Want to Start Trading

drwho101 · Jun 24, 2007

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?

insert · Jun 25, 2007

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%

cashmoney69 · Jun 25, 2007

Quote from 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?

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.

riaamaan · Jun 25, 2007

Watch this video if you're serious.

http://www.elitetrader.com/vb/showthread.php?threadid=94538

It's reality.

drwho101 · Jun 25, 2007

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?

CTT · Jun 25, 2007

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

drwho101 · Jun 25, 2007

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?

crgarcia · Jun 25, 2007

Quote from 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?

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.

OTCkrak · Jun 25, 2007

Quote from crgarcia:

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.

i second that

mde2004 · Jun 25, 2007

Quote from 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?

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.