New to buying shares I wondered if anyone knows of a good source of tips\advice on the web. Also welcome would be any ideas where I might find a user friendly list explaining the jargon and abbreviations which I am struggling to unvavel?

Thankyou for the advice given. I appreciate those who have taken the time to post their thoughts and will take on board the guidance.
Kram

kram

Welcome to AM - not to be confused with the nutritional pet food site of a similar name.

Here's a site where you might learn a thing or two. Hope it helps

Cheers

DocProc

tagd,

Sorry but I don't think you can simulate real trading by "paper trading", simply because you cannot simulate the "fear/greed" factor until you have your own real money invested.

If however, you do decide to try it, please remember to use the ACTUAL BID/OFFER prices, rather than the convenient mid price, when assessing your performance.

The spread can account for up to 20%, so it's important it's included IMHO.

Some well known "tipsters" conveniently use the mid price when calculating their own performance, which can be quite advantageous to them, but not very accurate or meaningful!

Good luck in your endeavours, and a belated welcome to AM.

Regards,

Andy.

Very true what you say andy, but paper trading does avoid making "hopefully" expensive mistakes down the line.

KRAM - AVOID AINSOPH at all costs, hes a fool who has lost far greater sums than anyone Ive ever read about, or has ever posted on a BB! He lies and cheats and will deny this probably very vigirously-and possibly belivibl;y-BUT please do not take any of HIS "TIPS"!!!
DYOR: D-o Y-our O-wn R-esearch!

Ok... well I've spent my money on 3 stocks that I thought sounded good. I've taken the stance that its money I can afford to lose ,(is there such a thing?),and am now hoping for the best.
Thanks tpaul, I've never heard of that fella but I wouldnt take a punt on a strangers advice at any rate.
Regards Kram.

dont invest any more than u can afford to lose

m r k

Was chatting to a formally trained trader a while back who recommended paper trading WITH A PARTNER for a while - could be the spouse, another trader or a friend.

The technique is to paper trade and to keep a tally of how each day goes, and, at the end of each day to pay your losses to your friend at an agreed rate (say 1p per or 1p per 100) and to reclaim your wins from the same friend. This payment must be made with real money - no IOUs.

I think it's a great idea - it enforces discipline, encourages introspection when things go wrong and also encourages the openness that you'll need to have with your spouse when you trade for real.

Gausie

Why not open a spread bet account with Finspreads. You can trade realtime prices on line for pennies instead of 's. Take out a credit account and you don't even have to part with any dosh up front, although you will have to make good any losses.

BTW, I have no connection with them other than as an account holder.