Personal Development for Smart People Forums - View Single Post - Stock trading -- you've convinced me...now how to start?

coma · 11-25-2006, 04:21 PM

I think the best thing you can do as someone who wants to start out (I am too!) is to educate yourself on the fundamentals and "timeless" aspects of trading and investment. Build a strong foundation and overall awareness of how the markets work. Dwelving too deep into technical things like Elliot waves and DCF will only confuse you and they might not even work!

I think reading good books is key, the knowledge that you will gain in those books are fundamental and they allow you to appreciate what traders are talking about if you talk to them.

My fav books are:

A random walk
Liar's Poker
Market Wizards (both books)
Trading in the Zone (psychology of trading)

11-25-2006, 04:21 PM	#7 (permalink)
coma Junior Member Join Date: Nov 2006 Posts: 10	I think the best thing you can do as someone who wants to start out (I am too!) is to educate yourself on the fundamentals and "timeless" aspects of trading and investment. Build a strong foundation and overall awareness of how the markets work. Dwelving too deep into technical things like Elliot waves and DCF will only confuse you and they might not even work! I think reading good books is key, the knowledge that you will gain in those books are fundamental and they allow you to appreciate what traders are talking about if you talk to them. My fav books are: A random walk Liar's Poker Market Wizards (both books) Trading in the Zone (psychology of trading)