Any new investors, economics grads?

United States
August 16, 2009 1:25am CST
Im becoming very interested in trading and really think I want to give it a go ..problem is I have not traded a day in my life Im good at paying attention to details, I love to analyze (Im a Virgo!) and reading so I don't mind reading up every book on trading, investments and economics. My favorite magazine is the economist but now that I'm leaning toward trading I have been checking out Forbes and Future Magazine. I read a book today in the bookstore about spotting trends and it was kind of fun, like doing crossword puzzles, lol, O-K- not THAT easy The book did say that all that reading is not really necessary though (but hey, i like reading, its ok), but what would you suggest for a first time trader? Are you new the game?
1 response
• United States
16 Aug 09
If you want to be a long term investor I would suggest investing in mutual funds with a site like Vanguard or Fidelity. If you want to do short term day trading, I think ScottTrade has the lowest per-trade cost.
• United States
16 Aug 09
ok, those are names Im familiar with, now that you mention it I did have a friend a few years back tell me to start with Vanguard