How to get the relevant skills?

D

Dave981

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Hi all,

I'm new, I'm so new that I haven't even started to trade!
The reason? I'm a complete beginner...

I don't want just guess and invest some money randomly so I wonder if you could recommend how I could acquire sufficient skills to get started.

Ideally an Online course or a Distance learning course or some university/private company providing courses for traders in UK or whatever you think it could be useful to have a basic understanding about trading.

Thanks for your help

D.
 
You might get private messaged by people with a post like that. They are probably scammers so ignore them or name and shame them here.

How's your economic knowledge?
 
Dave981 said:
Hi all,

I'm new, I'm so new that I haven't even started to trade!
The reason? I'm a complete beginner...

I don't want just guess and invest some money randomly so I wonder if you could recommend how I could acquire sufficient skills to get started.

Ideally an Online course or a Distance learning course or some university/private company providing courses for traders in UK or whatever you think it could be useful to have a basic understanding about trading.

Thanks for your help

D.
Click to expand...

Which market(s) are you interested in trading?
 
Dave,

Here's a test:

Give an economic justification for subsidising US farmers whose income is rocketing with commodity prices. What other justification could there be?

And don't begin the answer like a big swot, ie "An economic justification for subsidising farmers..." - this is not a 4th form swotty essay ("You boy. Are you chewing?")

Grant.
 
lesson 1:

economics and trading have a ZERO correlation..............
 
Screen time. Hours and hours and hours of screen time. Couple of years should do it.

Did Bruce Lee wake up and walk onto a film set and start kicking everyone's ass?
Did Jimi Hendrix write Voodoo Chile at 12?
Was Federer No. 1 from the first day he picked up a tennis racket?

Even some of the greats 'here' lost 000's and more and took years.

Experience and time is the greatest teacher. IMO.
 
Last edited:
Wasp,

And did Van Gogh achieve greatness in early life? No. And he didn't achieve it in late life. He achieved it long after his death. The moral is, you may be a sh1t trader when you're alive, but posterity may judge you otherwise. Although this won't pay the bills or cover margin calls.

Grant.
 
grantx said:
Wasp,

And did Van Gogh achieve greatness in early life? No. And he didn't achieve it in late life. He achieved it long after his death. The moral is, you may be a sh1t trader when you're alive, but posterity may judge you otherwise. Although this won't pay the bills or cover margin calls.

Grant.
Click to expand...

Very true. Economic degrees are no guarantee either. One can always keep the 'day job' until, if such a day arrives, when proficiency is attained.
 
You might have misunderstood my question.
I'm not asking to tell me the secret to become a successful trader in 1 day (but I would appriciate if you did..!!:))

I want to study for example how to read properly financial charts or relevant financial data, examples of how to spot patterns and trends, some guidance in choosing the stocks, how to find the stock I want to invest in once I have picked one, what platform I should use, what a platform could enable me to do...

This kind of things. Once I have a basic understanding about how it works (technically), I will stay a couple of years in front of the screen as someone has said!

It doesn't make any sense to me looking at the screen now because I would not know what to look at...

I don't if it is a bit clearer..
 
Dave981 said:
You might have misunderstood my question.
I'm not asking to tell me the secret to become a successful trader in 1 day (but I would appriciate if you did..!!:))

I want to study for example how to read properly financial charts or relevant financial data, examples of how to spot patterns and trends, some guidance in choosing the stocks, how to find the stock I want to invest in once I have picked one, what platform I should use, what a platform could enable me to do...

This kind of things. Once I have a basic understanding about how it works (technically), I will stay a couple of years in front of the screen as someone has said!

It doesn't make any sense to me looking at the screen now because I would not know what to look at...

I don't if it is a bit clearer..
Click to expand...


would you like anything else with that :sleep:
 
Dave981 said:
What's wrong with that?
I'm just looking for a course or something similar to get a basic overview from which I will start to delve into what I'm interested in
Click to expand...

nothing is wrong with that.

if you want a course or something, and you cant google something as basic then it unfortunately signals that you wont have what it takes to trade or invest......and that is work, hard work, research, research, learning, learning, etc. etc.

good luck.

this can help.....Google
 
Dave,

Read all the financial/market reports daily - WSJ.com, Reuters.com, Bloomberg.com, IHT.com, etc. Especailly read the economic releases reports and their affects on the markets. And read all markets - equities, bonds, fx to appreciate that one class rarely moves indepently. If you did this every day for a year, you'll be an expert and able to make more informed decisions.

Grant.
 
kenobi said:
nothing is wrong with that.

if you want a course or something, and you cant google something as basic then it unfortunately signals that you wont have what it takes to trade or invest......and that is work, hard work, research, research, learning, learning, etc. etc.

good luck.

this can help.....Google
Click to expand...

Look,
thank you for the sarcastic answer, the only reason why I posted this thread is because I thought it was a good thing to ask for some advice.
However, if these are the types of answers I receive in this forum, I might as well just google something as you say and I will waste less time.
 
Dave981 said:
I want to study for example how to read properly financial charts or relevant financial data, examples of how to spot patterns and trends, some guidance in choosing the stocks, how to find the stock I want to invest in once I have picked one, what platform I should use, what a platform could enable me to do...
Click to expand...
Hi Dave,
Welcome to T2W.
I'm sorry you feel the response to your thread has fallen short of what you hoped for and / or expected. The reason for this is, I suspect, the inference that you've not done any elementary research. For example, have you:
1. Read all the FAQ's. These are designed specifically with new members such as your good self in mind.
2. Had a really good rummage around the First Steps forum?
3. Studied the articles in the Knowledge Lab' (under 'Articles' in the red headline menu).
4. Bought Rhody Trader's book. (His comment to study one market is VERY sound advice btw. If that's all you take away from this thread - it will have been worth your time and trouble starting it).
You get the general idea. The more effort you make, the more effort other members will make trying to help you.
Enjoy! ;)
Tim.
 
timsk said:
Hi Dave,
Welcome to T2W.
I'm sorry you feel the response to your thread has fallen short of what you hoped for and / or expected. The reason for this is, I suspect, the inference that you've not done any elementary research. For example, have you:
1. Read all the FAQ's. These are designed specifically with new members such as your good self in mind.
2. Had a really good rummage around the First Steps forum?
3. Studied the articles in the Knowledge Lab' (under 'Articles' in the red headline menu).
4. Bought Rhody Trader's book. (His comment to study one market is VERY sound advice btw. If that's all you take away from this thread - it will have been worth your time and trouble starting it).
You get the general idea. The more effort you make, the more effort other members will make trying to help you.
Enjoy! ;)
Tim.
Click to expand...

Thank you Tim
 
timsk said:
Hi Dave,
Welcome to T2W.
I'm sorry you feel the response to your thread has fallen short of what you hoped for and / or expected. The reason for this is, I suspect, the inference that you've not done any elementary research....
Click to expand...

Oi! ;)

My answer I would give to anyone, and do, that wishes to venture down the road of day/swing trading and feel it is the best approach and gave the OP the best answer I feel appropriate! It may not have been the one he hoped for but thats the harsh truth, nothing teaches like experience.

I just noted Dave you did take notice of my post. Well, to add, I would say DO NOT read anything and I would go straight for the screen time. Download WHC metatrader via I think, fastonlinetrading.com. (google it) It has FX, commodities, stocks and futures. Oil, metals, grains and everything else in real time for free. Watch and learn, see where it reacts. Books breed the herd. The herd invaribly loses. Don't be part of it.
 
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