THE NAKED TRADER - REVIEW
In a nutshell:
'Robbie Burns tells how he trades from home, so effectively could trade naked if i wanted too, hence the title 'The Naked Trader'.
He explains how to start off and shares his tip and tricks and what he does, and tells stories from himself and ones he's heard of other traders'
I thought this book was great, for someone reason either the way its written or Robbie himself i don't know but i couldn't put it down and nearly finished the book in a day!
you can get the book from his website
What i Learnt:
- The stock market is NOT out of reach, and like anything if you give time to learn it.
- Whether this would work, as i don't know if spending every day constantly checking would work for me.
- As little as a laptop with broadband and bank account and you could be away!
What i've taken from this book is:
- I need to research and understand business accounts! this is a MUST!
- This book was VERY USEFUL and i will be reading it again!
- I am now saving up £3,000 and looking to start myself, and in the mean time begin paper trading!
- Useful website to track markets:
advfn.com
iii.co.uk
moneyam.com
proquote.net
hemscott.net
digitallook.com
- Look at stocks that pay out dividends as this will give me money also
- Investors use ISA's to invest with and make gains from tax free LEGALLY (max deposited each year currently around £10,000)
- To invest in stock, using online brokers 'Barclays, Natwest etc' watch out for hidden charges and add in commission per trade.
- Medium Term investor gives roughly (8.5/10 success)
Safe and steady Investor (6/10 success)
'Utilities - Food 'Supermarkets' Energy 'British Gas' etc
- Long Term Investor (8/10 success)
advfn.com
iii.co.uk
moneyam.com
proquote.net
hemscott.net
digitallook.com
- Look at stocks that pay out dividends as this will give me money also
- Investors use ISA's to invest with and make gains from tax free LEGALLY (max deposited each year currently around £10,000)
- To invest in stock, using online brokers 'Barclays, Natwest etc' watch out for hidden charges and add in commission per trade.
- Medium Term investor gives roughly (8.5/10 success)
Safe and steady Investor (6/10 success)
'Utilities - Food 'Supermarkets' Energy 'British Gas' etc
- Long Term Investor (8/10 success)
Overall this book was like it was written just for me in the way it was written i clicked with it very quickly! I would defiantly recommend this book for someone looking to get into stock markets and trading.
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