The thought of trading in the stockmarket can be very scary if you have never traded before and will certainly invoke a few emotions that could possibly prevent you from even getting started. The fear of losing money is probably the number one reason why so many people never start, but with the proper education and outlook towards risk management, it can actually become a very lucrative form of income. The next question that usually comes to mind is “How do I get started?” If you feel you don’t have the capital straight away, then here is a few ideas that could help you get started.

1. Saving: By putting away a small amount from each pay cheque, you can soon find that you have enough to get started. Some strategies only require $5,000 or $10,000 to get started and this can be very easy to achive if you stay focussed on a savings plan. This can also include cutting back on a few luxury items for a while and trying to reduce your spending to a basic level.

2. Sell Something: Perhaps you have a second car or bike that you don’t really need or some things in the shed that have’nt been used for quite a while. Is it time for a garage sale?

3. Income: This is in line with savings as it involves putting away a small amount of cash each week from your wages into a seperate account until you have enough to get started.

4.Tax Returns: Tax returns are a great way to find yourself with a chunk of change at one time. if you do find yourself fortunate enough to get a tax rebate, then put it into your trading account.

5. Other People’s Money: OPM takes a little negotiation, but can also be very effective in helping you get started quickly. You may be able to convince your family or friends to lend you the money on the pretence that you will pay them back over say 12 months with interest. A bank or visa card is another possibility, but you should always be aware of the interest rate and terms and conditions of the contract.

6.Equity (Line of Credit): Do you have equity sitting in your property that is still to be leveraged. One option could be to remortgage the property and use the equity to fund your trading account. you could then use the profits from your trading to cover the repayments. This could potentially give you access to hundreds of thousands of dollars and if managed correctly, could easily help you to replace your income.

7. Parents Equity: If you don’t own a property yet, then maybe your parents do. You could negotiate with them and ask them to remortgage for you and you would cover any increase cost in repayments.

8. Superannuation: Are you currently adding to a retirement fund? It could be worth considering a Self Managed Super Fund (SMF) as they are now very flexible and can be taylored to suit a whole range of investment strategies.

Whilst some of these strategies may be considered aggressive, they simply highlight the need for creativity. If you want to be doing more than what you are right now, then you need to start doing something different. Think of new ways to accumulate some money. Stay focused on your goal and TAKE ACTION straight away. If you don’t start stright away, then it can be easy to get complacent.

So back to the question of “How do I get started?” Planet Wealth has put together a series of E Books to help you learn their strategies and give you the education you need to be confident when you start live trading. Read the E Books and then consider which strategy you would like to persue. Sign up to become a member of the relevent forum and you will be shown the exact trades that andrew dimitri is placing in his own personal account. That way you know they are good trades and  can copy them into your own account if you choose. On the other hand, if you are not confident enough or simply don’t have the time to learn all the techniques, then you can use the AUTOTRADER service which will automatically place Andrew Dimitri’s trades into your account. There is nothing for you to do. Just sit back and watch if you like. It’s all done for you.

So please feel free to have a look at the E Books and we look forward to welcoming you to the Planet Wealth team.