Best way 2 learn 2 trade
Assuming you are interested in Forex spread betting i would suggest you go to http://www.moneytec.com/forums/ and listen into the discussions there. Go to finspreads and sign up there and do their beginners course, or go to one of the spreadbetters who offer a demo use of their platforms. Check on amazon and get a beginners guide to spread betting.
Spreadbetting itself is quite easy, but maiking money isn't, and from that POV you need to understand trading generally.
Do you know trading at all? if not, browse amazon and look for beginners trading books.
key advanced books to invest in are Douglas 'disciplined trader' for the psychology of trading; John Murphy for techncial analysis; for currency Raghee Horner and Kathy Lien's books; Alexander Elder's books and Van Tharp's. be prepared to spend a year reading, learning and practicing; then open an account and be prepared to lose everything you put in.
Broqwse the web for interesting information and discussions; don't buy any of the systems out there for 50usd to 150 usd, as they are a waste an d all the contents are on the web for free. Don't buy expensive system packages as you will not know how to make them work, and they never work as expected.
Metatrader is a great package for technical analysis of the forex and is frfee for demo accounts. For stocks and futures, your choices are endless, but data can be costly. To start with keep charting simple, and use the free and cheap packages on the web to get you started. When you start to know what you are doing then considerr the expensive stuff - but by then you will realize that its best to keep itsimple and don't need expensive systems and tools.
Anyone who promises secret techniques is a liar - there are no secret techniques for sale. Anyone who pushes you to buy on the basis that the price will rise soon is either lying (they usually don't rise in price) or just a huckster selling snake oil
Sorry its a bit disjointed, this is just a brain dump of thoughts on the subject. if yo are serious about a career in this, then be prepared to study and work hard and lose money.
What do you mean by "My ideas are all good"?
Oh, most important of all - read some stuff on money management and risk management. Succeeding at this game is not about being clever with setups, but is mostly about setting correct stops, managing the trade in motion (or setting definite targets), getting your exits right (ie, you have no money until you close the trade). You need to plan your trades and be disciplined enough to manage according to your plans. then you need to learn when to change the plan ....
Don't expect miracles. Trading is not an easy way to quick riches.
bon chance
Spreadbetting itself is quite easy, but maiking money isn't, and from that POV you need to understand trading generally.
Do you know trading at all? if not, browse amazon and look for beginners trading books.
key advanced books to invest in are Douglas 'disciplined trader' for the psychology of trading; John Murphy for techncial analysis; for currency Raghee Horner and Kathy Lien's books; Alexander Elder's books and Van Tharp's. be prepared to spend a year reading, learning and practicing; then open an account and be prepared to lose everything you put in.
Broqwse the web for interesting information and discussions; don't buy any of the systems out there for 50usd to 150 usd, as they are a waste an d all the contents are on the web for free. Don't buy expensive system packages as you will not know how to make them work, and they never work as expected.
Metatrader is a great package for technical analysis of the forex and is frfee for demo accounts. For stocks and futures, your choices are endless, but data can be costly. To start with keep charting simple, and use the free and cheap packages on the web to get you started. When you start to know what you are doing then considerr the expensive stuff - but by then you will realize that its best to keep itsimple and don't need expensive systems and tools.
Anyone who promises secret techniques is a liar - there are no secret techniques for sale. Anyone who pushes you to buy on the basis that the price will rise soon is either lying (they usually don't rise in price) or just a huckster selling snake oil
Sorry its a bit disjointed, this is just a brain dump of thoughts on the subject. if yo are serious about a career in this, then be prepared to study and work hard and lose money.
What do you mean by "My ideas are all good"?
Oh, most important of all - read some stuff on money management and risk management. Succeeding at this game is not about being clever with setups, but is mostly about setting correct stops, managing the trade in motion (or setting definite targets), getting your exits right (ie, you have no money until you close the trade). You need to plan your trades and be disciplined enough to manage according to your plans. then you need to learn when to change the plan ....
Don't expect miracles. Trading is not an easy way to quick riches.
bon chance
what i mean by my ideas r generally good is i have an idea but don't act on it & years later end up saying 2 myself if only i'd done this or if only i'd done that.... as reguards spread betting i've wanted 2 have something 2 do with shares 4 a long time & infact lost £1200 on black friday years ago but now it seems u can cut out the middle man i don,t mind hard work......
