Stock Markets Exposed
How hard is it to make money in stock market ?
And how much money do you need as a minimum ?
Public Comments
- $500 is the minimum for most broker like scottrade. Its not hard but the learning curve is steep, it took me six months and several failed trades until I kinda got it. I suggest opening a scottrade account, watch some stocks and sectors. Gold, Oil, Energy, Refining are all profitable and cyclical. In energy I like OXY, HES, MRO. Gold AUY, Video Games ATVI, ERTS. Boring safe pipeline companies TPP, BPL, ETP, SUG. Good luck
- Depends on whether you want to be a trader or an investor. In general its not very hard, it requires patience, discipline and dedication. Trading requires more money than investing. With investing you can start with as little as $100 but for trading you need at least $2000.
- Speaking from experience...its almost impossible to make a living at trading the stock market unless you have a specific strategy and can stick to it. Most people cannot do so, and panic or get greedy and lose their shirt. Think about how many employees the big brokerages have, think about the computing power they have, think about how much money they have to manipulate the system. Cool Trade works for me, its an automated trader. Keeps my very active imagination and emotion out of the mix, and I can make money. Minimum cash required is $5,000.
- Making money trading "individual" stocks is harder than most people will lead you to believe. It takes a lot of time, knowledge, and patience. Something most average people sitting at home and working hard everyday are lacking. However, investing in a quality mutual fund or index fund requires much less time and knowledge. I personally would visit vanguard.com as a beginner and start there. You will need $3,000 dollars to invest in a "quality" mutual fund. Keyword being quality.
- It takes money to make money, so if you have it, its easy to just drop cash in obvious companies w/ obvious growth and watch your earnings grow. Such as Goog, aapl, isrg. Or buy on Blue Chip companies that are Obviously low do to a sell off on news that really was not all that bad. But if you have to buy and sell to keep cash flow, it can be difficult because you alway will sell too early in order to get back money to do different trades. I think investing is fairly easy, day or swing trading is a lot of work. Use this site to find out for yourself, its good practice, Use all the money or just use what you want to trade yourself to see if it works for you. http://www.wallstreetsurvivor.com/
- try http://goldenbullstocks.com
