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Starting to spread trade...

  • 10-08-2010 7:05am
    #1
    Registered Users, Registered Users 2 Posts: 20,471 ✭✭✭✭


    Having dabbled on and off with spread trading over the past few years i now intend on taking it up more seriously. i am an accountant and work in finance and presumed, wrongly, that trading would be relatively easy for me. i quikcly understood that i wasnt and could see the mistakes i was making, so before i lost any money i couldnt afford to lose i took a step back with a view to educating myself.

    i have an ig index account and understand the basics of how it works.

    I had seen adverts for wolgang.ie and am contemplating trying their evening course in september, altho i am open to self teaching.

    Has anyone got any good tips on where i should start?

    i have started to read Trading in the Zone (Douglas) and Trend following (Covey), what other books are highly recommended

    how much time a day should one give to trading, is it possible to do in a smaller way alongside a conventional 9-5 job

    What kind of profit % should a good strategy give on your capital

    What is the best way to start off? use 100 euro as a test bank and see what % gains you make off of it?

    any other advice gratefully received.
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