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[Sid66]

I tried looking up a guide for trading but I just ended up more confusing than ever so I just posted some questions here and maybe some of you veteran trader can help me out.

-What's the differences between CFD, Binary Option and Day Trader?
-I'm using Plus500, do they charge a fee everytime you wanna make a trade or withdrawal?
-can I buy a stock, and then sell it 1 minutes later after I've made small profit?
-If I have $100 in my account but suffer -$200 loss from bad trade when the market close, does that mean I have to pay $100 to the "seller" (in this case Plus500)?
-In Plus500, there are tabs for "Open Positions", "Orders" and "Close Positions".I understand Open and Close positions but what are "Orders"?

Sorry if my question seems stupid, I'm not intending this to be my main source of income, just trying to make $10-$20 bucks from each trade. I know the risks, that's why I'm just doing it with small amount of money.

 

[ayoubzio]

I do not have very good thoughts about trading,because I have read many reviews about trading online,and were not so positive.you must have a huge knowledge about forex trading it's not that easy , Even experienced traders do not have success always.

 

[Sid66]

I'm not looking to be "successful" in trading, just taking advantage of sudden spike on the market, get that 5%-10% profit and cash out.

 

[Lovely]

I think you should start by using a broker for some initial guidelines before dabbling into it personally
with my little knowledge know needs to know when to invest or buy and when to sell to make the needed profit.just contact a broker and take it up.from.there.

 

[Raj Koduri]

If you want to earn from trading you need to have basics of TA and Financial Markets.

Mainly you have to choose the good broker and Broker who charge low brokerage charges.

Learn Bill Williams indicators.

Binary options are like betting in that if predictions are good you will earn different % if bad you louse whole what you bet.

CFD is future trading in this fixed quantity of pairs of currency allocated by exchanges and margin money is required to trade.

Day trading is trading in Equity and commodities for same day according to the exchange timing you need to close position before exchange is closed.

 

[edwardcloud]

First thing will be to do intensive reading online and in library to learn 101 on trading.

The next thing will be to read up on Technical Analysis to learn chart movement and what does the candle stick patterns represents. This will be needed for day trades and pattern trading. You will also read up on what is Fundamental Analysis on TA. This is for you to invest long term.

You will need to open a brokage account, choose one with a demo account so that you can use it for paper trading.

Keep practice till you are able to make a profit for at least 3 months if you are going for daytrade and 2 years of profit if you want to do investment.

Do not hestiate to keep reset the account if you feel like doing so or when you want to test new stategy

Good luck.

 

[Hipstawannabe]

Rule# 1. Don't get greedy.
Rule# 2. Have an entry and exit plan.
Rule# 3. Trade options.

I have a few options trading accounts. But Robinhood is a good place to start. Free commission, free option trading. It's legitimate. They're a licensed brokerage house.

If you sign up using a referral link, like mine, you'll get a free share of stock. I got Sprint, a friend got Facebook, try it out.

Make sure you use my link. https://share.robinhood.com/chadl334

 

[KarthikP]

I would prefer cryptocurrencies trading instead of stock market. Just buy cryptocurrency like Bitcoin when it's price is less and sell it when it touches all time high or to moon .

 

[Dex Dannie]

I would prefer cryptocurrencies trading instead of stock market. Just buy cryptocurrency like Bitcoin when it's price is less and sell it when it touches all time high or to moon .

I think this is as basic and easy as it gets. It's like the usual everyday buying and selling. You but at a certain price then you sell when it's profitable.

 

[Lam3211]

I was afraid of losing the moon

 

[Wisdom01]

I guess you should try plus500 but when investing ensure you invest a smaller portion to test your strategy and see if you could make profit as well from the trade option you are doing

 

[KarthikP]

I think this is as basic and easy as it gets. It's like the usual everyday buying and selling. You but at a certain price then you sell when it's profitable.

Yeah it is as simple. But it requires more patience. Cryptocurrencies are more of fluctuating in nature , so there is a possibility for us to gain more due to this nature.

 

[Wisdom01]

Yeah it is as simple. But it requires more patience. Cryptocurrencies are more of fluctuating in nature , so there is a possibility for us to gain more due to this nature.

