As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.
I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis
Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.
$500 is a good amount to start with. You are going to trade because you want to grow your funds quickly. It is very risky to raise money by trading in early stages, where you can lose your money very quickly. But you can certainly earn money by trading, but in that case you must have a basic understanding of the market, you have to get a lot of knowledge about the market, you have to master the dynamics of the market. Even if you have an idea in the initial stage, you cannot easily earn money by trading, so you need to have a lot of time and patience. Always trade with the money you keep as spare.