Hello from Glasgow Scotland.

September 9th, 2012, 09:15 PM

I'm completely new to trading and investing. I'm 32 and I've always shy'd away from stocks and shares because I found it daunting. A few weeks ago I decided to test the water and I'm glad I did.

I'm currently trying to absorbe as much information as I can. I started off with the naked trader book, then a day trading book just to try and pick up a flavour.

I like the idea of short term trading as well as mid term investing.

I don't know if it was a good idea or not but I opened a plus 500 account on my iPhone to play around with. I just mucked about with the demo 20,000 to start with. I found this fun but I reckoned it would be more exciting if i stuck a little cash in so I deposited �100. I just wanted to get an idea how the system worked. So on my demo account I put money on the first popular share I saw which was Groupon. Clicked okay then realised I was in my money account. Tried to close instantly but couldn't and next day my account was zero. Well, that certainly perked me up. I've always been one to read instructions later, had no idea initially that I could lose the lot, I understand about leverage now.

Anyway, I wrote the 100 off to a bad mistake and experience. I stuck another 100 ok and decided to play with oil. I've kept the Bloomberg channel on the whole time incase something drastic happened. I've managed to get my account up to 360. Now, I know I'm a total novice with everything to learn but it does keep my excited and enthusiastic so it cat be too bad. I like oil as its relatively safe as it seems to go from 94 up to 97 and repeat. I have stop losses in place in case something crazy happens(although I realise maybe that ain't the be all and end all).

I have booked a naked trader seminar to find out more, see live trades and understand advfn level 2.

I'm trying to familiarise myself with as much as i can, bought ic and shares mag and have a paper trade account with shares.com.

I just wondered if any of you guys have tips for people who are brand new to this game.
Is there anything obvious I should be doing?

I understand attitude and discipline play huge roles, however I've heard a lot on
That topic and i will appreciate it.

Thanks

Stevo

September 24th, 2012, 01:02 PM

Stevolution

I don't know if it was a good idea or not but I opened a plus 500 account on my iPhone to play around with. I just mucked about with the demo 20,000 to start with. I found this fun but I reckoned it would be more exciting if i stuck a little cash in so I deposited �100. I just wanted to get an idea how the system worked. So on my demo account I put money on the first popular share I saw which was Groupon. Clicked okay then realised I was in my money account. Tried to close instantly but couldn't and next day my account was zero. Well, that certainly perked me up. I've always been one to read instructions later, had no idea initially that I could lose the lot, I understand about leverage now.

Hello Stevo!

I don't hear such introduction so much! I think it is great to experience things like this..

Good luck,

Dani

Hello from Glasgow Scotland.

Discussion in Traders Hideout

Hello from Glasgow Scotland.