Hi, i am 18 yrs old. I want to get into a field which has ample benefits in terms of cash later down the road. Should i start stock investing? or can i look at other stuff like Currency Trading? like i am really serious in starting my career in these fields. What should i do? I am really confused. I would want to be like warren buffett one day.
Well, you couldn’t have chosen a more rewarding field.I’ve been trading in the financial market for years.You should start by reading John Carter’s "Mastering The Trade".Its one of the best books out there.It covers everything you need to know to get started.The financial market is complicated.There’s so much to learn.Think of it like going to school.It takes a lot of work and practice to get good at it.
Since you don’t have much capital you should start off "swing" trading.Its holding a stock anywhere from 2 days-2weeks.It’s much more profitable than investing.Around 1k would be a good starting capital for you.The most profitable way to trade is "day trading", but you have to have 25k to do it.I started off swing trading. Now, I day trade futures and make around $3,500/day.Like I said read "Mastering The Trade" first.You will have to learn orders,charts,candle sticks,Candle stick patterns and technical patterns.You can also short stock and futures.This is the opposite of buying and is trading and profiting from the decline of an equity.
The absolute BEST broker out there is ThinkOrSwim.com.It’s very comprehensive and even has chat which is great for passing time during the trading day.You can sign up with them for free and downoad their platform for free. You can start with something called paper trading.Its for practice trading.They also have A TON of education stuff.They have a whole archieve of stuff on the platform for anything you wish to know.All you have to do is search for it.
If you have any questions send me a message and I can help you. hargrave.matt563@gmail.com
Well, you couldn’t have chosen a more rewarding field.I’ve been trading in the financial market for years.You should start by reading John Carter’s "Mastering The Trade".Its one of the best books out there.It covers everything you need to know to get started.The financial market is complicated.There’s so much to learn.Think of it like going to school.It takes a lot of work and practice to get good at it.
Since you don’t have much capital you should start off "swing" trading.Its holding a stock anywhere from 2 days-2weeks.It’s much more profitable than investing.Around 1k would be a good starting capital for you.The most profitable way to trade is "day trading", but you have to have 25k to do it.I started off swing trading. Now, I day trade futures and make around $3,500/day.Like I said read "Mastering The Trade" first.You will have to learn orders,charts,candle sticks,Candle stick patterns and technical patterns.You can also short stock and futures.This is the opposite of buying and is trading and profiting from the decline of an equity.
The absolute BEST broker out there is ThinkOrSwim.com.It’s very comprehensive and even has chat which is great for passing time during the trading day.You can sign up with them for free and downoad their platform for free. You can start with something called paper trading.Its for practice trading.They also have A TON of education stuff.They have a whole archieve of stuff on the platform for anything you wish to know.All you have to do is search for it.
If you have any questions send me a message and I can help you. hargrave.matt563@gmail.com
References :
Certified Technical Analyst
Certified Financial Tech
You should. You must have 3 things to hit it out rich. They are all assets.
A Business/es
Stock/Bond/Mutual Funds Portfolio
Real Estate
If you have 2 of those 3 you are set.
References :
get more details ; open the second & fourth link in: http://www.total-forex-trading.co.cc
References :
Forex is not the type of trading to "start in". Learn about long term investing stocks, swing & day trading stocks. Day trading…. should of this group.. be last.
There’s one easy way to start…… read as much as you can. Start with the basics;
Stock Investing For Dummies
Mutual Fund Investing For Dummies
Move on to;
How To Buy Stocks, William O’Neil
Wallstrip Edge, Howard Lindzon
Trading In The Zone, Mark Douglas
Mastering The Trade, John Carter
Trading For A Living, Alexander Elder
Market Wizards, Jack Schwager
After these… keep on reading more……
References :
To invest successfully takes two things: (1) cash, and (2) knowledge. Do you have both? If not, start by reading "Investing For Dummies."
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