Australian (ASX) Stock Market Forum

Beginners - Introduce yourselves!

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Hi folks!

I'm a beginner as far as stocks and trading go, but, very experienced at software development. I've had an automated day trading app at the back of my mind for a long while, and I'll be making a start on it in the coming year (along with saving up some decent starting funds).

I've been reading a few good books, and have a good general idea of what I'll be doing and how. Lots more book (and forum) reading ahead of course, and I'll be testing against all kinds of past market conditions from dot-com boom to Black Friday '29 bust before I even dream of trading anything real :)

One thing that gives me plenty of confidence is that the books I've been reading suggest that most of the known strategies are profitable in the long haul, where traders are capable of applying them promptly, objectively and dispassionately; without getting spooked, anxious, impatient or greedy. My approach might end up having some innate benefits :)
 
Hey guys,

I'm fairly new to the forum. My educational background is maths/stats + a few finance and economics units in for good measure - currently doing a masters in stats and working full-time. Don't work in the industry (and don't plan to either) but I do try to keep up with the news (generally Lateline Business and intermittent checks on portfolio value throughout the day). Investing in shares has been something I've been meaning to do my whole life and I am finally at the point where I am comfortable putting my money into something, after clearing some big debts.

I do know a few different statistical programming languages (e.g. SAS, R, STATA, SPSS, ADMB etc) and am currently enhancing that knowledge by learning more about Java and C, especially how I can work with C-based functions in R. I don't know whether that will translate into some sort of automated beast that clips $$$ on intra-daily price volatility but I enjoy being able to make things run faster than R's (notoriously slow) inbuilt functions and would like to contribute to one of the many packages on CRAN that are associated with R.

I don't know what I want out of ASF but I'm sure I'll enjoy my time here. I guess the main thing will be eventually being able to reduce that feeling of anxiety I get when I don't know the share price for a stock in my holdings. The experience has been great so far! :)
 
G'Day,

As my number of posts clearly indicates i am fresh meat. I am new to trading as well as ASF and have been utilising these forums to help me in my research process to getting started. I decided to go with Incredible Charts for my software and have so far been happy with the program using the various indicators for my technical analysis. I am looking to trade options on the ASX, at this stage i am only paper trading while i continue to study and formulate my trading strategy. Part of my research is looking into my best option for a broker and i have done quite a bit of reading on ASF as part of this process. The general concensus appears to be that Interactive Brokers is by far and a way the best option. I agree that IB offers the best rates and i have no doubt that i will end up usuing IB down the line. However;

My question is do people think that IB is a good place for a new trader to start? Or should I look at something like Commsec to begin with whilst i get the hang of online trading? or should i be using a full service broker to begin with before even looking at online options?

I ask this question as when i had a look at the application page for IB it was suggesting that acounts were for experienced traders and required that applicants had prior execution of 100 trades in order to set up an account.

I look forward to any advice that can be provided.

Cheers
Dave
 
davenew said:
G'Day,

My question is do people think that IB is a good place for a new trader to start?
Click to expand...

Yeah it's fine. I am new to all this too, and went with IB (you just have to tick the box saying you have 100+ trades). They set you up with a paper trading account, so it's easy to learn your way around their software...
 
Punta said:
Yeah it's fine. I am new to all this too, and went with IB (you just have to tick the box saying you have 100+ trades). They set you up with a paper trading account, so it's easy to learn your way around their software...
Click to expand...

Cheers Punta. Is the paper trading account a complete simulated version of the real trading platform that you use with IB?
 
Hi everyone I am new

Hi every one I am new my name is Si I am from Australia and am very interested in discussing and learning about the share market
 
Re: Hi everyone I am new

High Dividends said:
Hi every one I am new my name is Si I am from Australia and am very interested in discussing and learning about the share market
Click to expand...

bellenuit said:
Welcome Si. You are probably better off in the Beginner's Lounge which is meant for stockmarket newbies. General Chat is mainly non-stock or non-finance related topics.

Here is the link

https://www.aussiestockforums.com/forums/forumdisplay.php?f=9
Click to expand...

It's the place to come.

Welcome.

gg
 
Hi There,

As the others i am new here as well.

Looking at getting to into the stock market.
Learn about stocks....

What shares to buy to keep for future.
how to make a quick buck (if there is chance)
 
Hola everybody!

