A little update: I've immediately and carefully decided to continue pursuing my career in aviation and out of nowhere, within 2 freakin days I already have an ojt, and I also decided to continue learning about forex market for an extra income. Thank you so much to everyone who gave me insights and advice!! It really helped me think more outside of the box and consider things that I haven't considered before!! Keep safe to all! I am 22F, still don't have any first job and it kills me. So here's bit of my timetable: graduated march last year and spend months after reviewing for my board exam. Nov 2019, pumasa naman but I haven't planned anything forward from that point, because lowkey hoping my father would grant me his floating promise for me that if I could pass my board exam, pag-aaralin nya ako sa flight school wc is my biggest dream. He said yes..... but the money he had would first be used by my older sister (for her nz show money and stuff) so I was left waiting (but now not hoping). I decided to apply for a job pero jobs in our industry were first given to those with referrals.. or maybe I'm just not qualified enough.. So I end up studying again with a program aligned with my career pero boom covid naman. Bagsak industry. Tried to apply for online jobs pero they don't accept my application because of our slow internet connection na tinatry namin ipa-upgrade pero still waiting for 3months and counting na (is this a valid hardship lol?? :( ) Now I'm studying stock and forex market. I've finished most of the studying but now I can't help but to think of it more as, like, gambling and can't really tell if this could be a valid first real job where I could get income from kasi you would, most likely, also lose money because risks, right? I haven't even started trading real money yet because the funds will come from my father, and this, again, made me feel like I'm a burden (more like palamunin) in this house, like I'm 22?? Shouldn't I be working now..... I can't help but compare myself to my friends who works their asses off and earn 5 digits while here I am eating off of my parents' monies.. I'm really torn because I don't know if I should still hold on to my past industry which, as of the moment, is still trying to regain strength or move on and invest my time more on trading now and try to make it as my main source of income. Hoping for more insights. Thank you so much.
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Hi all, Background For a while now I have been looking into Forex trading compared to other markets for the following reasons:
I am still in high school, so I do not have a lot of time to spend looking at markets.
I don't have a lot of capital - probably just looking to hit minimum for a brokerage.
I want to be able to get in and out of a trade quickly, so that trades are not hanging over me when I'm trying to study.
Forex to me seems to be the best option, and I can primarily focus on technical indications (not discounting fundamentals of course). I most likely will only have around 1-2 hours a day to trade + weekends. Looking to trade on 5 min - 30 min time scale, and some longer term trades, holding for a few weeks. Living in NZ, there are not many solid online Forex brokers, and what seems to be the best one here (CMC markets) appears to have issues with stops not being filled, and other fundamental issues with their platform. Low cost, good software and professionalism is what I'm looking for. Will paper trade for 3-4 months to establish that I can actually do it, but I want to be able to learn and trade using the platform that I will go live on. Brokerages Looking at the FAQ here, and browsing the web, Interactive Brokers seems to be the most professional and upfront brokerage that I have seen. However, I understand that it is not that easy to learn how to use their software, so the barrier for entry is high. So my question is,
Is Interactive Brokers too hard/too complicated for a beginner? Or are other brokerages better for my needs?
Cost, platform and scaleability (eg News feed additions and more advanced tools) are key points for me. I also like the idea of having one account that I can trade stocks with as well through IB. Not sure how good IB's tutorials are for learning their platform. Sorry for such a long post but, you know, education is everything!
However, New Zealand has its individual rules and regulations regarding Forex trading and you’ll have to do your homework in advance – to learn more about them, to be aware what you can do and what you cannot do, to be extremely attentive for the details and brokers here. There are many options for trading Forex in case you are based in New Zealand. What really matters is choosing a method ... Need independent information and tips on Forex Investment?Then we can help. At invest.org.nz we have sourced out information and tips on Forex investment in New Zealand.. Our aim is to provide you with free and independent information that will help you get started with trading in Forex.We have free video tutorials on Forex trading, how and where to trade in Forex in New Zealand and much more. Stock trading is more at risk of gaps than forex trading. Gaps occur between trading days, and it’s not uncommon for stocks or stock indices to “gap” higher or lower several percentage points in the opening minute of trading. Gapping makes stock trading more volatile and unpredictable. Though gaps can occur in forex trading when markets ... You will learn all the key terms and concepts that you need to begin in the world of trading. Let the Trading Begin. Text books will only get you so far and you will reach a point where there is no better way to learn than “to do”. In this lesson, we will show you how to navigate your very own demo trading platform and to start practicing ... “I first started trading during the formation of the dotcom bubble. I took $90,000 to over $600,000 in a very short time. I loved The Best Step By Step Guide To Learn Forex Trading Per Principianti everything about the stock market. I went to any class I could find, The Best Step By Step Guide To Learn Forex Trading Per Principianti Forex trading courses can be the make or break when it comes to investing successfully. Read and learn from Benzinga's top training options. Home Forex For Beginners Best Platform where I can learn forex trading step by step Best Platform where I can learn forex trading step by step . February 17, 2020 admin Forex For Beginners 0. Previous. LIVE Small Account Day Trading Stream! Plus Stock Market Scanner (Trade-Ideas) Next. General Motors to wind down Australia, NZ operations, sell Thai plant to Great Wall By Reuters. Be the first ... Learn Forex Trading Browse the articles below for an introduction to FX trading, including practical advice on how to become a forex trader and first-hand accounts from market practitioners. 1 Forex trading for beginners can be difficult. In general, this is due to unrealistic but common expectations among newcomers to this market. The first question that comes to everyone's mind is: how to learn Forex from scratch? Don't worry, this article is our definitive Forex manual for beginners. Trading terminology made easy for beginners ... From trading strategies to financial news, company announcements and market activity, staying up to date with anything and everything related to your planned trades and the share market in general could help increase your levels of success. There are also plenty of courses you can take to learn the ins and outs of online trading. Make sure you ...
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