New Trader needing help where to start

[malaguti]

Hi malaguti,
Like you, I too am a fan of P&F and heartily recommend Jeremy du Pessis' book. However, it's a specialist book on a particular technical analysis approach, not a general introduction to trading. Good though it is, it won't give the new trader the same broad introduction to trading as the links I've referred to in my posts. So, while I don't doubt your sentiments are well meaning, they're not applicable to the OP in this case.
Tim.

Ah now Tim, he's asking where to start. Honestly, if someone said to me start here..really it would have saved me years and countless thousands of wasted money.
Your links I'm sure are fantastic..but I do think my suggestion has great merit.
But you are a moderator, and therefore I will keep stum:whistling

 

[timsk]

Your links I'm sure are fantastic..but I do think my suggestion has great merit.
But you are a moderator, and therefore I will keep stum:whistling

Hi malaguti,
I'm not a Moderator and your suggestion does indeed have merit, so there's absolutely no need to "keep stum"!

Tim.

 

[mpetters60]

Hey guys. I have been trading for a long time. There are a lot of bad guys out there. Look for the big brands when trying to find someone to trust. I know iOption is great and they have a new site. I also have had mixed results dealing with Banc de BS... I mean binary. Traderush has been good to me as well. It all depends on what you expect and what you have to work with. If you act like an investor or trader and not a gambler they will take you more seriously. If you want to make money you need to have money to make it with.

 

[mpetters60]

On that note. Also if people want tips to getting started trading just message me I would love to help

 

[chibiks]

open a demo account and keep trading until you start winning.

 

[lloydbee]

Hi guys,

I am interested in doing some trading but I dont know where to start. Any help would much be appreciated if you can point me in the right direction.

thanks
Jarrad

My 2cents... I think first off decide what to trade, what markets you think interest you then look for virtual accounts.

Some questions you can ponder about the different things to trade are...
What if the direction goes up, down or sideways how does that effect my trade and can I still profit.
ie: trading CFD's if the market goes sideway you lose, in FX and shares and trading singles in Options if you get the direction wrong you get nailed.

Of course I am biased to trading Options because of their cost to trade. I like trading the US time zone leaving my days free but mainly the flexibility to profit no matter what direction even possible to profit if I get the direction wrong which happens of course.

 

[forever_young]

open a demo account and keep trading until you start winning.

That is not enough usually, because trading on demo is always easier. So I would have suggest you to start with small deposit and find good reliable broker.

 

[Aesop20]

I think at first you should have good knowledge about trade. After that you should learn well how to start trading. In this case you may discusses with any skilled trader. Because money is not the main factor in trading.
The first thing is that how well you know and understanding trade. If you can not understand trade well than you will face loss in trading business.
So for that My solution to you that "Learn first, than start work".

Exactly, start at the very basics first and then work your way from there. Don't worry about the money to begin with.