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InformedTrades Founder

Simit Patel Simit Patel is offline

Technology Advisor / InformedTrades Founder

About Me

Visitor Messages

Showing Visitor Messages 1 to 10 of 36
  1. Eager Learner
    02-07-2010 02:01 AM - permalink
    Eager Learner
    Thank you for your Welcoming message. I am very excited in trying out your free courses in trading, and other activities. It is always good to learn something new and if one is able to apply it to ones life in the futre, then it was time well spent. EL
  2. Jeff Campbell
    02-06-2010 06:40 PM - permalink
    Jeff Campbell
    Thank you. Man what a trading site. I stumbled on this site while in you tube and very happy I did. This is what I have been looking for. I am a beginning trader at best and am looking to learn and grow in my trading endevor. Thank you Simit for welcoming me to the site...
  3. financeandtradingmadeeasy
    01-30-2010 11:33 PM - permalink
    financeandtradingmadeeasy
    Hi Simit,
    good evening,I started a thread in discussion forum "Swing trading made easy" it said that it should be approved before people can start posting in that thread.Any idea how long it usually takes for the thread to get active ?I was looking to post something today.
    Thanks
  4. wroddy001
    01-27-2010 08:40 PM - permalink
    wroddy001
    hello, simit
    i am following davids full forex videos, i downoaded the fxcm demo, but i find it difficult to use and i have used the mbtrading before which is alot simpler to use for a beginner like me. which one do you use and which do you recomend,
    thank you, will
  5. captjwteal
    01-26-2010 02:54 PM - permalink
    captjwteal
    Thanks for the welcome, just seeing if I can do it right. Thanks Again
  6. wroddy001
    01-25-2010 02:58 PM - permalink
    wroddy001
    hello,
    rookie, learning. researching news on what movement would have effect today. apart from the housing report, i did not find much news. so why did the gbp see so much movement. also does the euro/gbp and gbp/usd always mirror the opposite of each other. thanks for your time, will
  7. aloser
    01-21-2010 11:11 PM - permalink
    aloser
    Hi, Simit,

    Thank u very much.

    I'm new to trading. My past experience includes over 12 years of particle physics study and 6 years of computer software development.

    I knew nothing about trading until 2 months ago. The reason that I decided to learn trading is simple. My wife was detected breast cancer and had a series of operations in the past two months. If I can make some money at home, then i can stay home take care of her and our 2 boys. So I opened a trading account and put $20,000 into it at the end of last year. The market was going up and I made a few hundred $ in the next 2 weeks. I thought this was easy. Then the market turned around and I quickly lost $2,000. I had read a few books and knew that money management was the most important. However, as soon as I placed the order, all the rules were gone. I kept on making the same mistake and didn't follow the plan and strategy. I didn't know what happened to me. I'm a complete loser. Now I'm at the other extreme. Whenever I place an order i want to close it after 3 ticks, because I'll only lose the commission fee. I'm already over 41 and the dad of two boys. How come I still act like a boy when trading. Do I have some problem? Did anyone experience this before? What should I do next?

    I shall be very grateful if u could give me some advice. BTW, this site is really great. One of the best I've ever seen.

    Regards.
    -aloser
  8. mac125
    01-17-2010 10:27 PM - permalink
    mac125
    Hi Simit and thankyou for the welcome.I am looking forward to the site and all it has to offer. I have much to learn and although a novice my willingness and interest to learn outweighs my inexperience. Thanks, Kevin.
  9. okucritj
    01-17-2010 12:18 PM - permalink
    okucritj
    I will try the free courses. Thanks
  10. larryfolson
    01-15-2010 10:18 AM - permalink
    larryfolson
    I messed up, i tried to log in with face book and create a new member page. ops!
    Tried to delete account. Can u help? (It is the eagle Eye Ttrader account just posted) Not the Larry Folson Account

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Name: InformedTrades Heroes
This badge is awarded to members who have repeatedly gone above and beyond the call of duty in their service to the mission statement. To be eligible for this badge, members must have at least 1,000 posts, and must have repeatedly shared their knowledge and helped traders learn.

