Very good advise to new people wanting to learn to trade! (wish I had seen this before Feb09) and before my pockets became lighter for next to no help at all.
Hi Everyone
I am new to the game also, have done the courses, lost money and am back at square one.....well not quite!!!!! I am back to the drawing board, following suggestions here and back to the reading, having a go at the asx game and doing dismally.... but then again I guess that is all part of the process. What I was wondering is if there is anyone out there in a similar situation who would be interested in in getting together on skype or whatever, swapping notes etc, (even a group of people). I am finding it very hard at the moment to keep motivated and 2 (or more )heads are better than one. If anyone is interested pm me please. TIA
been reading along here for a while and finally decided to sign up I couldnt agree more with what the others have said about the education thing. Thought i would add my 
: worth.). that said i get paid to look at the asx announcments / prices all day ( work in a share registry )Hi Guys,
Another nubcake here
Before i went and bought any books i read alot of the posts here and have to say that reading them has helped me understand what the books are saying. If you take the time to educate yourself properly you can make a fair ammount within the first year (got in on a few companies just before the ex. date and got some free divs
Looking forward to sharing the small ammount that i know
and I got to thinking....(before the brain turns to mush) (insert a wooosh sound effect) and you guys have obviously come a LOOOONG way since starting out. ) If there is some experience out there that could clear this up I know it would be appreciated by at least me if not many others.
It's here but remember, the actual people here who trade have other things to do with their time than ALWAYS answer newb questions, while you wait for answers there's LOTS of threads to search/read... It can be frustrating
to not get answers as we all do from time to time but think of how you will be if you succeed in trading, how much time would you spend repeating answers to newb I would imagine most, as they often say which books to read... books that helped them.
From what I know, Volatility/Volume, sheer amount of Stock quantity
Seems that the more you start with the more you stand to make, also less likelyhood of emptying your account when you have your consecutive run of losers. Also trading with small amounts can be hard to clear a profit after Broker fees. But you should find this out by Virtual/Paper trading don't you think. I mean place a identical $100 trade and a $1000 and watch the outcome
Im split on this, but I think 'not all' I have read people talking about commiting NO MORE than 60% of your total account at one time on active trades but...
with strict money managment especially if your starting with a small amount. Say your starting account is $1000 you'd get NO where fast trading with 6 lots of $100 compared to say a $600 trade, I could be wrong though The problem is there are so many different things you could possibly learn and so many different trading and investing styles across so many different markets and on and on and on etc etc...
The more you start to learn, the more you will realise you don't know and the more you will realise you can't just find it for free on a discussion forum (key word - discussion)
You need to work out what your financial goals and timeframe are to find what it is you need to learn. Only then will you start find anything useful here IMHO.
it's probably about as clear as mud though im guessing
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It's helps in getting a reply
na, just to help my replies stand out 1) been looking and playing with Nasdaq for the last 6 months so will probably stay with that, unless people think other markets are easier to start in.I am a concept person, so always preferred to understand the underlying bigger picture. [Also really no choice, it was part of my course
Maybe the following structure
1) Research and then choose a market - equity/index, commodities, FX or fixed income
Complexity depends on the traders knowledge base and interest
2) Research instruments available to trade - spot, forwards, futures, options
Again the traders knowledge base will determine what to utilise.
Options are non linear derivatives, and have other factors that affect its valuation.
You can get away trading them without underlying knowledge, but they can be silent assassins
Start with that.
what are 'spots and forwards'? I did a little search but couldn't find anything to explain it. I know it wont be from lack of desire, enthusiasm, commitment.. I have saved a copy of one of 'Beamstas' and refer to it but understand that my goal is not to get mine identical, it's nothing more than a vague resemblance of results. I did read somewhere though that you shouldnt backtest on ALL your data (Universe) and that it should be spread into 2 sections!!!! A bit confusing but I guess the 'QTS book' will cover more on this when I read it.
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