Stocks, Options, Commodities or Forex?
It really comes down to personal preference. Personally, I started with the stock market and prefer it as a starting place for beginners.
Stocks have a lot more liquidity, they are easier to understand and it’s easier to get in/out of them.
Options are my second choice because you can leverage and make more from your money or trade larger stocks for fewer yields. Basically, it allows you to control more of the expensive stocks.
Like I always say, you have to do your own research and determine what fits you and your lifestyle the best. What is the next step for you to get to your end goal? What is your end goal?
When starting as a new trader, you just need to pick one type of thing to trade and learn it well. I see a lot of new traders get sidetracked and jump from stocks to options to forex to commodities without really learning any of them at a deep level.
Find your niche in the market and stick with it – don’t jump around between different kinds of stocks or different kinds of commodities. You won’t be successful overnight – it will take time and energy and you’ll make mistakes along the way, but as long as you are focused on your end game, you can become successful.