How small are you talking? Penny stock companies? I don't like to hold those because of their extreme volatility. They do make great use for day trading if you have a margin account. I wouldn't use much money to do so. More Often than not, they will take your money. Do so with extreme caution.
Not necessarily. You actually do research on penny stocks. Some people make lots of money on short selling that shit.
all the time and efort ehy put into those could be spent reaping benefits from higher yielding investments.
Well it depends on what you consider high yielding. Short selling has less tax liability and in this strike it rich quick culture its the easy way to do it. I'm a longer term investor, I'll hold a stock for years if I believe in it. I still have an adhesive stock I bought when I was 24 because I believe they'll be big one day and I got them early on. I think too many people just lack patience these days.
I believe in playing both sides of the coin, I want and need money now, so go big, risky, and fast. But, a smart man would also leverage his portfolio naturally, and go another way--usually long.
My part time job at the time, while in school was at a trade desk for an online brokerage firm...yeah, i saw what happened to the day traders. Oh, and don't forget all the capital gains taxes you are gonna have to pay to uncle sam too, on top of the per transaction fees that the brokerage firm is gonna charge you.
The surest way to success that I've personally seen is work for someone else and earn a high salary and live on half of what you earn while you invest in long term sure fire investments and buy some rental properties. It might be a 30 year road and won't have a yacht in your 20s or 30s but you will be a millionaire in your 60s with sturdy assets.
Very interesting guy. I really like his books. http://www.youtube.com/watch?v=8CQ5gJNxsdk&feature=related
By the way, when did you start investing in Forex and how many days before you acquired additional revenue?
If you'd like to, you could signup for a brokerage and do everything to get started on investing with this system. We'll have to communicate on skype since there's a few files I need to send to you but I can't do it on here. Right now it appears that the EUR/USD is trending upward and the system requested for me to place a buy order. The take profit point for that currency pair is 1.46138 (projected to hit), so the account should gain about $10 - $11 early next week.
I would say $100 is the maximum you should put in when you start. Usually, if you start off with less money, you should trade for lower profits, and there would be lower draw down on your account. You could do this by changing the time frame settings in the trading platform. You would also need a VPS (Virtual Private Server) to host the trading platform on.
