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?
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%
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.
Watch this video if you're serious. http://www.elitetrader.com/vb/showthread.php?threadid=94538 It's reality.
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?
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?
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.
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.