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Author Topic: Trading on the financial Market?  (Read 3911 times)

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Jesper

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Re: Trading on the financial Market?
« Reply #75 on: March 13, 2017, 04:10:48 PM »
Finance income is taxed here, but below working income. Gambling is taxfree if the registered of the casino is in EU, which near allways is Malta.
 
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Geoffrey

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Re: Trading on the financial Market?
« Reply #76 on: March 13, 2017, 04:19:45 PM »
at Juice and Mr Perfect: Thank you for the kind words. Much appreciated :)

I'll do my best not to dissapoint with the book, gonna take my time. No point in rushing things. Wanna cover as much as i can. Be easy to read for novice people and still have a lot to offer for more expierenced people. No idea how the final result will look like, but i do have a draft in my mind about how its gonna be.

at Reyth: its pretty easy to start daytrading in terms of capital yes. A couple of 100 suffice to get you started. the question is will it be enough to cover your needs? thats the starting question before ever considering trading. It is knowing what you wanna get out of it, what you are pleased with. If the answer is : ' a little extra spare money'. Then yes go ahead with small amount.

For me i see daytrading as a second income. so starting with something like 500 bucks to 1 k would not sattisfy my needs.

To be honest i started with 5K, if i could restart things i'd prefer to start with a least double that amount. But things are as they are. doing just fine. although it would have spared me a lot of time. but hey i'm not going to complain.

at Jake: glad to hear and read that you have improved yourself. Trading fees sure are a thing not to take lightly. Paying to much only affects your profits. in the long run this can make a huge difference. Although i dont trade using apps. (i only use them for financial news).

at Mr Perfect: about the taxes, yes indeed its like SB already mentioned. it differs from country to country. so couldn't say for sure what is valid in your particular situation.

Seems like SB is from holland. I'm Belgian, so in some way we are neighbours. Be still law is different.

I dont know for holland but over here, a speculation tax was introduced. Meaning punishing people who daytrade. we would have been obligated to pay 33% tax if we didn't buy and hold for over a certain periode of time (months). But as always, there were ways to get by this. So the gouvernement didn't earn as much as they tought they would, so they've already dropped this rule.
Meaning politicians in my country are a bunch of morrons. The human race has always been able to adapt in changing evironments /situations it was in.

So they didn't forsee that people would change their ways, looking for solutions to the problem opposed.

this is just a little example of how a introduced new law can effect the business you are in.

In general the broker will send you a document which you need to fill in your tax form. I have the luxery to have an ex girlfriend who's in the financial branche, so all things related to taxes, i give into her hands, because she knows everything about it. how to get by some things , cause there are always some backdoors that can save you a lot a money.

But that's just the way it is over here in my country.

How it is in your case? surely will be different. I suggest you go inform yourself with the help of a financial expert. thats way more solid, than reading tons of different stuff on the net that contradict one another.

At Shadow: Glad to see there are others feeling confident about their trading. although i dont calculated average winnings in terms of weeks, for the style i'm trading that time window is to short.i dont count in pips eihter. when i would calculated it that way. my strategy would look very inconsistent at first glance. when i look at the numbers from month to month, i already mentioned what the results are. I hope you continue to do the same. Continu doing a good job and good luck :)

I see you are using leverage. I dont mind that approah. You should do what you feel comfortable with. But i wont advice it for someone not experienced. agreed?

and a question to you to finish off: as you are from holland, what's your opinion of the available books about investing and trading in Dutch? Me personally i dont find them being much of value, besides covering a solid foundation maybe. But they dont dig deep enough for my liking.
 
« Last Edit: March 13, 2017, 04:38:08 PM by Geoffrey »
 
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scepticus

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Re: Trading on the financial Market?
« Reply #77 on: March 13, 2017, 04:45:14 PM »
I am off on holiday  next week and am loading a few books from Amazon Kindle to read. One deals with finance and investment . "The Long and the Short of it " . Cost £3.79. Am looking forward to reading it  while sunning myself.. 
 
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Geoffrey

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Re: Trading on the financial Market?
« Reply #78 on: March 14, 2017, 11:43:34 AM »
Enjoy your holiday scep, have fun tanning and reading. About the book, i dont have that one on my shortlist, but i do know there are lot references in it about another book , the intelligent investor by benjamin graham.

Anyway let hear your thought on the book when you've finished it :)
 

Geoffrey

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Re: Trading on the financial Market?
« Reply #79 on: March 14, 2017, 04:10:11 PM »
example of my results this month

made 20 trades

2 good trades (hits) gain 880 euro

6 bad trades (losing) 264 loss

12 break evens = 0

so halfway this month i realised a 616 euro profit.
 
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scepticus

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Re: Trading on the financial Market?
« Reply #80 on: March 14, 2017, 04:18:45 PM »

Enjoy your holiday scep, have fun tanning and reading. About the book, i dont have that one on my shortlist, but i do know there are lot references in it about another book , the intelligent investor by benjamin graham.

Anyway let hear your thought on the book when you've finished it :)

Will do Geoff.
Have resisted the temptation to open it but I think he will have a " broad brush" approach. I think I will need to reread  it - perhaps a few times- to understand it .  Aimed at " Beginners " .
 
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Geoffrey

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Re: Trading on the financial Market?
« Reply #81 on: March 14, 2017, 04:53:59 PM »
always nice to hear the insights of different autors. In a way thats what displeases me about most books (the broad brush approach) in which you mean you expect it'll be kinda general.

In my opinion there are just to many books around of this kind. Nonetheless, still possible that there'll be differents things in it that have some value.
 