Assuming you are interested in Forex spread betting i would suggest you go to http://www.moneytec.com/forums/ and listen into the discussions there. Go to finspreads and sign up there and do their beginners course, or go to one of the spreadbetters who offer a demo use of their platforms. Check on amazon and get a beginners guide to spread betting.
Spreadbetting itself is quite easy, but maiking money isn't, and from that POV you need to understand trading generally.
Do you know trading at all? if not, browse amazon and look for beginners trading books.
key advanced books to invest in are Douglas 'disciplined trader' for the psychology of trading; John Murphy for techncial analysis; for currency Raghee Horner and Kathy Lien's books; Alexander Elder's books and Van Tharp's. be prepared to spend a year reading, learning and practicing; then open an account and be prepared to lose everything you put in.
Broqwse the web for interesting information and discussions; don't buy any of the systems out there for 50usd to 150 usd, as they are a waste an d all the contents are on the web for free. Don't buy expensive system packages as you will not know how to make them work, and they never work as expected.
Metatrader is a great package for technical analysis of the forex and is frfee for demo accounts. For stocks and futures, your choices are endless, but data can be costly. To start with keep charting simple, and use the free and cheap packages on the web to get you started. When you start to know what you are doing then considerr the expensive stuff - but by then you will realize that its best to keep itsimple and don't need expensive systems and tools.
Anyone who promises secret techniques is a liar - there are no secret techniques for sale. Anyone who pushes you to buy on the basis that the price will rise soon is either lying (they usually don't rise in price) or just a huckster selling snake oil
Sorry its a bit disjointed, this is just a brain dump of thoughts on the subject. if yo are serious about a career in this, then be prepared to study and work hard and lose money.
What do you mean by "My ideas are all good"?
Oh, most important of all - read some stuff on money management and risk management. Succeeding at this game is not about being clever with setups, but is mostly about setting correct stops, managing the trade in motion (or setting definite targets), getting your exits right (ie, you have no money until you close the trade). You need to plan your trades and be disciplined enough to manage according to your plans. then you need to learn when to change the plan ....
Don't expect miracles. Trading is not an easy way to quick riches.
bon chance
Spreadbetting itself is quite easy, but maiking money isn't, and from that POV you need to understand trading generally.
Do you know trading at all? if not, browse amazon and look for beginners trading books.
key advanced books to invest in are Douglas 'disciplined trader' for the psychology of trading; John Murphy for techncial analysis; for currency Raghee Horner and Kathy Lien's books; Alexander Elder's books and Van Tharp's. be prepared to spend a year reading, learning and practicing; then open an account and be prepared to lose everything you put in.
Broqwse the web for interesting information and discussions; don't buy any of the systems out there for 50usd to 150 usd, as they are a waste an d all the contents are on the web for free. Don't buy expensive system packages as you will not know how to make them work, and they never work as expected.
Metatrader is a great package for technical analysis of the forex and is frfee for demo accounts. For stocks and futures, your choices are endless, but data can be costly. To start with keep charting simple, and use the free and cheap packages on the web to get you started. When you start to know what you are doing then considerr the expensive stuff - but by then you will realize that its best to keep itsimple and don't need expensive systems and tools.
Anyone who promises secret techniques is a liar - there are no secret techniques for sale. Anyone who pushes you to buy on the basis that the price will rise soon is either lying (they usually don't rise in price) or just a huckster selling snake oil
Sorry its a bit disjointed, this is just a brain dump of thoughts on the subject. if yo are serious about a career in this, then be prepared to study and work hard and lose money.
What do you mean by "My ideas are all good"?
Oh, most important of all - read some stuff on money management and risk management. Succeeding at this game is not about being clever with setups, but is mostly about setting correct stops, managing the trade in motion (or setting definite targets), getting your exits right (ie, you have no money until you close the trade). You need to plan your trades and be disciplined enough to manage according to your plans. then you need to learn when to change the plan ....
Don't expect miracles. Trading is not an easy way to quick riches.
bon chance
by the way thanks 4 ur sound advice, i know this thing will take a bit of time 2 sort out but i'm a patient person....by the way a pal of mine actually bought an expensive system it cost big monies, made me shudder/cringe,
Assuming you are interested in Forex spread betting i would suggest you go to http://www.moneytec.com/forums/ and listen into the discussions there. Go to finspreads and sign up there and do their beginners course, or go to one of the spreadbetters who offer a demo use of their platforms. Check on amazon and get a beginners guide to spread betting.
