1.Take archipelago SPY ,IWM,QQQ www.archieplago.com book ,it is free 2. As multiple errors expected take only 1% of risk for each operation Example capital 5500 $ ES bid 1 1226.50 stop loss 1225.50 risk 50$ + 5$ t.k = 55$ = 1% of capital
P.S. Openecry need low downloading volume 1.55 MB .It would more stable as all .net based /need 25 MB/ Onyx,Ninja,Infinity pro,CQG and TM/8.4 MB/,SR /12.4MB/ But try arrange reserve http version .If your office/home connection would crashed with http you can access from Wireless LAN spot from Mobile tel. providers from University from McDonald ,airport,railroad station & http from REFCO is stable
Also, have a spare $20k-$30k that you are willing to burn away in your learning curve, plus a spare $20k which you won't touch during your learning curve but will use to start trading with when you start to become consistent... Also have 2-3 years worth of living expenses available that will fund you through your learning curve... if you live cheap, that may mean another $30k on top of your learning curve funds and post-learning curve grubstake... All in, $80k should take care of everything... if you go into this game undercapitalized, I guarantee that you will fail... If you show strict discipline, trade small and have a bit of luck, then you may have a shot at making it through the 2-3 year learning curve without losing more than $30k... Stick at it for 5 years, and you may even be able to make a decent living...
To candletrader -- spare 80k$ - it is decisive false Important in how many parts can be capital divided if can trade 0.01 $ Risk + 0.02 $ t.k. enough 1.2 $ start capital Broadly offered t.k 4.5$ and broadly possible SL 1 point for ES or 0.5 for ERT. With 5.5 k$ and SL 1% operator would received full experience about he's skill /read Rotella /
Sorry some error in posting before by typing was trade 0.01 $ risk + 0.02$ t.k must read trade 0.01 $risk + 0.002$ t.k sorry ,Gentlemen