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June 17, 2008

Comments

dyork

No argument from me, but (a) surgeons and electricians know where they can get that good basic education (b) start getting paid as soon as they can go to work.

By contrast, starting traders (a) are bombarded by expensive courses and books with no way to tell the gurus from the scammers and (b) get paid only when they're already better than most. You get sold a system that already stopped working, you lose a bit of money and you give up.

If you can explain how to get a solid basic education and show off something that actually works, I'll certainly be reading.

jsimon

Great Post,
The lack of proper training and psychobabble in this industry is astounding, every juncture is filled with so called Guru's none of which in my experience are making money - apart from their seminars.
As an engineer my first 3 years as a trainee were spent getting my hands dirty with a tradesman only then did i progress further up the ladder.

Looking forward to your next 3 posts.

Debbie

hie there.

We have previously exchange some emails regarding my project. Well, we have recently launched a new finance blogging portal and would love to discuss the possibilities of having you onboard as one of our contributors. We basically offer a platform for finance authors to promote their websites by publishing their writings to the online aussie audience. Would love to hear from you soon!

Cheers!

steve2222

Totally agree with your comments about practicing in 'sim' mode until you can prove results.

What software do you recommend to allow you to 'sim' without having to open an account with a broker? In any event most brokers only allow you to 'sim' on their software for 2 to 4 weeks, which is not long enough.

The software needs to be capable of back testing your trading theories and taking live data feed (who do you use for your live data?)

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