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1) You can't expect me to tell you a specific market. That would be giving direct financial advice. It depends on risk verses reward. It's what you're comfortable with. You can invest in more than one asset class to diversify risk.

I've tried FX trading. I gave up because of sleep deprivation. It's a 24-hour market! I once went 2 nights in a row without sleep. There are Forex managed funds, but I've never tried them and can't guarantee them. You would have to do your own research.

I trade the ASX full time. On the ASX website you can try a share market game rather than jumping into the market and potentially losing you're money. There would be simulators out there for FX and other markets too.

2) Entirely up to you. It all so depends on how you trade the market and the type of market. For example, what time intervals will be on your charts, how much money you aim to make, and in what time frame? I personally wouldn't waste my time in the stock market with less than $20k, but that's just my opinion. Different people will give you different answers for this.

3a) Depends on your needs and lifestyle. For me, fully owning my own home, having some income investments to offset living expenses while still having leftover cash flow, and separately to that, having a stock portfolio to trade the market.

Consider mandatory expenses such as food, health costs, and dental, utilities and council rates. How much capital would you need for interest of say 5% to 10% to cover these per month or per annum?

3b) There is no crystal ball that I'm aware of that works 100% of the time. I won't tell you what to invest in, but I will say for me risk management is core. Regardless of their trading system, all professional traders understand position sizing, setting stop loses and the importance of diversifying risk.

A couple of books I have that discuss risk management:
The art of trading by Chris Tate
Mastering Risk by Mike Lally

I used to be a blue-collar worker. They always tell you to bend your knees to protect your back. Not much fun having arthritis in your knees years later.

<blockquote data-quote="Space Invader101" data-source="post: 544405" data-attributes="member: 34490">1) You can&#039;t expect me to tell you a specific market.&nbsp; That would be giving direct financial advice.&nbsp; It depends on risk verses reward.&nbsp; It&#039;s what you&#039;re comfortable with.&nbsp; You can invest in more than one asset class to diversify risk.I&#039;ve tried FX trading.&nbsp; I gave up because of sleep deprivation.&nbsp; It&#039;s a 24-hour market!&nbsp; I once went 2 nights in a row without sleep.&nbsp; There are Forex managed funds, but I&#039;ve never tried them and can&#039;t guarantee them.&nbsp; You would have to do your own research.I trade the ASX full time.&nbsp; On the ASX website you can try a share market game rather than jumping into the market and potentially losing you&#039;re money.&nbsp; There would be simulators out there for FX and other markets too.2) Entirely up to you.&nbsp; It all so depends on how you trade the market and the type of market.&nbsp; For example, what time intervals will be on your charts, how much money you aim to make, and in what time frame?&nbsp; I personally wouldn&#039;t waste my time in the stock market with less than $20k, but that&#039;s just my opinion.&nbsp; Different people will give you different answers for this.3a) Depends on your needs and lifestyle.&nbsp; For me, fully owning my own home, having some income investments to offset living expenses while still having leftover cash flow, and separately to that, having a stock portfolio to trade the market.Consider mandatory expenses such as food, health costs, and dental, utilities and council rates.&nbsp; How much capital would you need for interest of say 5% to 10% to cover these per month or per annum?3b) There is no crystal ball that I&#039;m aware of that works 100% of the time.&nbsp; I won&#039;t tell you what to invest in, but I will say for me risk management is core.&nbsp; Regardless of their trading system, all professional traders understand position sizing, setting stop loses and the importance of diversifying risk.A couple of books I have that discuss risk management:The art of trading by Chris TateMastering Risk by Mike LallyI used to be a blue-collar worker.&nbsp; They always tell you to bend your knees to protect your back.&nbsp; Not much fun having arthritis in your knees years later.</blockquote>

[QUOTE="Space Invader101, post: 544405, member: 34490"] 1) You can't expect me to tell you a specific market. That would be giving direct financial advice. It depends on risk verses reward. It's what you're comfortable with. You can invest in more than one asset class to diversify risk. I've tried FX trading. I gave up because of sleep deprivation. It's a 24-hour market! I once went 2 nights in a row without sleep. There are Forex managed funds, but I've never tried them and can't guarantee them. You would have to do your own research. I trade the ASX full time. On the ASX website you can try a share market game rather than jumping into the market and potentially losing you're money. There would be simulators out there for FX and other markets too. 2) Entirely up to you. It all so depends on how you trade the market and the type of market. For example, what time intervals will be on your charts, how much money you aim to make, and in what time frame? I personally wouldn't waste my time in the stock market with less than $20k, but that's just my opinion. Different people will give you different answers for this. 3a) Depends on your needs and lifestyle. For me, fully owning my own home, having some income investments to offset living expenses while still having leftover cash flow, and separately to that, having a stock portfolio to trade the market. Consider mandatory expenses such as food, health costs, and dental, utilities and council rates. How much capital would you need for interest of say 5% to 10% to cover these per month or per annum? 3b) There is no crystal ball that I'm aware of that works 100% of the time. I won't tell you what to invest in, but I will say for me [B]risk management is core. Regardless of their trading system, all professional traders understand position sizing, setting stop loses and the importance of diversifying risk.[/B] A couple of books I have that discuss risk management: The art of trading by Chris Tate Mastering Risk by Mike Lally I used to be a blue-collar worker. They always tell you to bend your knees to protect your back. Not much fun having arthritis in your knees years later. [/QUOTE]

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