Beginning to Trade

zeakman's picture
Rank: Senior Chimp | 25

Hi I'm just wondering how to start trading, I read bondarb's post on futures but thats for people with access to interactive brokers, I've never traded before and I'm currently in a sophmore in canada. would I be only able to trade equities in my position? and is it a good place to learn the ropes for other products?

Comments (3)

Dec 27, 2010

Why don't you open a paper trading account for like 3 months, make sure you know what you're doing, and then trade your own money? IMO, unless you have like at least $5K it's not really worth it because commissions will eat into your profits too much and/or you'll have too few positions and a very low portfolio turnover.

Dec 28, 2010

do you want to "trade" as in speculate as in you turnover your positions frequently?
or do you want to invest?

Dec 28, 2010
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