V came up with a great computer model for investing,
unfortunately it didn't work. I'm sure he'll be along soon to explain it.
(bill, Mon 29 Jun 2009, 15:49, 1 reply, 17 years ago)

It does work I just need to refine it further before I'd be happy to risk money on it
Trading isn't a get rich quick thing. I'd hate to think how many hours I've spent working on it, probably about 1000, without having put a penny on the table.

You're not going to make a worthwhile amount of money without a huge investment in time and possibly a significant investment (depends on what you're trading).

If you spend too much time working on it and develop a reasonable understanding you'll sound like I do when I talking about it while drunk: A fool who's been drawn into a scam.

1) Don't trade with money you can't afford to lose
2) If you're relying on the returns from trading to survive you shouldn't be trading
3) Don't pay for a "system". There are some that aren't a scan but the overwhelming majority are so it's best not to get involved.

If you want to talk about it any further gaz me.
( Captain V, Mon 29 Jun 2009, 16:21, Reply)

Thanks V
I'll do some more research and gaz you when I don't understand a word of it.
( Kitty v1.0 desperately naive, Mon 29 Jun 2009, 16:36, Reply)

Couple of other things to bear in mind
I mostly do it because I find it damn interesting (although the prospect of earning a living from it is a big encouragement too) and until I hit a bit of a brickwall I was spending at least 30 hours a week doing things related to trading. Once I get my database sorted I'll be doing the same again.

You'll also need to get into the technical stuff you've avoided reading and read lots of it.

www.babypips.com/school/ is a good place to start. It's primarily for forex but will help you with basic understanding of some more general concepts.
( Captain V, Mon 29 Jun 2009, 16:45, Reply)