how do u make your spare money as another source of income? is stock market an option?
if i have spare money and i wanted to invested in stock market which company should i invested in? i wanted another extra income on the side while i'm working... i wanted to trade some stocks, maybe buying and selling and make a small profit of like $ 100 a day or something... nothing too big? please help! i hope you understand my point... thnx for the time....
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- If you are broke the market will help you go bankrupt. If you are not broke you have time to learn. If you wanted to be a doctor you would need to learn how and what you should do. Trading the market is no different..you must do your apprenticeship. Tip: Don't hold stocks...and be a sitting duck! Now you have absorbed that..the market at present is becoming difficult because it is volatile. How would you like to lose money..like 20% of your money? Not likely! This is the prediction that it could fall by that much. What goes up must come down..people like to take profits and so they sell...and youy must learn to sell as well. Many people HOLD...get used to the idea of the market as a short term opportunity...not long term. Buying is not where you make money...it's the selling that's important. In order for you to make some money you have to educate yourself. You are going up against ther BEST in the world when you put your money in the market..and they will take your money..if you let them! Start your research..do courses and read books on your business. Don't rush it! Plenty of time for you to make a profit. Wait until the markets have a 20% drop then get in! Learn while you're waiting: Using Options ..less money...full control..great leverage.. $1 controls $10 worth...so you can multiply profits and losses.
- For whatever reason, people think that stock trading is the easy way to wealth. In fact, the reverse is true. True enough that 70% of stock trader losing money than making it, if they did made it. If you decide to be a stock trader, you better prepare yourself on how the market works with constant study, discipline and thought. Hopefully, you will be able to reveal what is going on in the market you choose in the end of the day. If you seriously want to trade stock, your first trading objective should be to protect your capital and focus on limiting losses. Understanding risks is the key, after defining your own goal though. From there you should have a blueprint of your very own trading plan. You can't implement the necessary risk management techniques without sufficient fund to begin with. Emotional stock trading will happen if you only have $500 for living. Obviously, more money is better. Stock Investing for Beginners http://www.stock-investment-made-easy.com/index.html
- novices should not expect to make much income in the near term trading, but over the long haul they can become wealthy just by picking solid stocks at a good price by following picks like those of Warren buffet the first correction in a day traders life is likely to be his last day trading experience
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