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Learn To Trade
So you want to learn to trade. Hmmmmm...
This site will not teach you how to trade. It will provide
you information and links to information that will explain the trading process. The process of trading is
not to be taken lightly. Should you decide to venture upon this journey, you must know that you run the risk
of losing every friend you have, your sanity, your dignity, all your worldly possessions, and most of all every
penny you own.
On the other hand, if you learn to trade properly and stick to your
strategy, you can make a lot of money. Keep in mind that there is a price to pay. This price is often
called, for newbees, tuition. That price includes those trades where you have a loss, the
hours you spend reading books and information sites on the web, the time away from your friends and family, and a
change in your life style. You'll stay up nights doing research and you'll pass up those get-togethers with
friends at the local Dog & Suds.
"No" you say. Well friend, lets get something
straight from the beginning. Trading is not for the weekend warrior or the midnight cowboy. Unless you
are willing to put in the time to study and learn,
YOU WILL FAIL!
The amount of studying and preparation that you invest will
ultimately determine the level of success and the strategy that you design for yourself. That's right,
you will design and determine your own strategy. While others will try to convince you that their methods
are right or if you decide to follow someone else's method you must always remember:
"You and you alone are responsible for
your actions.
You and you alone are responsible for any trades that you make.
You and you alone are responsible for doing your own Due Diligence (research).
Don't be so foolish as to try to blame others if a trade goes sour
and you lose money. You should have gotten out of the trade before it dumped you beyond your economic
capabilities.
One more note of caution: don't let your ego get in the way of saying
to yourself, "This is not for me." All too often, people see dollar signs in their
eyes and just won't admit that trading on-line is not for them. If you still want to trade in stocks you
might try working with a full service broker for a few years. Some people find that a full service broker
satisfies the craving. Remember, learn your limitations. Don't be afraid to admit to yourself that
this is not suited to you.
Perhaps you would be more comfortable joining an investment club in
your community. If so, visit
Investment Club Central.
Ok, I know, enough already. We'll, the reason we started
this site was because we would see, and still do see, people everyday losing everything. We want to
make sure that prospective traders really are aware of the risks involved with trading. Also, for those of
you that are really sure that you want to go on, then, at least you are armed with a wealth of resources where you
can study, research, practice and chat in your pursuit of learning to trade.
Don't be foolhardy. Trade with only those funds that you can
afford to lose. Don't use your savings, retirement plans, school tuition, etc. Be cautious, learn to
trade on paper first.
Perhaps before going much further, you should read some comments
from some of the chat rooms on starting to day trade for a living. As in any job, there are pros and
cons. Read between the lines and learn to separate the hype from reality.
Perhaps self study is not for you. Are you one of those
people that learn better in a classroom? If so, we can definitely say the
Online Trading
Academy is one of the best. Their 1 week boot camp is a real good way to jump start your entry into
trading in the markets.
 To the Classroom
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