Here is what I wrote as a recommendation regarding Trading:
Before you start you've got to read the following books:
http://bclund.com/2012/03/13/20-books-ev...ould-know/
Most of these books can be bought at a pittance used or are even available in public libraries.
Then afterwards you have to find the trading style that fits your personality. Also after going through the books you will know much better, whether you have the ability to be a successful trader at all. 98% of people are not. You should not forget that you are trading not only against your own psychological nature, fears as well as the best and the brightest in the country on Wallstreet as well as plenty of automatic trading systems. The environment has become more difficult than ever. Though - to be fair, the competition is not in the form that anyone things of. 95% of Wallstreet traders would not be able to make money on their own. In effect your biggest competitor is yourself and your psyche, the market itself and your ability.
Thus after reading the books and some self-assessment you open an account and do plenty of virtual trading - many companies now offer those trial accounts. If you are somewhat successful, then you start with real life trading risking only miniscule amounts. 2.000$ is only enough for CFDs. And even then I would not risk more than 20$, which can be leveraged 10-100x depending on the instrument. Most long-term successful traders risk 1% of their equity in one trade, since trading is a high-stakes probability business. Depending on your personality it can be highly profitable or give you a solid income of 10% per annum. You will not be able to bend yourself to anything that is against your nature - meaning your personality and aptitudes will dictate what and how you trade best.
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Whether you trade Forex, stocks or commodities does not matter so much. The basic Trading ability is the same, but the capital requirements and speed are different, in order to have money-management & risk in control.
Also don't start trading before having read at least the Market Wizards series as well as the basic stuff regarding money management & some technical analysis. Next is virtual trading - when you make money off that, you start risking real capital - with Forex you can even start with 1000$ - if you can't make money off that, then you don't need to start with 100.000$.
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If you don't plan to make Trading your expertise or job, then it's better to just cherry pick good funds.
But even if you do that - reading those books will be helpful nonetheless.
Before you start you've got to read the following books:
http://bclund.com/2012/03/13/20-books-ev...ould-know/
Most of these books can be bought at a pittance used or are even available in public libraries.
Then afterwards you have to find the trading style that fits your personality. Also after going through the books you will know much better, whether you have the ability to be a successful trader at all. 98% of people are not. You should not forget that you are trading not only against your own psychological nature, fears as well as the best and the brightest in the country on Wallstreet as well as plenty of automatic trading systems. The environment has become more difficult than ever. Though - to be fair, the competition is not in the form that anyone things of. 95% of Wallstreet traders would not be able to make money on their own. In effect your biggest competitor is yourself and your psyche, the market itself and your ability.
Thus after reading the books and some self-assessment you open an account and do plenty of virtual trading - many companies now offer those trial accounts. If you are somewhat successful, then you start with real life trading risking only miniscule amounts. 2.000$ is only enough for CFDs. And even then I would not risk more than 20$, which can be leveraged 10-100x depending on the instrument. Most long-term successful traders risk 1% of their equity in one trade, since trading is a high-stakes probability business. Depending on your personality it can be highly profitable or give you a solid income of 10% per annum. You will not be able to bend yourself to anything that is against your nature - meaning your personality and aptitudes will dictate what and how you trade best.
-----
Whether you trade Forex, stocks or commodities does not matter so much. The basic Trading ability is the same, but the capital requirements and speed are different, in order to have money-management & risk in control.
Also don't start trading before having read at least the Market Wizards series as well as the basic stuff regarding money management & some technical analysis. Next is virtual trading - when you make money off that, you start risking real capital - with Forex you can even start with 1000$ - if you can't make money off that, then you don't need to start with 100.000$.
------
If you don't plan to make Trading your expertise or job, then it's better to just cherry pick good funds.
But even if you do that - reading those books will be helpful nonetheless.