I really want to be a trader, but IDK if learn about forex or stocks and options.. Can some of you tell why you trade forex and not stocks or options please? I've read comments here about options some people say that I better put shoes and run away from them hehe why? Any path I chose I know will be large and no quarantee of success but I want to chose what to learn first sorry for my chinese english I'm not native speaker
Learn about the basics of investing first. Trading is not like a pachinko game where you select the machine with the brightest lights. Each of those products have different uses and you select those products based on many different reasons. I saw your request for book recommendations. That's a good start. You seem to be starting from zero. Please don't blanket the forum with multiple starter threads. You will get more responses that way.
I would suggest you start with the thing(s) that seem "easiest" to you and should you succeed, enhance your trading. trading is one of the most difficult endeavours in life and you must be willing and dedicated to learn and invest many months, probably years, of your tile until you'll see (constant) success. nevertheless, I'm happy every day to be a trader all of the basic information that you need for trading you'll find on the internet for free. but please don't believe everything you read. 99% of people writing about trading are not *succesful* traders, they just want to sell their information (blogs, courses, trading rooms,...) the most important part however is to rethink all the information yourself. you must to work with charts, reproduce the information you've read and think about your own ideas and strategies and their implementation using the charts. I'll give you some tips for a quicker start now - to most people (including me) stocks and stocks indices are a lot easier to understand/follow/predict than forex. in your place I'd go for the stock indices now, especially Nasdaq and SP500. - forget about options now. options reflect an *underlying*, for example a stock, index or forex pair. the advantage of options is to give you leverage. you should however now focus on your trading strategy and it's easiest to trade the *underlying* itself (the stock, forex pair,...). feel free to ask if you need more info And I completely second xandman.... start by investing, not by trading. your easiest and best investment would be to buy an ETF on a stock index (eg QQQ, DIA), take you savings and re-buy the same ETF every month and watch it grow over decades. if you're comitted to finance, you can also try exiting at the beginning fo the next stock market crash, but don't forget to re-enter when it's over. but i understand you, investing is boring good luck
Currency Option Trading There are two types of options primarily available to retail forex traders for currency option trading. The first is the traditional call or put option. The call gives the buyer the right to purchase a currency pair at a given exchange rate at some time in the future. The put option gives the buyer the right to sell a currency pair at a given exchange rate at some time in the future. Both the put and call options give investors a right to buy or sell, but there is no obligation. If the current exchange rate puts the options out of the money, then the options will expire worthless.
Options are stocks require more margin (your money) because brokers offer max 1:50 leverage for them. If you want exchange-traded options or stocks prepare to go through the signing of a bunch of different US forms and other hassle. It's easier to trade those through CFD (lurk wiki for definition), cuz you need less money there, leverage is pretty high but still adjustable. You just betting on difference between start and end prices but get the same profit
I had less knowledge about stocks it is a business of rich people. In option we are bound to work on several rules. In forex we had full freedom of work what we do its results are very quick .I like forex because of this that I can work with less money . I can trade any time when I am free . I feel easy with forex trading and it is giving me good earning.
I also prefer Forex than options trading because I Don't know how a binary broker earn money per client transaction. While in Forex, it's clearer. But many brokers (Alpari, HotForex) are providing both Forex and options trading, if they do good at Forex, they could do the same thing at options.
I wonder what happened to past traders of alpari UK (its kinda our of topic sorry) but yeah I still think im a forex guy though im keeping my options open for option trading.