I am a relative newbie part time trader. Been trading for about a year, and losing money for about a year... Have been to a few training courses in the UK last year by WIN Investing (I moved back to Australia from the UK in Sept 07). I have been trading UK shares in the evenings because the time zone difference makes this easier. Have also dabbled in spreadbetting on currencies and indices. Have made some nice wins, only to be stung by bigger losses.
In the past few weeks I have been using trend lines on the RSI to try to time my share purchases, and it seems to work for a few days, and then the share still falls over and I lose my money. I know it doesn't help that the FTSE is spiralling downwards at present, but I have been looking in the sectors that are rising or turning upwards. My main sharetrading account is with Barclays stockbrokers UK, and it only allows long trades (can't go short). I also have two spreadbetting accounts, one with IGINDEX and the other with GFTUK.
I hope I can lear enough to start keeping afloat before all my money disappears...
Chris, based in Brisbane, Australia.![]()
Hi... you sound in a similar position to me!! I am interested in SB from Australia (having come over from UK) but only can see CFD trading platforms on offer here. Because of the leverage (and potential losses) I have so far hesitated trading CFD live and been doing demo. I would prefer to SB at this stage due to limited risk and small stakes - any advice on how to do this? You can PM me if you want.
Best,
Swissy
Hi... you sound in a similar position to me!! I am interested in SB from Australia (having come over from UK) but only can see CFD trading platforms on offer here. Because of the leverage (and potential losses) I have so far hesitated trading CFD live and been doing demo. I would prefer to SB at this stage due to limited risk and small stakes - any advice on how to do this? You can PM me if you want.
Best,
Swissy
hi acronym,
do you want to start a thread with a different title to discuss that? I've definitely got a few questions for you but i'm feeling very un-Australian posting on the end of this thread.
yes, what's wrong with public messages? i don't do secret squirrel stuff. just start a thread if you want to. if it's been done before, nobody's going to hang you for it.
Gold Coast. Day trader. AsiaPac futures.
anyone from Melbourne? add me on msn : [email protected]