I am also new to this forum and have only been investing in the stock market for about a year and a half. I have read all the basic books and read every magazine I can get my hands on, such as Personal Investor, Shares, BRW, Your Trading Edge and buy the Fin. Review nearly every day.
I am now reading Technical Analysis books such as Guppy and Bedford.
We have invested mostly in property over the past 4 years and built up a good portfolio and we have some money to invest and would like to put it into shares hopefully to bring in a weekly income .
Now my two questions are - as we have fairly recently moved to another state and haven't got jobs at the moment - can one make a living out of share trading and about how much - if any one doesn't mind answering- just an estimate would be great? I realise it depends on the individual but are there any benchmarks to go by or statistics?
I realise as there are so many people involved in the industry there must be money to be made but is it sufficient to live on as a sole income.
Also the other day I went to a share market seminar where they showed us a software trading tool that gave Pre-alerts of when large volume of traders were purchasing a particular stock and this allowed you to get in before prices went up. Does anybody have an idea what it is called ( I thought it was market analyser ??) and/or could they recommend a good software program to use. Also is it necessary to have such a program to trade successfully.
Looking forward to any replies,