I want to learn how to trade stocks (or whatever it is called, I am so new I am in Kindy!). As an absolute total beginner, I need a way to learn that isn't going to be too overwhelming. Sure I can go on youtube, google, books, but goodness knows what mis information may end up whirling in my head and eventually whirling down my bank account.
I had hoped I could find an organisation to train me. But I can't see any of them recommended in here. I have been researching several, most have very dubious backgrounds and absolutely no good reviews from students who have been using their methods for a period of time, well not legitimate ones anyway. As I previously spent a lot on property training of that kind I am more careful now. However one that I found Terry Tran - Freedom Traders, seems to have good reviews with people earning good annual profits. Plus I contacted some of the students and found that they have continued to go well. This has given me hope.
However I see in this forum that nobody really recommends any of these expensive courses. But if I don't go to one of them.... where do I learn in a safe way that doesn't chew up my learning while learning the hard way?
Hi LinSA
my recommendation would be to start a savings account and save a fixed amount each week into it.
Only add money to this savings account that you can afford loosing.
Once you've saved a minimum of $1,000 create a stock trading account.
All major banks have a platform where you can trade stock, you just need to create the account.
Keep saving to your Stock savings account and keep buying each time you reach $1,000.
As you're new I would invest in bigger stocks like Coles, Flight Center, Quantas, CSL etc.
Later when you've build your portfolio you can start looking at IPO, growth shares, etc.
The key part here is keep the stock you've invested in don't sell them off, your portfolio will go up and down.
Keep saving into your stock savings account and keep buying in different areas, mining, banks, tech, food....
If you keep doing this you will year in year out over the long run learn a lot and grow you portfolio.
Soren