I have been writing articles each week to Online Trading Academy members for over two years. My goal is to slowly help the misinformed public gain an edge that levels the playing field in the trading and investing world between the novice hard-working public and “Wall Street” professionals. As I have said many times, money is simply transferred from the misinformed novice who does not understand the reality of how money and markets work to those with proper “edge building” education on the reality of how money and markets work. This is nothing new, this transfer of wealth from those who “don’t know” to those “in the know” has been going on since before the Babylonians. While they were the ones credited with the first use of paper notes and receipts, forms of currency had existed for quite some time already and if currency existed, it was changing hands. My hope is to help readers gain enough of an edge to become a recipient of the transfer, not a blind donor. Make no mistake about it, my articles are not about me, not about Online Trading Academy, not about money and markets, they are about you and your development. Today’s piece is meant to cover some basic questions from readers with the goal of you attaining more of a reality-based edge.
Question:
For someone who is REALLY just beginning, is there a good book you would recommend for orienting oneself with the terminology and basics? (I read what you wrote about not reading too many books).
Answer:
It depends; there are two buckets here. One is “learning the mechanics of trading and investing.” The other is “learning how to be a profitable market speculator.” The first is information that I would recommend obtaining from a book. This includes trading platform tutorials, information from an exchange on the specifications on the products you will be trading, and much more. The second bucket, learning… Continue Reading
