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You must go concerning your stock selection in a very good way. These types of big money managers pair trades by industry. As an example they might go long Wal-Mart (WMT) and short Saks (SKS), as a play at the retail industry.
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There's a massive lesson become learned here, albeit a pricy lesson for many people. Listening to these stock pickers on TV is the surest way to lose cash in any business. The fact is, these talking heads are as clueless about market movements, as most everyone .
Remember, you could well lose some or all of one's initial investment trading forex that perhaps you cannot afford to lose, and "should" always seek advice from wages financial adviser, which reputable firms should supply, prior to that first investment.