janeys
- 15 Jan 2007 12:56
Advice please!!!
I'm looking to start trading as somethig to fill my time and (hopefully) earn a little more money. I've gradually left my old work, (nothing in finance), but I have got an old degree in economics.
I've been on a couple of trading courses including Greg Seckers, but was simply overwhelmed by the amount of information (as well as staggered by the cost!!!). I need something simpler and more for beginners.
Searching the web I've come across http://www.trade4success.co.uk who are running some educational workshops for under a 100, but don't know if they're worth it.
Has anyone any experience of them, know any other courses, or got any advice for a virgin trader.
Thanks for reading and for your help.
jj50
- 17 Jan 2007 21:45
- 18 of 22
Janeys - I am not sure if they have any current plans but Money AM have had meetings in the past and for a tenner you can get a lot of information, practical advice and meet an awful lot of strange people (i.e. the people on these threads!!). They are a great bunch, it is a good laugh and you can get plenty of helpful advice and pointers for starting out in trading. We were all new to it once and benefited from sharing the experience.
Frankly, there are very few courses that I would spend my money on but it could be worth going to one of CMC's freebie sessions (with David Jones on TA) or City Index ..that type of thing. They do them countrywide.
janeys
- 17 Jan 2007 22:14
- 19 of 22
Chocolat I apologise if I have misled anyone in thinking I am affiliated with any company and thank you for pointing out it sounded as though I was plugging a company.
jj50 The MoneyAM sessions sounds like a good idea, do you know when the next one is planned? I hadn't realised that there where any free sessions, have you (or anyone else) been to them? And are there any catches, like opening accounts.
hewittalan6
- 18 Jan 2007 07:50
- 21 of 22
Janeys, there is no right or wrong way to invest!!
I have known very succesfull people who have spent their lives going against the rules and investing in plumetting basket cases and those who have lost the lot. Some stick rigidly to a learned formula or plan and make good money, but some do the same and end up almost bankrupt.
FWIW, I have been succesfull by simply starting so small I could afford to lose the lot, learning from my mistakes which were therefore inexpensive and probably cheaper than any course or shelf full of books.
I listen in the pub, at work, in the playground of my kids school. Which products or services are they all talking about. Which shops are full on a Saturday afternoon. Which are empty. Who are hiring more staff, who are shedding them? What nonsense are the EU forcing on us now? Who will benefit?
The answers to these give me lists to research and from there I invest.
It works for me, but WTFDIK.
Good luck however you try.
Alan
Fred1new
- 18 Jan 2007 09:06
- 22 of 22
Janeys,
Apologies, I thought that as you could write and read on this thread you had relatively normal sight. I am developing similar problems, all be slowly.
As you mentioned happy with charts and obviously can magnify on the screen to read, perhaps you might try Pring's Book and CD. The CD is an Introduction on Charting and is well laid out and the commentary is very sensible and pacing seems good to me.
Another CD well worth getting is David Jones Introduction to TA. Sensible, commentary sensible and well laid out. Very basic, but my guess many successful traders use the simple methods frequently and the more complex indicators glancingly. The latter can be obtained from Sharescope. The former from "Abe Books" etc..
There are also some CDs on Fundamentals. I can't really comment as I find the details of Fundamentals a strain, and have to make myself pay attention when using them to estimate value of companies.