What Is the Best Thing to Trade for Beginners? (Please Help)?
Sunday, August 23rd, 2009 at
1:40 am
William M asked:
I will be 18 soon and I am looking into trading CFDs (Contracts for Differences), in which you can trade on lots of things with them. I have been looking into various choices of what you can trade with them, and they include Currencies which the leverage can be up to 1:200, Commodities, i.e wheat, grain & precious metals etc which the leverage can be up to 1:20, and shares which have a leverage of 1:10. I would like to know which one I should go for as a best option as I want to become a millionaire out of whatever I choose, so please help me choose the best option to earn best answer.
I will be 18 soon and I am looking into trading CFDs (Contracts for Differences), in which you can trade on lots of things with them. I have been looking into various choices of what you can trade with them, and they include Currencies which the leverage can be up to 1:200, Commodities, i.e wheat, grain & precious metals etc which the leverage can be up to 1:20, and shares which have a leverage of 1:10. I would like to know which one I should go for as a best option as I want to become a millionaire out of whatever I choose, so please help me choose the best option to earn best answer.
Tagged with: Contracts • Millionaire • Precious Metals
Filed under: Commodity Trading
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Talk to 10 experts and you’ll likely get 11 answers. The volatility will be an important factor to consider, as each will be affected differently depending upon conditions in the economy. How much are you willing to lose is another consideration?