The Question is where...?

[prophett]

Hey Guys,

This my first post here of hopefully many to come.

I have always taken an interest to trading from a fairly young age and have always aimed to work for an IB and am still on that path. I am currently at Uni but want to get start trading.

Apart from the run of the mill advice that i have seen posted on the forums for newbies, my question comes from the angle of where to start.

I'm interested in both Stocks and Forex, and obviously can only focus one! Forex has captured me a little more due to the immense liquidly and volatility, there is always something happening. On the flip side the the massive number of fundamental that need to be taken into account, and should therefore look focus my efforts in the stock market.

Although i do feel more drawn to the forex for whatever reasons, should i let myself move that way and fully focus on the forex.

Just a nothing consideration to take into account, i am not going to be starting with massive capital, more on the small side. So please take this into account.

Also on a side note, i am looking to get a summer internship so further my CV and experience and would like it to be as trading based as possiable. (Getting paid anything is a just a bonus)

Thanks,
prophett:clap:

 

[shadowninja]

They say he has hands made of bananas... oh, hang on, that isn't what I meant to write.

They say forex is the hardest to trade so make of that what you will.

 

[KillPhil08]

I heard it was the easiest...

 

[prophett]

Everything in life is easy if you know the answer.

But joking aside, is the forex a much more unpredictable, volatile and therefore risky place for a beginner to start?

Im not here to try and make a quick buck. I'm here to learn and in the end result gain the tools and knowledge for long term successful trading.

So am i making a dangerous move by aim to learn how to trade in the forex? Or am i just as likely to succeed?

 

[shadowninja]

Ok, the reason, I was told, was that forex has no measure of volume. Stocks have volume.

 

[Rhody Trader]

I'm interested in both Stocks and Forex, and obviously can only focus one!

I would suggest that you could in fact trade both, but not if you're intention is to trade both short-term. That's going to be asking too much as you learn and develop. If you were to trade forex short-term and stocks longer-term, however, you could probably pull it off. This is expecially true if you're technically focused. If it's fundamentals you favor, though, you're likely best off sticking with one or the other.

 

[new_trader]

Stupid Question

But joking aside, is the forex a much more unpredictable, volatile and therefore risky place for a beginner to start?

Why do people of ANY level, experience or knowledge think that this is a reasonable question??

If there was an easy way to make money E-V-E-R-Y-B-O-D-Y would be doing it

 

[wouste]

Everything in life is easy if you know the answer.

But joking aside, is the forex a much more unpredictable, volatile and therefore risky place for a beginner to start?

Im not here to try and make a quick buck. I'm here to learn and in the end result gain the tools and knowledge for long term successful trading.

So am i making a dangerous move by aim to learn how to trade in the forex? Or am i just as likely to succeed?

Well I strongly believe it isn't the easiest market to start trading, but once you find a system or strategy that suits you well, you'll be able to make good cash.
My advice to you is start small (if you have enough funds) and grow bigger if you think you found a good opportunitie...