It works well when the market is going up. Even if you make some mistakes, overall you make money. Until the market drops, and you lose substantially. But you start mentally excluding that loss, focusing only on the gains, so you don't realize just how badly you're doing. Or you trade for a short enough time that you haven't seen a sudden downturn, so you think you're brilliant, like the kid who drives fast without seatbelt and gloats that he must be special because he hasn't been killed yet.
When you invest, you're competing mostly against professionals. If there is an investment that looks like it will make more money than is should for the level of risk it presents, they jump on it, bidding it up in price until the expected gain is in line with the risk.
Do you really think that you can outsmart people with multiple degrees in finance? Do you really think that you can find the investments that will make more money than anyone else realizes?
Or are you just speeding along without a seatbelt, bragging about how special you are because you haven't died in an accident yet?
It would require a great deal of research of a company to be able to make the "right picks". I have a friend who is retired and teaches investing at a university. He's great at investing. His advice to me was that never "trade" because that's for suckers...as he put it. The best way to do it is to look at long term (10 year) stocks with what is called "a global stock fund" which is very reliable over a 10 year period.
Think about investing for the long term if it's your own money. If you make commission from someone else's money then the more you trade the better for you, but not for the guy whos money it is.
You can make good money like me with this binary option signal software ( http://forexsignal.kyma.info ) Binary options trading has always been popular, however, this investment fad globally exploded around 2008. Originally known as digital options, binary or the name "two values" was added to give a simpler explanation for trading options. Binary is defined as two values or up and down movements. Binaries rely on underlying assets or derivatives. You can trade in commodities, the forex (foreign exchange market), commodities as well as stock indices.
For most people "trading stocks" or "day trading" or any other name, is mainly a "loser's game".
While the premise is unsurprisingly simple: buy low and sell high. it is "easier said than done". Kinda like "anyone can be President" - (turns out anyone can be president)
Frequent trading incurs additional expenses- transaction fees and (when making a profit) income tax liabilities. (taxes on short term investments is nothing to sneeze at)
It is inevitable when picking winners, you will also pick losers. Those losers will deplete your "investible funds". An investor with no money to invest, is no longer an investor.
If you want to "try it", Good Luck, but, don't quit your day job.
What can you affort. Does $90 sounds okay? Well that's all you have to spend, the rest is pure profit. I'm doing already $7K a month. http://bit.ly/1m7PXme
Go over the video and decide.
It's really really easy. Go with an online broker like sogotrade which is good for beginners because it is cheap to trade. I look up stocks and news on yahoo finance because it is really well laid out for a free platform.
Buy low, sell high
That's all you need to know.
So I want to know is it something that you get good at by experience or does it depend on the person? I have no idea where to start (although I have a friend who does it and takes it pretty seriously). I was always interested in stocks and investing but never gave it a shot because I hear its way harder for someone who's up and coming than it used to be back in the day. Also where should I start and with how much money? Is it just about looking for companies/products you think have a good roi? Is it very math oriented? And if any of you had success training where did you start and how? Also do you need college/uni?
