Hi, another newbie on the forum. Iíve been reading this forum for a while, and finally I decided to post my questions. I really appreciate all people efforts that are going to give an answer for my questions or at least make it clear for me.
So far I read so many books about trading and I still donít feel comfortable. For the beginning I want to find out what is the diffesence between the brokerage. For example, nowadays we can purchase shares via internet by using comsec, Anz (etrade) or St George. Also I found that there is some on-line brokerage firm. Also I red in a book that you can trade at brokerage office or you can get direct line to home with real time changes on the market (not sure about it). So can anyone make it clear for me? Basically I want to try to trade on my own.
Now I want to ask what the difference between trader and speculator is. On this forum I found that to become a full time trader or trade on your own you need to get a license. Can anyone tell me what this license for, how to get it is? And do I really need it for a short trading?
Here is one thing to come, how do u people keep track of your trading movements (portfolio). For example do you have any software for it? Lets say may be excel sheet? Any suggestion how to keep a track of your transaction profit and loss.
Thank you very much for your time to explain it to me and sorry if i posted some silly questions.