I'm currently saving up some capital to invest in the markets. Between $1000-$2000 is my aim to begin with. I downloaded RobinHood but i've heard the wait list is quite backed up.
I'm on the Investopedia stock simulator and LQ, LXRX, and GBSN are my big traders currently.
I have high hopes for GBSN and LQ because they both had large downward trends that I bought at the bottom of, and I believe they will come back up shortly. LXRX just had a large downward spike but the upward trend looks hopeful.
Anyhow, I'm clearly pretty new and open to advice.
What trading platform should I use?
What are some good strategies for a beginner?
What are the fundamentals I should focus on as a beginner?
What are good skills and ideas to have entering in?
Best case scenario is I get very good at speculation trading, achieve financial independence, and develop the ability to generate money from the markets.
Worst case scenario is I lose some money that I would have ended up spending on trivial things and come out with the understanding that speculation trading is not for me and that I should focus on more long term investments.
Honestly, neither one of those are likely to happen. Very few traders are natuarly gifted and can pick up trading quickly. Very few traders lose just some money. There is a 90%+ chance of losing all your money.
This is more realistic:
Worst case is you give all your money away to the market and not have a clue how you lost it. Even worse is you re-fund your account and do it all over again.
Best case is you don't use real money at first until you have a basic understanding of the market. Then you make some small trades to understand how you react under market pressure. Once you can control your emotions then can start trading larger sizes.
You might serve your interests better if you don't plan to fail from the start.
Read stuff, you need at a minimum to read topics on having a trading plan, trading psychology, trade management, risk management, price action, auction market theory and other stuff. This is all before you place your first trade.
Hoping something will come up after it's gone down a lot is not a plan or a method, a lot of people do that - they think it's cheap, until it goes even lower and then they turn from a speculator into an unintended long term investor.
Anyhow all this is done to death in other threads, go have a read - lots of good stuff here.