Join our investing community

Trading learning to trade!

Discussion in 'Shares' started by Triu, 10th Dec, 2007.

  1. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
    Posts:
    161
    Location:
    WA
    Hi anyone here learn how to trade by themselves?

    Or did you get a mentor or pay for some trading workshops!

    I want to learn how to trade professionally but don't know who i can learn from!
     
  2. samaka

    samaka Well-Known Member

    Joined:
    30th Sep, 2007
    Posts:
    308
    Location:
    Sydney
    By 'trade professionally' do you mean you want a job doing it - or you just want to buy shares directly?
     
  3. Triu

    Triu Well-Known Member

    Joined:
    1st Sep, 2006
    Posts:
    161
    Location:
    WA
    Want to trade direct shares, want to learn about stop losses, trailing stop losses etc. technical analyis, while working full time.

    want to do it part time.
     
  4. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
  5. smeggett

    smeggett Member

    Joined:
    20th Jun, 2007
    Posts:
    12
    Location:
    SA
    Well, I pretty much taught myself by reading lots: books, internet articles (with a suitable BS detector strapped on...), etc.

    I don't claim to be much of a trader (and generally buy shares for a long term hold), however it is handy being able to perform rudimentry technical analysis on charts (what is might mean when moving averages of different periods cross over, recognised chart patterns (head and shoulders and its inverse, wedges - both rising and falling, trend lines), what MACD and stochastics to name but a few other indicators are and what situations to use each in.

    My general philosophy is to learn as much as possible, even if the information is not used regulary, as it can still be helpful for picking entry points (and/or ecit points) for any stocks you may wish to trade.

    For me, the fundamentals also need to be in place before I would move to looking at executing a trade on a technical basis (which is usually buying on a pullback (hopefully once the turning point has passed).

    smeggett