Advice for a beginner?

[Georgii]

There are a number of businesses that you can start and profit in even if its not your heart's truest desire. There are people who go into investment banking, just learn to work hard being an excel monkey, tough it out for a few years and then go do whatever else they want since they have money to spend.

Trading is one of those things that unless you love it to death and are willing to invest years into getting right, you will not be able to make a dime with it. So my advice: try it out if you're curious. But if you find it doesn't light you up with a passion, drop it like a hot potato and don't look back. Too many people have lost a fortune simply because they didn't love it enough and thought they were just going to get a 'return on capital'.

And no matter what you do, treat dad with a ton of respect and always make time for him. He's awesome for helping you achieve your dreams.

 

[murray t turtle]

Dear "Money king"

Have you considered investing in the stock market?
Twitter is now in it's lowest low of all times, the stock is worth less than $20... this is crazy and it looks like someone is trying to get Jack Dorsey and he is not doing a bad job...
But, of course, Twitter (i believe) and especially Jack, will not let that happen. I am buying Twitter's stock like crazy, i think it will jump like a Christian running from ISIS in a few months!

Let me know what u think!
.S.

Good points, like most of this thread.
FOR SINGLE STOCKS, fine, just position size it like Citigroup is 1 or 30 in DOW, or BAC is 1 in 500.Oops..... well they kicked Citigroup out of DOW-DIA. Sure i know the arabs bough Citigroup all the waaaaaaaay down. Some Christians, or commen sense people, or Jews dont run; thats what JPFO is all about.IBD[investors business daily compares trading-investing to medical school..... Hi school. college, med school, lo pay residency.....................................maybe big bucks finally]Amen ; wisdom is profitable to direct

 

[Javier]

I had been 5 years studing some of your goals.
Cryptocurrency: is a high smashed bussiness. There is also a hugh risk when you have mined (with a proper hardware), some currecy money that your currecy sell price is 0 couse the currenct dies. In addition to this, usually electricity wasted is higher than the benefit even with the proper hardware. Even the most famouse cryptocurrency "bitcoins" was hacked ago and the value becomes from 400 to 1 extremly fast. there are also cryptofarms, wich means there is a probability that if you rent a miner, or maybe into a pool is possible (depending on the pool) that you receibe a little piece of money. (but remember even in this case maybe you dont have profit)

Making money trading from a capital: what I know right now is, if you have no clients, is extremely difficult to make money unless you have a hugh capital.

I have to correct some terms. Maybe cryptocurrency is the best investment due to their high volatility. I have learnt that there are many (some death, other alive).
About trading en general you need to invest a lot to have nice returns but keep in mind that those returns will always be much higher probably that any bank interest rate. So trading is still a good investment (or at least much better than tradicional investments from my point of view).