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Advice for a newbie (1 Viewer)

Joined
May 3, 2016
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Hi guys,


I have a few questions that I need some answers too.

a) I’m worried that I’ll sign up to a dodgy website, what are some safe websites that I can use to invest in currencies, shares and commodities? Which is also connected to multiple stoke markets around the world. Ideally, I am looking for low transaction fees; brokerage without advice.

b) I am unsure how to invest in commodities (gold, oil, coal, iron ore). Do I find companies that trade heavily in the particular commodity (Ie Rio tinto = Iron ore) I am interested in and hope that the company’s shares will be heavily influenced by the commodity market? Or is there a way to invest directly in a commodity?

c) Similar to my question with commodities; Is there a way I can directly invest/convert my currency into another country’s currency?


Thanks everyone!

Jimmy
 
Joined
Aug 1, 2017
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I would not simple jump in. Many traders do that and it usually costs them a lot of frustration and money. Read some trading books (classics are always good) to get an idea about the different trading concepts and build slowly from there.
 
Joined
Aug 6, 2017
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Hi guys,

I use oanda no problems

I have a few questions that I need some answers too.

a) I’m worried that I’ll sign up to a dodgy website, what are some safe websites that I can use to invest in currencies, shares and commodities? Which is also connected to multiple stoke markets around the world. Ideally, I am looking for low transaction fees; brokerage without advice.

b) I am unsure how to invest in commodities (gold, oil, coal, iron ore). Do I find companies that trade heavily in the particular commodity (Ie Rio tinto = Iron ore) I am interested in and hope that the company’s shares will be heavily influenced by the commodity market? Or is there a way to invest directly in a commodity?

c) Similar to my question with commodities; Is there a way I can directly invest/convert my currency into another country’s currency?


Thanks everyone!

Jimmy
I use oanda no problems
 

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