Quote:
Originally Posted by Carl Johnson
I would say your budget it a bit low. A typical trade's commission is like $10 and that would be 1% of your capital if it is lets say $1000. Just know that in trading bulls make money, bears make money, hogs gets slaughtered. If you don't know who the hogs are then it's probably you. Wall Street needs a new batch of idiots every day so they can make their ends meet. I don't want to scare you but the whole system is designed for you to fail. Only the selective few makes it big. That's why 99.5% of population out there work "real jobs" and do not trade because it is simply too damn hard for them.
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Everyone has to start somewhere. He said he's willing to learn.
So really, I'd say keep reading, and trade with a simulator. At the start, I suggest you treat it as your own money (I think most simulators give you ~$100k in "pretend" money.) You'll learn how hard it is to work with only $1000-$1500.
Then once you start understanding the concepts more, start playing with more "pretend" money as if you just took out a loan at the bank.
You'll learn more doing this than anything else. This will force you to read, research, and understand more.