Hi, all!

Community Introduce Yourself
1

I’m Mike Carrigan, and I’m in Little Rock, Arkansas, but I’m originally from Pittsburgh, PA. Go Steelers (sigh). I worked for a Wall Street brokerage firm office here in The 80’s, and had quite a bit of success trading futures and options hedging Treasury portfolios for financial institutions. About a week ago I heard about binary options and found that the technical analysis was almost identical to what we were doing back in the day, and I’m fortunate to be able to study several hours a day at work and at home, and have feverishly been working to catch up on the last 30 years. I’ve been signing up for all the webinars, e-books and info I can find, which led me to Forex. I’m pretty confident about the markets and how they work, I have demo accounts set up, and I’m focusing on technical analysis, looking for methods and rules to find high-probability trades, as I made all the mistakes 30 years ago, and I don’t want to make or pay for them again. I have to start with a small account, I’ve always held that your trading should prove itself, and as my account grows, and I add to it, my plan is to retire and trade full-time. Having success in the 80’s, my eventual bar is set pretty high. Being of 2nd-generation Irish descent, it’s very hard to trade without emotion, so I’m searching out indicators that would help me do that. I seem to have a real knack for technical trading, and I’m confident I’ll eventually be successful. I hope it’s ok to as this, but if anyone (or everyone) could drop me a note and tell me what is working for them, I will be eternally grateful. As soon as I have a quiver full of reliable tools, I’m ready to start demo trading today, and when the technicals prove to me they work, I’ll fund an account immediately. One more request if I may, what charting software does everybody like? I have several, but these questions will hopefully shorten my learning curve and get me started faster.

I cannot express how excited I am (there’s that Irish again) to have found this. I had no idea it existed! So far fit’s been like putting on an old set of clothes, but I know I have much to learn. Let me thank you in advance for any ideas or help you can give me. It will be deeply appreciated.

Best of luck, and successful trading!
Mike

2

Try the 3 ducks system, devised by a 100% Irishman. Its on here, easy to set up and follow

3

Hi Mike -

Nice to hear from you and about your history in the field, I hope you’ll be really successful and enjoy the journey.

At this early stage, though I might be trying to teach you something you’re already very familiar with, I would only say be cautious about getting involved with binary options. It seems regulation of the firms in this part of the field is very light-touch or non-existent. One or two countries have banned them from being offered altogether, more are considering if they should do likewise. There seems to be a high percentage of firms who open, take your capital and then disappear. The best TA can’t protect you from this risk.

Good luck otherwise though.

4

Start with basic school => psychology => price action. There are a lot of trading system on site, so it will take a time for you to personalize your own one. I also recommend you check out price action thread since I’m a big fan of the trading style. :wink: Wish you the best experience on the forum!

5

Thanks, everybody-nice to hear from you!

6

Carlos, thanks for the tip! Looks very interesting!

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Carlos-a lot of money being made today! Was able to chart the 3 ducks, and found several trades that would have won. Thanks again for the tip.

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Yes, I agree, and thank you. At that time, that was all I knew about. Some good account reps have schooled me about forex, and the binaries are lost in the dust. Thanks again-all info greatly appreciated!