complete newbie advice?

This is a discussion on complete newbie advice? within the First Steps forums, part of the Reception category; hi guys, im looking to get into trading as it has always intrested me! I was looking for some advice ...

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Old Feb 10, 2010, 8:38am   #1
 
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Joined Feb 2009
complete newbie advice?

hi guys,

im looking to get into trading as it has always intrested me! I was looking for some advice of were to start?

ive booked to go onto a free seminar by greg slecker in liverpool next month! and was wondering if they any good material out there i can read?

once i got some good knowledge il use practice accounts before i trade live!

But for know im looking for material or free seminars or even courses that dont cats a fortune to learn.

all advice greatly appreciated?
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Old Feb 10, 2010, 12:04pm   #2
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Re: complete newbie advice?

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Old Feb 10, 2010, 2:00pm   #3
 
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Re: complete newbie advice?

thekaver started this thread stop ruining my post ye ****** im looking for some serious answers here m8!
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Old Feb 10, 2010, 2:39pm   #4
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Re: complete newbie advice?

Quote:
Originally Posted by thekaver View Post
stop ruining my post ye ****** im looking for some serious answers here m8!
i guess turn 50k to 6million in 3 month is not enough for you..
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Old Feb 10, 2010, 3:21pm   #5
 
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Re: complete newbie advice?

I was going to offer the advice that you should avoid internet forums, but I guess if you possess the analytial skills you'll require to suceed, on the basis of the responses you've recieved so far, you'll already have worked that out for yourself by now !

Seriously I'd cancel the seminar, read a couple of books on trading psychology, read up on risk management and position sizing, then get stuck in to looking at some charts.

If you want to take something positive from T2W take a look at timsk's trading plan template, it'll hopefully give you a few ideas about the basics that you need to be thinking about at this stage.
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Old Feb 10, 2010, 3:45pm   #6
Joined Nov 2008
Re: complete newbie advice?

Quote:
Originally Posted by thekaver View Post
hi guys,

ive booked to go onto a free seminar by greg slecker in liverpool next month!
Ooh ooh!! can you send me a link and details please?
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Old Feb 11, 2010, 10:21pm   #7
 
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Re: complete newbie advice?

thekaver started this thread
Quote:
Originally Posted by Black Swan View Post
Ooh ooh!! can you send me a link and details please?
http://www.knowledgetoaction.co.uk/

there ye go m8! i thought its a free taster so it cant do any harm
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Old Feb 12, 2010, 12:22am   #8
Joined Aug 2009
Re: complete newbie advice?

To be honest mate, unless you live 5 minutes away from the where they are holding the seminar, I wouldn't bother.
They will give you a little taster of some system or other, show you how much money you can make and then ask you to get you credit card out and pay £5k or so for some course/DVD etc.

Years ago I went to one for buying property....same old thing...pay us £10k and we will show you how you can make cash from Buy-To-Let.
I done some reading, then some more reading then went out and done it for myself, granted I ain't no millionaire but me and the Mrs made a very good return on my property strategy.

I am a trading newbie myself, started last September....my honest advice to you is don't pay for training all you need is right here and a few other places....and it's all free it just takes some seeking out.
Granted you will pay a tuition fee in a way...you will pay this fee to the market through your losses and not to some guy or company that will promise you the earth, take your money, say to you - do this then and then do this and leave you too it.

I have tried a few strategy's in my short time as a newbie trader and have had small successes along the way but this week has been my best week ever I banked a total of 230 pip's this week from 3 trades. I would tell you where to find this strategy but I ain't sure wether the mod's would allow for outside links, PM me if interested....I ain't saying it's the holy grail but it could be a very good foundation for getting you started.


Best of Luck

Harmudge.
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Old Feb 21, 2010, 12:29am   #9
Joined Feb 2009
Re: complete newbie advice?

Read through some of the posts by Mr Charts and Trader_Dante on this site. I find books useful too and Come into My Trading Room by Dr. Alexander Elder is a good one.

All the best.
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Old Feb 21, 2010, 1:02am   #10
Joined Aug 2009
Re: complete newbie advice?

Agreed, trader Dante's thread is very good haven't read too much of mr charts but have heard good things about it.
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