Hey. I've been reading books and forums about the markets and trading but I don't know how to start. I don't know what time frame use, what instrument trade, what strategy use... I'm lost. Any help? Thanks in advance.
The best way is to learn from trading itself, not only from books. First, open an account. Second, start trading. Third, rethink and ask others about your doubts.
Thanks for your answer. I have already tried it.. I have a demo account and I have live charts with MetaTrader 4 but when I open it i don't know how to break in it.. It's very frustrating because I really want to trade but I don't know what to do.. I don't know what strategy use or what time frame.. anything.
1. Come up with or borrow a hypothesis as to why markets move. 2. Design a strategy around hypothesis 3. Backtest Hypothesis. 4. If hypothesis isn't rejected, and backtest has positive expectancy...trade strategy with real money
So let me ask you a question and you need to be bloody honest with yourself: Why do you want to trade so badly? Why do you want to trade so badly even though you do not know the first thing about trading?
I'm a finance student and trading is the most attractive thing to me. I don't want to work on a commercial bank or a insurance company. And I think that every single trader was in this point at first.
You said you don't know how to break in it. If you're having problems using the buttons and menus...metatrader has a technical manual you can read and they have a discussion forum. Call the tech support for your software and they can help you with using your programs. Also, join the discussion forums for your software to help learn how to use it. Do not trade...you're about a year or so away from trading based upon what you've said so far. Right now, just concentrate on learning the software you're using but do not trade. What's the name of the University you're a finance student ?