Spreadbetting itself is quite easy, but maiking money isn't, and from that POV you need to understand trading generally.
Do you know trading at all? if not, browse amazon and look for beginners trading books.
key advanced books to invest in are Douglas 'disciplined trader' for the psychology of trading; John Murphy for techncial analysis; for currency Raghee Horner and Kathy Lien's books; Alexander Elder's books and Van Tharp's. be prepared to spend a year reading, learning and practicing; then open an account and be prepared to lose everything you put in.
Broqwse the web for interesting information and discussions; don't buy any of the systems out there for 50usd to 150 usd, as they are a waste an d all the contents are on the web for free. Don't buy expensive system packages as you will not know how to make them work, and they never work as expected.
Metatrader is a great package for technical analysis of the forex and is frfee for demo accounts. For stocks and futures, your choices are endless, but data can be costly. To start with keep charting simple, and use the free and cheap packages on the web to get you started. When you start to know what you are doing then considerr the expensive stuff - but by then you will realize that its best to keep itsimple and don't need expensive systems and tools.
Anyone who promises secret techniques is a liar - there are no secret techniques for sale. Anyone who pushes you to buy on the basis that the price will rise soon is either lying (they usually don't rise in price) or just a huckster selling snake oil
Sorry its a bit disjointed, this is just a brain dump of thoughts on the subject. if yo are serious about a career in this, then be prepared to study and work hard and lose money.
What do you mean by "My ideas are all good"?
Oh, most important of all - read some stuff on money management and risk management. Succeeding at this game is not about being clever with setups, but is mostly about setting correct stops, managing the trade in motion (or setting definite targets), getting your exits right (ie, you have no money until you close the trade). You need to plan your trades and be disciplined enough to manage according to your plans. then you need to learn when to change the plan ....
Don't expect miracles. Trading is not an easy way to quick riches.
bon chance
Spreadbetting itself is quite easy, but maiking money isn't, and from that POV you need to understand trading generally.
Do you know trading at all? if not, browse amazon and look for beginners trading books.
key advanced books to invest in are Douglas 'disciplined trader' for the psychology of trading; John Murphy for techncial analysis; for currency Raghee Horner and Kathy Lien's books; Alexander Elder's books and Van Tharp's. be prepared to spend a year reading, learning and practicing; then open an account and be prepared to lose everything you put in.
Broqwse the web for interesting information and discussions; don't buy any of the systems out there for 50usd to 150 usd, as they are a waste an d all the contents are on the web for free. Don't buy expensive system packages as you will not know how to make them work, and they never work as expected.
Metatrader is a great package for technical analysis of the forex and is frfee for demo accounts. For stocks and futures, your choices are endless, but data can be costly. To start with keep charting simple, and use the free and cheap packages on the web to get you started. When you start to know what you are doing then considerr the expensive stuff - but by then you will realize that its best to keep itsimple and don't need expensive systems and tools.
Anyone who promises secret techniques is a liar - there are no secret techniques for sale. Anyone who pushes you to buy on the basis that the price will rise soon is either lying (they usually don't rise in price) or just a huckster selling snake oil
Sorry its a bit disjointed, this is just a brain dump of thoughts on the subject. if yo are serious about a career in this, then be prepared to study and work hard and lose money.
What do you mean by "My ideas are all good"?
Oh, most important of all - read some stuff on money management and risk management. Succeeding at this game is not about being clever with setups, but is mostly about setting correct stops, managing the trade in motion (or setting definite targets), getting your exits right (ie, you have no money until you close the trade). You need to plan your trades and be disciplined enough to manage according to your plans. then you need to learn when to change the plan ....
Don't expect miracles. Trading is not an easy way to quick riches.
bon chance
Danny
Having traded for a long time I will tell you what most every other Trader on earth will agree on - trading has got to be one of the hardest ways to make a living, ever. I encourage you as did 'Cromer' in the previous post to get yourself a good base of books and begin reading.
