Forex Broker seem to be lucrative one as long as you understand and have experience with it. 3 of my friends are successfully open their own brokerage since they were customer services and manager in broker previously. They were not very rick when they start. One other were not success even he were a millionaire, but since he has not much real knowledge regarding trading and brokerage.Read more »
I have a stock market simulator account with Investopedia and they gave me $10,000 virtual cash. For the past 2 weeks I have been making $300-400 daily. Am I ready to go into the market?
Do it 2 more times and yes, you can start play with real market. Keep in mind this: Demo is something rosy for clients to join, it is the most effective tool from brokers to show how easily you can make money with them. Real is totally different. But yes, winning in demo is essential steps. There are bucket shop that make demo supper easy ( fill your trade with positive slippage – so you have you trade winning right away when you enter the trades). But also have Dealing Desk to control your real trade after with opposite direction. […]Read more »
I’m 18 and I’m trying to learn how to invest, what are some starting tips to learning the basics of investing?
Start up never so easy. Just do it and you find your way. Here some tips if you want forex trading: Find a good broker. You can never win with bad or average broker. Train yourself on discipline as early as possible ( if you say you going to do A, you do it no matter what cost you) Invest small until you really can keep an account alive for more than 6 month with consistent profit before really rolling in.Read more »
I have many friend success at stock but not with forex. Problem is too much greddy, they come from leverage of 1:10 on stock to 1:500 on forex and aim for too much. So maybe you just need to learn to control self. I suggest if you experience from stock then go with weekly and monthly time frame in forex, also pair to carry trade with posistive swap. Best regard Huyen VuRead more »
In the past 5 trading days, I lost around 10k in the stock market. I don’t want to quit. Rather, I want to learn and make a profit. What should I do?
I am sorry to hear that. You are done for this month. Go back next month when you have less emotion. Pain need time to heal, give yourself a chance, dont force it, the market is there today, tomorrow, next week, next month.. dont hurry. Thank you HuyenRead more »
1000$ actually is not too small neither too large. If to know basic how market work, 1.000$ is more than enough. But if you want to make 10.000$ from 1.000$ it is a quite not easy task. So you need to ask yourself first what you going to make from 1000$? What is your goal Once you have your goal, then you find a tool, away to reach to your goal. Read about SMART goal, which stand for : Specific (simple, sensible, significant). Measurable (meaningful, motivating). Achievable (agreed, attainable). Relevant (reasonable, realistic and resourced, results-based). Time bound (time-based, time limited, […]Read more »