Didnt know where to post i have question about where to start with stocks.

by kitteh101

Posted: 9 years ago 2 replies

INTERNET MARKETING

Let me give you my background really quick i have no former experience in stock trading or forex or bonds but i have a small i idea.

I work a full time job and have money left to save or invest and as a side hobby i want to get into stock trading like i did internet marking.

So my question for you is does anybody know a good forum for stock traders starting out.

My other question is does anybody know the name of the most reputable forex trading simulator where you trade with real time fake money.

Thanks for any help.

#post #question #start #stocks

jfrombk 9 years ago

You talking binaries or no?
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sunoy14 9 years ago

I think forex.com has a practice offer where you trade with virtual fake money in real time. I tried it for 3 months, lost all the fake money and realised that forex might not be for me.
Actually I was still learning. Maybe I should have put more time but I feel forex is like gambling and am interested in doing other forms of business. (Just my opinion ).

Regarding stocks, there is intraday and the long term trading. It's more or less like forex. The difference that in forex, you are betting on currencies and in stock, you are betting on the companies.

Intraday can make you rich quick or make you a beggar quick

I'd personally prefer investing a percent of my monthly salary in the long term . A company can fall down, rise up, fall down again and finally shoot to the stars. So a long term can be a good option. Just my preference though.

Intraday trading is very attractive. But very dangerous if you are not very skilled at watching the market trends. Could be more like a trap
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