New to trading
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Thread: New to trading

  1. #1
    Join Date
    Jun 2006
    Posts
    14

    Default New to trading

    In our place we were made to believe that the only good thing to invest is in real estate. However, in this new time, many companies advertise their products and packages to invest in.

    How can I decide on where and how to invest my money? I am a noob to trading, I am not very familiar with forex but know a little, what is your suggestion?

  2. #2
    Join Date
    Jun 2006
    Posts
    29
    Perhaps what you can do is to invest in long term stocks because these don't need much attention although you have to be sure that the companies in which you're investing are doing well by keeping yourself updated. Any other suggestions?

  3. #3
    Join Date
    Jun 2006
    Posts
    18
    I don't go for long term trading/investment because I prefer the short term ones in which your money is liquid at all times and it is easy to know if you're profiting or losing while your money is still low. Long term goes for higher investment and sometimes higher risk too since the money depends on the company where you are investing on.

  4. #4
    Join Date
    Apr 2006
    Posts
    11
    How much hands on are you looking for? Do you want to be in control or have some else do the "dirty"work?

  5. #5
    Join Date
    Jun 2006
    Posts
    31
    As for me, I would like to do this thing myself so that I can learn more. Perhaps if I am going to ask somebody do the 'dirty work', that will be after I have mastered it.

  6. #6
    Join Date
    Aug 2006
    Posts
    9
    That makes sense. After you have mastered it, you can check wheter or not the person is doing it right. I would rather be as hands on as possible since I don't really trust anyone else with my money except for me.

  7. #7
    Join Date
    Aug 2006
    Posts
    4
    If I have the luxury of having someone else do the dirty work then I would do it. But as of right now I can't afford to pay anyone except myself to do it for me. Perhaps when I'm older I'll consider it but y ou just hear so many stories.

  8. #8
    Join Date
    Aug 2006
    Posts
    5
    I like to go hands on all the way. The only person I trust is myself with my money other than that, no. But if I were going to hire someone I would do research on that person first.

  9. #9
    Join Date
    Aug 2006
    Posts
    9
    Just a part of due diligence. Nothing wrong with that. But you can't really do that much research on a person can you.

  10. #10
    LOL Movni, sometimes I don't even trust ME with my money!!

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