Do you really think it is possible to train your sister on 1 hour a week?
For me personally that would not be enough exposure, though I fully admit I am not a natural born trader and there are surely people who can pick this up better and faster than I, especially with your guidance.
On the face of it I think your sister is looking for this to be some quick fix, and my experience would suggest there isn’t one. A specific, easy to follow strategy, is one thing but being able to formulate your own is a lot different.
Alan
PS – could I be cheeky enough to ask your opinion on Apple on the next market commentary? I realise you guys don’t do stocks but would be nice to have your view.
no they see it as a 10 year plan so not a quick fix. But even so, they don’t havea lot of time to devote so managing their expectations would be important. Probably have them demo account trading for a very long time first based on their knowledge and time input available.
Hi Kevin,
I think the best thing would be to give them the products you have for swing traders and sign up for a virtual account to trade the swing setups.
Once they can get fluent at using the platform, entering and exiting trades, maybe then can start trading a live account.
However all this would have to be after they get familar with charts, the terminology etc. (Theory based learning. Money management)
In time when things start going smooth, can start learning and trading new setups, patterns etc.
Would reccomend them to follow your videos too.. and Alessio’s 🙂
Monday’s Market Commentary plus a dilema?
A look at the key markets plus what should I do for my sisters??
4 Comments
Hi Kev/Kym
Do you really think it is possible to train your sister on 1 hour a week?
For me personally that would not be enough exposure, though I fully admit I am not a natural born trader and there are surely people who can pick this up better and faster than I, especially with your guidance.
On the face of it I think your sister is looking for this to be some quick fix, and my experience would suggest there isn’t one. A specific, easy to follow strategy, is one thing but being able to formulate your own is a lot different.
Alan
PS – could I be cheeky enough to ask your opinion on Apple on the next market commentary? I realise you guys don’t do stocks but would be nice to have your view.
Thanks Alan,
no they see it as a 10 year plan so not a quick fix. But even so, they don’t havea lot of time to devote so managing their expectations would be important. Probably have them demo account trading for a very long time first based on their knowledge and time input available.
yes will look at APPL for you….
Hi Kevin,
I think the best thing would be to give them the products you have for swing traders and sign up for a virtual account to trade the swing setups.
Once they can get fluent at using the platform, entering and exiting trades, maybe then can start trading a live account.
However all this would have to be after they get familar with charts, the terminology etc. (Theory based learning. Money management)
In time when things start going smooth, can start learning and trading new setups, patterns etc.
Would reccomend them to follow your videos too.. and Alessio’s 🙂
yes great advise and that’s what I would encourage – just mine and Kym’s videos though!