What Should You Start Trading First? Stocks, Options, Commodities, Forex?
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What Should You Start Trading First? Stocks, Options, Commodities, Forex?
Continue to learn with me at: http://tradersfly.com/
Check out my courses at : http://rise2learn.com
Facebook Fan Page: http://www.facebook.com/tradersfly/
Get My Charts on Twitter: https://twitter.com/tradersfly/
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Just an beginner starting out here and I can see that most of your strategies and condemnation boils down to psychology.
I did a lot of psychology and personnel development study and it boils down to the fact you should apply such skillet to all areas of your life and not just stocks.
I'd recommend checking out the you tube channel (Actualized).
7 People those Dislike this Video are Actually Losers In their Lives 🙂 Or Have EGO Problem .
Sasha, for an individual day/swing trader like yourself, what is the optimal number of monitors to work with? I would imagine that one is not enough (since the TC2000 software you're using does not allow for executing trades), however four monitors might be too many (as one might get distracted with too much information). Or maybe it's a good idea to buy one large monitor (like 34") with several-screen split feature? Many thanks.
Dude, WHAT is with your shifty eyes.
hey sasha, options is binary right?
Hey Sasha, what do you think about the fees??i know I pay for platform, commission, and scanner fees monthly for stocks, but how does the forex compare?? Thanks!
How much money do I need to get started trading options? Is 5000 enough?
i am confused how do i trade using my laptop. what software or platform do i use
These last few days after the Nepal earthquake, it made me realised I really want to make large sums of money to give most to charity and the unfortunate, so yeah, I can't think of any other way at this point to make money for it. I also actually enjoy the simple modest life, don't waste my money on fancy cars, clothes etc… Just want to begin helping society and the world. I also have my own blog site called wisdom research
If I just want to make a sum of money in a short period of time, for example just $20,000 in a month or so, and then may considering quitting, which is the best option for me to chose? Thanks Sasha! :D
Thank you Sasha so mush with the information, just been exposed to trading as i needed financial breakthrough but the way you explain it, trading is not a quick money making scheme as other people say it is, will start to learn was so confused where to start but you really illuninate things, which online brokers you could advice maybe start using thier Demos?
FX is just as liquid if not more than stocks bc so many are involved in the MAJOR currencies. Saying the stock market is more liquid is a blanket statement at best, especially if your trading a penny or low dollar stock with good size. Also the COST of starting in Stocks is generally more for new traders bc lack of capital vs cost of shares, margin, and day trading rules. I trade ALL markets in several different styles and the commodity Grain markets are the easiest IMHO. Startup is always important and ppl need to know whats the cost.
Forex – 2k to get started – Hard market to learn bc of conversions and even more difficult to master, fundamentally driven with large volatility at times, not the best for newbies imho. Easy to get into this market, even easier to wipe out your new account with 50-1 leverage.
Commodities – 10k to get started, long term fundamental drivers based on real supply and demand, easier to trade trending markets and you can choose less volatile commodities. Contract months and rules take awhile to learn but make you a better all around trader in any market. Agriculture/Livestock markets have long term seasonal trends and options allow for reduced exposure.
Stocks – 30k+ to begin as day trader (note I am counting the 25k rule factored in with some padding), little as $500 for a swing trader. Short term volatility can be immense on individuals with earnings, ipo, upgrades/downgrades moves. Fundamentally and speculative driven market. Swing trading can take a long time to become profitable on cheap non moving stocks. Good market for newbie investors thinking about active trading.