Hacker News new | ask | show | jobs
by andriesm 3800 days ago
Metatrader has an excellent programming platform, for writing your own technical indicators and building automated trading.

Problem is: don't do it.

I agree with the others.

As someone that has spent years trading stocks futures and warrants(a kind of option)...

And as someone who has read roughly a 100 books on trading, markets, investing, predictive finance...

And as someone who spent 5 years trying to write automated technical trader bots....

(And sought out and paid trading "experts" to learn from them in person)

I'm telling you: Don't do it.

The markets are pretty efficient.

Making money by trading is very very hard work.

You have significantly better odds with buying and holding high growth blue chips.

I know you want to trade.

But reconsider: at least paper trade for a year - this will open your eyes - and prove whether you are serious about becoming a professional, or just a dabbler about to lose a painful amount of money.

1 comments

Thank you very much. Everything inside me tells me that it's exactly what you said, an efficient system and luck plays more of a factor than anything else (besides having a giant amount of capital). What kind of informational resources do you suggest? BTW I've been paper trading for well over a year now, I never feel like I have enough knowledge to "pull the trigger" with real money. Metatrader was one of the ones I looked at. What are your thoughts about ForEx? I consider it MORE risky than day trading especially when you don't have the capital. But I'm taking all input. Thanks again!