Stock Markets

[Harrod200]

Who here dabbles (and how seriously) in the stock markets? I've been tempted a few times to have a look but without any real money (thus meaning I don't really have any expendable cash I wouldn't mind risking) I've never invested in anything.

How well have you done out of it if you have done a little trading?

[requiem]

I've done well with the funds I've invested, however the same old rules still apply, risk vs. return, portfolio diversity and knowing your limits. If you want play it safe, invest in some ETF's which are low on expense and quite profitable, such as the vanguard ones. Good luck

[[R-DEV]Jaymz]

Denis J. Nolan

Denis Nolan was a well-known market practitioner with over 30 years experience in the global exchange, money and derivatives markets.

As a chief dealer and treasurer throughout the 1970s and 1980s, he was amongst the very first treasurers of international financial institutions to embrace financial futures and derivatives as a logical extension of money and exchange dealing strategies.
A founder member of LIFFE and former visiting lecturer at The City University Business School London, he wrote extensively on foreign exchange and addressed conferences and seminars on financial markets’ instruments, derivatives, arbitrage, back office and Code of Conduct in Europe, the USA, the Middle East and Japan. He was co-author of Mastering Treasury Office Operations published by Pearson Education in 2001.

When the Code of Conduct was first included as a compulsory subject in the examinations, he was approached by ACI–The Financial Markets Association to advise on related issues. With a unique training background and as an internationally recognised expert on the subject, he was commissioned in December 1998 to write a global code of conduct for treasury OTC financial markets.
Liaising closely with the ACI Committee for Professionalism and maintaining ongoing contact with the regulatory authorities in Europe, USA and Japan, he completed The Model Code in March of 2000.

Sadly, Denis passed away in July 2003 following a long battle with cancer. However, he leaves behind him a long lasting and fitting memorial to his contribution to the industry in The Model Code.

That was my father , *sniffles*

Anywho, here are two of his books.

http://books.global-investor.com/pag...e468cf8791dc3a

http://acilebanon.com/Upload/NFile_1070_25.pdf

[Harrod200]

The drinks are on Jaymz!

Sounds like your dad knew a thing or two about the game.

[jackal22]

i have a question, are you using one of those sites that charges a flat rate fee for transactions or going through a bank and having to pay all the charges that go along with it.

ive seriously wanted to get into stocks for quite a while and got given a few as presents but the problem i have is without enough cash to invest properly yet any profit(talking very small) -if that stupid bank crises- i make will most likely be sapped up in transaction charges.

so how do you deal with the shares?

[requiem]

www.tdameritrade.com for me.

[jackal22]

thank you for the link it looks quite good, will check into it some more,

just out of interest did you pick the internet only type for $9.99?

[requiem]

Yep.

[JohnnyPissoff]

- If you don't have any extra cash to throw at the learning curve forget about trading and stick to investing. And go with several not just one fund manager.

- I've been into trading commodities (currencies, oils, metals, coffee, cocoa) since the first gulf war and am just now starting to make some serious money. The learning curve is very very painful. The secret is to stick with it and learn to manage your account over even trying to make that one big trade.

- And man do not ever place your full trust, faith and account under a broker's hand, always make your own decisions. Get a discount broker and do some serious research. Until you inevitably meet a decent broker that will work with you not against you.

- Oh and "paper trading" doesn't do anything more then give you a false sense of confidence and suck you into the grip of a unscrupulous broker that will likely stroke your ego and "churn" your account (make unnecessary trades to bolster his commissions) You have to actually place your own hard earned money on the table to be able to over come the twin demons of trading: FEAR and GREED.

This is actually a great time to get into the "game" as there is a lot of volatility in the markets. *hint hint* the stock market is very very over-bought and looks to be putting in a "double top" and may just take a lot of weak hands out of the "game" soon so make a point to learn about the "short" side of trading. Or wait until there is "blood in the streets" (meaning; after a great selloff and everyones running away from the market not piling in)

Good luck man and happy trading, it can get quite lonely at times and gaming helps relieve the tension and keeps your finger off the trading trigger and too many nervous and unnecessary trades.

P.S. Rest in Peace Denis J. Nolan. I bet you had one heck of a wild ride as a bond trader.

[[R-DEV]Jaymz]

hehe, thanks. I actually grew up all around the world because of my dads job. Born in Kuwait, lived in Dubai, Tokyo, London, Dublin for the most part though. Now I'm in Orlando, FL and who knows where to next