New to the game

[ROE]

Re: help getting started

hi guys

im 17 and an apprentice plumber.
ive been looking into the stock market for a while now
mainly just reading all that i can about how the market works.

i am a patient person, but i think i would rather be engadging in trades that are intra-day or for no more than a few days.

i have a small capital atm of about 1500, but its growing weekly.

i have been reading alot about options and fx

they seem fairly apealing for me as of the short trades.

what would you guys recommend for me to do at this stage?

also could someone please explain the leverage with forex and how it work with wins/losses?
ie, 1:200

also i have come across a number of companys that offer "pro trade calls"

such as eminis global.

what can you tell me about these companys?


thanks

I dont think you should messed with options and forex starting out, sound simple and lot of people promoting it but without deep understanding of the market and currency movement you be gambling with your money.

you are young so one thing you have other doesn't is time..and with time on your side you should be looking at compounding, ie save and invest in proven track record company, you wont get rich quick but your capital is preserve and 30 years from now you have a nice nest eggs which you can use some of that to play your option and forex

 

[edhouse]

ok thank you for your input
what about trading the main indexs?
i have heard about that but im not sure what its called?
would that be a safer option?

 

[deadset]

In advisor's defence, its hard to put timelines on advice without having to then babysit the person you gave advice to.

It's best to work out how the different indices and all types of market data affect the stocks. On a simply level, the oil price will affect oil stocks for instance. But if it moves too much, it affects alot of things.

Now if you could find an advisor that was consistently wrong, that'd be useful.

Certainly putting money into the market will force you to learn things quicker than if you you didn't, but you'll probably lose money learning.

The plan is ok, just not the right time right now, we have to wait for this financial crisis to unwind first.

 

[edhouse]

yeah i understand where you are coming from .

i have a trial account on ig markets"
and have been mainly trading the main indexs.
up and down,

in the last 24hrs i have made 150,000
taking my balance to 250,000

i just traded the russel 2000, euro 50 and aussie200.

did i just buy at the right time?

 

[Wysiwyg]

yeah i understand where you are coming from .

i have a trial account on ig markets"
and have been mainly trading the main indexs.
up and down,

in the last 24hrs i have made 150,000
taking my balance to 250,000

i just traded the russel 2000, euro 50 and aussie200.

did i just buy at the right time?

Reality is but a real dollar away.

 

[edhouse]

ok ,
ive been reading alot about puretick
i have seen thier previous day results page,(very impressive)

lets just say one of thier trades ends up being,,, (+$318)

how much capital have they outlayed for that one trade?

eg , 1000usd worth of contracts, after the successfull trade, sell and have $1318 ?

thanks

 

[Trembling Hand]

ok ,
ive been reading alot about puretick
i have seen thier previous day results page,(very impressive)

lets just say one of thier trades ends up being,,, (+$318)

how much capital have they outlayed for that one trade?

eg , 1000usd worth of contracts, after the successfull trade, sell and have $1318 ?

thanks

ED learn to drive a car safely before you go racing a Ferrari.

You are completely on the wrong track. IMHO

 

[edhouse]

ok,
can u atleast give me some information on how it works .
or where to find info.?

 

[kam75]

I'm a police officer and recently invested in solagran bought in at 1.20 they are now 40c haha bad timing.

What I wanna know is, is there any tafe courses that would assist me in trading?

or university courses?

thanks

There are none that can help you, to any extend. This is because making money trading is not something that can be taught. Someone may teach you how to trade but, knowing how to trade, and making money trading are two, very distant relatives. To trade profitably, you, yourself, will have to find your own edge. This takes time and practice.

My advice for anyone starting out is, before you start out, read a few books by reputable authors. Forget about courses. They're a waste of time, and money. Thats how self-proclaimed gurus, marketing sharks and other charlatans make their money. At their scam-inars, they will try to confuse you so you have to use them and buy their courses.

Instead Read and Study the following books!!

1. Reminiscences of a Stock Oparator - by Edwin Le Fevre.
2. Secrets for Profiting in Bull and Bear Markets - Stan Weinstein
3. How I made 2m in the Stockmarket - Nicolas Darvas

In these books, you will find information that may just be the thing to help you mould your own edge to trade profitably.

 

[Rockhoundnz]

ok ,
ive been reading alot about puretick
i have seen thier previous day results page,(very impressive)

lets just say one of thier trades ends up being,,, (+$318)

how much capital have they outlayed for that one trade?

eg , 1000usd worth of contracts, after the successfull trade, sell and have $1318 ?

thanks

Edhouse, Puretick are excellent at teaching people to trade eminis (futures for Trembling Hand ), but if you are an absolute beginner I would start with something else for a while until you have a better feel for the market, and know a little about technical analysis. It will speed your learning up no end.

