I have about pound;1000, I want to invest in forex or the stock market, is there anyone who can give good advice? -

Possibly someone who makes good money from this kind of thing, could you please explain how, would be great thanks I hope, you ve done the home work - traded demo account for some time and developed a solid trading plan/strategy. Without these two components you ll be not investing, but rather gambling; and sure way you ll lose those ￡1000 in no time. If home work is done, then it is like choosing a bank you want to keep your capital in - do a research on brokers. If not, hold the money for now and instead: 1. Open an online demo account with any broker. 2. Trade demo money and develop a trading system, make sure it is profitable over a decent period of time 3. Write everything down and then consider giving it a first shot with real money. Some last advice: be prepared to the fact that you can lose all your money with your first real account. So, for the beginning I d recommend split those ￡1000 into two equal parts and invest one part first. If you prove that you can manage and earn money, then you may add the second half to it. Good luck! Try it, but be smart! if you ever want to invest in forex, don t ever jump without proper education. get professional help. check out this site. by opening an account with them- mini, gold, platinum or vip, they will provide you a personal Account Service Manager (ASM) to be your consultant, mentor and trading partner and with whom you can talk live via phone, email or chat. it is in this one-on-one mentoring that you will get to know forex in detail. utilize your ASM to learn as much as you could. all the best. you need to prove your a good investor first before you lost all your money. open your account first: http://investment-blog.net/where-and-how... and hold you money for about one month as you observe the market. or the stocks movement. try to accumlate as many good stocks as possible http://investment-blog.net/buffett-dont-... and good luck I don t dabble myself, but my ex does. His theory these days is that you have to stick with necessities and be prepared to ride out the storm until things get better...in other words, don t count on making your fortune overnight. His necessities include shares in pharmaceuticals, and food/nutrition sources. People won t necessarily buy homes in a down turn, clothing, cars, take out food, extras, etc...but they will keep up with their basic groceries and keep their families fed, and they will keep up with their blood pressure meds, heart meds, etc. Can t live without food or medication, so they are a guaranteed sale even in the worst economy. I don t know much about the forex. I know he s tinkered there too, but hasn t talked much about it. Good Luck! I d stick to the stock market. Forex is pure speculation, the same as buying coffe futures, or something. Better odds than Monte Carlo, but less satisfying. Find a low cost onling broker. TD Ameritrade is a good place to start in the U.S., but I am not sure which broker might be good in the U.K. I pay $10 U.s. per trade. With the ammount you are looking to invest, I d buy an exchange-traded fund (ETF). Do some research on Yahoo Finance. Buy one that tracks the FTSE or an international index denominated in British pounds. find out where your old boss (the duke s) is going to get the orange crop report, steal it, and give them a fake one. Then sell while they buy, and they will be BROKE, and you will be rich! oh wait... wasn t that a movie... crap. There s a free beginners guide you can download at http://www.forexfromscratch.com - that shows you the 5 steps you need to take in order to start profiting from forex. It s a great read and it s free. this group is advice properly for stocts and all market so, Just check it live calls and more http://groups.yahoo.com/group/intradayca... Put it under your mattress for at least 3 months. Then come ask again.