Enlightenment

colinn

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i have been looking at spreadbetting for over three years and in the very near future I should be in a position to start. I bought Champion traders By Shiraz Lahki but he seems to have vanished, but on his site now comes up "click more" are they connected? Has anybody had any experience with them. Would I be better spending £137 on the beginners book?
Your comments and advice would be very much appreciated.

Thank you

Colinn
 
Your 137 quid would be better off in your pocket for the time being. Read the sticky threads on here, regarding early steps, how to trade. It's all good stuff, warts and all. Ftse beater wrote an excellent piece some time back, and there are many, many, articles and threads to keep you going.

I think I would be correct in saying that there is so much content on these boards that you will be hard pressed to find additional material elsewhere. What you will get and be offered is the dressed up glossy promise of overnight riches/ New trading techniques/previously undiscovered ways of trading from vendors etc etc. Just remember there is nothing new in trading. no matter how glossy it's dressed up.

After you think you have read enough, take your 137 quid, add a bit more to it and start trading. (Demo accounts to start with). That's when you start to really learn some lessons. After a little while you may find that you need additional training. The smaller the amount of people in a group the better (for you), one on one is better imho. Again, the good and the bad trainers have been mentioned on here.

More importantly though. You have to decide what type of trading you want to do. It's no good learning about scalping a market/share etc, if you can't sit in front of a computer all day. And just because forex is a 24 hour market, it doesn't make a lot of sense to open a position in the eur/usa at 11.30pm while everyone is sleeping.

It's a long road. Make sure you have sturdy walking shoes!
 
Thank you I will keep my hand in pocket. I only discovered this site today!! So this must be my lucky day.
Thanks again
Colinn
 
Colinn,

You were not very clear about whether you have acquired the Champion Trader or if you intend to buy it.
 
I wouldnt bother with CT - its nothing special. I had a copy of the ebook and it got consigned to the circular file beneath my desk quite some time ago.

If you want to buy a book, consider J.Murphys Technical Analysis of the Financial Markets - its about £40 hardback / £20 paperback, and will make much better reading than most.
 
rossored said:
I wouldnt bother with CT - its nothing special. I had a copy of the ebook and it got consigned to the circular file beneath my desk quite some time ago.

If you want to buy a book, consider J.Murphys Technical Analysis of the Financial Markets - its about £40 hardback / £20 paperback, and will make much better reading than most.

alternatively, subscibe to;

http://www.spytrdr.com

for about £12, you get access to dowload loads of material, including Murphy's book.

Worth a look.

UTB
 
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