Members in the Press

To be successful in online trading you have to be smarter than the average bear. But despite the dangers and pitfalls, there are investors who make their living through online trading and by staying one step ahead of the sharemarket.

Among them is Hamish Thompson, a 46-year-old form farmer and businessman in Bathurst in the central west of NSW. In seven years, he has gone from losing thousands of dollars through share trading, to managing a $1.6 million fund, which he says returned 32 percent in the past 6 months.

Thomson cites “education and patience” for helping to turn his trading results around after an initial period of being gullible and trusting what the so-called experts said about how to make a buck.

“Good traders need to pay attention to detail and approach trading like a business,” he says.

“Traders need to make sure they take enough time to learn and understand what they are doing. Investing time will pay dividends later.”