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/biz/ - Business & Finance

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23036132 No.23036132 [Reply] [Original]

how do i get started trading?
is $2k enough to get started?
i am a total novice, i don't even know what a stock is and i don't know what i need to know to begin

>> No.23036254

If you only have 2k it's better for you to get into crypto rather than with stocks. And if you don't know, you'd better at least watch YouTube videos like short summaries of what a market is or what determines supply and demand. The basic stuff

>> No.23036491

Do you understand any subject, field or industry? To make money buying financial assets (stocks, contracts etc) you need to be able to anticipate where value will be and buy a piece before it realises that value. I'm a beginner too and only playing with basic assets. The complex leveraged stuff is way too tricky and dangerous for a beginner.

>> No.23036505

>>23036132
avoid stocks, they're retarded and fake

>> No.23036550

>>23036132
don't listen to /biz/ for one. Do you have any financial knowledge?

>> No.23036661

>>23036132

Basically, you buy crypto in hopes that it's worth will increase. Then you sell it. Or you hold for a very long time.

The value of crypto is derived specifically from how many other people are purchasing/selling the crypto and for how much.

>> No.23036714

>>23036491
>basic assets
what are these, just stocks?
>>23036550
>Do you have any financial knowledge?
not really. i just contribute to my 401k

>> No.23036802

>>23036714
Contracts for difference, options ETFs all being complex.

I'd call stock, resources (metals, land/property, collectables) and bonds all simple investments

>> No.23037255
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23037255

>>23036132
Do the needful

>> No.23037909

>>23036132
Do yourself a favor and read a bunch of shit on Investopedia. It will teach you the vernacular and basic operation.

>> No.23037966

its ok anon just buy low and sell high most of niggers here dont know what the fuck they are doing anyway, crypto is just a big casino if you will.

>> No.23037974
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23037974

>>23036132
The worst thing you can do is spend a good chunk of that on txn fee when you trade with projects on Eth. Be a smart guy and put all of that in Radix's sale which will be happening in the next few days

>> No.23037994

>>23036132
1000 into btc 500 into eth and 500 into xrp, medically induced coma until 2023

>> No.23038124

>>23036132
pongo

>> No.23039249

>>23036132
research VRA