BY.- http://www.MomentumStockPick.com
A beginner usually feels very attracted to the stock market while for example discovering a small cap stock that’s being reported in CNBC or the news program and watching it rise steady fast and make new highs from $10 to $70 in just 2 months.
While learning about this successful news story he’s saying to himself “Oh boy if I was one of those lucky guys who bought that stock back when it was priced at $10 I easily would have tripled my money by now… That means my 10 grand would transformed in to a whooping 70 K! hassle free … I would have been able to grab one of those big HUMMERs on the spot and probably pick up a nice Rolex by the way!”
The stock market news constantly reports of hot small cap stocks that are breaking out and making tremendous gains on the same day or doubling in price in just a few hours. Back in the bull market of the late 90′s you could easily see a good number of hot stocks sprouting out every week.
Those years surely made it look like every body could easily take LONG SHOTS and make a shiny pile of gold every day in the stock market. But today’s market is a different story. A totally different animal.
Some say that the stock market has gotten more realistic. Fantasy land is over and GAMBLING YOUR WAY TO RICHES is not an option anymore. You might get lucky a few times, but your constant loses can wipe you out sooner or later.
The fact that the bull market period has ended for now doesn’t mean that you can’t make a great deal of money in today’s market. A lot folks from many walks of life keep making excellent profits on a daily basis, pocketing hundreds & thousands of dollars by trading stocks online.
Success in stock trading starts by applying a wiser and REALISTIC methodology for choosing hot stocks as well as for getting in and out of them with profits in mind.
You need to look at the stock market more realistically. You got to learn that you can benefit when stocks go up and also when they FALL down.
You got to WORK SMARTER and get more selective about the hot Stock Trading opportunities that you choose. You need to embrace the nature of Day Trading and be fully prepared to take advantage of stocks that are poised for a BIG RISE on the same day.
The bottom line is you have to PREPARE YOUR SELF to be successful, just like you would do it in other areas of your life in order to achieve success.
Best Stocks
http://www.articlesbase.com/Investing-articles/learn-how-to-trade-stocks-gt-learn-day-trading-becoming-a-stock-day-trader-746466.html
Hod do you learn to become a day trader? Can you really make alot of money trading stocks?
Is it possible to trade stocks online and make an obsene amount of money as a day trader? How do you learn to do this? How much does it cost?
Get into that path only in 2 situations:
1. You have decided that self annihilation without suicide is the reason why you were brought on this planet. OR
2. You have been following the market for at least 2 years, with at least 1 year under another day trader as a trainee, and know the cycles of the market and the individual stocks.
Don’t try to do an uppity degree/course and consider yourself the czar of the market.. that market is bigger than any czar’s brain.
References :
People come to daytrading with the concept that all you have to do is sit in front of a terminal and buy/sell the stocks or currencies and make a great amount of money. Unfortunately, its not the case. It takes time study and dedication to be a Master Daytrader and you cannot expect to be one by reading a couple of books, attending a seminar or fancy software. Its not surprising how many of the people marketing and selling this stuff are not even trading themselves and are not successful at it.
Leave it to the pros, get your feet wet by learning the basics, trading longer term, swing trading and then Daytrading. Most beginners have got it the reverse way.
Another option would be to get your money managed, while you learn on a simulator. If you want to know the failure rate, I would say 90%.
Dont get caught up in the fancy notions that its so easy to be a daytrader and make obscene amounts of money. If that were true, it would be raining millionaires.
References :
Go try Forex, it’s the biggest market in the world traded by about all countries. Search google for more information. It’s also unknown to most because it started in the 1970s and gained public on 1990 or something like that. Most brokerages has demo accounts where you can actually practice. Anyway….follow these rules and you should be fine.
1. Have descent trading system…Simpler the better.
2. Risk 1-3% of your account for each trade..
3. Money management.
4. Money management.
5. Money management
6. Money management.
7. Money management.
8. Money management.
9. Money management.
10. Money management.
The reason people fail because they don’t follow these simple rules and are toooo greedy. Like myself
but I’ll be sure to come back and follow.
References :
wiki forex I guess..
Wow, mebigez, these are all good answers, and they are sincere ! !
References :
First lesson..
Trade for the Trade… NOT for the P&L..
trade has to be good and backed with a good reason… MONEY would automatically come.. IT has to come..
you can mail me at kgirishraman@yahoo.com if you would like to learn how to day trade US stock markets(NYSE)..
http://us.geocities.com/kgirishraman/index.html
Girish
References :
1) Go to College and study Finance or Economy.
2) Get an MBA
3) Work for a Financial Institution for at least a decade.
4) Save at least $25,000.00 USD to open a brokerage account.
Yes, you can really make a lot of money trading stocks.
References :