how does one become a stock market trader?

Question

I work full time in a reasonably well paid job, but I have always had an interest in making money on the stock market. The problem is I know nothing about it. I have seen loads of software available on the internet that supposedly allows you to trade directly on makets but i cant help thinking that they are just scams.

Answer 1

It is pretty easy to become a stock market trader. The problem is being a good one. You have to know the market better than most other investors. And there are a lot of people out there doing everything they can to figure out how to beat the market.

I really like this free web-site http:www.top10traders.com - it lets you create a portfolio of stocks with $100,000 in "play" money. It ranks all the traders who have created a portfolio, and shows you who is beating the market right now. It is a great way to get investing ideas. Traders can post their investing thoughts and read posts from other traders. Here are this months best traders:

http://www.top10traders.com/Top10Standings.aspx

I would also do everything you can to understand value investing. This site is a good introduction:

http://www.magicformulainvesting.com/

Good luck!

Answer 2

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Answer 3

For the best answers, search on this site https://smarturl.im/aD1as

Study finance, learn about the market. Learn about different classes of stocks and bonds. Learn about different types of trades - puts, calls, margin calls, selling short and long, stop trades, etc. Learn about different categories of investments - blue chips, junk bonds. mutual funds, and so on. Learn about rating services like Moody's, Morningstar, and others. Start following the market reports on the web and in the news. When you think you've learned some, set up an imaginary account with some pretend money - say $10,000. Buy some stock that looks good based on what you've learned, and follow it. When you think it's worthwhile, sell if you want. Figure in the expenses of buying and selling, and see how you do. If you think you've got it down, only then can you think about actually contacting a broker and risking some real money. Otherwise, it's just a crap shoot, and your odds are lousy. Or, just realize that the best investers rarely beat the market averages (dow, S&P indexes, etc), so find an index fund that tracks an index you like, set up an automatic transfer to put some money in it every month, and concentrate on perfecting your golf swing, finding the perfect fishing hole, or growing a beautiful lawn. But learning at least some of the stuff above will help you pick out that index fund.

Answer 4

This Site Might Help You.

RE:
how does one become a stock market trader?
I work full time in a reasonably well paid job, but I have always had an interest in making money on the stock market. The problem is I know nothing about it. I have seen loads of software available on the internet that supposedly allows you to trade directly on makets but i cant help thinking that...

Answer 5

If you make informed decisions and approach your penny stock investments with the same thoroughness that you’d use in your other investments, you too can unlock a whole lot of profit potential. Learn here https://tr.im/S8qLf

It’s absolutely true that penny stock investors can make very quick gains. Synutra International, Inc. (NASDAQ: SYUT) is a great example of a penny stock. This dairy-based, nutritional-products company has jumped from a little Bulletin Board operation to a billion dollar corporation. The company finally graduated from Over-the-Counter status to the NASDAQ Stock Market bringing with it 113% gains in less than two months.

This happens all the time and it’s how some of the best investors in the world became the richest investors in the world. Buying some shares for pennies on the dollar and selling at $10 or $20 is possibly the fastest way from being a hobby investor to a super investor

Answer 6

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/03f02
It's probably the best way to learn how to win with binary option

Answer 7

KEEP WELL AWAY, ITS A RIGGED trading SCAM BY THE BIG ! every excuse is good to drop down the shares price . They spread false analysis as baits to catch their prey then they reverse the market for you and me to loose out and then they buy back the same shares at half value and they make a profit .
Royal Mail a classic example, as the brokers pumped up the price well over 6 pounds in Jan 2014 and crashed down on the 11 june 14 well below 4 pounds , the company also announced a big profit at the time. .The same for Lufthansa, as they just purchased 33 airplanes, the share are down in the sink holes.
Roll Royce today crash its another example, as the company has made contract with Norway for a numbers of engines ..
Platinum metal as a rare mineral , and endless mine problem anyone would expect the price to go up, but is not , it has crashed down , now almost the same value as gold. Investors have lost a lot of money ..
The crude oil is another true example of the scam going on, the first spread news that the price was going to go up due to the many wars around the globe, middle east and north africa, so people rushed to buy stock, then they reversed the market, and crashed the price , the excuse that there is too much oil, when apparently many wells are closed and damaged . They even said that the price was going go up due to the north sea wells being under servicing, this was a fake news as it when came out the well they were already back in production, this is how they fooled investors .
They were well aware time before of what was going on , and all this resulted at the expense of the investors.

The Brokers set up the stock price then they spread the news , company make money , the banks makes money themselves makes money and only the investors as usually loose out. A dirty trick well played .

Keep Away from stock market , its a scam well set up and organized with high super computers and software.

Answer 8

There are two ways.

The dumb way is to get yourself an online trading account, put your own money in, and "churn and burn" your way through a pile of cash buying and selling without any real knowledge of what you're doing.

The smart way is to work for an investment company, and get other people to give you their hard-earned money. Your company takes 1% up front, you go to lunch with company directors and get little hints of what's hot and what's not (nothing illegal, just a nod and a wink), you invest this money without fear (because it's not yours), and if you're reasonably lucky the investments do well and you get paid a big fat bonus at Christmas.

There's an old saying that if you don't know who the fool in the market is, then it's you. You hear the odd story of individuals who make fortunes day trading on their own account: but then, if you set 64,000 people tossing coins, then the odds are that ONE of them would throw heads 16 times in a row.

Answer 9

You can't trade "directly" on the market. But there are several fairly cheap sites out there where you can open an account and buy and sell stock. Some examples... Ameritrade.com, ETrade.com, etc.

As for know what to buy and sell...order a subscription to the Wall Street Journal and read it daily. It is THE source. Also peruse Fool.com. A GREAT website for stock info.

Good Luck!

Answer 10

In binary options you will have the possibility to predict the movement of various assets such as stocks, currency pairs, commodities and indices. Learn how you can make money trading binary options https://tinyurl.im/aH4vk An option has only two outcomes (hence the name "binary" options). This is because the value of an asset can only go up or down during a given time frame. Your task will be to predict if the value of an asset with either go up or down during a certain amount of time.