Trading is good to learn to make money?

10 years ago

Originally Posted by msuper28

but I think I can learn more about finance and stocks myself

You most certainly can.

I'd recommend investing over trading though. It's the same principle, but with a longer time frame.

Thanks

Signature

Why do garden gnomes smell so bad?

So that blind people can hate them as well.

{{ DiscussionBoard.errors[9494515].message }}

socialentry

10 years ago

Also, you don't pay commish for each transaction as in daytrading so there's more margin for error.

Thanks

{{ DiscussionBoard.errors[9494741].message }}

pppz

10 years ago

sure you can make big money with trading... but statistics says that on market only 1-3% of all people succeed ...

Thanks
2 replies

{{ DiscussionBoard.errors[9501341].message }}

Alexa Smith Banned 10 years ago

Originally Posted by pppz

statistics says that on market only 1-3% of all people succeed ...

About the same as in internet marketing, then, probably?
- Thanks
- 1 reply
{{ DiscussionBoard.errors[9501826].message }}
- msuper28 10 years ago
  
  Originally Posted by Alexa Smith
  
  About the same as in internet marketing, then, probably?
  
  Maybe you're right? Internet Marketing is not for all.. also many scammers out of there..
  
  Thanks
  
  1 reply
  
  {{ DiscussionBoard.errors[9502115].message }}
  
  Alexa Smith Banned 10 years ago
  
  Originally Posted by msuper28
  
  Internet Marketing is not for all.. also many scammers out of there..
  
  In some markets, yes. And trading is definitely one of them, by the way: in forex trading (which happens to be the aspect of trading I know about, though I suspect this is probably true "across the rest of the trading board", too), the proportion of misinformation to information out there is particularly high: http://www.warriorforum.com/main-int...ml#post9457503
  
  .
  
  Thanks
  
  {{ DiscussionBoard.errors[9502165].message }}
msuper28 10 years ago

Originally Posted by pppz

sure you can make big money with trading... but statistics says that on market only 1-3% of all people succeed ...

Really!? I know trading is not easy but only people who work hard can succeed at trading..
- Thanks
{{ DiscussionBoard.errors[9502113].message }}

Young Financier

10 years ago

In the long-run, none of that stuff really matters. We can talk about being able to read balance sheets, assessing the economic situation, etc. That stuff sounds good but it all comes down to being able to gauge supply and demand. You can do that by reading the market itself via price action. Besides, a lot of that information shows up in the prices before the public knows about it anyways, so it's useless. Learn to read price and you'll be fine if you can apply a method and control risk.

Thanks

{{ DiscussionBoard.errors[9503100].message }}

yukon

Banned 10 years ago

Here's what I've learned about stocks, always look for businesses that have a monopoly on their niche.

An example is Baidu (BIDU). The day I watched the local TV news report that Google had been kicked out of China I started researching who was the most popular search engine in China If Google didn't exist, the answer was Baidu. To date that same stock is up +1,750%. I have no doubts that stock will eventually reach $500 per share as long as China Gov. keeps Google out of the country (still looking good).

Anyways, there's money in business monopolies. Look around, do some research, who has unfair advantages where other businesses can't do anything about the situation.

While we're on the subject of stocks...

Warren Buffett once said something interesting about his insurance business, Warren said his bet on insurance is that the world will never end, If he's wrong it doesn't matter because none of us will be around to collect on the policies.

One thing Warren does to minimize his insurance risk in case of local disasters, he's also an insurance affiliate where all he does is collect payment for insurance leads & leaves other insurance businesses holding the policies so he doesn't have to pay out on a claim.

In the end the money is in the detailed research.

[ 1 ] Thanks

{{ DiscussionBoard.errors[9503180].message }}

yordanov

10 years ago

Trading is not so easy to learn, but if you start from somewhere read technical analysis and learn how to win real money!

Thanks
1 reply

Signature

High quality articles and content for your websites, blogs, products
Sell PROFITEASE.COM
WHOLESALE: European manufacturer of bath accessories - stainless steel.

{{ DiscussionBoard.errors[9504257].message }}

Joe Benjamin

10 years ago

Originally Posted by msuper28

I'd like start learning trading and stocks, but are they good to learn to make some money in today economics?

I've read many books about maths, warren buffet books, entrepreneurs books in last months..

I'm a computer engineering student atm but I really like investments, finance, marketing etc

I tought I could go on basic MBA degree after I finish engineering, but I think I can learn more about finance and stocks myself

You won't be able to learn it yourself.

Those who DO know were taught and trained
by those who ALSO were taught and trained by
those before them.

If you *figure it out* on your own, which is highly
unlikely, it will be into old age. But, most likely,
if you want to get rich doing it, it will be *never*.

