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How to Learn to Trade, Nadeem Walayat's Trading Lesson's

InvestorEducation / Learn to Trade Oct 17, 2009 - 01:01 AM GMT

By: Nadeem_Walayat

InvestorEducation

How to Learn to Trade?

From technical analysis books ? , website's ? magazines ? trading guru's ?


The real secret of how to learn to trade is by practicing trading in real time (not with paper money but real money).

The act of trading reinforces positive behaviour patterns i.e. you are rewarded by profits, punished by losses, whilst at the same time you have not learned any of the negative behaviour patterns which comprise approx 80% of that which is printed in trading books. You DON'T NEED to READ A SINGLE TRADING BOOK TO TRADE !

Where Trading is concerned the more you learn the more confused you will become as the act of analysis supplants the act of trading. After all if its a 5th of a 5th Elliott Wave then it MUST NOW GO DOWN! The MACD has Crossed it MUST be a Buy! The 61.8% ratio has been hit it MUST now retrace!, The Moving Averages have now crossed it MUST rally! The Seasonal pattern is strong for a Down month so it MUST start to fall ! Example here from 1987.

Source: http://www.marketoracle.co.uk/Article14285.html

By Nadeem Walayat
http://www.marketoracle.co.uk

Copyright © 2005-09 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 400 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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