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<p>[QUOTE="Cloudsweeper99, post: 1033768, member: 3011"]I would recommend against paper trading. It doesn't give you an accurate view of the terror and elation that comes with real trading. Emotions are an under-appreciated aspect of successful investing. The only way to really learn how to invest is to invest, preferably with a small amount of money because the market is going to charge tuition to teach you. I think gold and silver are terrible first investments but if you insist then just about all you need to know is that American Silver Eagles and American Gold Eagles are the best way for a beginner to buy physical metals because they are the easiest to resell. Just make sure you search around to get reasonable prices when you buy or sell. If you go the paper route, then GLD and SLV are okay to use except that if you read the perspectus for GLD, there are many things in there that should worry most investors.</p><p><br /></p><p>Also, find a copy of "The Intelligent Investor" by Benjamin Graham. It's just about the best investment book for beginners and will teach you the two most important things in all of investing: (1) How to value an investment, and (2) the right way to view market fluctuations.</p><p><br /></p><p>Good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1033768, member: 3011"]I would recommend against paper trading. It doesn't give you an accurate view of the terror and elation that comes with real trading. Emotions are an under-appreciated aspect of successful investing. The only way to really learn how to invest is to invest, preferably with a small amount of money because the market is going to charge tuition to teach you. I think gold and silver are terrible first investments but if you insist then just about all you need to know is that American Silver Eagles and American Gold Eagles are the best way for a beginner to buy physical metals because they are the easiest to resell. Just make sure you search around to get reasonable prices when you buy or sell. If you go the paper route, then GLD and SLV are okay to use except that if you read the perspectus for GLD, there are many things in there that should worry most investors. Also, find a copy of "The Intelligent Investor" by Benjamin Graham. It's just about the best investment book for beginners and will teach you the two most important things in all of investing: (1) How to value an investment, and (2) the right way to view market fluctuations. Good luck.[/QUOTE]
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