How to get started with investing and trading on the stock market with Louise Bedford

Interested in the stock market but not sure where to begin? Special guest Louise Bedford shares her secrets to becoming a successful day trader. She talks about how to cut through the amateur advice that might get you into trouble, and navigate market volatility like a pro. 

Andrew, Chris, and Young have a riveting conversation with Louise about the intricacies of trading, the difference between trading and investing, and the comparative strengths of using technical analysis versus fundamental analysis to guide your decisions on the share market.

The information shared on this podcast is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Before making an investment or trading decision you should consult with your financial adviser & consider how appropriate the advice (if any) is to your objectives, financial situation and needs.

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Louise Bedford is a best-selling author of five books on the stockmarket. She is a behavioural finance expert and has degrees in Psychology and Business. She’s been running the 6-month repeat-for-free www.tradinggame.com.au Mentor Program since the year 2000, and she’s also the founder of www.talkingtrading.com.au, a free weekly trading podcast.

Known as ‘the corporate executive who lost the use of her arms and achieved financial freedom by trading with a pen in her mouth’ – she will inspire you to achieve your trading best.

Thanks for listening! Visit the RSM Australia website to ask the hosts a question.

Chapters

• 0:00 Introduction
• 0:57 How to navigate market volatility like a pro
• 3:38 What is a candlestick graph and how does it help optimise trading?
• 4:24 Technical analysis or fundamental analysis? Which investment style is best?
• 8:27 What's the difference between trading and investing? And how do you get started on the stock market?
• 9:20 Stop-loss orders - limiting losses and reducing risks... In relationships?
• 10:58 Don't be a stock cheerleader - shares can't hear you
• 11:48 How to create an effective trading plan
• 13:48 Should you choose shares based on your personal interests?
• 15:46 Staying objective to avoid losing money
• 17:02 Do you go broke making profits?
• 18:49 Using psychology to understand stock market behaviour and traders who sabotage themselves
• 20:28 How do you manage your risk when trading? The value of written trading plans
• 22:29 Louise's first accountant - Why accountants should support their clients
• 24:17 Can anybody make it as a professional day trader?
• 25:32 How much money should you have saved before you begin investing or trading?
• 27:51 Practical first steps for getting started with shares
• 30:38 Spreading risk and diversified assets: ETFs, indices, managed funds and "Specific risk"
• 32:45 The value of success: financial freedom
• 33:49 Gender differences - do men or women perform better as traders?
• 37:35 Finding good information about trading online.
• 39:57 Outro