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Arindam wrote:

What you have even less of than money is market savvy. That's the problem you need to fix first.

Very true. And market savvy can only be acquired through experience; often experience in the form of mistakes that can be quite costly. But you can only get that experience by trying the game.

IMO, people should build a safe base and learn as much as they can about the game, acquiring tools they can use later. Build a sound base and learn how to speculate or work the fringe of the market for more cash when they're old and gray. At the very least, most strategies take precise timing. When faced with panic or greed, most people flinch.

Keep it simple at the start...
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