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RE: (VIDEO) Markets Are Upside Down: Updates On Stocks, Bonds, Gold, Silver, Crypto, MORE! By Gregory Mannarino

in #money7 years ago (edited)

Start with paper trade and see how it goes for you. Especially if you are new with trading. Expect you will lose most of your money at start. That's why it is better if you paper trade. (pretend to trade)

Also, if you are new, don't start with options. Start with the stocks. With stocks you only need to correct about the direction (will go up or down?) with options you need to also be correct about time. If you bet correctly with options, you get correct directions, but you get timing wrong, you will be able to say "I was right I knew it will go there..." but still lose money.

Lastly, options are leveraged. Stay away from leveraged securities until you start making consistent profit. Only then you are allowed to leverage up. Ignore this as beginner and you will just lose money quicker.

P.s.
Markets are rigged, you will be swimming with sharks and everything is set against you, don't forget that. Don't enter with the mind how much you can make, but how to prevent to lose too much. Just paper trade, have fun, research different strategies from the internet, play around, test them... with paper trades.

P.p.s
If someone offer you "service" to help you trading by selling you his/her service, often, this service is his/her main source of income, not trading, think about this

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