Hi, I'm fairly new to this forums and have recently been interested in the stock market, mostly trading and have a couple of questions since I'm pretty clueless about the subject.
1. I always hear from people that trading is too high risk, it's silly, you shouldn't do it, etc..how true is this? I mean If you study books, videos for months/years, can it be super profitable or is it still a lot of luck?
2. I've read a couple of books about the stock market and finance (Bogleheads for one) and all of it is based on the US market, are these suitable to read or should I be trying to find books based on the Aussie market, what is the differences between the US and AUS market and what are good books to start to read on trading
3. I know it's a broad question because their are so many different ways to trade and all require different capital, but how much would a broke 20 year old need to start trading?
4. If I wanted to be a full time trader, would it be a good idea to start studying a course at uni, or is learning on your own better.
Hopefully some experienced members will be able to give me some guidance, thanks!
If you're serious about becoming a professional trader then check some of these firms and apply...
4. If I wanted to be a full time trader, would it be a good idea to start studying a course at uni, or is learning on your own better.
1. I always hear from people that trading is too high risk, it's silly, you shouldn't do it, etc..how true is this? I mean If you study books, videos for months/years, can it be super profitable or is it still a lot of luck?
2. I've read a couple of books about the stock market and finance (Bogleheads for one) and all of it is based on the US market, are these suitable to read or should I be trying to find books based on the Aussie market, what is the differences between the US and AUS market and what are good books to start to read on trading
3. I know it's a broad question because their are so many different ways to trade and all require different capital, but how much would a broke 20 year old need to start trading?
4. If I wanted to be a full time trader, would it be a good idea to start studying a course at uni, or is learning on your own better.
Hi, I'm fairly new to this forums and have recently been interested in the stock market, mostly trading and have a couple of questions since I'm pretty clueless about the subject.
1. I always hear from people that trading is too high risk, it's silly, you shouldn't do it, etc..how true is this? I mean If you study books, videos for months/years, can it be super profitable or is it still a lot of luck?
2. I've read a couple of books about the stock market and finance (Bogleheads for one) and all of it is based on the US market, are these suitable to read or should I be trying to find books based on the Aussie market, what is the differences between the US and AUS market and what are good books to start to read on trading
3. I know it's a broad question because their are so many different ways to trade and all require different capital, but how much would a broke 20 year old need to start trading?
4. If I wanted to be a full time trader, would it be a good idea to start studying a course at uni, or is learning on your own better.
Hopefully some experienced members will be able to give me some guidance, thanks!
CMC Markets is one of the cheapes at $9.90 but Interactive Brokers is the cheapest for ASX (but its not a very user friendly platform)
Can I place an ‘at market’ order online?
Yes. We can accept at market orders online, which will be placed at three price steps above (for buys) or below (for sells) the last sale price.
Can Oz is on the money.
AFTER you do at least 10000 hrs.
Loosly speaking, is that 10,000 hrs (on average) to be a pro trader making big bucks or a slighly better than average trader making a bit of money to supplement his wage?
Lets say i work 8am-5pm. Get home 5:30/6pm, eat, shower,relax. If i spend 3hrs a night reading/sim trading on weekdays and 5hrs on the weekend for a total of 25hrs a week then it would take ~ 400 weeks or nearly 8 years to have a good grasp of trading?
I was assuming by reading a few hours a night for 2-3years to return 10% a year, and 10-15 years to get 40-50%.
Thanks for the advice guys! I'm prepared to put in the hours, and definitly going to try build up a bank roll to start trading but in the mean time learn as much as possible. Can anyone suggest some good books, I'm reading books by jack Schwager currently but struggling to understand a lot of the terms used, is there more of a newb friendly book, thanks.
Hi, I'm fairly new to this forums and have recently been interested in the stock market, mostly trading and have a couple of questions since I'm pretty clueless about the subject.
Hopefully some experienced members will be able to give me some guidance, thanks!
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