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20 year old looking to invest/save

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    #32
    arrowloopboy
    Registered Users Posts: 1,154 ✭✭✭arrowloopboy


    IpreDictDeatH wrote: »
    Great insight there folks thanks. I have no eagerness to start trading asap so i deffo wont be jumping in blindly. I am a good reader and have a thirst for knowledge so will read read read for now. Have to say though, spreadbetting does look attractive to me right now. How long do you hold a trade for usually? Days, weeks, months?

    Nice one for the tips on books, any other resources would be greatly appreciated.

    Stick Trading in the Zone by Mark Douglas ,on your reading list,its probably the most important book you will ever read in relation to trading .

    Most of my s/b positions are originally opened on a 6mt contract ,and rolled if their going according to plan ,day trading f/x or indices would be a full time job.


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    #33
    arrowloopboy
    Registered Users Posts: 1,154 ✭✭✭arrowloopboy


    FURET wrote: »
    Arrowloopboy has made it clear what he's talking about - betting - but I want to emphasize to the younger readers on this thread who are eager to invest that spreadbetting is not investing, not remotely.

    Your right, Ben Graham wouldn't approve ,I couldn't care less about what the FTSE250/FTSE100 companies do or make that I buy,just as long as the short term outlook is good ,they don't have a habit of retracing 10% or more on a regular basis,and theirs a little momentum in the direction i'm trading ,i'm happy.
    Just don't mix betting up with gambling ,that's for fools;).


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