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Where do i start?
Started by
SlowButSteady
, Jul 31 2014 09:44 PM
13 replies to this topic
#1
gamma
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Posted 04 August 2014 - 05:45 PM
Do not try and bend the market. That's impossible. Instead... only try to realize the truth. Then you'll see, that it is not the market that bends, it is only yourself.
#2
Mars
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Posted 04 August 2014 - 03:07 PM
Here's a list of books I used when I started, and that I'd recommend (in the given order):
1) The Financial Times Guide to Investing: The Definitive Companion to Investment and the Financial Markets, by Glen Arnold - Good overview of all sorts of investment vehicles (stocks, bonds, funds, futures, spread betting, etc)
2) The Neatest Little Guide to Stock Market Investing, by Jason Kelly - Only focuses on stocks, but shows you how to develop your own trading/investing strategy
3) Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications, by John J. Murphy - Good introduction to various charting techniques
Thank you very much!
#3
zombii
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Posted 04 August 2014 - 03:05 PM
Here's a list of books I used when I started, and that I'd recommend (in the given order):
1) The Financial Times Guide to Investing: The Definitive Companion to Investment and the Financial Markets, by Glen Arnold - Good overview of all sorts of investment vehicles (stocks, bonds, funds, futures, spread betting, etc)
2) The Neatest Little Guide to Stock Market Investing, by Jason Kelly - Only focuses on stocks, but shows you how to develop your own trading/investing strategy
3) Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications, by John J. Murphy - Good introduction to various charting techniques
#4
Mars
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Posted 04 August 2014 - 02:52 PM
I agree with Zombii. I remember reading a book by Alec Hogg for situations like these. He had step by step guide to trading shares. Only by Chapter 11, did you get to buy shares. You don't want to loose your money before you have properly started.
PS: Joining a forum like this is also a good start, so well done on that.
What was the title of the book by Alec Hogg? I am currently reading reminiscences of a stock operator... also very new and looking for guidance...
#5
Guest_Bandido_*
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Posted 03 August 2014 - 11:13 AM
Hi SBS - When I started trading Sharenet did not exist (I THink). Speak to Peter Kalamatas at Imara. Also when I place an order, I only pay after all done. I have always waited for invoice. I bought VIS shares some time back, all the included charges R521.84 {brokerage, strate, vat, securities tax}
Hope it helps Regards
#6
Qbre77
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Posted 02 August 2014 - 02:47 PM
IG is .20% minimum of R100. They give u a lower minimum for first few weeks. But this is for CFDs, u cannot buy the actual shares through them at the moment but I am told that soon u will be able to. The IG platform and charting is top quality
#7
M e r l i n
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Posted 02 August 2014 - 09:11 AM
Sharenet is only .3% fee and 100- minimum charge so to optimize fees a minimum order of 33,000 worth of shares must be traded.
Bandido had a look at Imara SP Reid. Do they have a minimum brokers fee per transaction? All i see is 0.45% fee per transaction but no minimum fee. I know Standard Bank is R60 minimum and some places even R100.
People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)
#8
SlowButSteady
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Posted 01 August 2014 - 04:03 PM
Bandido had a look at Imara SP Reid. Do they have a minimum brokers fee per transaction? All i see is 0.45% fee per transaction but no minimum fee. I know Standard Bank is R60 minimum and some places even R100.
#9
Guest_Bandido_*
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Posted 01 August 2014 - 12:10 PM
I use Imara SP Reid. Been with them for 12 years.. Never a problem
#10
zombii
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Posted 01 August 2014 - 11:30 AM
Standard Bank is actually one of the cheapest online brokers. I'd say a minimum of around R 20,000-50,000 starting capital is required to make it worth it.
#11
SlowButSteady
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Posted 01 August 2014 - 11:08 AM
So i had a look at Standard Bank Online Trading website and it actually costs a lot of money just to buy shares and they are one of the cheaper options. It costs a minimum of R110 per month and then min R60 per transaction.
So my question is what is the minimum amount that i need to start and is there a cheaper option to bypass the broker?
#12
Shi
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Posted 01 August 2014 - 10:30 AM
I agree with Zombii. I remember reading a book by Alec Hogg for situations like these. He had step by step guide to trading shares. Only by Chapter 11, did you get to buy shares. You don't want to loose your money before you have properly started.
PS: Joining a forum like this is also a good start, so well done on that.
“One day Alice came to a fork in the road and saw a Cheshire cat in a tree. Which road do I take? she asked. Where do you want to go? was his response. I don't know, Alice answered. Then, said the cat, it doesn't matter.” - Lewis Carroll
#13
zombii
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Posted 31 July 2014 - 09:58 PM
You'll need to sign up with an online stock broker, such as Standard Bank Online Trading. If you're completely new to stock trading, I'd highly recommend reading up as much as you can first before jumping into the market.
#14
SlowButSteady
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Posted 31 July 2014 - 09:44 PM
Okay guys and girls. I am trying to get into the online trading game and have no idea where to start what is reliable and so on. Can someone give me some pointers (or at least point me in the right direction) as to what is required to actually buy stock and where stock can be bought.
Any help would be appreciated 