When a member requests a badge, existing Heroes have the right to veto. Should the majority of active heroes veto, the badge will not be awarded. Otherwise, issuance of this badge will be in the hands of InformedTrades Founders and Hosts.

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Issue time: 11-04-2009 01:59 PM
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Name: Investor 2.0
This badge is awarded to those who have successfully completed the Investor 2.0 Quest.
Issue time: 10-20-2009 10:26 AM
Issue reason: for completing Investor 2.0 Quest.
Name: Lesson Contributor
This award is given to any member who contributes a lesson that is added to InformedTrades University.

This badge comes with an award of 50 IP.
Issue time: 09-15-2009 04:45 PM
Issue reason:
Name: Course Contributor
Awarded to any member who contributes an entire course to our community.

This badge is a pre-requisite for members to become InformedTrades Pros. Members with this badge are eligible to trade live accounts funded by InformedTrades LLC.
Issue time: 09-15-2009 03:23 PM
Issue reason: For creating the courses on economic crises.

Blog

Latest Blog Entry

Posted 01-31-2010 at 05:30 PM by Simit Patel Comments 24
Posted in Uncategorized


I used to be just like you.

I looked around at all the "professional" investors who did things like buy single stocks because they thought the company had a good product and its prospects for future earnings were promising.

LOL! Silly, right? As if future profits have anything to do with whether or not this is going to be a good trade!

I just stuck to my charts. Simple chart patterns, moving averages....maybe some Fibonacci or RSI if...

Posted 01-29-2010 at 09:41 AM by Simit Patel Comments 10
Posted in Uncategorized

I don't like to close out my long gold positions unless the evidence for bearishness is too much. The reason for this is viewpoint is that the global economy and the global political situation is too panic prone at the moment; anything could set it off (dubai crash, greek sovereign debt crisis, spain sovereign debt crisis, alleged terrorism, etc). If the right panic happens, you can forget the charts, gold will soar.

However, as US money supply is currently deflationary,...

Posted 01-27-2010 at 08:48 AM by Simit Patel Comments 6
Posted in Uncategorized
I'm in the process of adjusting my overall exposure to the market, which I'll blog more about shortly. Gold is the centerpiece of my overall approach.

I'm going to buy more gold now, although I'll keep a fairly close eye on this. If we break below these trendlines, I'll be out for a while. If we do break below these trendlines, I'll be more convinced that we're in for a repeat of some sorts of October 2008 -- US dollar rally, global equities fall. However, the sovereign debt crisis...

Posted 12-30-2009 at 09:24 PM by Simit Patel Comments 1
Posted in Uncategorized
Here is a great video, and a great blog post from Jesse.


Posted 12-26-2009 at 09:22 PM by Simit Patel Comments 5
Posted in Uncategorized
I've just done a year end review of my trading account that I blog about here on InformedTrades. Here's a review of the key highlights:

1. I finished the year up 18.9%. The good news is that this was my best year ever, and that I'm making progress. Thanks to InformedTrades, of course!

2. There is still a lot of room for improvement to be made, of course. One particularly disappointing opportunity for me is the way I handled the USDCAD trade I was involved in for...
Recent Comments
Quote:
Originally Posted by Ektrader
Nah, it wasn't unexpected...
...
Posted 02-04-2010 at 09:34 PM by forexer forexer is online now
I'm getting the idea...
Posted 02-04-2010 at 08:53 PM by Magic Magic is offline
Quote:
Originally Posted by forexer
Today's down move was
...
Posted 02-04-2010 at 05:17 PM by Ektrader Ektrader is online now
USD all the way!
Posted 02-04-2010 at 04:25 PM by Jason Rogers Jason Rogers is offline
Today's down move was...
Posted 02-04-2010 at 11:50 AM by forexer forexer is online now

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