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Author Topic: LOOKING TO LEARN TO TRADE  (Read 17614 times)

jonb

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LOOKING TO LEARN TO TRADE
« on: January 28, 2016, 11:53:44 am »
HI ALL

I am sure this topic must have been raised a hundred times so please feel free direct to any open links

After about ten years of  building a portfolio through numerous financial service providers, i split it and I started my own around two years ago with the EE platform here in SA and via my EU based bank for international purchases where I am currently based and working in Amsterdam

Its been fun ( stressful but fun! ) and while my mandate is to reach long term growth, the business mind in me really lives the aspect of shorter term trading for profit

I am returning to SA later this year and while I have a few online business plans to get stuck into ,however I wouldn't mind learning to actively trade on the side to start as this really is what I think about 24/7

My question is ... WHERE TO START??

is there any intro courses one can go on? ( I tend to prefer this than searching online for advice as this can get murky )

Also what platform is best to use  ( GT247?? )

Lastly I would love to learn to chart and get into financial analysis .... where is the best place to learn??

Would be great if there was some kind of training one could enroll into

I have always had great feedback from this forum and hoping for some guidance form the good people who reside in this digital portal

 :TU:
 
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gcr

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Re: LOOKING TO LEARN TO TRADE
« Reply #1 on: January 28, 2016, 12:08:59 pm »
I googled Learn to trade and got a couple of sites which maybe if you tap into them they could give you direction and insights

Personally I prefer to play Powerball to trading as with Powerball I can control how much I spend and if I hit the jackpot hooray, with trading you can lose bucket loads of money
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Orca

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Re: LOOKING TO LEARN TO TRADE
« Reply #2 on: January 28, 2016, 12:19:18 pm »
The 90/90/90 rule is well known in trading circles. It means that 90% of traders loose 90% of their capital within 90 days. Good luck.  :TU:
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jonb

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Re: LOOKING TO LEARN TO TRADE
« Reply #3 on: January 28, 2016, 12:26:18 pm »
Wow!

I hear this so much!

How are people like Anthony Clark and many others getting it right??

Maybe from a year perspective.... choose your companies from lots of research and roll with it for a year ?

I just mean instead of having a long term fun with Coronation for example, take an amount and do  yearly stock selection as a sideline business ?
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jaDEB

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Re: LOOKING TO LEARN TO TRADE
« Reply #4 on: January 28, 2016, 12:46:25 pm »
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jaDEB

If it scares you, it's a sign you need to do it

jonb

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Re: LOOKING TO LEARN TO TRADE
« Reply #5 on: January 28, 2016, 12:57:57 pm »
@jaDEB

Thats the info I am looking for !

Was it worthwhile for you ? do you find it helped with trading now ( if you do ? )
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jaDEB

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Re: LOOKING TO LEARN TO TRADE
« Reply #6 on: January 28, 2016, 01:07:36 pm »
http://www.saifm.co.za/workshops.htm

Also have a look at this.

The ICMA is expensive, I did it as an option to go into trading as a career, but it never happened. Am I glad I did it, yes. Should you do it, I do not know, it is more for career option than trading, but it does teach you about the options in investing.

But please note although I have the certificate ICMQ ( Passed 2001) I am last in the Investors challenge.  :LHST:
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jaDEB

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Noob1

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Re: LOOKING TO LEARN TO TRADE
« Reply #7 on: January 28, 2016, 01:14:31 pm »
@jaDEB

Thanks for that suggested course. I've been looking for something similar...

I enrolled for this half day course from Sharnet http://www.sharenet.co.za/v3/events/ "Introduction to Markets".

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jonb

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Re: LOOKING TO LEARN TO TRADE
« Reply #8 on: January 28, 2016, 02:23:52 pm »
@jaDEB

I guess no amount of leanings can force the hand of fate... so much of this is really down to luck! ( unless one has some kind of inside info !)

Thanks for the tips...saifm looks more interesting and maybe not such a $$$ stretch!

@Noob1

the sharenet courses look exactly what I am after! hope they carry on as i will only be back in SA later this year... will definitely do all 3 :) I think the info in the trade & invest course covers most of what I am looking for

Would love to hear how it goes ?
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Noob1

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Re: LOOKING TO LEARN TO TRADE
« Reply #9 on: January 28, 2016, 02:59:33 pm »
@jonb

I'll let you know how it goes.
I understand that it's a regular thing.

The other courses mentioned sound more comprehensive. However, considering that initially you don't know - what you don't know. I think easing into it may be a good approach...
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Mr_Dividend

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Re: LOOKING TO LEARN TO TRADE
« Reply #10 on: January 28, 2016, 03:00:16 pm »
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jonb

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Re: LOOKING TO LEARN TO TRADE
« Reply #11 on: January 28, 2016, 03:08:32 pm »
@Mr_Dividend

R19???!!!!!

is it worth doing... online right?
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jaDEB

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Re: LOOKING TO LEARN TO TRADE
« Reply #12 on: January 28, 2016, 03:34:40 pm »
Hello Q, recognize your avatar. Glad u still here.

Yes, I feel the same, why should u write a book about how to make gazillion dollars in 2 weeks. Why write book to make money if u could be making more money somewhere in the market.

The best is Do some practise trading with play play monies, then put some F^%$ money into the market. I have had it so many times, arrgg please tell me how to do it, later I ask, so how u doing. Oh no I decided to buy that R19 000 mountain bike instead.

Oh, that is nice.....  *&^%$$$ *&%^^  :frustrated:    :wall: :wall:, so u wasted my time...
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jaDEB

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jonb

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Re: LOOKING TO LEARN TO TRADE
« Reply #13 on: January 28, 2016, 03:42:23 pm »
@Q

I think i was more after a few workshops like good people like justonelap and the like occasionally put out

to be clear my request was not to have some trader go .. here is the secret to making $$$$

I am not that naive and after being in markets for 10 years+  however with a financial services co handling the decisions , My original request was were does one look to get solid information to take this into their own hands

No get rich quick request!

One thing about markets is that there is no competition between investors, the more people investing the better for stocks... and that is pretty unique in my view when it comes to business
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Moneypenny

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Re: LOOKING TO LEARN TO TRADE
« Reply #14 on: January 28, 2016, 03:49:09 pm »
Quote from: Orca on January 28, 2016, 12:19:18 pm
The 90/90/90 rule is well known in trading circles. It means that 90% of traders loose 90% of their capital within 90 days. Good luck.  :TU:

This is true but only half a story.

People forget trading is not ¯\_(ツ)_/¯ after 90 days. You have to be dedicated for 90 days x 24 at least, equating to 6 years experience minimum before you start to know your way around.   

But the rewards are great;  I would encourage anybody with half a brain and ample reserves of tenacity to go for it.  Just keep it small initially because you will lose (initially meaning first 3-4 years).

Good Luck.
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