Learn to trade.
BUT YOU HAVE TO FIND THE RIGHT SOFTWARE PROGRAM FOR YOU. Investigate BEFORE you invest!
Hints: Red lines and green lines; red lights and green lights; Late-at-night infomercials.
Total initial investment: Anywhere from:
Five Thousand [$5,000.00] Dollars [USD] to about Thirty-five Thousand [$35,000.00] Dollars [USD].
I gave you hints about the lower-priced, easier-to-understand and work with software program. That program has free technical support and upgrades; its own subscriber supported, on-line TV program. &&& User Groups throughout the world. .
IN ADDITION YOU should have AT LEAST Twenty-five Thousand [$25,000.00] Dollars [USD] to open and fund your trading account.
AND THIS - above all else: BEFORE you go “live in the market” with any of your hard-earned money, I strongly suggest: Plan your trades and trade your plans.
There are many, many different trading strategies. With EACH trading strategy I MOST STRONGLY SUGGEST: Paper trade, paper trade, paper trade AND paper trade some more.
THEN trade stocks, options, currency or commodities. I do it - using stock options.
I saw a late-night infomercial about trading stocks. It had these charts with red lights and green lights and red lines and green lines.
1] After the infomercial - that day and a few days later - I asked a few questions and discovered how much it REALLY took to trade stocks. I found-out it took an account of $25K or more to be a day trader or scalper. I KNEW I didn’t have that size account.
I made a few more inquiries about other ways to earn money trading on-line. I found out about options. Options are a sort-of side investment from the stock.
2] I invested $5K in an options trading software program.
3] I studied the DVDs and read about trading options. To me, it took a while “to wrap my brain” around the concept, but, through “paper trading” [pretending I was trading with real money]. eventually I did.
4] THEN I opened a margin trading account with an on-line broker as a "speculator".
5] I discovered “paper trading” ISN’T ANYTHING like trading for real. Real trading is VERY emotional.
6] I lost about $2K - AND I kicked my own butt!.
7] I decided I was going to actually “buckle-down” AND concentrate on earning money, trading options. I did. I’m just about back to the original $5K.
8] This software program has a live, on-line, subscriber-supported TV program/network. It has programming for currency, stocks, options and commodities. Subscribers can e-mail or call in questions about their various interests. Because of this, everyone watching, learns. The TV folks do not give any buy, sell or hold recommendations. When folks pay attention as to what is going on, they DO make/earn money.
At times, when the stock goes up, the option goes up. At other times, when the stock goes down, the option goes up. Yes, that’s right! Needles to say, I LOVE trading options!
AND, YES, YOU CAN LOSE MONEY! I just told you I lost money.
“Newbies” - the new folks who are thinking about making the investment, can e-mail their questions. MOST Wednesdays are options “Training Days”. About one hour is devoted to exploring different aspects about options and trading. Training days are broken down to plain, every-day, understandable English. Some technical terms are used. I'm sure in your line of work, there are technical terms the layperson may not understand.
The technical support is terrific! If a program is missed, this software program offers an on-demand feature so folks can review a program.
This particular software also has “User Groups” throughout the world! Our particular group is a legal, non-profit entity. We pay dues of $60 per year. We - the users [subscribers] - meet once a month at a different library in the region where the members of our group live. Guests are welcome. Guests pay $10 per meeting.
We discuss whatever topics our members and guests are interested in. We have very interesting members and guests.
The members and our officers are wonderful! They are knowledgeable and very willing to share information and their knowledge.
We have every type of trader:
Scalpers/day traders: in and out of one or more stocks in the same day.
Swing - owning a stock or option for a few days to a few weeks.
Intermediate - owning a stock or an option for a few weeks to a couple months.
Position or long-term: owning a stock or option for a couple months or longer.
I don’t own any stock or options in the parent company. I am a paying subscriber and a member of our user group.
So, if you want to have some fun and at the same time learn a lot and do your best to earn some additional money, look into investing in this excellent software.
Due to the fact I am an ethical member of the Yahoo! Answers Community, I value my ranking with Yahoo! Answers, I won’t tell you the name of the software. I’m sure you’ll be able to figure it out.
A person should learn some things about the market and how it works. Through these sayings, I can tell you these facts:
A] There are no gifts on Wall Street.
B] You are trading people. You are not trading stocks, options, currency, commodities, bonds or any thing else.
C] Trees don't grow to Heaven. Neither do stocks, options, currency, commodities, bonds or any thing else.
D] V.I.C.P.I.E.
Volume Is the Cause; Price Is the Effect.
E] "Bulls make money. Bears make money. Pigs get fat. Hogs [greedy traders] get slaughtered."
1] People make or earn money when the market or their stocks, options, currency, commodities, bonds, etc. [“position”] go up.
2] People make or earn money when the market or their stocks, options, currency, commodities, bonds, etc. [“position”] go down.
3] People make or earn money when the market or their stocks, options, currency, commodities, bonds, etc. [“position”] go sideways.
4] Its one thing to learn. Its another thing to learn AND DO!
5] So you thought [and think] education is expensive? Just wait until you try ignorance!
6] Ask questions of knowledgeable people.
There are two old sayings:
A] "The only stupid question is the question you don't ask."
B] "So, you thought --- and think --- education is expensive? Just wait until you try ignorance."
Remember this: When you are in a group and you or someone else asks a question; that question being asked could be a question one or more folks have on their mind, BUT are afraid to ask.
DON'T be afraid to ask questions - and keep asking questions until you get understandable answers to your questions. This requires persistence and tenacity.
Will some folks think you're a pain in the neck [and another place]? Absolutely. Don't settle for
"fluff" answers or "smoke and mirrors" answers.
7] Wish in one hand . . . Pee in the other . . . THEN see which one gets filled first!
All the best to you and yours!
VTY,
Ron B.
2007-08-03 00:59:19
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answer #3
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answered by Ron Berue 6
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