Looking to trade part time from home ?

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hendy1992

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Hey guys

Basically I'm 19 and not in the best job I earn round a bout £1000 per month if I'm lucky , basically I've always been interested in being a trader ever since I was little so what I'm looking to do is invest about a quarter of my monthly income.

I have a bonus from work of around 500 this month then I'm looking to invest a further 250 per month into my pot, I have no rent to pay atm and no outgoings other than taxis to and from work. What I'm looking to get out of trading is to learn it grow my pot and eventually do it full time from home.

Just got a few questions ?

In your opinions what would be the best thing to trade for a newbie? Forex, futures etc ?
Is my 500 start up enough as I'm looking to start on a small scale learn then invest more ?

Any help would be much appreciated and I am grateful for any response

Thanks in advance :)
 
hendy1992 said:
Hey guys

Basically I'm 19 and not in the best job I earn round a bout £1000 per month if I'm lucky , basically I've always been interested in being a trader ever since I was little so what I'm looking to do is invest about a quarter of my monthly income.

I have a bonus from work of around 500 this month then I'm looking to invest a further 250 per month into my pot, I have no rent to pay atm and no outgoings other than taxis to and from work. What I'm looking to get out of trading is to learn it grow my pot and eventually do it full time from home.

Just got a few questions ?

In your opinions what would be the best thing to trade for a newbie? Forex, futures etc ?
Is my 500 start up enough as I'm looking to start on a small scale learn then invest more ?

Any help would be much appreciated and I am grateful for any response

Thanks in advance :)
Click to expand...

Probably best to cut your teeth on index's. Ftse-Dow etc which you can trade or adjust positions around work times. It's important to stay working as well...gives you options and keeps you grounded.

With a 500 quid pot i'd say SB where you can deal in 10p -50p / point. Look for the relationships between the index's and whatever you do, keep stake sizes to the absolute minimum. At this stage, and probably for a long time, you should not concentrate on the monetary gain aspect of trading, but care more about the exposure and lessons learned via experience. Write things down as they happen, which you can then reflect upon later. This will help you on your trading journey.
 
Hey Hendy,
Looks like we're in a similar situation.
I'm 22 and just graduated from uni and decided to try trading from home.
I'm currently trading using the money that I've managed to save since I was your age, whilst working a night job to support myself during the first few years during which I wont be taking money from the fund.
Advicewise I can only suggest that you try to learn as much as possible from as many different sources and keep what works for you whilst discarding what doesn't. There is alot of rubbish out there but also alot of people who genuinely know what they are talking about.
Too much knowledge can be dangerous if you don't know what to do with it but if your smart and know how to separate the good from the bad you can do well. Keep saving and working at it.
Keep us updated on your trades (good and bad). Would be great to know how things are progressing
 
hendy1992 said:
In your opinions what would be the best thing to trade for a newbie? Forex, futures etc ?
Is my 500 start up enough as I'm looking to start on a small scale learn then invest more ?
Click to expand...

Starting small is a VERY good idea. You're going to make mistakes - probably loads of them - as you learn, so might as well keep the damage to a minimum during that process. Keeping putting the money aside as you plan, but don't put it in the market until you've established a pattern of consistent successful performance.

As for markets, futures is out because of your low capitalization. Spreadbetting is an option. So is forex if you go with a broker who allows for micro lot (or smaller) position sizes.
 
Trade energy, gas and oil after work. They are very volatile and are open in the evening. As you will be at home consider using stops to enter trades. This levels the playing field with the robots.
 
6 months later how is your trading? Are you trading?
I'd have suggested trading Options an ETF due to the low start up, as it just means small profits.
 
A lot of people die during this phase, only the ones suffering from this process can be alive.
Hope you can be this one.
 
? It provides an example of one particular approach - with updates on the progress of that approach. It's been running 7 months but echoes an approach that has worked well for me. I am now into my 15th year of trading for a living since quitting work.
 
PurplePerson said:
? It provides an example of one particular approach - with updates on the progress of that approach. It's been running 7 months but echoes an approach that has worked well for me. I am now into my 15th year of trading for a living since quitting work.
Click to expand...

Oh, so its not your site then..your not just trying to get traffic to your own site, it just happens to mimic your own strategy...clearly my error then :LOL:
 
Hi guys, I trade for one of the most important trading firms in London. We are looking to expand our team looking to train traders around the world. You will have the choice to either trade from home (connecting to our networks via VPN) or trade from our trading floor in the financial district of London.
To join our team a CV (Resumé) will be required followed by an interview. You will start with up to $1,000,000 in funds. You will have to fund your account with at least $15,000 as initial margin. You get to keep between 70% and 90% of your profits after costs. We are members of all the major exchanges therefore we have direct access to the markets and have very low commissions.
If you have more questions please PM me. Thanks.
 
tradingopportunity said:
Hi guys, I trade for one of the most important trading firms in London. We are looking to expand our team looking to train traders around the world. You will have the choice to either trade from home (connecting to our networks via VPN) or trade from our trading floor in the financial district of London.
To join our team a CV (Resumé) will be required followed by an interview. You will start with up to $1,000,000 in funds. You will have to fund your account with at least $15,000 as initial margin. You get to keep between 70% and 90% of your profits after costs. We are members of all the major exchanges therefore we have direct access to the markets and have very low commissions.
If you have more questions please PM me. Thanks.
Click to expand...

What's the name of this important trading company?
 
tradingopportunity said:
Hi guys, I trade for one of the most important trading firms in London. We are looking to expand our team looking to train traders around the world. You will have the choice to either trade from home (connecting to our networks via VPN) or trade from our trading floor in the financial district of London.
To join our team a CV (Resumé) will be required followed by an interview. You will start with up to $1,000,000 in funds. You will have to fund your account with at least $15,000 as initial margin. You get to keep between 70% and 90% of your profits after costs. We are members of all the major exchanges therefore we have direct access to the markets and have very low commissions.
If you have more questions please PM me. Thanks.
Click to expand...

So if we give you $15,000 up front you'll give us a $1 million trading account? Are you also a Nigerian Prince by any chance?
 
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