Hi David.
Firstly, LOL, love it, (only a couple hundred thou to trade with).
Now I am not an advisor but have previously told that a smart way to do or approach to take is this:
One third in Cash
One third in Property
One third in shares/investments
Now thats 99%, I would spend at least that 1% on some further education.
Lots of ways to go with books, Videos, Mentors or whatever.
I personally would say, sure, Read away first, also look at some Vids or even do some share, swap or finding out where the info is for what exact style you wish to trade or invest in.
as in ie: If your interested in Forex say, well download a course which has some forex training.
BUT, if your gonna do that you may wanna do some candle stick training so start off with some Steve Nison Candle stick course, then do Steve Nison Forex which compares Forex and non Forex candles and patterns. Then do the Samurai Trader steve nison course.
After you fully know all that and cant sleep because your still dreaming the sh#t, start doing some of the free websites which give you basics, there are many of them, ie:
http://www.thepatternsite.com/
http://www.taguide.com/
http://www.incrediblecharts.com/
http://www.informedtrades.com/trades.php?page=school
There are some basic ones which after a while will get you pretty familiar along with a stack of books which are also handy to read.
If your after the basics then the above will be a great starting place.
While you are at it, may as well get your eyes tuned for a variety of charting applications.
Rather than rush off and buying some, get familiar with some free ones and work your way up.
The links below will give you a few packages which can assist you in becoming familiar with applications or charting to get you up and running.
Try:
http://www.egoli.com.au/news/page/Eg...theme=Research
http://www.incrediblecharts.com/
http://www.hubbinvestor.com/
These also use free delayed data, but also a limited degree of power of needs but initially that wont matter as its just great to know the extent of any charting package, IMO.
Or you can also just use online charting with no installation so try BigCharts:
http://bigcharts.marketwatch.com/
Customise or choose advance tab to add your own indicators etc etc.
If you need integration, I suggest you join your local Technical Analysis Association. In Australia, we have here the ATAA, and I am sure there is one in New Zealand. They will have meets all over the joint, and you get to meet other traders and hear lots info about TA and Trading in general.
For NZ there is, STANZ Society of Technical Analysts of New Zealand
http://www.stanz.co.nz/
For Aus there is ATAA
http://www.ataa.com.au/
The ATAA is affiliated with the International Federation of Technical Analysts (IFTA) which helps members keep abreast of international markets and techniques which also basically keeps everybody on the same TA page type of thing.
The other month I went along to an ATAA brisbane monthly event and had a listen to Jake Bernstein who was a pretty cool dude and has his own way and thoughts about the markets, world and everything. Nonetheless, Im not quite into Futures or commodities as yet, but I will get there soon. As trading or baby sitting ASX stocks is becoming a total bore, so I need to adjust my style to perhaps instruments with less emotion.
So in the meantime, its also back to school for me and I honestly wish I did what I have previously done before and kept up and do what Im doing now. This would have saved me from losing close to 80+K which could have totally been avoided.
Once you have spent a day, week, month, year or years, depending on how much you have buried yourself in it, your quest will continue to evolve, as will your knowledge and as will your place/risk/style/rewards you also seek and to cut a long story short, you will potentially find out what kind or type of trader or trading Style that suits or works for you best.
Perhaps once you have dug through all that plus anything else others here offer, maybe then you can take the plunge and then get the Star Mentor to aid you in what questions or approaches you are trying to adopt. But you will have saved many many thousands of dollars by starting off on the basics and expanding from what is being said here.
Remember,there is NO QUICK path to salvation of what security, greed, or needs we seek, so knowing what our thresh-hold exactly desires or knows how to cope is a good place to start.
In the meantime, keep us informed on how things develop for you and from what path or direction you take.
Hope this has been of some help to you anyways.
Cheers pal~!
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