lol this industry is the only industry where everybodys an asshole but in reality, I believe methods can't really be taught around, cause the markets always changing, 2 ways to make money: 1. To make money from $0 requires lots of "searching" of inefficenys. 2. To make money from $500k+ requires lots of patience and long term waiting. The market only has lots of "inefficienys" (bad spelling) during the dumb money stage (year 2000) where every dumb person made money. These days there are not a lot of efficieneys people can exploit. You are competiting with like 10,000 other well capitlized people to find effiicineys. 1. Trading that doesn't require lots of capital (daytrading) Relies intensely on either a) exploiting inefficencys (nobodys going to tell you what they are cause its free money) SOES, ARCA coming on scene in 2000, gold arbitage with london back in the days Lots of others, nobody speaks about it. INEFFICIENYS dissapear rapidly , so once you know about it, its already gone , thats why everybody mentions "market has changed.." . Thats what they are talking about. Short term exploitation. Its kept secret. You would too if you found one. b) personal "experiences" where they have seen everything and everything, which takes a long time to master. These are 2 things nobody can really teach you. ------------------- 2. Warren buffet's style / investing styles. Trading that requires lots of capital (long term investing) that returns 30% (if you are the BEST!) a) This can be taught because its basically, buy good companies at BELOW cost price. So you make money immediately. buying AAPL right now would be diaster, its not below cost, its way above it. You can buy right now and maybe make $3 , but if you hold it for a few more months, it'll go straight down -20. If you bought at cost @ $80, it might hover around your price but won't give you a huge drawdown. Lots of people teach these methods but very few people utilizes it correctly mainly because it takes a long time to see "results" and it requires LOTS of capital to make it worthwhile. ----------------- As you can see both methods , one nobody teachs you , because its free money. , the other requires lots of patience and capital. Take your pick.
Bullz, You might try wattstrading.com (I think, Ryan Watts). He'll sell you his strategy for 50 bucks along with access to his yahoo board and chat room and he might just be willing give you some personal tuition for extra dollars - I suspect more than $50. But the combination of his basic support plus extra tuition might do it for you.
BnB -- Why do you want this so badly? They're a lot of other ways to make a buck, and many require less effort. Why trading?
you ain't got what it takes Bogan you love yourself too much, experience some pain and take a chance or go home bud. YOU FIGURED OUT THAT I AM A FRAUD please go on believing that, your life will seem better, and ultimately that is what it is all about.
BNB, What are you looking to get from a mentor? Are you looking for a trading strategy, or are you looking for someone to help you trade your existing strategy? Have you looked at other futures markets? Personally, I don't like the index futures, and I can't trade them well. You might look at some other markets to see if there is one that speaks to you (grains, currencies, energy). Of the indices, I think the ES is relatively hard to trade -- if you feel like you must stick with the indices, look at the NQ for a couple of days. Most vendors are going to try to sell you their way of trading, with a one-size-fits-all attitude. There may be plenty of trading strategies that just don't work for your personality. I think it's very important to find your own trading method that works for you. For a long time, I tried to swing trade spot forex using fibs and some other TA stuff. While the strategies were legitimate, I realized that I simply didn't have the right outlook for that style of trading. So I focused on the style that works for me. I'm happier and more profitable. Please tell us a little more about your current trading style. Entries, exits, stops, targets, etc. There's always help to be found on these boards that doesn't cost you money. Most help will require some elbow grease on your part, however. An answer that is handed to you probably isn't worth much.
oh and Bogan how cum you didn't read what I wrote I would teach my student by phone live trading, Student would be placing same orders as me LIVE you figured me out ????? you are such a stupid little bitch you WISH you had 10 k to pay me and learn from me and remember bogan, if you trade US futures I am taking your dumb money !!!!!!!!!!!!!!!
Bullz, This is pretty good advice if you want to learn a solid scalping method. Ryan Watts will help you. He's not a scammer or a fraud. Good advice Kiwi! MDT
You might read Yoder's book, Mastering Futures Trading. Nice solid approach to trading using simple patterns that are always there in any market. I was a bit dissappointed in the book as it is subtitled "advanced strategies" and I found nothing new in it, but I think it is a good introduction to futures trading.