i am an 18 year man and worked hard to save up $6000 over the past year i have been trading on forex.com for the past month and have turned $50.000 practice acount into $185,000 and gaining more and more by the day thinking about starting a live acount with about $1000 that wood you do if you were in my shoes how can invest it help ;lease
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December 1st, 2009 at 9:40 am
Pick up a few books and read up on stocks. Go for low risk, low yield stocks first since you are new at this. Read as much as you can and watch youtube videos and documentaries. If you find the topic interesting then open a brokerage account somewhere and start buying stocks. Don’t open a forex account, I know lots of ads are out there promoting forex but trust me stocks are much better and safer to start out with.
Then sign up with an online broker. (you can do this the same time as step 1 as long as you don’t jump the gun and start trading without some basic skills)
I recommend a low fee brokerage like sogo who charge $3 a trade and also give you 100 free trades to start so make your first few trades really small ones.
https://www.sogotrade.com/Setup/Default.aspx?rf=392837
While you are learning about stocks also read up on options. That is a must if you want to be an investor. Take a look at LEAPS, you will be glad you did. Forget starting with forex, honestly people lose money faster in forex trading than in stock trading so learn to master the stock market first and then jump into real money forex.
December 1st, 2009 at 9:40 am
try this site..maybe it could help you..
http://www.currency-trading-tutorial.net/
December 1st, 2009 at 9:40 am
visit this site..i guess it could help you..
http://www.currency-trading-tutorial.net/
December 1st, 2009 at 9:40 am
You need to learn about money management first, Derek. Practice account is different than live account. You’ll get high pressure. You can open mini account at forex broker and use your little money that you can afford to lose.
http://www.imyatrader.com