The best way to learn is from a book. The best way to test what you've learned is with a simulator (randomly hitting buttons on a simulator accomplishes nothing -- you're trying to become consistent through a written Plan. If it isn't written down, you don't have a Plan). Read a good book or three, like Investing For Dummies, and the Millionaire Next Door, to get a feel for the markets and what’s available.
If you simply want to "to learn how it operates," and try it real time (or 10 min delayed, whatever, doesn't matter), then develop a trade plan and test it on a simulator before risking a dime. No need to give your money away to ignorance and inexperience. If you don't make simulator money, revise the plan. Or download a trading platform free trial from any major broker and they will also have a simulator and access to help forums and research and fundamental and technical analysis.
http://simulator.investopedia.com/#axzz1...
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well, yes you are a spooled brat. none the less, I would personally at the age of 18 put it in stocks IF you have a good understanding of the market. If you want to be a passive investor I would definitely put it in bonds/ treasuries. IRAs are for retirement and I would suggest opening one once you start employment but to put all that money in now will make it difficult to take out late wen you need it. In short, I would put you're money in a mutual find or even a really safe stock index like a SPDR S&P 500.
You could open an IRA or invest in stocks, bonds, and mutual funds. Either way, you are risking losing some of that money but if you do it right, you stand to gain more than you lose.
Buy $10,000 of Facebook (FB)
Buy $20,000 of DIA or SPY
Buy $20,000 of AGG or BND
Don't watch the market for 5 years. Ups and downs are going to happen. By the time you are 23 you should be either happy or miserable.
Find a good financial advisor, review your goals and risk tolerance, map out a long term plan and then follow it.
It's really possible to make money with trading online, specially with binary trading. You have just to know where to learn... and I know the best source ( http://forexsignal.kyma.info ) This course explain everything you need to start a very profitable trading activity. Before you "learn" to day trade you first must understand the markets, the products traded in the markets and the rules you have to follow to be in the market. You have to learn what to do, why to do it, when to do it and how to do it. If can learn all of this then and only then can you day trade. Before you day trade you must be able to trade. You also need a written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. You also need sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you can trade/invest. It is more imperative to have a written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested and a good understanding of the rules
You can use it as spending money while you are in college, be sure to finish. Use it to focus on school so you dont have to get a parttime job
If you are that smart, you really should be able to figure it out for yourself without asking a bunch of random strangers who keep wanting you to put it into mutual funds - which are simply a waste of money.
Read a few books by William O'Neil for starters. Stay away from the "dummies " books.
For my 18th birthday my grandparents are giving me $50k. It's meant to be for college or to help me get a start in my career. I am graduating valedictorian and should get some scholarships for that, but I was given a 75% scholarship for a sport...
Don't tell me I'm spoiled or blah blah.. :(
I don't want to know that! I want to know how can I use this to make more money?
So there are stocks, bonds, and , mutual funds? I know you can invest in real estate, but 50k is not quite enough for that.. But other than investments how can I use it to gain more money? thanks :)
