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Hi everyone, I'm just starting to consider getting into trading and I'd like to know if my goals and expectations match up with reality.
I have a full time job as a system administrator and I make OK money, but would like to supplement it, possibly by doing a bit of trading. I have $2000 to invest to get me started. This money is free and clear, I don't need it to pay bills/live and I'm not going to be relying on any potential income. I've never been overly emotional about money and I'm approaching this as a learning experience. If I find I like it, I can devote more funds in the future.
My goals at this time are extremely small, if I could generate an extra $10 to $20 a day of extra beer money, I'd be thrilled. I have time during the day to monitor the markets and make trades while I attend to my job and I carry an android smart phone and usually have an internet connected laptop within easy reach just about everywhere I go. I tend to get up pretty early, 4 am EST, so that leaves me a good chuck of time to study and prepare.
I’m pretty much stumped and overwhelmed by the amount of information available out there and I’m not sure where to go from here.
Can you help answer these questions from other members on NexusFi?
If you go to the Opera, you will get entertainment for $ 150,- the evening. So $ 2,000 is the equivalent of about 13 evenings in the Opera House.
Make sure you get the same amount of entertainment for your money when opening a trading account. Best open an account with a FOREX broker and do some SIM trading before you spend your money. Otherwise you will lose it within weeks and you don't get the entertainment you expected.
It would be alot more reasonable to expect to open an account at an online sportsbook and bet on games/props to make 10 bucks a day and that is not a reasonable expectation at all.