complete noob looking to invest $1000

[m1nt]

Not enough money to trade conventional markets in my opinion. Something like wealthfront/betterment in the US or nutmeg in the UK. The problem with only $1000 dollars is that you'll be eaten alive in commissions, the suggestions above cut out that issue with very low yearly fees and enable a fully diversified portfolio.

If you're interested in a crazy gunslinging world where multiple times your investment can be made then I'd suggest cryptocurrencies. Things like bitcoin and now, etherum.

Check out www.coinmarketcap.com, to get a feel for some of the moves.

He could put it into BitMex and trade micro-sized cryptocurrency futures contracts. If you are US, you have to DL the Tor Browser to get on BitMex. You will probably have more fun going to Vegas though. I'd go with a trip or a LT investment.

 

[Aaron Cole]

I would like to suggest you to go with Binary Options trading with Tradorax. I started trading here before 9 months, earlier I was a sales representative, and I am getting stabled in this market slowly with my own experiences.

 

[qxr1011]

Should I just load up a trade account and buy $1000 worth of stock and go from there? How can you even decifer which actual companies to invest in? Would amazon be a decent choice?

before one decides to sit at the poker table and play a game one should at least learn the rules of the game, right?

based on your questions you do not know even that about the game of the markets

save your 1k, and at first start reading the books on the subject, but keep in mind that no book (and no man) will teach you how to make money

 

[Samuel Clark]

Hello, I am 29 years old. Don't have any stock trading experience but have been doing marketing/internet stuff for my entire life basically. I also play poker professionally (in the sense that I pay my bills with it) so I understand the basic concepts of risk management.

I'm trying to decide what the best way to do this is. Understanding all the different types of things that go into investing and which types of investments I can go with, etf, mutual ect ect.

I guess my actual questions are
Should I just load up a trade account and buy $1000 worth of stock and go from there? How can you even decifer which actual companies to invest in? Would amazon be a decent choice?

Thank you for answering my noob questions. I'm really wondering if profiting 800-1500 a month from doing this is possible.

I wish I was thinking like you when I first started trading... That could have save me so much time and money.
My best advise for you is to really do your research, learn and try a demo account first. Do not deposit more than the min. at your first time!
Educational centers are extremely helpful. Almost every binary option site has one. If you have the patient to sit and learn, you can own this!
I did it after 3 months of really bad trading... I realized something is missing, and my broker back then convinced me I don't really need to know everything there is to know and I can trust him to do the work. Well... I could only trust him to take my money and go....
Careful who you trust, that is also a great advise for a beginner.

Best of luck
Sam.

 

[Handle123]

If you have no knowledge of trading, if you not done sim profitable 18 of 20 days, if you can't read charts like the stats of sports page, and you have that "need" if you don't start trading right now or you going to puke, buy ETF USO and don't look at it for a year.

 

[bln]

$1000 would be enough for trading options spreads. These are directional trades with limited risk. Offers 150-200% return (~1:2 RR ratio).

You can use a screener like http://www.oscreener.com/options_screener to find suitable spreads with good RR.

Otherwise you could swing trade 3x leveraged ETF's on stock indexes, like TQQQ, UPRO and TNA, gunning for multi week moves of 10-20%, which happens pretty often in the indicies. At a discount broker a trade roundtrip costs $2-3 in commish. As your profit per trade is $100-$300 it is ok.

 

[wrbtrader]

Hello, I am 29 years old. Don't have any stock trading experience but have been doing marketing/internet stuff for my entire life basically. I also play poker professionally (in the sense that I pay my bills with it) so I understand the basic concepts of risk management.

I'm trying to decide what the best way to do this is...

You saying you play poker professionally and you're profitable at it.

I have this old saying, stick with poker and that 1k you have...invest it but don't try to trade with it. Keep that investment until you're old, grey, barely able to go to the toilet by yourself and then use it as extra income for yourself or give it to your kids (they'll be adults by then and probably up in they eyeballs with debts) as an inheritance or give it to loved ones as an inheritance...assuming that 1k has grown.

These days, most people do not plan for the future and then when that day arrives...they are in the poor house or forced to work some job next to some smiley face 18 year that sees the job as beer money.

P.S. My mom had 10k in Microsoft when it first started trading. She sold it a few weeks later at a nice profit. It had originally been purchase in that she would keep it until retirement. She kicks herself every day now that she's nearing retirement age...knowing it had spit like 9 or 10 times since its IPO price of $21 dollars.

Yeah, she'll be rich today. Ironically, Bill Gates had a 150k house when Microsoft went public. He sold a little of his stock to pay off his mortgage on the 150k house while others at the same time were selling a ton more to buy million dollar houses. We all know what happen after that and why Gates is now one of the wealthiest people on the planet.

Actually, he's the wealthiest accordingly to Business Insider @ http://www.businessinsider.com/50-richest-people-on-earth-2016-1