Australian (ASX) Stock Market Forum

Beginners - Introduce yourselves!

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Hi folks,

I'm joining in this forum to learn how to became wealth like everyone...:)

Let introduce myself - why "silent" because I'm deaf (born with it)
My first share was T1 & T2 and profit were not bad.

I realised my super looks not good sign when I retire in about 25 years time...:confused:
So I'm considering to borrow some money from bank to start share profiles...
I bet this forum will assist my successful...
Also I love fishing, in future I could go fishing before trading starts 10am...
I know fish bites before that...:)
 
silent said:
So I'm considering to borrow some money from bank to start share profiles...
Click to expand...

Hi Silent,

Welcome to ASF :)

Learn to use the search function and you have a wealth of info at your fingertips :)

Re: borrowing, you need to treat shares as a business. Would you borrow money without researching any other form of business? Probably not. Make sure you learn the basics first (this will take years) and prove that you can make money with your own cash before you borrow anyone elses.

But like everyone starting out (myself included) you will probably think you are different and that you can beat the market instantly ;)
 
prawn_86 said:
Hi Silent,

Welcome to ASF :)

Learn to use the search function and you have a wealth of info at your fingertips :)

Re: borrowing, you need to treat shares as a business. Would you borrow money without researching any other form of business? Probably not. Make sure you learn the basics first (this will take years) and prove that you can make money with your own cash before you borrow anyone elses.

But like everyone starting out (myself included) you will probably think you are different and that you can beat the market instantly ;)
Click to expand...

Thanks for welcoming and I'll start with search function to get information what I needed...
 
Hi all my name is Nick and have just started a SMSF and looking for as much research as I can get.

Don't have much money to really trade myself personally but am just doing with the super.

Hope it's a friendly place around here had a bad experience first up!, posted only once and got hammered by some nutcase.
Turned out what I said was accurate and the other guy has been nowhere to be seen since lol
No surprise there really.

Anyway hope to contribute and learn I guess :)
 
Well a lot of the subject is based around formulas on expected return on the variance of the specific industry market prices and its covariance to the market index. That's just in the portfolio theory it wants us to learn. I call it speculating in my books.

I say leave variance and coefficient calculations to proper statistical observations within a set time frame rather than something that is always changing perpetually and at most times hard to predict and rely on. But that's just my opinion, other people will look at this as a form of "analysis".

I do like the budgeting part of the subject though.
 
hi - complete newbie, and thought i might just say g,day to all- and thanks to all the regular contributors who make the site an interesting place to browse!successful trading to all - berbouy
 
Hi all, only just found this forum today and have been reading for about 4 hours solid (the mrs is well pissed).

I am an avid poker player and love the challenge and discipline involved, much like trading (dont mind a gamble either). I am entering my 30s but still feel like a 21yo :D really looking to set up a self funded retirement as I suspect I may kick the bucket before I see my super LOL.

Great info on here and I look forward to chatting with you all.

Cheers
Aces
 
Hi Everyone.

Just joined today. Have been reading lots of posts. I have been buying shares from home since late 2007. I really had no idea what I was doing, but heard about diversifying, so I picked from a few different sectors. I believe I bought in at the wrong time cos I have bought most of my shares at a high price just as the credit crisis was beginning to set in and coming off a bull market. (didnt do my homework). I did buy for the long term though. I intend to keep these for around 10 years, so hopefully they will do something over that time.....otherwise my son will probably not get to go to uni.::eek:

Not a believer in buying anything on finance unless it is going to appreciate in value.... eg:property.....

Hopefully I will learn many things from being on this forum.
 
Hi all,

I am currently not trading, though i am extremely interested in becoming a proffesional trader and need some advice (if anyone can help).

What type of university qualification would you need? Is a BoBusiness with a finacial management major sufficient?

Any help would be great.

Cheers.
 
Peter P said:
Hi all,

I am currently not trading, though i am extremely interested in becoming a proffesional trader and need some advice (if anyone can help).

What type of university qualification would you need? Is a BoBusiness with a finacial management major sufficient?

Any help would be great.

Cheers.
Click to expand...

None.

You need to be able to prove that you can take money out of the market profitably on a consistent basis.

Practice, practice, practice

PS - Welcome to ASF :)
 
Peter P said:
Hi all,

I am currently not trading, though i am extremely interested in becoming a proffesional trader and need some advice (if anyone can help).

What type of university qualification would you need? Is a BoBusiness with a finacial management major sufficient?

Any help would be great.

Cheers.
Click to expand...

Practical experience trumps a uni degree any day IMO
 
Peter P said:
Hi all,
What type of university qualification would you need? Is a BoBusiness with a finacial management major sufficient?
Click to expand...

a friend of a friend finished uni with a maths degree with the intention of going into teaching... but somehow ended up as a professional trader working for a hedge fund group.
 
This is what is stated by a Trading Company - Optiver

Basic Requirements

To all specific role requirements, you will need to:

* Have outstanding written and verbal communication skills
* Have a passion to work in an ever-changing environment with numerous challenges
* Have a genuine interest in the finance markets
* Be a team player, enthusiastic and motivated.

Trader

The role of a Screentrader (Market Maker) is to provide bids and offers to the financial market on-screen. When someone places an order to buy or sell an financial product, the majority of the time it will be a Market Maker on the other side providing the price. To be successful, you will need to:

* Be a penultimate or final-year/Honours student or recent graduate
* Have a distinction/high grade-point average
* Have studied or be studying Commerce, Economics, Maths, Actuarial, Electrical/Mechanical Engineering, Physics, Finance or similar field of study
* Possess outstanding numerical & analytical skills
* Enjoy a challenging and competitive environment
 
Thought I would come and get my 1st post out of the way (now actually my 3rd)....

I'm Lloyd, a Gold Coaster TRYING to fight through the shark infested waters of learning to trade...

1st Shark attack, Optionetics... who will be next?
 

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