Hi all, Ive just recently joined this forum and although I've traded some shares using my bank's online broking system, I'm still very much a beginner.
I've read quite a lot about different strategies used on the market, for example programming into software, such as Tradestation and buying and selling futures as a day trader. Additionally on this forum I've read discussions about CFDs and the powerful magnification of profit/loss that they provide.
So far most of my trades have been of very small amounts in the companies ENG and ARR. Although ARR has been moving rapidly upwards in price since last Wednesday, due to the small amount of shares I purchased, the profit was quite minimal.
I was wondering if anyone could suggest if CFDs / Futures would be the way to go, or what a reasonable amount to invest would be for shares priced around the $2 mark.
Young trader today also mamaged to predict that BCN was ready for a massive rise in price and it is currently @ 39c. Since I'm very new to this and quite young also (19), I'm not sure of the signs to look for on the market (involving announcements etc..) to be able to effectively trade with the least amount of risk.