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Thanks for the great advice! I do plan on paper trading first.
That's exactly how I started with equities. I have heard good things
about the Schwager book and I think that I'll check it out.
Thanks again,
Robert
--- In equismetastock@xxxxxxxxxxxxxxx, avgojoe <no_reply@xxxx> wrote:
> -Hi Cobalt,
> To me, it depends on what your personality and mindset allow. If
you
> are (or want to be) a purely mechanical trader using systems, one
> good book is "Schwager on Futures". It has been described as
a "bible
> on futures" and is very complete but not an easy read.
>
> A good book for equities or futures is "Trader Vic, Methods of a
Wall
> Street Master". Vic made a lot of his money trading the S&P 500
> Futures.
>
> The best value I ever got was "Trading Tactics of the Pros",a
freebie
> from the former First American Discount Brokerage founder, Bill
> Mallers, Sr.
>
> I would suggest that you paper trade until you find the method
that
> suits you. Don't get too rigid and learn to trust your inner voice
or
> instincts...but only after some months of exposure.
>
> Start with a full service broker (about $40 - $50 round turn) and
> wear them out with questions...you're paying for it! Then switch
to a
> firm like 5perside.com.
>
> Hope this helps a little.
>
> Bob
>
>
> -- In equismetastock@xxxxxxxxxxxxxxx, cobalt_cannon
<no_reply@xxxx>
> wrote:
> > I have some experience trading equities and I would like to
begin
> my
> > education on commodities trading.
> >
> > Could someone recommend a book or two to provide me with a good
> > introduction and perhaps take me to an intermediate level of
> > understanding?
> >
> > Much appreciated.
> > Robert
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