Please take the time to read this..

[K21000]

Hello,
How is everybody today?. I'm Tom im new too this site,
Just wanted to start off with, I'm new to trading..
Over the last few weeks, I haven't been sleeping. "but its ok" because I have discovered, the wide world of investing.. It have totally drawn me in all the information on The web. The finacial review. Lol, smart investor. Have sibscribshion to like 13 apps. +500 that kinda thing. Time , but I'm have trouble with some basic stuff like were to start my on line trading accout, i have one at cityindex, but it seems bland.. want to trade on my own no broker. I am very strong minded. Also I do like to take some risks, witch I know can be bad, but it's like lotto in it to win hey?? I love the art of learning. And I'm willing to do this full time, working at night for funds, I just want to know if any one has some books that they would reckomend, that starts with termonogly, how to read charts goes though the lot that you need to know so in my mind its backed up. Also we're I should start my trading account, if I should stay, really anything you think would be a benefit would be so appreciated,
thank's
cheers Tom

 

[pboyles]

Have you received any phone calls yet offering you some investments?

 

[BeginnerJoe]

Start in the casino. The odds on roulette red and black is 49% chance winning. The chance to win in the markets is less than 10%.

 

[K21000]

Yea thanks, it maybe good advice, but not really, what I'm after see, i know a few company's on the rise. so what I'm looking for is really how to play the game, and maybe good advice I have money to spend, I just need lots of knowledge before I take it a step further... If you could start me off on. maybe, need to know knowledge -aspects of trading sites, some were too start trading. on my own online... That's would be muchly appreciated...

 

[K21000]

MeAnInG pboyle?.

 

[the hare]

Start in the casino. The odds on roulette red and black is 49% chance winning. The chance to win in the markets is less than 10%.

A great example of your lack of understanding of an edge.

 

[barjon]

You could do worse than to browse through this http://www.trade2win.com/boards/first-steps/89078-essentials-first-steps.html if you haven't already.

 

[Brumby]

Hi Tom,

There are a few keywords that I picked up from what you said that might be a problem when applied to trading, such as :

strong minded - tough minded maybe but not fixed minded
take risk - the issue is not acceptance but management
lotto in it - trading is not gambling and hence a poster's suggestion about the casino as it probably gives better odds
knowledge - while important is not as important as application and sound application can only come from experience

Trading is hard and so be prepared to put in at least 5 or more years before you see some real progress. It took me more than 10 years but I am a slow learner.

Read as many trading books as you can find because the initial years will be self discovery and you need to acquire a lot of knowledge and in that process filter out what works for you that best fits your personality. Many times you will find dead ends and frequently be frustrated by being one step forward and two steps back before you see any degree of progress. The initial years will be about survival without blowing up your trading account. Sadly, many do not surive the initial stages. I hope you will find success that are elusive to many. All the best.

 

[K21000]

Yea your a funny guy The hare, you see here in kalgoorlie we shoot rabbits, become some what of a pest, so if you have nothing useful to say don't say nothin..
Jesus loves you

 

[the hare]

Yea your a funny guy The hare, you see here in kalgoorlie we shoot rabbits, become some what of a pest, so if you have nothing useful to say don't say nothin..
Jesus loves you

I can see you'll fit right in here at the zoo.

Did Jesus really tell you that he loves me ? I don't ever recall meeting him.

From what I hear, the last time he ran into a bunch of people like me who exchange currencies for a living, he caused a bit of a fuss and kicked some tables over.

Are you sure that I am teh hare you where discussing ?

 

[K21000]

Hi Tom,

There are a few keywords that I picked up from what you said that might be a problem when applied to trading, such as :

strong minded - tough minded maybe but not fixed minded
take risk - the issue is not acceptance but management
lotto in it - trading is not gambling and hence a poster's suggestion about the casino as it probably gives better odds
knowledge - while important is not as important as application and sound application can only come from experience

Trading is hard and so be prepared to put in at least 5 or more years before you see some real progress. It took me more than 10 years but I am a slow learner.

Read as many trading books as you can find because the initial years will be self discovery and you need to acquire a lot of knowledge and in that process filter out what works for you that best fits your personality. Many times you will find dead ends and frequently be frustrated by being one step forward and two steps back before you see any degree of progress. The initial years will be about survival without blowing up your trading account. Sadly, many do not surive the initial stages. I hope you will find success that are elusive to many. All the best.

Thanks for your input, i found what you said to took me back a step. it is a very frustrating thing I can see, so many ways to analyse predicting out come,knowing insider information,company research, meetings.. applying Canslim is a process. everything takes time I just want people's guidance, in basics of all aspects.To building up, So i can have a go that this forsaken world.. form people knowing the industry, I'm clearly obsessed, and I love puzzles..

 

[K21000]

Don't think so, I don't really like rabbits.. But i must say, you are funny..

 

[BeginnerJoe]

people like me who exchange currencies for a living

Do you have a statement to show for that ?

 

[K21000]

Well yes can be lots of discussion on any subject but kicking tables over, I like to try and accept, be debatable, show emotion, but no forced opinions , like to make a fuss when i know I'm right. than its not really a fuss, cop it. I just move on.. see its just some people are just sore at losing. Money is noth everything it's having an interest..

 

[the hare]

I think you'll do ok.

 

[phoenix25140]

Start in the casino. The odds on roulette red and black is 49% chance winning. The chance to win in the markets is less than 10%.

Woah give the kid some support. Read a few decent technical books, paper trade, then start with small odds, print off each of your trades and comment why you made it and simply learn.

And P.S dont ask open questions on here because there are numerous people who have been burned by the markets who will put you off, including me.

 

[BeginnerJoe]

Woah give the kid some support. Read a few decent technical books, paper trade, then start with small odds, print off each of your trades and comment why you made it and simply learn.

And P.S dont ask open questions on here because there are numerous people who have been burned by the markets who will put you off, including me.

So you got burnt by the market and you want the OP to go do the same ? There's something not right about this. It's a bit like a guy coming out of the water with an arm missing saying "Strewth, mate, that shark was a big whoppa. Now you go in there and check for yourself !"

 

[the hare]

So you got burnt by the market and you want the OP to go do the same ? There's something not right about this. It's a bit like a guy coming out of the water with an arm missing saying "Strewth, mate, that shark was a big whoppa. Now you go in there and check for yourself !"

Conversely many of the posts at the zoo are like the butt ugly son of a bitch who couldn't get laid in a brothel walking out of a joint, filled with fine hookers and telling the punter waiting at the door, "don't go in their mate, its full of pox infected whores" .

 

[timsk]

Conversely many of the posts at the zoo are like the butt ugly son of a bitch who couldn't get laid in a brothel walking out of a joint, filled with fine hookers and telling the punter waiting at the door, "don't go in their mate, its full of pox infected whores" .

I'm lovin' it, undoudtedly your best ever post the hare (in your current incarnation, lol). Absolutely spot on!
Tim.

 

[phoenix25140]

So you got burnt by the market and you want the OP to go do the same ? There's something not right about this. It's a bit like a guy coming out of the water with an arm missing saying "Strewth, mate, that shark was a big whoppa. Now you go in there and check for yourself !"

Hm, it depends how you look at things, you may see a shark Joe, but others may see a tough game of strategy that your mental capabilities are yet to understand so you like to spend your quiet, uneventful sundays putting off others who may eventually be better than you with the right advice, reading material and mentality.

So dont be too hasty to the put a negative swing on various open ended posts, I am not a successful trader myself as of yet but I am now starting to win a signifcant amount of trades through practice, experience and broker advice from this site. I am simply trying to explain that the markets can hurt.