[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 52 KB, 337x347, 1604740156051.jpg [View same] [iqdb] [saucenao] [google]
27027690 No.27027690 [Reply] [Original]

I've been meaning to get into stocks/crypto/forex trading for ages, but never knew how. I've kept an eye on /r/WSB and /biz/ for a couple years now but never took them seriously. Now that both communities are making Wall Street boomers seethe I gotta get started, but I don't know where or how to start. I tried downloading the Dogecoin Core wallet but I can't make it do anything (as previously mentioned, I'm retarded). Every other aspect makes me worry I'm gonna get scammed or I'm doing it wrong.

Can anyone dumb down the process of getting into stocks/crypto/forex to the most rudimentary level possible so I can work my way up and pay for my uni textbooks and CS:GO skin addiction without needing to become a rent boy?

>> No.27028061

>>27027690
lurk you retard

>> No.27028107

>>27027690
it's way too late to be entering. Wait for a big dip. I.E $900 ETH

>> No.27028190

>>27027690
>I'm retarded and poor
> kept an eye on /r/WSB and /biz/ for a couple years now but never took them seriously
do the opposite

>> No.27028237

>>27027690
buy chainlink sir
$1000 eoy moonshot

>> No.27028529

>>27027690
Buy 50% physical gold and 50% S&P 500, then forget about it

>> No.27029698

You legit won't find any help on here.
Go and look at the catalog
100% Ponzi pump threads

Do yourself a favour and open a practice stock account. Thing long and hard about where you see markets going and invest accordingly.
I'm looking at pharma companies atm. Check what operations and treatment has been delayed by covid. Those people need medication. It's dirty but I would imagine there will be a boom in antidepressant manufacturers.

>> No.27030022

>>27027690
>Can anyone dumb down the process of getting into stocks/crypto/forex to the most rudimentary level possible
Sure.
Stocks:
Get a trader / broker. usually that means a bank or agency. They're the ones actually placing your orders, registering you for dividends etc. Then use their app or website. They usually work like a webshop.

Crypto:
Download a suitable wallet (which one depends on the coin, though many support several coins). Then find someone who's selling, give him your public key and trade.
Or use a trader / broker if you're a retard who wants to have his money stolen by the government at some point, I guess. They'll keep the cryptos in your place, but might not give them back at some point.

Forex:
Same as crypto. Either change physically (safe, but cumbersome) or have a broker / trader do it for you.

In general, all brokers and traders take fees. Some only per transaction or per annum, meaning they'll be more or less expensive depending on whether you're doing daytrading (high risk, high return, fast results) or longterm trades (low risk, low return, payout either in yearly dividends or on sale).

Stay away from anything more complicated until you know what you're doing.
Also, lurk more and stop posting sliding shit when there's a happening. Though anybody with half a brain will sage you anyways.

>> No.27030995
File: 62 KB, 500x450, 6972862000862dbb422345c18d0ab1fc.jpg [View same] [iqdb] [saucenao] [google]
27030995

>>27030022
you are too good for this board

>> No.27033133
File: 14 KB, 258x256, techtip.jpg [View same] [iqdb] [saucenao] [google]
27033133

>>27027690
>Dogecoin Core wallet

>> No.27034272

>>27033133
Oh yeah how do I buy a few bucks worth of Dogecoin using this wallet bullshit?

>> No.27034458

>>27027690
>CS:GO skin addiction
kys

>> No.27036254

>>27034458
Not my fault that knives are cool

>> No.27036757

I would advise you to wait a bit because now even the biggest retard is trying to get into it, wait till they are all crying and when there is no stock/crypto news on mainstream news sites and then slowly learn, now you'll more than likely just burn your money away