Where to learn to trade??
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Originally posted by Vitto84:
my mentor was from a big bank =)
he's 60+ and retired.
its good to be skeptic
in fact most of all forex "gurus" are really not that spectacular
i have seen people who do previews trading blindfolded
and there are actually people who fall for it. its really amazing.
but like i said. don't pay for knowledge because its free.
when u pay make sure its for something else, something that gives u an edge
Haha, i know the blindfolded one you told me about.
I'm interested in knowing what you know bro, will PM you. :)
Ignore the skeptical people in this forum. Don't have to try so hard to explain things to them.
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Originally posted by Demon Bane:
I'm learning to trade stocks/shares....hopefully will be the next millionaire soon!
You are getting the wrong mindset.
But good luck still.
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Originally posted by eagle:
You are getting the wrong mindset.
But good luck still.
I have make a few thousands trading shares and stocks....Hahaha! A good start!
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Originally posted by Demon Bane:
I have make a few thousands trading shares and stocks....Hahaha! A good start!
Great, good for you.
I do the same solely via dividends. Too lazy to trade in and out... so troublesome :x
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forex are risky.
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Hey guy, check out this new forex broker in town : GK Goh, one of singapore largest institutional leverage FX brokerage is now open, Zero Commission , As low as 1 pip bid/offer spreads, 24 hours a day access, link : www.gofx-online.com , Telephone : 65333233, email: [email protected] Anyone had experience with their service before ?
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Stocks are good if you have patience and you can make a lot of money in the long run or you could make a killing in a short time depending on how you play it. I got all specs stocks in resources/mining.
FX is great and you can make a lot of money in a short time but at the same time the risk is the fact that you can loose sooooo much money at the same time. My mates is currently playing FX and is already down 4 thousands bucks.I thought you only need 500 bucks to begin with? But that won't give much leverage. With limited amount of money. Better off trying to scapel the market. Jump in and jump off and ride the wave.
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Originally posted by Hedgehogix:
Stocks are good if you have patience and you can make a lot of money in the long run or you could make a killing in a short time depending on how you play it. I got all specs stocks in resources/mining.
FX is great and you can make a lot of money in a short time but at the same time the risk is the fact that you can loose sooooo much money at the same time. My mates is currently playing FX and is already down 4 thousands bucks.I thought you only need 500 bucks to begin with? But that won't give much leverage. With limited amount of money. Better off trying to scapel the market. Jump in and jump off and ride the wave.
I started with 200USD. It's nearly a month now of winning and losing at the same time. it's hard to make a living with 200USD capital.
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Singtel treating me well :)
Hope everyone loaded some of the defensives on weakness last week. Market is climbing a wall of worry, but if we want to buy on dips, go for defensives.
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The recent news has been tragic. Disasters have been happening one after another. First it was the Arab political crisis, and next Japan suffers a 9.0 magnitude earthquake and tsunami, leaving more than 16,000 dead and missing. Our prayers are with them.
As value investors, this predicament very similar to what happened in 2002 - the SARS period. While everyone were busy buying masks, some smart "investors" were out buying stocks.
This is because most stock market traders were selling away all their shares, causing lots of fear in the market. The same thing is happening right now.
Here's an golden advice by some "guru" - Time to buy shares.
But not any random company we can see listed in the stock market. It is important to first understand the business, then access their management and calculate the company's intrinsic value. Once there is a decent margin of safety, then your will start buying.What do your forumer think of this idea ? -
Don't cherry pick stocks. Go for a trust that has a basket of stocks in a sector.
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Originally posted by eagle:
Singtel treating me well :)
Hope everyone loaded some of the defensives on weakness last week. Market is climbing a wall of worry, but if we want to buy on dips, go for defensives.
Anyone bought singtel :)
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Stock market investing is not simply buying a stock at its current price, and then selling it when the price goes up and cashing in. There are many things to consider, but the first basic thing you need to know is how much money you can invest and how much a stock costs.
But that's the trouble - everyone is stuck on dollar price, when in reality, all any investor should care about it net price - that is, how much a stock is REALLY worth, once you've deducted all the costs of that stock.
And that is what intrinsic value is all about. So why should you calculate intrinsic value before you start investing your money? Here are the top reasons why:
Get rid of "bloated" stocks when you calculate intrinsic value
Many factors affect a stock's value, and, honestly speaking, most of them really shouldn't. News and current events, gossip and speculation - these contribute to the daily ups and downs of any stock, when really, they have nothing to do with the inner workings of a company.
When you get down to the numbers, you're stripping a stock down to what's really important. You find out the answer to the question "Will this stock make me money?"
See the real value of the business
Stock price is important, but what anyone investing in the stock market should see is how a business (not the stock) can bring value to your investments.
Are you investing in a company that shows progress, makes the right decisions and, in the past, has proven to make money for their shareholders? For example, if a firm is making enough profit to give its shareholders a yearly dividend, then it's a good sign.
@eagle, could you "enlighten" us the intrinsic value of Singtel as that we can understand the winning formula to go for it.
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Once you know and can feel the pulse and momentum of the market, there's honestly little need to do so much analysis.
Too much analysis can cause paralysis.
Before you do so much analysis, ask yourself if your returns minus market returns is worth your time spent doing the analysis. I honestly did not use any calculations or much analysis, apart from knowing what these companies do as I'm a Singaporean, before I bought into Singtel, SPH, Starhub, ST Engg, and Capitaland. I used to do extensive TA and FA in my bid to try to "discover" what is the right method, but after 2 years, I don't see why it is absolutely necessary.
Both TA and FA gives micro pictures, but knowing things and reading news give the macro picture, something which I found is more important.
I don't need to be earning obscene amounts at all; I'm content with a decent ROI for the amount of time I "spent".
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Hi Vitto88,
I am new to forex trading and would like to learn from your Mentor.
My email is [email protected]. Thank you.
Sincerely
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FX is certainly the most risky investment....I have frens lost everything playing FX....so stay away man !!
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Originally posted by eagle:
Anyone bought singtel :)
19 cts dividend declared
A reminder not to gamble but play the game wisely and safely.
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Made good money playing stocks and shares....Hahaha!
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