Book/video recommendations (day)trading

[aaa]

Hi guys,

Please share your recommend sources for learning (day)trading. I am a somewhat of a newcomer in this area and am very motivated to learn more, any book, online class, podcasts, good forums/websites are welcome.

I am currently in a customer service job and I feel very stuck. The job market is so frustrating for me, not being able to move forward with my career and future… I am afraid I will turn out to be a total loser. Seeing my friends move forward and me not is taking a toll on me.

Trading seems like a good step up, especially because I have a background in economics/finance. Personally I also have been thinking about creating other streams of revenue and I have some good ideas for when festivals start.

But right now I have a hunger for learning about trading, so could you in please share some good resources? Your help is really appreciated.

Thanks

[Simon]

Read up some books by Alexander Elder and Mark Douglas. And start demo trading.

Anything else can come later.

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PS: If you’re an absolute beginner, you could start with the free School of Pipsology.

[remarkable]

Please share your recommend sources for learning (day)trading. I am a somewhat of a newcomer in this area and am very motivated to learn more, any book, online class, podcasts, good forums/websites are welcome.

OK.

I am currently in a customer service job and I feel very stuck. The job market is so frustrating for me, not being able to move forward with my career and future…

Irrelevant.

I am afraid I will turn out to be a total loser.

This is a possibility but at least you have started thinking about forging your own life instead of what most people do which is to be pushed around by life.

Seeing my friends move forward and me not is taking a toll on me.

Why?

Think about what you said here.

If your friends are moving forward are you not happy for them or are you actually jealous?

Trading seems like a good step up

And why would that be.

Are a lot of people advertising that.

Is that because they can sell the dream of easy money for little work?

especially because I have a background in economics/finance.

This is irrelevant.

Personally I also have been thinking about creating other streams of revenue and I have some good ideas for when festivals start.

More streams of income is always a good idea.

But right now I have a hunger for learning about trading, so could you in please share some good resources? Your help is really appreciated.

There are plenty of day trading forums out there.

Simply do a search and start reading.

Whatever you do, do not part with any money.

Demo trading is something of a double edged sword. Whilst it will give some experience of placing trades this will not include any of the psychological pressures of having real money on the line.

There are a number of people here on this forum who have mentioned trading but they seem to have gone quiet about their activity in this area.

I wonder why.

So by all means give this a bloody good go but be prepared to acknowledge that if it all goes tits up them trading might not be for you.

Which is all right because then you will be one step closer to what does work for you.

Perhaps you should focus on what other successful people are doing? I know many people who can make 20% a year using FA but I don’t know anyone who can make 20% a month trading.

So perhaps then, you might like to take a look at fundamental analysis?