Is there a book that explains it all?

V

vk60546

Is there a book that explains in some details how traders can make money, ranging from a simple buying and selling stocks to options, shorts, etc...?

If you are pro, I'd be interested in knowing how you made your first money trading (don't need the specific numbers, just info on how you made your first check)

Thanks,
VK

edit - also, it would help if you could estimate the start up costs that are required. Are there absolute must have subscriptions, feeds, etc... ?

edit no. 2 - is there a platform that I could trade with funny money (not real money) similar to forex platform? That way, I could similate trading without actual real losses.
 
Open accounts at TD Ameritrade & OptionsXpress, go through all thier 'learning center' info.

I'm pretty sure there's a 'Books' tab uptop here.

I've found the 'Search' function on this site to be incredable.

Lots to read: 9pm-midnight for the next year, easy.
 
Quote from SarahNGuyen:

I'd say you should start with:

Perry J. Kaufman

"A short course in Technical trading" Wiley editions I think
More...

Thanks to all for your responses. Sarah, this book appears to be exactly what I was looking for.

Thanks again.
 
Quote from vk60546:

Is there a book that explains in some details how traders can make money, ranging from a simple buying and selling stocks to options, shorts, etc...?

If you are pro, I'd be interested in knowing how you made your first money trading (don't need the specific numbers, just info on how you made your first check)

Thanks,
VK

edit - also, it would help if you could estimate the start up costs that are required. Are there absolute must have subscriptions, feeds, etc... ?

edit no. 2 - is there a platform that I could trade with funny money (not real money) similar to forex platform? That way, I could similate trading without actual real losses.
More...

the best library is 4shared.com all trading books available for download


Technical analysis of stock trends by Edwards & Magee

Technical analysis by Schabacker

Trade Chart Patterns Like the Pros by Suri Duddella

Reading Price Charts Bar By Bar by Al Brooks

Trading in the zone


Do not pay for any snake oil mentors or for trading courses

Mirus futures gives you a 1 month Ninja trader demo with data feed, so you can do all you sim trading etc. After the month use a new email :eek:

You can open an account with 5k. Always use the minimum as you will blow your account. The more money you have available to lose, the more you will lose before you start learning, you know what I mean.

PM me your email, I'll send you a good start up book.

GL shark bait :)
 
Quote from EON Kid:

Reading Price Charts Bar By Bar by Al Brooks
More...


Quote from EON Kid:

GL shark bait :)
More...

I'm not sure which of these comments is the meaner thing to say to a beginner :p
 
'The Market Wizards' and 'The New Market Wizards' by Jack D. Schwager i thought
were interesting and entertaining reads - see reviews at Amazon
'The Elliott Wave Principle: Key to Market Behavior ' by Frost / Prechter which
describes a theory of Price Movement, however, interpreting a chart based on EW
is Difficult with a 50/50 chance of being correct/incorrect, no info about 'trading'
visit your local library the books might be there along with a couple of hundred other
books that won't cost anything to borrow and read + interlibrary loans

personally i think fx trading is the best bang for buck trading available particularly
when having a limited sum available to trade with, or limiting how much one wants
to risk plus there's lots of free 'how-to' books available oh and many fx brokers
provide mostly currency specific realtime news
on the other hand 'Phil' made a 600% return last week with an option trade:
'a 'news trade' of a weekly DIA option went from 0.20 to $1.40 in a couple of hours'
http://watch.bnn.ca/friday#clip355520 . . . but Phil's 'membership' fees range from
$49 - $499 per month - https://www.philstockworld.com

you should 'Favorites' an Economic calendar or two:
http://www.nasdaq.com/asp/econodayframe.asp?page=http://anasdaq.econoday.com/byweek.asp?cust=nasdaq is mostly US only
http://www.forexfactory.com/ is World
http://www.ac-markets.com/forex-news/economic-calendar.aspx is World plus you
can move dates back and forth as too the Econday calendar

google: beginners guide to trading - about 2,050,000 results
scan the pages and you'll find all the info you want/need in order to trade
 
You must log in or register to reply here.
Back
Top