Start from the Beginning
Submitted: 24 Jul 10 16:58

Is trading risky?

All ventures have an element of risk. Trading is no exception. However you can minimize your risks by : 1) Commit to learn proper trading methods. 2) Don’t buy and sell on whim and fancies or on some latest hot tips. 3) Have an exit strategy in place 4) Devote proper preparation time to your trading.

Can I just learn trading from books and the internet?

If given the choice, will you prefer to learn how to drive a car from the books or internet or a proper driving instructor? Which do you think will give you better results? Sure you can save money from hiring a qualified instructor but it is unlikely that you will be able to drive your car on the road in real life conditions without causing a serious accident. So unless you have deep pockets for your trading and is willing to go through the school of hard knocks. As the saying goes, don’t be penny-wise pound foolish.

What do I need to get started?

It is easy to get started. All you need is a computer, internet connection and an online broker to start trading.