Dont bother wasting your money on 'Guru' books written by so called experts who have made it big and are selling you the 'secret' to getting rich. Those books are crap and not worth the paper they are printed on. Nobody sells a secret trading methodology or goes on the trade show circuit giving seminars at $100-$2000.00 a head if they are a success. Only reason these guys are writing books is because they didnt make it as traders. Less than 1% of people who attempt a trading career fail and it's not why you think. Trading is not really rocket science but it does involve some severe nouse. The biggest killer of traders however is psychology, fear and greed, both of these will wipe your trading capital faster than a NYC floor trader clearing sweat from his brow. Greed, over trading, extending yourself by trading too many contracts against your capital size will kill you.
1) Buy yourself about 2 good down to earth, technical analysis books to get a grounding in knowledge -
Technical Analysis of the Currency Market : Classic Techniques for Profiting from Market Swings and Trader Sentiment (Wiley Trading) This is not a bad book - pay attention to market sentiment since this is overall mass market psychology and governs the market movement of price more than anything else. Chose another book like - Technical Analysis of the Financial Markets : A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance S.) (Hardcover) by John Murphy
2) Read the book - Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder. A damn good read about correcting your thinking and size of each trade.
Regarding trading platforms Danny, dont bother spending money on big expensive programs and data provision services. These do not make you any better a trader and all the software you need is out there for free. Regarding technical indicators, dont search for the 'holy grail' it's not out there unless you manage to build it yourself.
Develop in yourself discipline, log a diary of all your trades, mistakes, when you do something right, anything less and you will fail. Begin trading for a long period on a demo account before risking your money but treat this as though it were real capital.
Get it out of your head that this is 'easy money' and that spread betting and such is the way to go. You may as well head to the casino and bet on black or red, trust me, your chances will be better.
Top traders in this industry that have made money consistently and managed to keep it have done so slowly and over long periods of time. Read the book - New Market Wizards by Jack D Schwager and note what all of those guy's have in common.
Danny, be patient, study up, dont be in a hurry to make a fortune and you will be fine.
I wish you all the best for the future.
FxNorth
Having traded for a long time I will tell you what most every other Trader on earth will agree on - trading has got to be one of the hardest ways to make a living, ever. I encourage you as did 'Cromer' in the previous post to get yourself a good base of books and begin reading.
Dont bother wasting your money on 'Guru' books written by so called experts who have made it big and are selling you the 'secret' to getting rich. Those books are crap and not worth the paper they are printed on. Nobody sells a secret trading methodology or goes on the trade show circuit giving seminars at $100-$2000.00 a head if they are a success. Only reason these guys are writing books is because they didnt make it as traders. Less than 1% of people who attempt a trading career fail and it's not why you think. Trading is not really rocket science but it does involve some severe nouse. The biggest killer of traders however is psychology, fear and greed, both of these will wipe your trading capital faster than a NYC floor trader clearing sweat from his brow. Greed, over trading, extending yourself by trading too many contracts against your capital size will kill you.
1) Buy yourself about 2 good down to earth, technical analysis books to get a grounding in knowledge -
Technical Analysis of the Currency Market : Classic Techniques for Profiting from Market Swings and Trader Sentiment (Wiley Trading) This is not a bad book - pay attention to market sentiment since this is overall mass market psychology and governs the market movement of price more than anything else. Chose another book like - Technical Analysis of the Financial Markets : A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance S.) (Hardcover) by John Murphy
2) Read the book - Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder. A damn good read about correcting your thinking and size of each trade.
Regarding trading platforms Danny, dont bother spending money on big expensive programs and data provision services. These do not make you any better a trader and all the software you need is out there for free. Regarding technical indicators, dont search for the 'holy grail' it's not out there unless you manage to build it yourself.
Develop in yourself discipline, log a diary of all your trades, mistakes, when you do something right, anything less and you will fail. Begin trading for a long period on a demo account before risking your money but treat this as though it were real capital.
Get it out of your head that this is 'easy money' and that spread betting and such is the way to go. You may as well head to the casino and bet on black or red, trust me, your chances will be better.
Top traders in this industry that have made money consistently and managed to keep it have done so slowly and over long periods of time. Read the book - New Market Wizards by Jack D Schwager and note what all of those guy's have in common.
Danny, be patient, study up, dont be in a hurry to make a fortune and you will be fine.
I wish you all the best for the future.
FxNorth
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My ideas are all good but getting started is a big grey area 4 me,i just want 2 get going & take it from their!!!!!...