Stocks And Shares // The Stock Market

You could check out my sig (aff linked), and also try Googling Sid Wyemann, and/or his site Complete Forex Training Course | Forex Training Works (non aff)

hth

You definitely need to seek a great deal of help from a specialist - especially if you are looking for short term investments.

The stock market is not like a game you can play an hour or so a day - it takes dedication and a great deal of work, initially, just to find out how to spot trends, how to translate breaking news stories into investment opportunities (or alarm bells telling you to get out). There are many internet marketers promoting all sorts of 'robots' that can invest your money and not make a loss but this sort of arbitrage trading is very difficult to manage and requires your attention during trading hours.

If you are looking for a medium to long term investment, with expert help you can pick potential winners and, generally, in the long term, you will probably make a profit.

This is not an arena to enter naked and without sword and shield

Hi Teen Genius,

OK I have spent a fair bit of time in the stock market both medium term investing and short term trading and initially it takes a lot of time to educate yourself much like IM.

It can be extremely profitable in the short term market along the lines of IM and you can have things working for you essentially automatically eventually. However because there is more an upside gain, there is also a downside risk.

In fact if you think of all the time and money you have spent to get a good IM education from folks here and elsewhere that is the similar sort of investment (no pun intended) required from you.

So where does one start.

Short term trading really means positions that are held for a maximum of 6 months to a year but usually 3 months or less (within this there is day trading where positions are held for minutes and maximum of hours)

Medium and Long term investing you are talking about year or more to hold a position.

Most of the people you are taugh to listen to, you should avoid like financial planners, accountants, fund advisors, bank managers, etc.

Why? Well 2 reasons:

1. A lot of these people are really sales people making commissions on you buying their products and they make money regardless if you do or don't
2. More importantly if they really believed their own advice to get rich, why aren't they following it and getting rich? Truth is they know their advice is mainly just a sales pitch

OK I realized this could turn into a really long post but I could give your more advice and recommendations of places to get educated if you like and want me too. I have used many and know the good and bad ones so you don't have to waste time and money.

However for new people I often recommend Options Trading. Why?

1. You can learn all the concepts of the stock market as options prices are based on the stock price (i.e. Coca Cola Options are based on the up and down movements of the Coca Cola stock price)
2. You can trade with a small fixed outlay that you know from the beginning is the maximum you can lose (so even like $50 or $100) for most styles of option trades. There are styles of option trading where you can have a downside rish but you can easily avoid those types of trading. Therefore you are not burning up cash and as I said not waking up seeing you owe heaps of money beyond what you initially put in.

Anyway I hope my mini synopsis helped you and like I said if you want more info please let me know.

the trouble is......you end up taking advice from marketers who mostly copy other systems and spout the normal cliches...."diversify, trade with the trend, cut losses, let profits run.." LOL

Forex trading is COMPLETELY different to stock trading. Day trading is a different biz to position trading.

forex is ok to make a bit of extra money..but I wouldn't be putting my pension money with any FX broker. The huge problem is the leverage they entice newbie traders with. It becomes a pure gamble.

Stocks.......90% of the time is watching ...waiting, preparing. It truely is boring BUT when everything lines up you make a lot of money.

I knew a Dr. who took $50k to $5m OK he got smacked down another $2m+ when CROX gapped down overnight but he still walked away with $3M. Balls of steel! How? Traded just one stock at a time.

It reallt depends how you want to play the game...

Really? I say keep out of:

Options. (unless you have some kind of covered call, Delta Neutral positioning system) PS the money in options is in selling them.
Short selling
Penny stocks.

G'day Teenage Genius,

If you are going to invest in the stock market, you want to invest in a company that you know. Either in a company that you know someone who works for, or a company that you believe in their product.

Also look for strong management and follow smart money/people.