Unless you seek mentorship from those who DO
know who himself was trained by those who DO
know.

Originally Posted by Alexa Smith

About the same as in internet marketing, then, probably?

Depends on who you ask.

Originally Posted by msuper28

Really!? I know trading is not easy but only people who work hard can succeed at trading..

It's not hard, actually.

You do have to know the basics (Sell Order, Buy Order,
Stop Limit, Buy Limit, basic charting and candle stick
formations, etc).

It's no more challenging then learning how to ride a bike
or tie your shoe.

The challenge comes from people who THINK they know
but don't.

The simplicity is enough to *anger* you, yet inspire you.

Originally Posted by yordanov

Trading is not so easy to learn, but if you start from somewhere read technical analysis and learn how to win real money!

The BEST way is mentorship.

Problem is, few are willing to *share their secrets* with
outsiders (so to speak). So, they hoard information,
keeping it among themselves and a select *elite* few.

The best way to learn to drive, for example, is from
someone who knows how.

The best way, therefore, to trade, is from someone who
himself has been taught to trade SUCCESSFULLY.

Sure, he can study technical analysis, but it will mean
nothing in the end if you don't understand how it applies
in the market.

Market Makers rely on naive traders to use Fibonacci
the way they've been *taught*, hitting stop-loss orders
and such, but it get's much deeper than that.

There's a highly spiritual aspect to generating great
wealth...

...if one seeks it.

Thanks
2 replies

Signature

**How I FLIPPED $80 into $690 Pure Profit With ONE EASY Method...2 to 3x Per Week...Only 30 Minutes Per Day (and how YOU can COPY my RESULTS, too!) **CLICK HERE FOR VERIFIED VIDEO PROOF**

{{ DiscussionBoard.errors[9577135].message }}

HN

Banned 10 years ago

Originally Posted by Joe Benjamin

You won't be able to learn it yourself.

Those who DO know were taught and trained
by those who ALSO were taught and trained by
those before them.

If you *figure it out* on your own, which is highly
unlikely, it will be into old age. But, most likely,
if you want to get rich doing it, it will be *never*.

Unless you seek mentorship from those who DO
know who himself was trained by those who DO
know.

What exactly did you say?

You won't be able to learn it yourself? What a crock of nonsense! I know, I wish there was another way to say it.

This myth is told by people who run a coaching business. If they are that good, why teach instead of just trade? Some say they can do both, it's not a matter of choice. Yet, if you can make money doing nothing but trading, why waste time teaching others instead of traveling the world or spending time with family?

I 've watched some courses, they are run my marketers, not traders, mostly rehashed stuff. Some never even tell about swap or roll over fees and expiry dates (commodities). And they mostly teach day trading which is, well, not much different than a day job. The only difference is that you are not working for a boss, but staring all day at charts.

When is comes to investing, it's really simple, you buy a stock and when it goes up you sell. If it won't go up, don't buy. Never buy hot stocks trading at all time highs. Never use stop loss. If you thought price was good, you should buy more at better price, instead of selling. I know amateurs will argue this point. And it's not relevant to day trading or forex. No stops if you are investing in stocks or commodities for a long term.

Never listen to so called experts or specialists. Buy instruments that are trading at multi-year lows. Today it would be Silver 2/5 lots at $17, buy limit order 3/5 lots below $16.
Sell half of what you buy above $20 and hold the other half. Don't listen to me either.

Just read Peter Lynch.

Thanks
1 reply

{{ DiscussionBoard.errors[9577229].message }}

Joe Benjamin

10 years ago

Originally Posted by HN

What exactly did you say?

Exactly what I said.

You won't be able to learn it yourself? What a crock of nonsense! I know, I wish there was another way to say it.

Well if doing it your way worked out financially
for yourself, how many millions have you made
so far?

...silence?

This myth is told by people who run a coaching business. If they are that good, why teach instead of just trade?

This might be hard to swallow but...

...not everyone is a selfish, greedy person.

I don't *have* to be here. I don't *need* the
money. And like most I could keep this to
myself and you'd never know.

...but God WOULD know. And, ultimately, I
am here to serve Christ by reaching out to
turn around peoples financial lives forever.

Some people ARE inspired by God to give.

...like myself.

For example, I can not, in good conscious,
keep the information I have to myself for my
own gain...

...for it's not my gain to begin with...it's God's
gain. It's HIS money and it was HIS blessing
to me so I can live the life of my dreams...

...marry my wife-to-be...

...have many kids...

...live in a big, beautiful mansion to raise my
family with all their needs taken care of.

...and I can be a Father to my kids without
making the choice, "Should I go to my child's
dance performance at church or my 9 to 5 job?"

