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I want to get involved in trading... where should I start?
I am a heavy reader too please recommend me books that can bring me up to speed. How much money should I start with i.e. $1,000 - $3,000? I'm 25 so everyone says invest in high risk... Is that the right way to start out? I don't want to pay a broker commision either. I have heard a lot about scottrade and other websites, which one is the best? I'm a very knowledable person that saves money, I want to start making a higher yield than cd's.
yes... stocks, i know... thanks for the wisdom guy
5 Answers
- Anonymous2 decades agoFavorite Answer
I suggest you to start with as much money as you can to retire early.
Open a brokerage and margin account at Ameritrade.com today.
If you want to get a higher yield than CDs you need to invest in ETFs, Mutual Funds and Stocks.
Drop me a line if you need more detailed information.
- flying_eagleLv 42 decades ago
Yes high risk investments the way to go. When you are young you have the time to reclaim what you lose. And if you win - all the better.
Read a lot of books - choose the path which is more suitable for your style.
You must always pay broker commission - it is a part of diong business on the markets. Trust me - broker commissions are the least of your concerns when you are trading the markets for a living - or a large return. You should be more concerned on risk management and protecting your capital.
Source(s): Trading Stocks (Shares) http://www.mysharetrading.com/ - Anonymous2 decades ago
You probably want to start investing, not trading. If you really want to trade, you could save yourself a lot of time by wrapping up the sum you have available for trading and throwing it off a bridge somewhere.
At 25 you can safely put $1000 dollars into each of three mutual funds, a large cap domestic growth, a small-cap domestic growth, and an international growth fund.
Best on-line source to learn is www.fool.com
(just my opinion)
beware of anyone who can "teach" you how to beat the market. If they could, they would have retired already & wouldn't need to sell you stuff to teach you how!
- 2 decades ago
you can go to get an education from a company i went throught to learn about stocks and options called INVESTOOLS. the best stocks to buy for a non pro are stocks that are in an uptrend and have recently dropped to their 30 day moving averages. on the second say of their raise, then you buy. also. Learning about CANDLE STICKS will save you from loosing thousand of $. Take it from someone who's been trading for years.
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