Any of you lot trade?

Do any of you lot trade on a demo account or real account - forex, bonds, stocks ect? I am 15 and I use TD investing to spread bet, hardly anyone I know does it.

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Reply 1

fuzznbass

I've dabbled on a forex simulator, however I mainly stick to investing stocks on a simulator

Reply 2

Manitude

I've seen a few people talking on here about trading for university money on forex. I looked into getting a demo account for it once, then quickly decided that I don't know enough about these things to really stand much of a chance.

Reply 3

fuzznbass

Original post by Manitude

Yeah forex seems a lot to take in , you can be a bit :s-smilie:

Reply 4

mucgoo

Its a zero sum game with the platform charging fees so you can expect negative returns. Don't do it.

Reply 5

tjjohnson3

Original post by mucgoo

Its a zero sum game with the platform charging fees so you can expect negative returns. Don't do it.

Tell that to warren Buffett

Posted from TSR Mobile

Reply 6

SubAtomic

Start with a forex micro account, trade what you don't emotionally feel, when you are up using whatever method works for you then move up a notch, if you feel emotional then go back down, all can be done using a micro account trading micro lots, increase size within the micro account when feel ready decrease if find really wasn't ready.

Micro is the only way to start. Demo is pretty pointless other than for testing strategies, you will only learn from losing real money. And micro forex needs minimum funding. Stocks are expensive, need a fair bit of start up to even get going.

Never ever trade uni money! Trade what you can afford to lose.

(edited 11 years ago)

Reply 7

mucgoo

Original post by tjjohnson3

Tell that to warren Buffett

Posted from TSR Mobile

He most certainly does not day trade on forex.
I think he's done some currency speculation but over year periods.

Reply 8

Frube

I looked at starting Forex and the more I read into it the more I realised its pretty much just gambling. You might as well head to the bookies and have a fun time.

Reply 9

Lenry

Used to do spread betting on currencies, commodities and individual stocks but got fed up of the slow platform and ridiculous spreads + commissions.

Reply 10

tjjohnson3

Original post by mucgoo

He most certainly does not day trade on forex.
I think he's done some currency speculation but over year periods.

Never did I say he did, he is a value investor in stocks and was a bond trader, I have read countless books on the man, I know my Buffett

Reply 11

tjjohnson3

Original post by Frube

I looked at starting Forex and the more I read into it the more I realised its pretty much just gambling. You might as well head to the bookies and have a fun time.

Not sure what you are reading, it's political effect and current affairs into play

Reply 12

tjjohnson3

Original post by tjjohnson3

Tell that to warren Buffett

Posted from TSR Mobile

Why did I get 2 negatives on this? The man is a self made billionaire value investor? - I never said he spread bets, but he certainly invests.

Reply 13

sazzabazza

I used to collect Pokémon cards if that counts...

Reply 14

mucgoo

Original post by tjjohnson3

Never did I say he did, he is a value investor in stocks and was a bond trader, I have read countless books on the man, I know my Buffett

Well you implied that he did Forex's day trading style stuff given the context. I'm sure if it had opportunities for profit he would. It doesn't.

Original post by tjjohnson3

Not sure what you are reading, it's political effect and current affairs into play

Which everyone else is also watching. Trying to second guess the markets reactions is gambling.

Reply 15

Lenry

So does anyone else actually trade real or demo? And if so what markets, instruments and style etc.

Reply 16

Robbie242

I share international trade relations with drug cartels and I Investment 2billion pounds everyday into them

Reply 17

Tbx

Original post by tjjohnson3

Do any of you lot trade on a demo account or real account - forex, bonds, stocks ect? I am 15 and I use TD investing to spread bet, hardly anyone I know does it.