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Re: Ideas for establishing a capital base to begin investing - getting past first basI forgot to add my idea for getting that capital base.I will be saving as much as I can from work each year. But while I save up, I will be studying the market very hard and learning a lot about the fundementals including, psychology for trading, technical analysis, and building a solid trading plan. Furthermore this time also allows me to systematically test various forms of technical analysis and try to be profitable from a 'paper trading' perspective.Reading this forum is quickly telling me that rushing into trading is up there with the dummest mistakes a person can make. I wouldn't be too quick to jump in if you haven't learnt enough about the fundementals in order to be profitable. (I'm a parrot now, haha, but I'm reading lots of books which say the same thing too + it makes logical sense).
Re: Ideas for establishing a capital base to begin investing - getting past first bas
I forgot to add my idea for getting that capital base.
I will be saving as much as I can from work each year. But while I save up, I will be studying the market very hard and learning a lot about the fundementals including, psychology for trading, technical analysis, and building a solid trading plan. Furthermore this time also allows me to systematically test various forms of technical analysis and try to be profitable from a 'paper trading' perspective.
Reading this forum is quickly telling me that rushing into trading is up there with the dummest mistakes a person can make. I wouldn't be too quick to jump in if you haven't learnt enough about the fundementals in order to be profitable. (I'm a parrot now, haha, but I'm reading lots of books which say the same thing too + it makes logical sense).
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