ShadowBlue

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Re: Trading on the financial Market?
« Reply #82 on: March 15, 2017, 08:26:17 PM »
Hi Geoffrey i have only read on some websites and a forum about price action trading.

Some interesting books i did read about trading are: Mark Douglas Trading in the Zone.
And a great interview on youtube:  Mind over market.  And High performance trading from Steve Ward.

And i found some great free articles on learntotradethemarkets from Nial Fuller.
I agree with you that beginning traders not should trade with leverage.

Also before they use real money.  They must first learn to become profitable on a practice acount.

I wish you the best with your book.
« Last Edit: March 21, 2017, 08:47:34 PM by ShadowBlue »
 
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Reyth

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Re: Trading on the financial Market?
« Reply #83 on: March 15, 2017, 08:29:09 PM »
I agree.  Paper trading is absolutely essential to learn the skills to survive under pressure and execute the plan.

Nowadays, the brokerages have free softwares that will assist you greatly in this process.  Back in the day, we used to have to consult the newspaper on a daily basis.

With the free softwares u can trade the market on any day (past results), tick by tick and track your results as if you were actually trading live.
 
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Geoffrey

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Re: Trading on the financial Market?
« Reply #84 on: March 21, 2017, 04:14:17 PM »
after being a few days off, because off other priorities.

At shadowblue: yeah man i think al already mentioned him. Douglas to me is a the referencepoint when talking about psychology in trading. Trading in the zone really is a good one.

I had a look at the site you were refering to, you are right. Interseting stuff to read there.

As of now i'm papertrading on US market because i think i'm onto something. Just taking it easy, double check if the hunge i have is correct. But i'm not that accustemed to the high volalility and speed in this market. So i have to get used to this and turn up my handeling speed before actually putting money on the table.

after first days of papertrading , feels like the feeling i got was spot on (made 600 dollars in 3 days within half an hour)  dont care if its papertrading money, I'm just here to  check on something.But i'm not in a rush. I'll take it slow and test this for the remaining of the year, before jumping to conclusions. But things did start off looking promising.
But i'll take my time getting comfortable in this market. Only then you are good to go.

Exactly what i needed for my educational program and book. surely will emplement this.

So yeah reyth papertrading and backtesting sure is essential.
 
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ShadowBlue

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Re: Trading on the financial Market?
« Reply #85 on: March 24, 2017, 04:48:36 PM »
Hi Geoffrey,

It seems you are having fun. Forex is great a lot of opportunities on a daily/weekly basis.

I am used to the the high volatility and speed in the markets. And i love it.  Keep us updated........  ;D

And who knows people are interested in the strategies we use. And do want to learn them.

Nice that kav moved this thread.
 
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Geoffrey

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Re: Trading on the financial Market?
« Reply #86 on: March 29, 2017, 12:11:37 PM »
wasn't able to do trading as i used too last couple of days, my dad needed a  helping hand with renewing his roof.

Still was able to make 200 net profit. which make the month total over 800 on my actual account

with papertrading on the US market i realised another 180 net profit= which comes to just under 800 (only on 8 trading days)

about the volatility , seems challenging at first, but getting the hang of it. Curious if my gameplan on the US stays as effective as is has from the start.

today and tomorrow i wont do any trading. busy preparing for the technical analyses convention in paris on friday.
 
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Reyth

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Re: Trading on the financial Market?
« Reply #87 on: March 29, 2017, 02:12:28 PM »
Grats! :D
 

Jake007

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Re: Trading on the financial Market?
« Reply #88 on: April 02, 2017, 03:21:00 PM »

I love precious metals and have followed and purchased a lot in the past, but realize the movements happen slowly. For example if you used technical analysis and bought gold in early 2016 and then sold in late 2016 you could have made 15-20% (which is not bad at all for precious metals in 10 months). Most blue chip stocks move slow like this too, unless of course you get a quick 2 or 3 bagger from a crazy tip.

If you are good with technical analysis you could do seriously well with crypto currencies, which is what I have moved onto over the past few months. A few examples...

ETH = $12 to $50 in a month (4x money)
DASH = $14 to $117 in one month (8x money)

I think I mentioned before that I bet heavily on Trump and won a bunch, but I also bought "Trumpcoin" before the election. I bought in at 3 cents, it skyrocketed to 55 cents. Clintoncoin also went up before election date. You could have easily bet on both and been ready to dump the loser when results came in.

TRUMP = 3c to 55c (18x money)

About a month ago I bought into LEPEN coin at 0.00000003 and just sold it at 0.00000030... 10x my money right there in a month. I am waiting for TA signals to buy back in. The Macron coin MCRN has also seen 10x profit in the past week. Unbelievable. I could never do this with stocks. Profits are life changing.

- you can trade hundreds of alt-coins on yobit.com
- you can use TradingView charts on coinigy.com for alt coins
- check coinmarketcap.com to look at gainers & losers

Craziness examples of crypto currenices... CHAT coin was up 800% yesterday alone. MUSIC coin was up 600% yesterday. SPHERE coin is up 400% today. BUB coin up 400% today. XBC coin is up 1300% in the last week. Its crazy. You just need some bitcoin to buy some of these alt cryptos.

Hope it helps someone.
 
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kav

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Re: Trading on the financial Market?
« Reply #89 on: April 02, 2017, 03:59:47 PM »
Great post Jake! Thanks
Since we now have a full board dedicated to Trading, don't hesitate to start new topics for specific subjects instead of posting everything in this thread :-)
 
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