Some say you should buy and hold forever.
Theoretically speaking, your strategy should be applicable to a variety of asset classes, so there is a need to choose the specific asset class that you want start with.
Young working professionals, understand the importance of investing but not sure where to begin or confused by all the information out there.If youre getting confused on whether you should take the value investing course or the trading course or some other OP!Others say that's suicide.Conversely, it is also significantly more difficult to conduct effective fundamental analysis on currencies than stocks because of its complexity (you may need an Economics degree for that).As a bonus, I show you a way that you can start investing: 1) With as little as 5000 2) With only 30 mins a year 3) Without having to pick stocks or read pool live tour key financial statements or stare at charts.At age 13, I read the book Rich Dad Poor Dad which planted in me the seeds of making my money work for me through investing.For example, the table above represents only the fees for online trading in Singapore.To open the 2 accounts, all you have to do is to head down to a brokering firm as they will also usually assist you in opening your CDP account.However, the minimum age for most trading accounts is 21 years old, with the exception of poems which is 18 years old.
Timeliness is also another reason; trades in currency tend to be of shorter duration as compared to stocks, necessitating ms office 2008 full version with key more frequency data feeds.
For currencies: I have to admit that my knowledge in currency trading platform is relatively limited.Others say thats suicide.The choice of platform largely depends on the asset class you wish to purchase and their commission rates.Step 3 Choosing your asset class. Some names of the more commonly used trading platforms.I was devastated and vowed to learn as much as I could about investing.Trading in currencies requires a different type of trading platform from stocks as leverage is often utilised.Who is the target audience?Step 5 Review, reflect and learn.We will do a brief explanation for the different platforms for the 2 most popular asset classes currency and stocks.