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Finance
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Personal Investor |
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Whether you're an active investor or just want to gain confidence in making financial decisions, Personal Investor assists you in taking control of your personal financial situation. Completely independent, this magazine provides unbiased information on e |
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Stock Analysis |
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StockAnalysis, written by nationally recognised market analyst Peter Strachan, is the latest addition to the Pex Publications stable of newsletters. StockAnalysis is the leading-edge, independent source for "all the stock market news your broker wouldn't |
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A Complete Guide to Trading Profits |
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The Odyssey of an Average Investor |
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SMSF |
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The first dedicated publication for professionals advising on self managed superannuation funds, whether they are accountants, lawyers or advisers. The magazine aims to cover the realm of issues confronting the industry with news, features and regular con |
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CFO |
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CFO Magazine is a specialist finance magazine for senior financial officers. It deals with all aspects of organising and running a medium to large organisation, public, private and government. Those aspects including recruitment, management, financial rep |
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How To Learn Stock Investing Without Risk!
By: Dr. Scott Brown, Ph.D.
Airline pilots practice fly in simulators before taking off in an expensive new
jet. They do this so that they don’t kill themselves or their passengers. They
also do this so that a very expensive airplane does not get destroyed!
In the futures markets people who trade commodities have been practicing for
years by “paper trading” the markets. Paper trading consists of using long term
price charts to get a feel for the markets. This was done before we had
computers by learning to recognize and analyze simple trend lines using a pen
and ruler in a catalog of price charts supplied by a technical analysis chart
subscription service.
Once the computer was invented an observant, entrepreneurial, futures trader
named Lan Turner recognized that the entire futures trading process could be
simulated with software. He noticed that this could be done just like the Xbox
games kids play today that are a lot of fun (but don’t teach you how to get
wealthier).
Mr. Turner created a simple software application with a programmer friend and
began showing it around. Futures traders immediately recognized the enormous
benefit of practicing in these highly leveraged markets before actually trading;
just like pilots learning to fly a new aircraft use a simulator. With this first
application Lan began hiring more and more programmers and today his company
Gecko Software (www.geckosoftware.com) has the best futures trading simulator in
the world because it really puts you in the trading seat without exposing your
hard earned savings.
Now they have finally created an equity version that is being beta tested called
TNT High Finance that allows me to actually practice in any past time in any
stock. The software allows me to place positions and then roll time forward like
a video player. This virtual environment allows me to see each day unfolding in
any stock I want to practice an investment technique in the market without
risking my assets.
The reason I am writing about paper trading in the stock markets is that you
must understand how vitally important it is for you to find a stock investing
technique that is just right for you. Each of us has different ways of thinking
(psychology). A stock investing method that is just right for me may be horrible
for you and vice versa. Paper trading in the stock market allows you to hone in
on a stock investment strategy that works for you. Learn to paper trade in the
stock market and you can get years of trading experience in a few short months
of practice that is absolutely critical to your financial health!
About the Author:
Dr. Scott Brown, Ph.D. a.k.a. “The Wallet Doctor” holds a doctorate in finance
and can teach you how saving the daily price of a cup of coffee at Starbucks can
make you a millionaire in the stock market through long term stock investing.
Dr. Brown's website is: www.walletdoctor.com/
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