Hithere from a noob

Hithere guys.

I have recently decided that I have worked for a boss for long enough and that I want to stoke my own little fire. Trading is something that has interested me for some time and I am finally busy studying up on it.

Does anyone have any good starting points? I am still a long way from trading, because there is so much to learn. I am currently doing an on-line course by Robert Miner but would appreciate any other useful courses.

Thanx in advance.

Forex Currency Trading Online - Forex: Foreign Exchange (FX) Market check their school it's the best way to start, then start reading books as much as you can,it will take a long time don't be in a hurry!

Another newbie

Hi Wolf,

I am a newbie that joined today also, & this is my 1st posting. This site looks like a great place to meet likeminded people. I'm doing a course via the ASX Australian Securities Exchange - Stock Market Information, Stock Quotes - ASX it's a freebie, & I'm finding it helpful.

Thanks Xebectrader for your links to the Forex site, I will have a look at that as well.

My aim is to make the same as I would in wages each week, without risking huge amounts of money, & I realise that some weeks will be worse than others.

I had a half hearted "play" with playing at buying & selling before Christmas last year, knowing full well that, life was going to get too busy for me to go on with it.

However, time is on my side & I want to get serious about trading now.

If there are any experienced traders out there that read this, I traded 3 days last week, & have traded 2 days this week using between $2,000.00 & $6,000.00 to buy shares with.
So far, I have made $1,100.00 - brokers fees of $165.00

Have I fluked it ??? Or am I onto something ??

I have used some well known "solid Ozzie co.s who's shares are below $2.00, I have bought them at close to their low, & resold as soon as they have made me any sort of profit.

Today was a good example, I bought 8,000 shares at .25c each, & everytime they went
up to .255c I sold them for a $40.00 profit, then I rebought them as soon as they went back down to .25c. That happened 10 times today.

I'm not even sure that I am allowed to buy & sell that many times in a day within one company ?

I am sure I will learn a lot here.

Thankyou trade2win site owners for running this site, it's great.

Cheers

ArcticWolf said:

Does anyone have any good starting points? I am still a long way from trading, because there is so much to learn.

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In terms of books, I'd highly recommend Reminiscences of a Stock Operator: Marketplace Books: Books it's a great introduction into the world of trading and actually very entertaining to read.

If you're looking for some free online trading lessons (and now for the shameless self-promotion ) we have some solid stuff on our website www.Tradecamp.co.uk all 100% free. We're actually ex-industry insiders and we've tried to create some lessons that address the real reasons beginners lose.

Finally, I would say that no one single course, book or blog post is going to complete your learning, just like mastering any subject it'll take a lot of patience and determination and actual trading to improve.

All the best!

______________________________

TradeCamp - No 'bs' Trading Education

Read as much as you can, it will be a long journy don't give up, be patient

Reminiscences of a Stock Operator is a great book indeed

Thanx for the advice. I'll see if I can get my hands on a copy ......:smart:

Thanx for the link. I've bookmarked it and will go through it at leisure.

Thanx a bunch. I've browsed through the articles on your site and they seem very informative ....

ArcticWolf said:

Hithere guys.

I have recently decided that I have worked for a boss for long enough and that I want to stoke my own little fire. Trading is something that has interested me for some time and I am finally busy studying up on it.

Does anyone have any good starting points? I am still a long way from trading, because there is so much to learn. I am currently doing an on-line course by Robert Miner but would appreciate any other useful courses.

Thanx in advance.

Click to expand...

That’s fantastic, working for yourself comes with all sorts of benefits however I’ve found friends that are self-employed struggle to ever have any time off, when you work for yourself you always want to be making money, understandably, but when you are on holiday no one is paying you! Mind you not having to commute into London every day and put up with the miserable faces of our charming fellow commuters would be a god send!
As far as starting points, I would say maybe try an execution only brokerage, they tend to be more hands on and offer more guidance, and you get a real personal/friendly service. If you opened an account and put a small amount of money on the account then you would no doubt qualify for some sort of research, this would be great for you if you are just starting out, rather than someone telling you what to do you get to read some helpful tips then make the decision yourself, this would definitely aid your learning.
With online courses I’m not really sure, if it was me I’d just Google trading for beginners or something similar to that, I’m sure you would get heaps of results and have a load of courses to choose from.
Good luck with it all!