 

[KKP]

Hi All

I am new the investment. I am glad i found this website.
Hope to share information with you all and learn few things here.

Happy Investing

 

[Reealjrd]

Re: Hi All

I am new the investment. I am glad i found this website.
Hope to share information with you all and learn few things here.

Happy Investing

Hello KKP,

Yes you have come to the best forum. Here you will get the replays of all your quarries regarding trading. And all the informations you require regarding trading.

 

[Reealjrd]

If new to the game contactsome nice forex brokers. As i haave done. I had started forex trading in the year 2004. That time i had searched for forex brokers and that to some nice forex brokers. I found some forex broker very nice . I used their demo account to practice trading and understand trading strategies.

But for a real account i opted AVAFX. Now again in stepping the field of trading and searching for the same broker. I have come to know that this broker has been updated.

 

[adnil]

Hi all I am a newbie to the Stock Market

I was just wondering if anyone has heard of the ASI CLub and if so are they legit and can they do what they say they can. I am interested in CFD's but not confident enough to go it alone at the moment.

 

[strudy]

There are some great answers already posted.

The things I would do if I was to start over again would be these basics :-

1.Paper trade (practice) before entering into the market place.

I jumped in and quickly lost half of my investment in only a few days of trading.

2. Do your OWN research

I used other peoples with again disastrous consequences.

3. Visit trading Forums such as "Aussiestockforums" daily.There is a wealth of information to be found.

4.Work to a preset plan and don't deviate from it.

5. Most importantly learn about yourself and learn to control your emotions.

This I found the hardest thing to do and I still forget occasionally.

Hope this helps

 

[strudy]

Re: Hi All I am a Newbie TO the Stock Market

Australian Stock Investment Club are ok. They are Free to join and they will help you improve your trading skills.

There are a lot of good sites around with much the same information.

It is amazing what you can find using good old Google and a spare 30 minutes.

 

[Nick Radge]

Re: Hi All I am a Newbie TO the Stock Market

Australian Stock Investment Club are ok. They are Free to join and they will help you improve your trading skills.

They are $3990 pa.

 

[ASXNoob]

Same Old Question

Hey everyone, just joined up 2 minutes ago. I have never invested in stocks before but i want to start. So my question is where to start, what are the first few steps i should take? Buy a book? Research on the net?

I've just had a quick look at a few threads and found lots of advice of staying out at the moment cause its high risk especially if your new.

I thought it'd be an good oppurtunity to get in now with an ETF (also read negative comments here which i'd expect from a investors forum) since we've hit a 4 year low with an almost 50% drop? Surely the only way is up?

Keep in mind im a complete noob so what i just wrote is probably wrong and doesnt have much substance behind it. Please point me in the right direction :

Btw, theres probably hundreds of these thread, please tell me and close this if thats the case.

 

[Joe Blow]

Re: Same Old Question

Hey everyone, just joined up 2 minutes ago. I have never invested in stocks before but i want to start. So my question is where to start, what are the first few steps i should take? Buy a book? Research on the net?

I've just had a quick look at a few threads and found lots of advice of staying out at the moment cause its high risk especially if your new.

I thought it'd be an good oppurtunity to get in now with an ETF (also read negative comments here which i'd expect from a investors forum) since we've hit a 4 year low with an almost 50% drop? Surely the only way is up?

Keep in mind im a complete noob so what i just wrote is probably wrong and doesnt have much substance behind it. Please point me in the right direction :

Btw, theres probably hundreds of these thread, please tell me and close this if thats the case.

Hi ASXNoob,

Welcome to ASF!

I have merged your thread with our 'New to the game' thread that we have for new members.

Firstly, be sure to read our Code of Conduct and Posting Guidelines to get an idea of how things work here at ASF.

You then might want to start working your way through the threads in the 'Beginners Lounge' forum. Lots of threads in there started by other complete newcomers to the market about finding out where to begin to learn about the market and investing/trading.

All the best on your journey!

 

[Hussla]

Beginner - Not sure where to turn

Hi there, ive been lurking in here for a while.

Currently I have about 5-10k to play with, some money left over after selling a property.

So far my foray into the share market has been premature and rather unsuccessful in the short term, but it's been interesting so far.

Although working full time i'm setting a goal that I wish to be able to trade shares with an initial aim of being able to earn about $100pw trading share, through learning, experience, practice and patience.

I guess is my above goal unrealistic or not, if not then I want to find the best resources to help me reach that goal, once I can reach that I want to then set the bar higher.

I've been experimenting a bit with paper trading with bluechip stocks which has been interesting.

I'm both interested in technical and fundamental analysis techniques as I feel based on my university studies both methods have their advantages and uses.

Software wise i'm already setup with metastock and amibroker.

Really would like to know where is the best place to start for no B.S info and guidance and for me to just forget what i've learnt and start like a total amateur.