Welcome to Learn Investing!

     Main Menu
· Home
· Lessons
· Courses
· Reviews
· Surveys
· Topics
· Top 10
· Submit News
· Search
· Recommend Us
· Feedback
· Web Links
· Members List
· Your Account
· Private Messages

     Sponsored Links

Jump Start Seminar
Getting Up and Running in Your New Business


Welcome to the Learn Investing's Jump Start Walkthrough Seminar. I hope that you have just finished reading the course and you are as excited as I first was to start trading. If you are as excited as I was, then you are probably wondering, "What do I do now?" Well, that is what we are going to help you with here. All of the information in this seminar can be found on-line in the virtual classroom. Just visit Learn Investing and click on the shortcut to classes for enrolled students.

We have got a lot of ground to cover today, but first I wanted to tell you a little bit about why I got into commodity trading. Before I even began trading—or even buying mutual funds for that matter—I understood very little about the markets. I remember hearing stories about how some of my relatives made a lot of money investing in stocks and so on. I remember thinking, I should be doing this. I was fortunate enough to have someone spark an interest in saving for my retirement when I was first in the Navy. A Chief Petty Officer named Chief Gunn… if you hear this Chief then give me a call or e-mail me. Anyway, Chief Gunn was my instructor while I was studying to be a nuclear reactor operator, and he explained to our class what I now teach in the Eighth Wonder of the World bonus course, which is basically the principle of compound interest. He showed us that if we started saving at a young age, we could all retire as millionaires! That really left an impression on me. I went out almost immediately and opened an IRA account.

But then the problem was "What do I invest in?" I picked a few mutual funds that I had heard people say were doing well. It turns out that this is one of the biggest mistakes beginning investors make. They jump in with the masses and they buy because the fund or stock or commodity has already gone up. What most people end up doing, and I am included, is they get in at the top and sit tight as it goes down, the whole time wondering what went wrong. Like I said, it happened to me.

We are here to learn about how we can avoid making these types of mistakes, so let us get started. We just sat down and we are wondering what we are going to do to begin trading. The first thing I do is load up my page full of links to all the charts that I follow. You can find this from LearnInvesting's Online Charts and Quotes. When I get to the page that has all the links then I start looking through the weekly and monthly charts one at a time. I am checking to see if a commodity is making new highs that are the highest point in the last year or more, or if they are making new lows that are the lowest point of the last year or more. What I am really trying to find is 1-2-3 tops or bottoms. I also keep an eye out for sideways channels or triangles, but for this discussion we will be talking about 1-2-3 tops and 1-2-3 bottoms.




Next Page (2/7) Next Page






CAUTION:

TRADING COMMODITIES, STOCKS AND/OR COMMODITY OR STOCK OPTIONS INVOLVES RISK. MONEY CAN BE LOST AND/OR MADE TRADING ANY SECURITY AND/OR OPTION. PAST PERFORMANCE OF A TRADING SYSTEM OR MARKET IS NOT NECESSARILY INDICATIVE OF THE FUTURE PERFORMANCE OF THAT SAME SYSTEM OR MARKET. MOCK TRADING AND ITS HYPOTHETICAL PERFORMANCE RESULTS ARE INHERENTLY LIMITED AND SHOULD ONLY BE USED AS A LEARNING TOOL AND NOT A MEASURE OF FUTURE PERFORMANCE. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.


© 2006 LearnInvesting.com