6 Dangerous Moves for First Time Investors

In today's world anyone with a computer and an online bank account can get involved with trading almost immediately. While we encourage you to trade, we also encourage you to do it wisely. The more knowledgeable you are on the subject will really help you on your path to becoming a successful trader.

6 Rookie Mistakes and How to Fix Them

• Don't jump into the Forex market head first. While it's true in Forex markets that you buy low and sell high, you need to understand if a currency or commodity is over or under valued.

• Don't jump into trading and start investing your own money up front. Practice on a dummy account until you feel comfortable.

• Putting 100% of your capital in a single market is not recommended. Diversify your portfolio so that if you take a loss it's not the end of the world.

• Set some of the money you plan on trading with aside. It's better to have some capital that is not gaining profit then have all your money in jeopardy of being lost.

• Try using less capital when you make an investment. This will help you learn faster because you'll be losing less.

• Penny stocks are not the best option for new traders. While you have the ability to make money fast you can also lose it just as quickly. Wait till you know what you're doing.

• Don't just start trading. Read a book or get professional help. Many brokers offer free Trade Alerts.