top 3 tips?

use the search facility....

wealth of information on here, there and everywhere...

you need to pick a particular style, and make it your own. master that and you're away.

FC
 
Look at your own psychology consciously direct yourself at all times. (emotion,conscious,sub-conscious) look at those 3 get to understand them and yourself,how they affect you in trading. (take years ? YES very likely)

Armies are effective at conditioning humans to act immediately without hesitation on an order . You will have to be your own drill sergeant following your own orders.

Read Mark Douglas,Alexander Elder. (psychological primers specific to trading)
Zen philosophy (specific to everything) ,
The psycholgy and zen lead to having control (recognising ) over your ego and emotions. Conditioning yourself to act in your best interests. No matter what method you employ.

If you start feeling physically upset , then its a sign you need to look at your psychology firstly/deeper .

Enjoy The Trip.

not tips as such but mainly what I would talk to you about. "Master yourself and your away" maybe.
Listen to opinions , dont close off to anything, but understand you take full responsibility when chosing to act or not act on them. Find out for yourself.

jsd.
 
1/ Dont lose money
2/ Have patience
3/ Have discipline
(4/ Dont open a spread trading account - sorry, couldn't resist)
 
also, forgot to add.

dont try to trade when drunk.


have attempted that a few times.

not to be recommended...
 
watch charts day in day out for at least a year trying to figure out what is happening and how you can take advantage of it - and never spread bet ! there is hardly anything of value in books or on the net that will help you - most will just slow your learning process
 
1) Master basic technical analysis.

2) The trend is usually your friend.

3) Always use stop losses and adhere to them.
 
garyshaz said:
new to trading - what would be your top 3 tips to a newcomer?

1.The trend is your friend
2.The trend is your friend
3.The trend is your friend


oh, ok......;

4. Forget fundamentals.

Good luck,

UTB

PS...if you intend to swing / position trade and make money, open a spread betting account. :cheesy:
 
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1. Rigid self discipline
2. Plan the trade and trade the plan
3. A properly executed trade which is not profitable comes with the territory and is not a reflection on your self esteem, it is merely the cost of doing business.

Richard
 
A good trader with a bad plan will make more money than a bad trader with a great plan
 
1. Learn what an auction market is and how it operates.
2. Decide exactly what it is you want from it.
3. Develop, test, and implement a trading plan with objectivity and consistency.
 
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