Tradefair & Financials
Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
I graduated from university 2 years ago and I'm looking to get into trading. I haven't got a financial background but I do have a business degree.
I've found a company called Schneider Trading Associates based in London which offer an intense course. Has anyone heard of it or been on their course?
What advice can you give to someone like me? I know how competitive the industry is and realisticly I'm not looking to get into the tier 1 banks. What other routes could I look at? Any info would be great.
I've found a company called Schneider Trading Associates based in London which offer an intense course. Has anyone heard of it or been on their course?
What advice can you give to someone like me? I know how competitive the industry is and realisticly I'm not looking to get into the tier 1 banks. What other routes could I look at? Any info would be great.
Show More
Thanks for giving me the idea of starting a company offering trading courses in the London area 
Can someone shed any light? Or even provide some advice as to how to get into trading/stockbroking?
I went on Sccneiders training course earlier this year,as a present from some one (im 53 ,so well past the graduate age).having a past trading experience,the 1st 2 weeks were just a recap for me & i made it thru to the next part. this is where the fun started--to cover their risks,they teach u some v difficult spreads which I had trouble with & therefore failed 
.gr8 teachers,hard work 6AM TILL 5PM -only trouble is that it will take some time to earn some £££--6 months minimum-,so they are ideally looking for live-atkids home with no outgoings funding themselves,but if they think ur "got it" they will back u financially
btw,Sonny Schneider(the boss man) is a great guy
.gr8 teachers,hard work 6AM TILL 5PM -only trouble is that it will take some time to earn some £££--6 months minimum-,so they are ideally looking for live-atkids home with no outgoings funding themselves,but if they think ur "got it" they will back u financiallybtw,Sonny Schneider(the boss man) is a great guy
If you're good enough to make money for someone else then you're good enough to work for yourself. Obviously you'll start out with very little capital but if you know what you're doing it will grow exponentially over time, and you have plenty of time.
Rather than work in an all day gambling sweat shop, get a job in business you enjoy and trade in your spare time, you don't even have to trade in real time, setting limits ahead of time can be good training in itself. These days all the tools are freely available and the rest is just initiative, discipline and creativity.
Some people get off on dressing up in a suit and being part of the trading team but you're never more than a glorified and dispensible drone if you don't work for yourself.
Rather than work in an all day gambling sweat shop, get a job in business you enjoy and trade in your spare time, you don't even have to trade in real time, setting limits ahead of time can be good training in itself. These days all the tools are freely available and the rest is just initiative, discipline and creativity.
Some people get off on dressing up in a suit and being part of the trading team but you're never more than a glorified and dispensible drone if you don't work for yourself.
excellent advice polybot.
I would add- read a few books. Put $ 1000 in your trading account.You will lose it but gain experience doing it.Its that experience that really counts.
Set limits, trade small in relation to capital, and for fkkkkk sake - SET A STOP LOSS as soon as you enter the trade.
I would add- read a few books. Put $ 1000 in your trading account.You will lose it but gain experience doing it.Its that experience that really counts.
Set limits, trade small in relation to capital, and for fkkkkk sake - SET A STOP LOSS as soon as you enter the trade.
well gresty it al depends on the leverage really, as well as the range and speed. The higher the leverage the more careful you have to be. Say you were trading curriencies @ 100/1 leverage. A single contract means{ in round figures } 10$ a pip.
If you check the euro it has gone from 140.80 to 1.41.50 in just over an hour tonight.Thats 700$ per contract . If I were to trade a single contract of that type I would set a stop loss of 100/150$.
If you were trading with the trend you may push that out to 150/200$.Against the trend , say 80/130$.
The issue with stop losses in currencies is that you can get take out very quick and very often.
Thats what I would recommend a starting trader with the inevitably small bank to start.
For a starting trader I would not recommend curriences but may indexes, where movements are for the large part slower. Trading the S & P for example is a good place to cut your teeth without the risk of doing too much damge in a session.
Personally I dont use stop losses much but I have many years experience and generally trade a very small %%% of my trading bank at anyone time.
I do however TAKE losses if I see I'm wrong.
No doubt melly will disagree
If you check the euro it has gone from 140.80 to 1.41.50 in just over an hour tonight.Thats 700$ per contract . If I were to trade a single contract of that type I would set a stop loss of 100/150$.
If you were trading with the trend you may push that out to 150/200$.Against the trend , say 80/130$.
The issue with stop losses in currencies is that you can get take out very quick and very often.
Thats what I would recommend a starting trader with the inevitably small bank to start.
For a starting trader I would not recommend curriences but may indexes, where movements are for the large part slower. Trading the S & P for example is a good place to cut your teeth without the risk of doing too much damge in a session.
Personally I dont use stop losses much but I have many years experience and generally trade a very small %%% of my trading bank at anyone time.
I do however TAKE losses if I see I'm wrong.
No doubt melly will disagree
your welcome greasty.
if you want to know anything that i may be able to help with, feel free to PM me.
if you want to know anything that i may be able to help with, feel free to PM me.
I don't use stop losses either but that's because I've become a cynical the whole thing is **** type character.
It really depends on the timframe involved and the kind of system you're using.
In general the shorter the timeframe you're using the shorter the s/l. Also, if you're just looking to make 20 pips, do not place a 100 pip s/l. Never risk a porsche to win a bike.
If you entered a position based on rules you've set, then if those rules are broken or are invalidated then you should exit. You are stopping yourself out for technical reasons and can do this when taking profits too.
However, a method I use when going long during an uptrend is to set a sl just below a previous higher low, and the reverse if shorting a downtrend.
Anyone not using a s/l is bonkers.
In general the shorter the timeframe you're using the shorter the s/l. Also, if you're just looking to make 20 pips, do not place a 100 pip s/l. Never risk a porsche to win a bike.
If you entered a position based on rules you've set, then if those rules are broken or are invalidated then you should exit. You are stopping yourself out for technical reasons and can do this when taking profits too.
However, a method I use when going long during an uptrend is to set a sl just below a previous higher low, and the reverse if shorting a downtrend.
Anyone not using a s/l is bonkers.
Post Your Reply
Please login to post a reply.
Wonder
Instance ID: 13539