These are the decisions I will never have to
make because the Lord blessed me with what
YOU might deem impossible.

But I'm here to tell you the Truth...

...through Christ, ANYTHING is possible!

And I am living proof.

This is my way of glorifying him by blessing
others the way he's blessed me.

He's given me the responsibility to wake up
and enlighten unbelievers like yourself that
through HIM and HIM ALONE...anything IS
possible.

...even the *impossible*.

Some say they can do both, it's not a matter of choice. Yet, if you can make money doing nothing but trading, why waste time teaching others instead of traveling the world or spending time with family?

How do you figure it's a waste of time to reach
out and *touch* another soul by showing them
the way to financial abundance here on Earth?

That's a waste of time?

Who says you can't travel the world, spend time
with family AND enlighten others by teaching
them currency trading principles that are HIDDEN
from public eyes?

I am led in spirit by Christ to do what I'm doing.

Perhaps as the selfish, godless man I once was
your question would be valid.

Why reach out to spread the light at all?

I 've watched some courses, they are run my marketers, not traders, mostly rehashed stuff. Some never even tell about swap or roll over fees and expiry dates (commodities). And they mostly teach day trading which is, well, not much different than a day job. The only difference is that you are not working for a boss, but staring all day at charts.

The Holy Spirit, if it's within you and you listen to
it will NEVER lead you astray, into scams or harms
way.

He will make it plain and simple. It may not happen
at the time YOU want it, but it will in the time that's
right for you...as it was for myself.

This is such a time for you...if you can read deeper
into message and allow your eyes to be opened.

Right now the Devil does NOT want you to know
what I have to share with you...at no cost to you...

...when I speak of the free gift of salvation in Christ,
people reject that, too (MUCH more harshly).

The choice is yours.

Humble yourself and ask, "Okay, fine. HOW is this
possible.?" And I'll be happy to show you. You will
see it with your own two eyes, but if you don't Believe
then you will be forever blind to this great wealth
waiting for you.

When is comes to investing, it's really simple, you buy a stock and when it goes up you sell. If it won't go up, don't buy. Never buy hot stocks trading at all time highs. Never use stop loss. If you thought price was good, you should buy more at better price, instead of selling. I know amateurs will argue this point. And it's not relevant to day trading or forex. No stops if you are investing in stocks or commodities for a long term.

Never listen to so called experts or specialists. Buy instruments that are trading at multi-year lows. Today it would be Silver 2/5 lots at $17, buy limit order 3/5 lots below $16.
Sell half of what you buy above $20 and hold the other half. Don't listen to me either.

No disrespect but, you are severely misinformed
and uneducated on the matter as knowledgeable
as you think you are.

It get's deeper...much deeper than what you have
read...

...which is why I said, "You can't TEACH yourself
this stuff"...it has to be taught to you who's been
taught themselves...

...or revealed to you by God through someone else
who's convicted to teach what they know.

Just read Peter Lynch.

see the above text

Thanks
1 reply

Signature

**How I FLIPPED $80 into $690 Pure Profit With ONE EASY Method...2 to 3x Per Week...Only 30 Minutes Per Day (and how YOU can COPY my RESULTS, too!) **CLICK HERE FOR VERIFIED VIDEO PROOF**

{{ DiscussionBoard.errors[9577857].message }}

tagiscom 10 years ago

Originally Posted by msuper28

Maybe you're right? Internet Marketing is not for all.. also many scammers out of there..

What, IM is easy, spend 5 to 7 years hitting your head against a virtual brick wall, then, after finally figuring out what works, work hard for a few more months then start seeing some actual money flow in!

And, yes, get scammed a few times along the way! Unfortunately!

But, in the end, unless you go nuts, you will succeed. Like anything really, if you want to succeed, you do not give up, or stop trying!
- Thanks
Signature
Archimedes Forum, Sign up l won't bite
{{ DiscussionBoard.errors[9578050].message }}

whateverpedia

10 years ago

Originally Posted by Joe Benjamin

You won't be able to learn it yourself.

Those who DO know were taught and trained
by those who ALSO were taught and trained by
those before them.

If you *figure it out* on your own, which is highly
unlikely, it will be into old age. But, most likely,
if you want to get rich doing it, it will be *never*.

With all due respect, what utter bollocks.

Thanks

Signature

Why do garden gnomes smell so bad?

So that blind people can hate them as well.

{{ DiscussionBoard.errors[9577855].message }}

Trading is good to learn to make money?

Trending Topics

Been a while! Any of you Old Timers here?

How much does the rebranding affect CR ?

Are billboards still effective in driving customers?

Boat and Jet Ski Rentals...... Door Hangers Effective?

Clickbank low cost recurring