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Thanks dalby and keymoo for your information, it is much appreciated. Dalby do you have a story one can learn from?
I believe keymoo you seem to have a good mindset and I strongly believe that you will definilty do well....just that inner feeling telling me.
I was thinking of the same strategy to do paper account trading for up to 1 year until I master some of the arts. Specialise into 1 type of sector, read books, articles synthesise knowledge. Game theory/Risk management seems very important because everyone agrees with that.
How much would one need to actually begin when entry to markets? Spreadbetting and day trading seem like the same thing to me just that day trading you own the shares instead of betting on them, correct me if i am wrong?. Given this.. a good daytrader should make a good spreadbetter?
Any other usefull advice and case study stories would be helpfull guys,
MANY THANKS KEEP UP THE EXCELLENT WORK! |
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Beware of spread betting companies and forex houses. They are a bit like the bucket shops of the early 20th century. They generally (but not always) take the other side of your trade so it is in their interest to make you fail. They have various unscrupulous techniques to do this. The futures market and the stock exchange are heavily regulated and is my preferred approach. I chose futures because of the leverage, liquidity and it suitable my personality.
To trade 1 contract in the futures market you would need no less than $10k.