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This is a discussion on information within the First Steps forums, part of the New Traders category; hello, im have a few shares in a few companys but want to expand, can any1 tell me where to ...

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Old May 21, 2010, 6:16pm   #1
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hello,

im have a few shares in a few companys but want to expand, can any1 tell me where to get a good book from so i can swot up on how to investand make some money please?

cheers
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Old May 22, 2010, 8:25am   #2
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If you are determined to make money from buying shares, holding for dividends and selling shares that have grown, as a shareholder rather than a trader, try the Zulu Principle and Beyond the Zulu Principle, both by Jim Slater.
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Old May 23, 2010, 5:57am   #3
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iceman121 started this thread Im looking to start trading what books could i look at for that?

cheers
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Old May 23, 2010, 6:10am   #4
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For actual trading strategies and techniques, this site can teach as much as many very expensive books.

However, my best book sources have been -
Steve Nison on candlestick charting
Marc Rivalland on swing trading
Rashcke and Connors on short-term strategies
Mark Douglas on attitudes and psychology
Alex Elder on money management

Plus maybe Sun T'zu for confidence
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Old May 23, 2010, 7:56am   #5
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Originally Posted by iceman121 View Post
Im looking to start trading what books could i look at for that?

cheers
do a google for 'trading'. then click on 'books' at the top of the page. that will give you a lot to look at.....

and perhaps some sources where you can find some free ebooks to download.

At least you will be able to make a list to take to the library, although not all libraries have a great supply of investment type books.
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Old May 26, 2010, 3:52pm   #6
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iceman121 started this thread where do i start, im new to trading. i have a few shares in different things but i want to start trading rather than hanging on to them.
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Old May 26, 2010, 5:30pm   #7
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iceman, you've made a good start by being here, there's lots of free information and guidance, by real traders, not book-writers or newsletter vendors.

Start with what you have. Are your shares in profit where they are now? If they're in the money, are they rising further? If not, what are you waiting for?

If you're down on a share, where will you get out: -10%? -50%?? -90%?!?!?!? If you are down on your shares, and close the losers, will you still be able to trade or are you wiped out? Being wrong isn't bad its just an overhead of trading: its staying wrong that is dangerous. Before buying another share, work out what you could lose before you start dreaming of what you could win. Work out what price the share wiould have to go to to prove you were wrong to buy it: if you are wrong, get out.
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Old May 26, 2010, 5:37pm   #8
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iceman121 started this thread thanks for the advice, i have currently got them in banks and housing at the mo, would you suggest to invest somert like oil gold etc
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