the first thing to learn imo is money management. IMO what ever...

  1. 2,072 Posts.
    the first thing to learn imo is money management. IMO what ever you are planning on using in a trading account, start out by investing maybe 1 fifth of it for your first 6 months to a year. This will give u a feel of the markets with out sending you broke. Learn how to read charts over this time too... trends and support and resistance levels are critical in trading.
    Fundamentals just as important however the charts will give the best indications of buy and sell levels.
    Read plenty of books.

    My preference in trading is mid caps and large caps. Took a couple of years to realise that some easy money can be made trading the trends on these over the spec small caps.

    Good luck
    Not saying buy but worth watching as they are always quite active
    LYC
    Sir
    Lnc
    Fmg
    BDR

    Short term trading is also a good way to go IMO ie hold for a couple of days to a month or whenever the retrace seems broken. More to it than that but you get the gist.
 
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