I am quite new to the free markets, so please be nice. I pretty much controlled the price of everything in my previous job - but I've recently handed over the reigns to my brother and he has showed me the light of capitalism!

Okay in all seriousness - I've just recently pulled the trigger and purchased my first shares. I think I may have jumped the gun as I bought shares in COF with no real research behind it apart from an article in SMH...

I'm looking to become more prudent and hopefully I'll gain a fair amount of knowledge on these forums. I'm also new to the work force with a long time to grow wealth in front of me so I have a plethora of options to wade through in order to make some good decisions.

Wish me luck!
 
Welcome to all members,

Learn how to use the search function as if you have a question it has probably been asked before. If you cant find anything feel free to post in the appropriate stock thread or put a new thread up in the beginners forum.

Good luck :)
 
Hi,
First foray into the ASX. Only previous experience was with nationalisation stocks in the UK in the 80's, which was very profitable but hardly investing!
looking forward to learning more about investing , and the companies.
Cheers,
 
Hello to all,

Nice to be part of the ASF. I have been an avid follower of the ASX and loved the way it works. To me it's a place where ordinary people can be part of something big and create wealth without the hassles.
So why am I hear? I have worked hard all my life and saved all my life and reached the point of wanting to make my money work hard for me for once not vice versa.
I hope to learn and inherit an excitement that makes me hungry to make money but to also not lose sight of my goals.

Look forward to being part of the community and to learn from you all.

Kind regards,

Lanny:)
 
G'DAY Peoples, Well I have saved all my shrapnel (coins, pennies, dollars and cents) in my big piggy bank. Now, I have been told to put all my eggs in one basket. I heard through a friend of a friend of a friend, there's an overseas company that promises to make my eggs X 1000 over. That's a lot of omelettes. They said it's a sure thing.Do you think I should go for it?(Joke)
Just a intro to the forum, I hope my questions won't be too stupid and simple.Hope to to see you around the traps. CHEERS:)
 
the tin man

Hi .have just joined this web sight .i have been traiding for 12 yrs i have gained a bit and lost a bit over the years [gained more than lost ] .when im not at the computor
im a farmer by trade .with beef cattle to make money which is the aim of the game you purchase quality stock in pore condition and sell when fat .simple as that .share traiding is no different .i dont follow charts or use candles i trouble seeing anyway so a candle is no good .I buy blue chip when i think they are in pore condition and sell when in good buckle [fat ].
the tin man
 
Hi,

I just registered and not sure where to start but saw this so thought I'd say "hi" and that I'm looking at starting a business and have been reading up on things and have noticed that this forum is full of tidbit of information that is very useful and I hope to learn heaps and share my experiences also!

Cheers,
Stax.
 
Welcome to all new ASF members! :)

Joe Blow said:
There is a wealth of knowledge and experience in the thousands of threads here at ASF so make use of the site search function to track down threads of interest. The regular search scans thread titles for keywords but the advanced search will scour all the posts here at ASF for any particular search terms you may be looking for.

If you have an idea for a thread always do a search first as there may already be an active thread dealing with the same topic. If not, feel free to start a new thread in the appropriate forum.

Please enjoy the forums! :)
Click to expand...
 
Just joined the forum and it looks like a very interesting place with which to exchange ideas and strategies and also to hear about the latest fast moving stock. I've been around the markets for a while and primarily like looking over the top 200 ASX stocks to create trading opportunities on the Aussie 200 index.

In addition to the Aussie index I do keep an eye on all the other indices as I prefer to trade those products with access to flexible position sizes with good leverage. I trade CFDs over these.

Look forward to discussing ideas and strategies going forward.
 
G'Day everyone,

I've been interested in share trading for some time and have had reasonable returns(on a small scale). I'm hoping to broaden my knowledge over the course of the next 12 months with a view to trading for a living.

I've subscribed to a few stock recommendation services to get a feel for the kind of trading I should be doing. And this forum will be a terrific resource.

Regards

Matt
 
Hello everyone

I'm new to stocks, don't own any, had some Telstra ones for a few years, got rid of them at the beginning of 2011 coz I was sick and tired of seeing them used as a political football.

I'm heavily invested in a couple of other areas, so for now I'm just learning and doing some research and will practice with a few ideas I'm hoping to come up with. I reckon in about 12 months time I may be ready to invest. depends what happens I guess between now and then lol

Anyway, looking forward to learning.

Who knows? We'll see :)
 

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