Trading stocks can make or break you financially. Make a good investment and make a fortune, make a bad investment and go broke. This is the way of the stock market. Stock prices fluctuate, so keeping a close eye on the market and the companies you choose to invest in is a must.
Stock exchanging is not easy, so if that is what you are here for, leave. If you are lazy you will lose money - if you keep your head in the game and make smart moves you'll succeed. Of course this is no guarantee. You could lose thousands overnight by a bad move on your business. Making sure the companies "higher ups" have good moral stance is important. Stock market is largely based on image. For example:
Let's say your investment was in a company that that sells frozen foods. You bought a stock for $0.10 and it went up over time to $5. You just made 50 times what you initially invested. Now let's say your company had to recall thousands of frozen food products due to contamination - people boycott the company. The company goes under, your stocks are worthless. If you had poured thousands of dollars in that investment, you would have gotten 50 times that and lost it all in the matter of days.
To be cliche, that is just the way the cookie crumbles.
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.