I don't know shit about economy but I want to get in the club of biz and maybe have some fun with you at biz memes like the bogdanoff (I don't understand it but it is fun because of the funny face).What would be my first step into /biz/? Where is the megasticky with all the basic ropes? I need some basic tutorial, give me some guidanceReally I want to become a based bizzers and maybe wear a tuxedo in the club while impressing people around me with economic lingo(no really, give me soma advice)
you only learn finance by losing a lot of money and figuring out why
>>61677980I will teach you faggot:>get money>buy valuable shit>sell valuable shit higher than buy price>get money>return to step 2You would be better off not listening to anyone here at all, just go forward with this information and then never come back here again. You are welcome faggot.
>>61678005There’s no money in buying. It’s all about options
>>61678009This is why i told him to leave immediately
>>61677980Listen to financial news (CNBC / Bloomberg ) and macro economic podcasts / YouTubers. You learn a lot of the lingo from that if you give it a few months. First steps is setting up a brokerage account and buying something. Robinhood is good enough if you're just starting. Don't fuck around with leverage or options until you think you understand enough, and then don't risk much because you're likely to lose it. Investopedia has a pretty good glossary of terms and ideas you can reference if you're confused by something.
>>61677980>I want to get into bizabsolutely do not, get a real hobby on a different board, just put savings into an index fund and don't fucking touch stocks or options or crypto, all capitalism is a scam. If you really need money and have a bit already and can't find a job I would say maybe bitcoin but it sucks right now.
>>61677980>adviceI was fortunate that when I began I encountered people constantly who told me the #1 rule: always do your own research. #2 as well: don't spend what you can't afford to lose.Read up on why a stock/crypto/asset has potential for gains and across what span of time it might achieve that increase. It's really just a process of studying like school or job training is.I even remember people in the threads for certain bigger projects telling me dips and falls in price were likely to come, so if I was new I should consider waiting for those instead. Those dips then happened, but ultimately I made-off better avoiding LINK, XRP, AVAX, etc. and looking for low-cap/new projects that had potential.Did all the reading and research melt my mind some day? Sure. Worth it for multiple 10x and even a 30x. Supposedly I have a 200x coming but since my life plans don't hinge on it, if it happens great, if it doesn't then I just look for another opportunity.
