Want to Start Trading

Discussion in 'Professional Trading' started by drwho101, Jun 24, 2007.

  1. drwho101


    Well im 20 years old and i want to start trading. So what advive do you guys have for me? how much should i start off with? how much can you really earn in a year? any advice?
  2. insert


    I will tell you the truth that will definetly seem like a lie

    You can make millions really fast

    but 90 % of all people like you, lose their money and experience depression

    you need to learn WHY

    and what is the difference between those 90% and that 10%
  3. 1. Dont quit your job

    2. Read as much as you can on the subject. Do a search here on "books".

    3. Start trading. That is the only way your going to gain any real experience.
  4. drwho101


    thanks everyone? does anyone have any good books? i understand that im not going to make a million dollars in a couple of months im a very realistic person, but on average what does a good trader make a year?
  5. CTT


    I'd say for the 1st time trader, anything greater than zero at the end of the year would be good.
  6. drwho101


    lol cool cool, so where should i start looking for books? any good books to start reading? i started reading A Beginner's Guide to Day Trading Online (Paperback)
    by Toni Turner

    what do you guys think?
  7. Start doing "paper trades", without real money for at least a year.

    After you have some knowledge you can expect some 20-25% per year with relatively low risk.
  8. i second that
  9. mde2004


    Probably bring in 20k per year easily and upwards of 100k with a few years under your belt. Trade futures and options for the most leverage and get rich quicker.
    #10     Jun 25, 2007