This is true, if you can't make money paper trading, you will surly not make it trading with a live account.
I like the markets a lot. If you really want to be good at something you have to dedicate yourself to it all day long. Although before taking the step you have to have done many tests in simulation.
Avoid brokers with high priced software. With a 30k account just the platform fee alone will run you 10.00% annually. Add on commission and slippage, you will need to be head and shoulders better than the average trader. Now if you have a 200k account, not that big a deal. Try and keep your trading software no more than 1.00% annually of account equity.
Thank you I will continue your advice although here in Spain the commissions of the brokers are more expensive
When I quit my job and dedicate myself to intraday trading, I want to use as a main method the use of mobile averages to make my business decisions. Do you think it's a good idea? Those who are already consistent and you have achieved what you see as a good system?
I understand there is an issue as English is not your native language. You are asking about using moving averages and the answer is no. Moving average crossovers kill your account in the long run. They may be useful as a trend filter but not a trade trigger. You need to understand how the markets work before you start developing a trading strategy. Here is a list of you tube channels I wished I had watched when starting out. (In no particular order) https://www.youtube.com/channel/UCzFA5mCxXHSCCGxsDBSuRRw https://www.youtube.com/user/jigsawtrading/videos https://www.youtube.com/user/marketdelta/videos https://www.youtube.com/user/FuturesTrader71/videos Technical indicators can be useful but in my opinion but you still have to watch the auction. It can be very helpful to spot imbalance, absorption, pulling and stacking on the DOM. Many think HFT has ruined the usefulness of the DOM; just watch the two or three levels closest to price. Unless you can afford to quit your job with no income coming in for the next two or three years please don't. You have spare time; use it to learn and practice.
Do you really believe that FT71 offers anything useful? I'm some what familiar with his work, and after watching many of his prep videos, many of his other videos, and seeing that he is more so involved in the broker side of things, I can't help but conclude that he does not trade profitably. His daily videos cover essentially every scenario possible. (ie. It goes up, then down, or it goes down, then up, etc.) Of course he also plugs in own paid content by saying there are even more scenarios shared for members. In his videos on bookmap, he was essentially just leaning on thick levels of liquidity, which only works half of the time. And of the trades he showed, they were mostly crap, and even SIM. If he really was, as I've read, trading 20 to 50 contracts, he should have no need to even think about running a brokerage. Perhaps he wants to be a billionaire, but I think he realized that by making commissions off of other traders churning their accounts, he gets guaranteed money vs. trading profits which of course are not guaranteed. Perhaps at one point he was profitable, but I think he lost his edge and realized he was much better at talking than trading.