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Online trading

  • 18-05-2011 1:59pm
    #1
    meserboyerr
    Registered Users, Registered Users 2 Posts: 3 ✭


    Can anyone give me advice with setting up an online trading account, im 22 and looking to get involved.


Comments

  • #2
    D.W
    Closed Accounts Posts: 218 ✭✭D.W


    What advise are you looking for specifically? Is it to find an online broker to open an account with? Are you looking to trade Forex or other?


  • #3
    meserboyerr
    Registered Users, Registered Users 2 Posts: 3 ✭meserboyerr


    im just looking for any advice you may have , i think im going to open an account, with davys.
    forex is??! i have a few tips living in austalia @the mo and just want to get set up. so if you have any info that be great man.


  • #4
    D.W
    Closed Accounts Posts: 218 ✭✭D.W


    meserboyerr wrote: »
    im just looking for any advice you may have , i think im going to open an account, with davys.
    forex is??! i have a few tips living in austalia @the mo and just want to get set up. so if you have any info that be great man.

    Forex is currency trading-its a $3.6 trillion daily market so by far and away the biggest maketplace in the world. I can't advise on normal shares other than currencies, silver and Gold. However any online trading is HIGHLY risky so be sure to do your homework.Besides the obvious of trying to pick winning trades/stocks you need to ensure you have a reliable trustworthy broker that is offering decent spreads. Many brokers simply are crooks so selecting the right one is vital.

    I don't know if Davys or the likes even offer an online platform?

    I would also seriously suggest that you Demo trade for a significant period until you are 100% happy to go in with real money. Do a lot of reading up, visit reputable forums and don't jump in. 99% of day traders trading forex lose! Normal stocks are not as volatile but there are no safe bets so diligant research is crucial. Money management is the key to thereafter, knowing when to get in and out, setting proper risk/reward ratios etc..

    Good luck if you do decide to dip your toes in the marketplace.


  • #5
    meserboyerr
    Registered Users, Registered Users 2 Posts: 3 ✭meserboyerr


    most appreciated friend ;)


  • #6
    D.W
    Closed Accounts Posts: 218 ✭✭D.W


    No worries-theres a thread with perhaps some good information http://www.boards.ie/vbulletin/forumdisplay.php?f=859


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  • #7
    mac123
    Registered Users, Registered Users 2 Posts: 709 ✭✭✭mac123


    meserboyerr wrote: »
    im just looking for any advice you may have , i think im going to open an account, with davys.
    forex is??! i have a few tips living in austalia @the mo and just want to get set up. so if you have any info that be great man.

    Are you going to do some of your own research on these tips? Dont just jump in and buy because someone said it was a winner!


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