Thanks for that very informative answer. I don't really do stocks but am always open to new ideas. Sounds it could be less frantic than Forex....Hi DT5,
The most import tip is to always manage risk, especially when dealing with leverage on instruments like FX and pay attention to margin as it's become more restrictive - and watch overnight positions because SWAPS can eat away at your account. And for these reasons I prefer short duration trades when dealing FX.
The easiest way to make money is in stocks especially buy and hold. Most of the time I keep running positions for 2-4 months, (unless there's a bull run) and then look for other stocks that show promise. A method that I have found profitable and trouble free is splitting equity between many stocks in equal dollar amounts. Example: The total account size is $10K ... so I'd split that amount among 20 stocks allocating $500 per stock. Best is to buy stocks which are trending upwards and carry dividends. And you can leave the account run and add more money to the account (if you've got a day job).
Hope that helps. Feel free to ask questions.