I get 1'600.- CHF every 25th every month. I have some bills, probably around 300.- CHF every month. Also want to save some cash, and i need cash for food and stuff. So i have around 500.- CHF left to trade. Is daytrade somezhing for me? Im reading 2 book for beginners atm.
Start with swing trading, easier, profitable and requires little time. Ideal to make money while building experience.
Demo until you have a profitable quarter. Which is going to take around 2 years or more, until you figure out a decent trading system
The only profitable form of daytrading i'm aware of is scalping futures and fixed income. Almost impossible on FX because of the randomness of price over the lower timeframes, stick to swing trading in that case.
Ideally you may want to start with 1000 CHF or so, so you don't have the pressure of losing a lot of money. Oh and it will be hard. Don't take paid courses, just get a shitload of books and try to follow profitable traders on Stocktwits
>>1036727
Thanks for the advice
>Demo until you have a profitable quarter.
What do you mean by that?
