Questions from a stock market beginner

[newbie trader]

Quote: Originally Posted by pixel Hi NT; Seems to me, you just graduated from newbie to sound advisor As regards your timing: Please let me remind you that Trading is a business and profession like any other. You wouldn't want to design and build your own house before you've done a few years' apprenticeship and studies. Don't believe for one second that you'll become a successful Trader or Investor by simple Deed Poll or declaring "I'll be a Trader starting Noon next Monday."

[pixel]

Quote: Originally Posted by newbie trader Dont know if the top remark was sarcasm or not

[Julia]

Quote: Originally Posted by johenmo Take sometime and plot differing amounts of a trade (say $500 increments) against commissions (e.g. , Etrade $15 each way,

[johenmo]

Quote: Originally Posted by Julia Where are you getting the Etrade $15 each way? With ten or fewer trades per month it's $32.95 each way including GST.

[opulence]

ASF,

Having read Market Wizards, I'm nearly finished reading John Murphy's book on Technical Analysis of the Financial markets. It's a huge and very comprehensive book! However, I do remain sceptical (yet to prove to myself it works) of technical analysis. The Buffet quote of " I knew technical analysis didn't work when I turned the price chart upside down and still got the same answer" scares me a bit as I am drawn to the concise nature of technical analysis but what I found from market wizards was that traders from both sides of the fence had done well by mastering each respective type of analysis. I guess either analysis works so long as you're good at it. Is that a fair comment?

Can anyone recommend a similarly comprehensive fundamental analysis book or is that too broad to be covered in one book?

Secondly, having started to build up my theoretical knowledge I'd was wondering what the best way to gain exposure to a number of software platforms both for the brokerage, scanners/filters and charting tools?
I think that part of my problem when I try and do some technical analysis is that I'm not looking at the right stocks. If I could more effectively scan the markets Id be able to make some decent beginner (so probably wrong) predictions rather than staring at what seemingly looks like a stagnating random price chart.

Which is the best way to paper trade? Just by you're own notes or do software platforms exist to facilitate this?

[pixel]

Quote: Originally Posted by opulence Which is the best way to paper trade? Just by you're own notes or do software platforms exist to facilitate this?

[ozzymk]

Hello!

I have never been trading on ASX but I am about to start. My plan is to start with big BlueChip companies. Could you please help with those 3 questions:

1) is it ok to buy some shares before the end of this financial year or it is better to wait until July 2010 ? (if I will buy some shares in June, do I need to pay CGT at the end of this 2009/2010 financial year?)

2) when I will be doing tax return should I expect that my tax accountant knows how to deal with taxes in terms of share trading ?

3)what is better: to save money for 2-3-4 months then to spent 3k-5k for shares or better to invest every month, even if I have just 2k to invest ? I know about brokerage fee but except of that ? anything else ?

Sorry I know that my questions are very basic...

Thank you in advance for all your help!

[diop]

Quote: Originally Posted by ozzymk Hello! I have never been trading on ASX but I am about to start. My plan is to start with big BlueChip companies. Could you please help with those 3 questions: Sorry I know that my questions are very basic... Thank you in advance for all your help!

[newbie trader]

Quote: Originally Posted by diop Hey man i think im in the same boat as you.. have about 3k to invest, but looking to invest as minimal as possible as I just want to get some experience atm and probably looking at jsut getting some half yearly dividends until i get some more cash. My question was about the trading tools, im with commonwealth bank so is it best to use commsec or is there something else. IM also very noob lol looking to learn anything and everything