I've a small sum (around GBP 4,000) in hand, and make a modest saving every month as well. I really want to learn equity trading and utilize it as a second means of income. However, I don't know I can start trading on a low risk (and low cost) level to get on this learning curve..
My friends are advising to avoid this risky course and look into mutual funds, but this will rob me of hands on experience
Please advice.
Thank you
2006-11-29 03:41:53 · 7 answers · asked by Wolverine 2 in Business & Finance ➔ Investing
before trading the real money, use an assimilated program that will allow you to learn without taking big risks. It is also wise to take courses in investments and learn as much as you can before you start playing with your life savings.
2006-11-29 03:51:06 · answer #1 · answered by neesy01 2 · 0⤊ 0⤋
If you are looking to gain experience trading stocks, without putting your money at risk, I would suggest http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck!
2006-11-29 12:47:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can't succed in binary trading without a strategy, a good method to follow and some kind of software support. They program I use is called "Autobinary signals". It helps finding loopholes for guaranteed returns. It's very easy to use and I'm earning good money. You find all the details on this site: http://tradingsignal.toptips.org
2014-09-24 09:23:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
2014-12-18 13:40:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
do paper (mock)trading first with charts on aptistock freeware
go thr ebboks on 4shared.com
also try commodity it is more safe
detils in my answers
2006-11-29 16:42:00 · answer #5 · answered by dinu_pawar 5 · 0⤊ 0⤋
Yes, if your brokerage has global trading capability.
2016-05-23 02:00:09 · answer #6 · answered by Trudy 4 · 0⤊ 0⤋