How to get started investing?

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by Alseng, Aug 20, 2016.

How to get started investing?
  1. Unread #21 - Sep 16, 2016 at 7:45 PM
  2. egear
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    How to get started investing?

    -What websites\Apps do you use?
    I use the Think Or Swim with TD Ameritrade for stocks.
    If you live outside of the US I suggest a CFD broker

    -Any mistakes you made as a beginner?
    Youtube daytraders

    -What is a good starting capital to learn?
    Any amount. You can start out paper trading for free

    -Are there any patterns, do you follow the news about company's you invest in?
    "Patterns" are for TA thrill junkies; the 90% of traders who lose money. Most news outside of SEC reports are just noise and a waste of time following.

    I suggest taking a course at Welcome // Institute of Trading and Portfolio Management
    Example of a course taken there:
     
    Last edited: Sep 16, 2016
  3. Unread #22 - Sep 17, 2016 at 1:19 PM
  4. Myshirtisoff
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    How to get started investing?

    What websites\Apps do you use?:
    OptionsHouse (Equity), Meta Trader 4, TradingView, and Forexfactory (Forex)

    Any mistakes you made as a beginner?:
    Ego, not willing to listen/learn from people who were already successful, too emotional, didn't develop a good strategy, didn't back-test, didn't play to my strengths, didn't identify what kind of role I wanted to have in the market (type of trader/investor).

    What is a good starting capital to learn?:
    For Forex, you can start with $10 with some brokers. I personally started with $200-300. For equities, you want $2,000 - $3,000.

    Are there any patterns, do you follow the news about company's you invest in?:
    I mainly trade off of patterns (technical analysis/price action), but you should always be mindful about news, regardless of which market you trade in.
     
  5. Unread #23 - Sep 27, 2016 at 5:08 PM
  6. cryptogeek
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    How to get started investing?

    Firstly, I would take any money you are thinking of spending in the stock market and spent it on physical silver.

    In the stock market, I would stay away from large corporations and buy mainly junior mining stocks. Sabina Gold is one that I have bought into. About 10% of my stock portfolio is in Sabina.

    Thirdly, if you don't already, I would watch as much Max Kesier as you can including the Kesier report. He won't give you trading advice but he will certainly give you a clearer picture of the economy.
     
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