Before i start, here is my background info:
1 - start up capital = £1000 - i want to get into this as a hobby, to see if i can succeed, not as a means to "get rich quick"
2 - willing to lose 2% per trade. I know this is high with the usual "expose to 1% of capital" idea, but 1% of £1000 isn't much. I know to expect far more losses (or almost nothing but losses) starting out, but i also am not risk adverse - i won't just blindly back something without doing a proper analysis of it, and i'm open to taking a hit on something if i can also make the return back elsewhere.
3 - i have about 4 hours/day total time, including prep/analysis - 7am-9am and 5.30pm-7.30pm. I could probably get another hour in in the evening for analysis/next day prep. I would have access at work, however, i am not able to sit here monitoring on a minute by minute basis. Couple of checks on prices every hour most likely. Weekends are free as i please.
4 - what i want to get out of it - firstly, see if i can suceed at something that i've always been interested in, but never involved with. My dream would be to be successful enough to gain a new way to make a little money from something new and exciting. I want this to fit around my day job.
As i'm just starting out - or not even starting, more looking to work out HOW to start out - any advice and info from you guys would be appreciated.
Many thanks.
1 - start up capital = £1000 - i want to get into this as a hobby, to see if i can succeed, not as a means to "get rich quick"
2 - willing to lose 2% per trade. I know this is high with the usual "expose to 1% of capital" idea, but 1% of £1000 isn't much. I know to expect far more losses (or almost nothing but losses) starting out, but i also am not risk adverse - i won't just blindly back something without doing a proper analysis of it, and i'm open to taking a hit on something if i can also make the return back elsewhere.
3 - i have about 4 hours/day total time, including prep/analysis - 7am-9am and 5.30pm-7.30pm. I could probably get another hour in in the evening for analysis/next day prep. I would have access at work, however, i am not able to sit here monitoring on a minute by minute basis. Couple of checks on prices every hour most likely. Weekends are free as i please.
4 - what i want to get out of it - firstly, see if i can suceed at something that i've always been interested in, but never involved with. My dream would be to be successful enough to gain a new way to make a little money from something new and exciting. I want this to fit around my day job.
As i'm just starting out - or not even starting, more looking to work out HOW to start out - any advice and info from you guys would be appreciated.
Many thanks.