Hello everyone

[GrantO]

Hello everyone.
My name is Grant and I'm 23 and I'm wanting to learn to trade shares to help me later in life. I've been surfing around this forum for a few days and I've learnt a bit already.

A co-worker has been teaching me a little bit from what he knows, he doesn't know much but he got me off the ground on where to look and how to read the shares.

There are 2 shares I've been watching for about 6 months which are COE - Cooper Energy Limited and BPT - Beach Energy Limited. Both seem like they got a few new operations coming up from there announcements, but I might be wrong

There are a some things I'll like to know;
1: What is a good amount to start off with to trade? (I've got $2,000 I'm willing to use)

2: Should I use Commonwealth Bank "MyWealth" or CommSec to trade?

That's all I can think of for now but I know there will be more questions.
I'm hoping everyone will help me and teach a lot

 

[VSntchr]

Hello everyone.
My name is Grant and I'm 23 and I'm wanting to learn to trade shares to help me later in life. I've been surfing around this forum for a few days and I've learnt a bit already.

A co-worker has been teaching me a little bit from what he knows, he doesn't know much but he got me off the ground on where to look and how to read the shares.

There are 2 shares I've been watching for about 6 months which are COE - Cooper Energy Limited and BPT - Beach Energy Limited. Both seem like they got a few new operations coming up from there announcements, but I might be wrong

There are a some things I'll like to know;
1: What is a good amount to start off with to trade? (I've got $2,000 I'm willing to use)

2: Should I use Commonwealth Bank "MyWealth" or CommSec to trade?

That's all I can think of for now but I know there will be more questions.
I'm hoping everyone will help me and teach a lot

1) I started out trading about $1000 per stock, but if I could go back - I would have spent far longer educating myself before I even started looking at companies. If you are paying ~$20 each way in brokerage you'd really not want to be buying parcels under ~$2k. Otherwise your transaction costs ensure that you need at least a decent movement in your direction just to get back to even....

2) Not familiar with MyWealth? But CommSec is a good place to start..has basic research functions and is user friendly...

My advice - keep educating yourself and don't jump in too quickly. Find a strategy (fundamental/techinal, buy&hold/swing etc etc)..look at a few styles and see what you might be suited too...

 

[Klogg]

1: What is a good amount to start off with to trade? (I've got $2,000 I'm willing to use)

So long as your $20 transaction cost isn't eating up too much of each trade, then you're OK. I started off with $2000 parcel or higher, but it's completely up to you.

2: Should I use Commonwealth Bank "MyWealth" or CommSec to trade?

I would say CommSec, but I've never seen MyWealth TBH. Might have to check it out.

Assuming you're taking a longer term approach, then the broker you use isn't that critical. Just try and find one that is easy to use, has relatively low transaction costs and is reliable...

 

[Sean K]

Agree with the $2K start number.

I use ANZ E Trade but Commsec seems to win all the awards. Probably can't go wrong either way.