Calling all "Senior Members T2W" Experienced traders! Help Newbies?

This is a discussion on Calling all "Senior Members T2W" Experienced traders! Help Newbies? within the First Steps forums, part of the New Traders category; Will all senior members experienced traders please help us "Newbies"? It would be great from my point of view and ...

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Old Sep 12, 2004, 8:04am   #1
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Default Calling all "Senior Members T2W" Experienced traders! Help Newbies?

Will all senior members experienced traders please help us "Newbies"? It would be great from my point of view and I am sure a lot of other inexperienced traders my agree if we could get some views on the items I have listed below.
My plan is to try and get more experienced and learn more about charting and training is to go on QUALITY training courses read as many books as possible and listen an follow experienced traders threads on this site. What is obvious, is we know nothing! and may easily be lead to part with our cash in the hope of getting expert tuition. Please Help!

What opions do the Experienced traders on this site have on the list below?

1, What are the best training courses available for learning Charting/Money Management/building a System ,that experienced traders went on when they were learning? are there any courses in the north of the county?

2, Are there any experienced traders who might allow a newbie to sit with them for a day or two,to allow them to see how they trade. This is something I would Love to do and believe would be priceless to a newbie.

3, Do traders have any thoughts on who are the good guys-gals /bad guys-gals to watch for on this site ( I appoligise in advance if people think this one may be a bit ambiguous, who knows?)

4, Have any of the experienced traders been on T2W courses and whata ya tink?
( I have looked at reviews section of this site but would rather hear it from the "horses mouth" so to speak.

5, Any views/help experienced traders may think is relevant to above.

I will post a thread on the newbies discussion forum linking it back to here, should this thread get off the ground.

Many Thanks in Advance
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Thanks! The post above is recommended by: ccclarette658
Old Sep 12, 2004, 8:33am   #2
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Default Re: Calling all "Senior Members T2W" Experienced traders! Help Newbies?

To save me posting lots of links, Helenqu has done a good job here:-

http://thetradepit.com/forum/viewforum.php?f=25

It might be worth asking about the 'TA in a nutshell' course. I think it is generally held 'up north' and has good reviews here http://www.trade2win.com/reviews/product.php?id=139
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Old Sep 12, 2004, 9:00am   #3
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Default Re: Calling all "Senior Members T2W" Experienced traders! Help Newbies?

Gardan, good intent and I hope you get lots of reasoned and pertinent replies, but I'd like to put the record straight on 'that' thread.

When I started the thread I had no idea what the relationship was and at the time, thought they were one and the same. They are not.

Unfortunately, although Duncan Robertson (allegedly a former student of Chief Wizard) is probably one to avoid, the thread 'developed' into a fairly out-and-attack on another t2w member who had and has not to my knowledge indicated any desire or intention to charge members for anything.

Be very careful to clearly separate those responses from people who have direct experience of the trainers/courses being discussed and those that have a hidden agenda or perhaps a vested interest.

I think you're more likely to benefit from the PMs which will inevitably wing their way to you (especially regarding your poiint #3!) and you can also check out the various, fairly recent, threads relating to coaches/courses throughout these forums.

Good luck.
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Old Sep 12, 2004, 11:19am   #4
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Default Re: Calling all "Senior Members T2W" Experienced traders! Help Newbies?

the only real way to learn to trade is to work for a trading company that gives you access to daily support until you are a successful trader or have failed - at least a year of day in day out trading

getting training for a day or two is a complete waste of time - and worse, you will probably be learning from someone who has never made it as a trader, so you will be learning how to fail as a trader, not how to succeed
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Old Sep 12, 2004, 11:38am   #5
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Default Re: Calling all "Senior Members T2W" Experienced traders! Help Newbies?

stevet

While I agree that one or two days with a proffessional is probably not going to make that much difference I totally disagree that the only way you can learn to trade is to work at a trading company. On the contrary you can learn a good deal about good trading styles from reading books, talking to other traders on this and other sites, and experimenting with trading systems that you think of. Even if from all of these you only learn about the power of compound interest and the dangers posed by active trading you will be well ahead of most of the public when it comes to managing your money.

Gardan - i've not gone on any trading courses but I know a few people who have gone on some - in particular one run by Mr. Charts who posts on here regularly. In general the overall opinion is that you can learn some things from such courses but in no way should you consider yourself a trader having attended one or two courses. Be very wary at giving money to people who will a) make you a million as a property developer b) give you to tools you need to make a million from stock trading and c) teach you how to read stock charts like a professional in one day - they are all frauds!

All IMHO

ew.
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Old Sep 12, 2004, 11:52am   #6
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Default Re: Calling all "Senior Members T2W" Experienced traders! Help Newbies?

Read 'Come into my trading room' by Dr Alexander Elder. It will discuss among other things a trading plan. You will come to realise you need to find your own. You might like the examples within the book or it might just provide you with a starting direction. It is an easy read and does not cost a fortune.

You will need to establish what style of trading suits you and what time frame. Then you need to develop your trading strategy around this. Your p;an should consider all aspects of what is required as you approach a trade, while open and when you come to close. The books can start you off but then you will need to practise as you trade and this will help you find your way and what suits you best.

Good luck

Kevin
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Old Sep 12, 2004, 11:56am   #7
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Default Re: Calling all "Senior Members T2W" Experienced traders! Help Newbies?

I have been on some courses but don't think you can get away from just plain learning by experience! You can only take in so much information on a course.
Lots of reading around the subject helps but a lot of books are the same stuff put in a different way by traders who weren't that good in the first place so sell books instead.. the same with the courses.. easier to make a quick few bob out of just talking about trading than actually doing it.
I have found regulaly talking face to face with lots of other traders/investors very helpful and it is free!
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Old Sep 12, 2004, 12:29pm   #8
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Default Re: Calling all "Senior Members T2W" Experienced traders! Help Newbies?

Gardan started this thread Thanks to all above, I am going to research some of the link/advice.
Racer: I did you get the opportunity to speak to other traders face to face??
Kevin: "Come into my trading room is on order,Thanks"
ewilcox: I totally agree with your statement about courses that promise to much, I'm looking for courses that may help with the basics to perhaps speed my apprenticeship up a little.
Bramble: Thanks I will take up all your suggestions.
Stevet: I can not believe that QUALITY training of any length of time is a waste of time, the problem I and we newbies face is finding the best value for money quality training I think?
Bigbusiness: Thanks for the links-I off to check them out.
Many thanks all.
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