Yeah it requires patience but also luck because the price might reduce and the person been patient might lose some profit ,so its good to get new strategy

 

[Ankitankit]

I tried looking up a guide for trading but I just ended up more confusing than ever so I just posted some questions here and maybe some of you veteran trader can help me out.

-What's the differences between CFD, Binary Option and Day Trader?
-I'm using Plus500, do they charge a fee everytime you wanna make a trade or withdrawal?
-can I buy a stock, and then sell it 1 minutes later after I've made small profit?
-If I have $100 in my account but suffer -$200 loss from bad trade when the market close, does that mean I have to pay $100 to the "seller" (in this case Plus500)?
-In Plus500, there are tabs for "Open Positions", "Orders" and "Close Positions".I understand Open and Close positions but what are "Orders"?

Sorry if my question seems stupid, I'm not intending this to be my main source of income, just trying to make $10-$20 bucks from each trade. I know the risks, that's why I'm just doing it with small amount of money.

I tried looking up a guide for trading but I just ended up more confusing than ever so I just posted some questions here and maybe some of you veteran trader can help me out.

-What's the differences between CFD, Binary Option and Day Trader?
-I'm using Plus500, do they charge a fee everytime you wanna make a trade or withdrawal?
-can I buy a stock, and then sell it 1 minutes later after I've made small profit?
-If I have $100 in my account but suffer -$200 loss from bad trade when the market close, does that mean I have to pay $100 to the "seller" (in this case Plus500)?
-In Plus500, there are tabs for "Open Positions", "Orders" and "Close Positions".I understand Open and Close positions but what are "Orders"?

Sorry if my question seems stupid, I'm not intending this to be my main source of income, just trying to make $10-$20 bucks from each trade. I know the ris

 

[Ankitankit]

Yes ,I think trading is good option for making money online. But for making money you have to be patient and wath market for a long time and understand it's fundamental pillars .I suggest you that you should take help of any qualified broker who has good experience in this stream . Even I also trade some time when I think I have good knowledge of this share.you have to be very intelligent in marketing.

 

[infinitytech]

I tried looking up a guide for trading but I just ended up more confusing than ever so I just posted some questions here and maybe some of you veteran trader can help me out.

-What's the differences between CFD, Binary Option and Day Trader?
-I'm using Plus500, do they charge a fee everytime you wanna make a trade or withdrawal?
-can I buy a stock, and then sell it 1 minutes later after I've made small profit?
-If I have $100 in my account but suffer -$200 loss from bad trade when the market close, does that mean I have to pay $100 to the "seller" (in this case Plus500)?
-In Plus500, there are tabs for "Open Positions", "Orders" and "Close Positions".I understand Open and Close positions but what are "Orders"?

Sorry if my question seems stupid, I'm not intending this to be my main source of income, just trying to make $10-$20 bucks from each trade. I know the risks, that's why I'm just doing it with small amount of money.

The idea and experience of trading only comes with practice and good focus on market,so I recommend to open a demo account and then practice the trading!

Thank You

 

[Ewogboka]

Once you have the basic learning orntips of trading, the rest you will learn while you are in trading proper, you learn from your mistakes, you will learn from people's breakthrough etc.

 

[Ewogboka]

If I am to trade Crypto currencies for instance with $200 I will invest it in 10 different coins possibly $20 each and I will then watch it grow for a while.

 

[Wisdom01]

The basic guidance for trading are as follows: don't be greedy, otherwise, you lose all. Besides, learn the trading technical knowhow. Furthermore, don't trade only one currency because putting all eggs in a basket can lead to massive loss.

Yeah only that most people still don't know that it takes patience and no form of greed to become a successful trader , there are instances like that but having good knowledge before investing is the best

 

[shrey1408]

The basic guidance for trading are as follows: don't be greedy, otherwise, you lose all. Besides, learn the trading technical knowhow. Furthermore, don't trade only one currency because putting all eggs in a basket can lead to massive loss.

I support your last point that you shouldn't invest all in one assest,because you never know the future of that assest or company and if it goes bankrupt,then you will lose all your money!