Stratergy for a Teen

[liite]

Hello everyone,

I'm 19 and have had a keen interest in Stocks & Shares, (Potentially Forex but it's mind boggling to me!)

I have read a few books regarding trading short term and on the long term. Trouble is they all suggest having (to me) large start up capitals, to which i don't have. Many people have suggested being aggressive and taking more risks at a younger age because there is more room for recovery.

It seems that everyone has a different view! Slow and steady, aggressive and risky.
Basically i like the idea of accumulating wealth and the opportunity to do this full time.

What would you all suggest?

 

[Lord Flasheart]

Hello everyone,

I'm 19 and have had a keen interest in Stocks & Shares, (Potentially Forex but it's mind boggling to me!)

I have read a few books regarding trading short term and on the long term. Trouble is they all suggest having (to me) large start up capitals, to which i don't have. Many people have suggested being aggressive and taking more risks at a younger age because there is more room for recovery.

It seems that everyone has a different view! Slow and steady, aggressive and risky.
Basically i like the idea of accumulating wealth and the opportunity to do this full time.

What would you all suggest?

there are threads for newbies on this site in the tradepedia and elsewhere. take your time and look through them and decide what way you want to go.you can use demo accounts should you so wish or trade with small amounts and small deposits. Look around and ask questions. Most of what byou need is here and the rest is in your mind.I recommend you dont spend money on a course or mentor until you know exactly where you want to go

 

[Masquerade]

Depends how much time you're willing to put into it and what you're doing with your education. All you need is time and patience and small amounts can turn into large amounts.

 

[DashRiprock]

you get in trouble if you masturbate at work, if its on a trading floor or not.

get it out of your system, best thing imo.

 

[Cryptvill]

I'm in the same situation, my plan is to spend some months working - saving money, going through some basic economics classes to understand terminology better, and in the mean time read just about everything I can in terms of books and on here and other sites. Learn learn learn, and then experiment in the markets either with, hopefully, fake money at first some how, or with my real money. I'm in an okay position to accumulate wealth and experiment before I move out for a few years.

 

[Lodian1019]

Hi 5 fellow 19 year olds!!

Ok work&save work&save. I would start sim ming away on what ever floats your boat. Find out what your starting capital is going to be. Find out if your going to be a day trader, long term medium term whatever.

Please DO NOT spend any money on any training its just not needed.

Talk to people, the vast wealth of knowledge collectively even on here could giving you such an education.

I hope this has given you something to come back with. Ask questions its a really good idea to do so.

Lodian