Hello all I'm Kyle, I am completely new to stocks, I shall be looking to trade within the penny stocks sector. I know the risk of trading and so on, If anyone has any tips feel free to let me know. I will be using the stick threads to get me going. I also have a few questions: 1. What capital should i start with 2. Best brokers for the United kingdom 3. How long will it take me to learn. Thanks, All the best.
Welcome! 1) It takes money to make money. While you can start with any amount, it will be easier to trade with at least $2000+ Example, if you have $100 and try make +10% profit, you get $10, which after fees turns out to be a lot less. If you trade with $2000 and make 10% profit, that is $200. If you start with a small amount, one bad trade will knock you out the game. I should also state that trying to trade with no idea of what you are doing will lead to severe losses very quickly, so you need to paper trade (pretend trade) until such time that you are profitable and ready to put real money to work. 2) Best broker in the UK? Im dont know any personally, but some guy was asking about getstocks.com the other day, maybe take a look there. 3) Learning is an ongoing process that never ends. Start today and get the wheels turning! http://stockaholics.net/forums/educational-videos-and-material.20/
Welcome to the forums. There is a forum to Ask Any Question so make use of that as questions get answered pretty regularly in there.
Welcome aboard Kyle. I would suggest trading what you can afford to lose not saying that you will lose. Concentrate on learning the ins and outs of trading know the fundamentals of the stocks you are interested in. It is a must to learn Technical Analysis and this link by Gil Oren will help you get started. Last tip, is too ease in to your trades as you are new and this is a volatile market, Teach me Technical Analysis! http://stockaholics.net/threads/teach-me-technical-analysis.125/
Hi Kyle welcome aboard look some of this UK brokers and DYOR + DD https://www.interactivebrokers.co.uk/en/home.php http://www.ig.com/uk/share-dealing?...P8HAQ&ef_id=VhtNfgAAAXEgsgAn:20160630063052:s https://www.tdameritrade.com/home.page https://www.barclaysstockbrokers.co.uk/Pages/index.aspx many moon ago I used Barclays broker .. wasn't bad for swing long play but then I found a bit expensive.. tried TDAmeritrade UK was ok until I had many problems... their PR was awful and unhelpful so I closed the acc.. by then I had Etrade with $ account etc... and didn't trade in London any longer look as well this site... it will help you compares the dealing charges and other fees of around 40 UK online stockbrokers to help you find the best stockbrokers for trading UK shares. https://the-international-investor.com/comparison-tables/cheapest-uk-online-stockbrokers good reading ... hope it will help
Kyle forgot to mention this in this thread, look for Firemansam is an English trader (a very nice guy) he could help you regarding UK brokers (send him a PM) http://stockaholics.net/threads/remmy-rare-earth-minerals-plc.449/page-17#post-13716
