When I turn aged 18, I want to become an investor and try to build a career out of it. I had thought about Options Trading and Forex until I found out that they are only meant for really skilled and experienced investors, and really not for newbies.
I don't want to invest for the long term but more rather the short term. Would something like penny shares be a better option for a new investor? Please help.
You are not 18 yet so you have time to learn about stock option trading.I learned and i would call myself a novice at it.I have lost money but i streamed lined my trading style and only follow stocks which trade a lot of shares but are not big dollars stocks or small dollar stocks.$40 to $200 are ok.Stocks like potash,apple,and goldman sachs work good.Use a direct broker and open a roth ira and a regular account.The roth is your tax free money for retirement and the regular will be your living off money and will be taxed at the end of the year but is better than working for a living.I turned 26,000 into 54,000 in 2 weeks.Just learn and paper trade and when it is time trade with your money.I wish i knew about it when i was young i'm 45.
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