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Share Trading in Australia |
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Introduction to Share Trading |
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Share trading pays for 3 months holiday every year Make your portfolio safe. Take control of your own financial future. This is not as difficult as you might think. Here is what you need to do: 1: Take control of your own destiny by learning how the financial markets work. This is not as complicated as everyone makes them out to be. 2: I believe that once you learn how the markets work, you must create a game plan to stay on track and to reach your individual objectives. 3: One of the easiest ways to tell if a market is going up or down is to use a simple technical analysis indicator, (don’t make it too complicate) which literally points out the direction for you. 5: This is perhaps the most important element of fire proofing your portfolio: discipline. You must be disciplined to take both profits and losses. By following a market proven system and your game plan, I think you will be happy with the results of your work. You will also have the satisfaction of knowing that you did it yourself; you stuck with a plan and made your final decisions. Many people think you have to spend hours upon hours looking over and reading the financial press to find winning trades. Remember, that the financial press is old news and the real news is happening through price action movement. However, you can start yourself off by selecting stocks that are well financed, have good liquidity, and have a history of big swings. However, you need to ensure that your portfolio is diversified. If you trade that diverse portfolio throughout the year, with a game plan and discipline, I believe you will see the results you are looking for. Once you do this, you have not only created a good portfolio, but you have also made it practically bulletproof as well. Okay, let’s sum up what I have just said: First, you need to create and implement a game plan. Next, you need to use market proven strategies to help guide you in the correct direction of the market. Thirdly, you need to follow your game plan with discipline. Fourthly, you need to make sure that you are investing in a diverse group of holdings. Last, but not least… you can sleep well at night.
I have been investing in shares for about 10 years now; it really was a combination of many hours of excitement, boredom, joy, disappointment, but most of all, learning. I can assure you, I am still learning. Through this process I can say that I have come out a lot stronger, thanks to the inspiration and leadership of many other traders and investors who are out there and who have me allowed to model after. I thank all of them. Now I am recounting my journey, as well as sharing with you, my friends, some of the shortcuts that I have discovered, as well as some of the lessons I have learned. Learning should never stop, especially in our chosen field. The market is in a continuous state of flux, expansion and change. If you are reading this because you have been told by people that share trading is a fast and easy way to make money, you will probably be in for a disappointment. Share trading is a skill that needs to be learnt and experienced. It can not be learned overnight. There are a lot of traders out there who made it big, but there are many more who have given up in despair. What I can promise you is this: If you set up a good trading plan, are willing to learn and keep on learning, you will be able to succeed. There are many pages on my web site designed to help you with various facets of share trading. Explore them and learn from them. I will regularly update this site, I also welcome your suggestions via email. You also need to learn how to control and manage your stress, how to set out and achieve goals and how to manage your finances. I will endeavour to cover all these areas and make available to you a number of specific courses in relevant fields. However you must put in the effort and will to learn, as well as having the ambition and endurance to succeed. I am really trying to teach you to be a person who is able to master a number of skills, all related to your chosen field - the field of creating an income by investing and/or trading in shares.
A web site for beginners and advanced traders As I put this web site together, I assumed you have some experience using computers and accessing the internet, but you may be a beginner as far as investing and share trading is concerned. This web site is constructed for someone who wishes to earn some income from the share market, be it just to get better than bank interest or to supplement your normal income from a full time job. You may even want to go further and become a full time trader. The choice is yours. What will you learn? This web site is made up of a number of pages, each page dedicated to a different, although related topic. For each topic you have a link provided to take you to the relevant page. The topics include:
My ultimate goal for this web site is not to teach you just what you need to know to be a share trader or investor, rather I want this site to teach you to be a successful one. To get the most out of this site, I suggest you explore everything you can find on the subject, use the resources I placed on the resource page and start trading. What you will need: To be an effective share trader, you will need a computer, reliable internet access, a spreadsheet application like Excel, access to a good charting software, some starting capital which should be only reserved for trading and of most of all, the ambition and enthusiasm to learn. ..
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