Where to start?

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Thread: Where to start?

          
   
  1. #1
    Fatandre's Avatar
    Fatandre is offline Senior Member
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    Default Where to start?

    Ok guys.
    I am interested in investing my money and learn the game.
    Where do you recommend me to start? You know any sites where I can read about it?

  2. #2
    Chas3n's Avatar
    Chas3n is offline Senior Member
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    Books, people in the market currently, try using Investopedia.com - Your Source For Investing Education

    Its not a get rich quick market right now, I started the casual day trading at age 17 under my fathers account and now at 22 still have much more to learn and I do it nearly every day.

  3. #3
    M6Cabrio's Avatar
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    You can trade a lot of different things, but if you want to learn about futures and commodities look here main

    Stocks you need to have $25k minimum in your account to day trade per regulations. Futures, there is no minimum balance besides what the broker requires. However, expect to lose quite a bit in the beginning just for your "education" in learning.

    Lot's of books out there, but mostly trading is all about your mental state. For a great read I would get "Trading in the Zone" Amazon.com: Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (9780735201446): Mark Douglas: Books

    If you have the time and patience to sim trade for a year, that will save you some money, but when you go live things will change again and the market will kick your butt. Even though it may seem that everyone makes money in the market by reading forums and things like that, 90% lose. The small 10% just take everyone else's money (day trading that is).

    Anyway, there is a lot of free info out there on the web. If you want to learn about technical indicators which is the only way to day trade in my opinion this is a good link. Online Trading Concepts - Technical Analysis - Candlestick Charts - Options Tutorials Pretty much you would want to learn most of those terms, and implement what you felt best for your trades.

    Risk/Reward per trade and mental focus is key. Never risk more than 2.5% per trade on any single transaction. If you do that, you have a high likelihood of not blowing your account, and subsequently feeling discouraged. Most traders blow 3 accounts on average before they stop.

    There is a lot more I could write about probably but its 4am and my fingers are tired ha ha.

    Good luck! Brutal arena you are stepping into Would be glad to help if I can.

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  5. #4
    carsyy's Avatar
    carsyy is offline Senior Member
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    I recently started to learn about this myself. I've been reading this book and it provides a good basic understanding of all types of investments.

    Amazon.com: All About Investing: The Easy Way to Get Started (All About Series) (9780071457521): Esme Faerber: Books

    investopedia.com is super helpful as well, and I've seen some of the Dummies books in stock investing, those might be worth looking in to

  6. #5
    123456's Avatar
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    1-10k - Use the money for Education - Paper Trading - Trading Classes, Webinars, DVD's, Books, etc..

    10-20K - Use the money and trade Options - Calls & Puts - Lower Gurnteed Risk, and if played right, gives you a better hedge. Going into a call you know maximum you will lose $250, $150, $100, it's not unlimited or infirm.

    25K+ - Trade Swing Trades, Buy a Company with Good Fundamentals, Flip it at earnings 3 months down the road. Always remember, swing trades become rich, day traders pay the bill.

    100K+ - Day Trade for Momentum, in move plays, break outs, quick scalps, etc...

  7. #6
    lalasd is offline Senior Member
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    should have bought a shit ton of stocks a day or so ago.

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