning process.

I like the saying "A fool learns from (only) his own mistakes. A wise man from others' mistakes."

[KurwaJegoMac]

I enjoyed that. Most of my learning has been through trading the simulator and making mistakes and gaining an intuitive understanding.


However, there are times for people to be cryptic and times for theoretical guidance. That can help speed up the learning process.

I like the saying "A fool learns from (only) his own mistakes. A wise man from others' mistakes."

I'm glad you enjoyed it.

I agree with you that there is a time for guidance. However what you were asking for were specific examples of others' trading practices after only having spent a few weeks staring at the sim.

You need to spend a lot longer understanding the fundamentals of your chosen markets and observing its' behaviour before going into trading practices.

For example do you know when are the most liquid times of the day for your market? When does volume dry up? Does it suffer from violent swings? What's the typical volatility at different times in the market? What other markets potentially influence yours? Etc etc.

Once you have a feel for the market after observing it, you'll probably be able to come up with your own methodolgy based on what you've observed. The next step is to practice/implement it. Once you've been trading it you can see what works and what doesnt - once you're at this point then i'd recommend asking for further advice about traders recommendations and personal trading styles for your chosen market. You can compare it against yours and incorporate what works for you.

Remember we all have different beliefs about the market and trade a multitude of different styles. If you attempt to start with seeking to emulate a technique of a poster on this board without understanding your market then you'll be setting yourself up for failure.

Hope that helps. We're not trying to be rude or dismissive - we're on here responding because we want to help and we encourage you to ask questions. Just understand that there's no substitute for screen time.

[CanOz]

Some excellent points KJM!

The Dax and FESX as an example have totally different personalities depending on the time of day...watch and you will see!

CanOz

[pavilion103]

Thanks KJM and CanOz

[KurwaJegoMac]

You're welcome.

[5oclock]

Pav is not the only one to have benefited from all of those good posts, thanks again all of you for taking the time to help.A forum is only as good as its posters,and once again ASF shines because of all of you guys!!