2007-08-07 10:51:03 · 11 answers · asked by michael d 2 in Business & Finance ➔ Investing
Yes. You can also lose your money equally quickly.
2007-08-07 10:55:27 · answer #1 · answered by NC 7 · 2⤊ 0⤋
Yes you can get rich quick but equally you may loose it all. Start off slowly.
I have been buying and selling stocks for 4 years some you make money on, some you loose on. The trick is getting high enough reward from the stocks that go up to cover the loses you make and leave a little proffit.
When I first started trading i invested £1000 in a company called Bakery Services Plc they run the bakery's in stores like asda, tesco and morisons. I selected the reinvest option with my broker. So instead of receiveing dividends the money is used to buy more shares in the company. for my £1000 i got 4347 share at 0.23p now iv got just over 27,000 shares at 0.33p so over 4 years it has grown in value from £1,000 to just under £9,000.
I also have shares in others which dont reinvest the dividends these are paid into my bank account I only use this option when I am looking to sell pretty quickly (within a year)
Look for share that are constantly fluctuating. Iv bought shares on one day when they where down and sold 2 or 3 days later when they are up. its not the best way to make money but you can often see a return of 100% or more.
Open an online trading account on www.halifax.co.uk start slow until you know what your doing
2007-08-07 13:27:21 · answer #2 · answered by davetumalty 4 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/ed075
2015-01-25 03:36:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Let me tell you know that 95 percent off all Americans do not know how to invest in the stock market so go out there and do your own research.
Start reading the top nespapers suck as the New York Times, Wall street Journal, Chicago Tribune, In the business section of these great newspapers you will find great advice about companies that you can invest in.
Once you find information about the companies you can invest in, shoot over to yahoo!finance. look at all the companies financials, and determine were they are headed.
Get some books such as Jim Cramer watch CNBC.
Source(s):
Future stockBroker soon to get my series 7
Jim Cramers Watch T.V get Rich
2007-08-11 05:27:16 · answer #4 · answered by Peace be onto you... 2 · 0⤊ 0⤋
No.
It is possible for traders to "get rich" but it takes time and experience, which means you lose some money in the meantime. The maxim among traders is, you have to lose money four times for the lesson to sink in. This should give you a clue: your emotional make-up is more important than your trading methodology.
2007-08-07 10:56:14 · answer #5 · answered by Andy 3 · 1⤊ 0⤋
The best way to make money online is by learning affiliation marketing. Here you can find a lot of useful information to start making money from today http://moneyonline.toptips.org
It's everything free! I have been doing that method and I am earning good money now.
Good luck!
2014-09-25 10:45:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes , but at the same time you could loss a lot of money
The stock market , is a gamble , win or loss
2007-08-08 12:05:47 · answer #7 · answered by Stephen A 4 · 0⤊ 0⤋
not likely, the cards are stacked against you, by the time you get the info as a regular joe blow investor the info is too old to be of use. If you are lucky, then your can make money, cause it is not really investing, it is gambling (in my opinion)
2007-08-07 10:57:35 · answer #8 · answered by victorschool1 5 · 0⤊ 0⤋
a buddy of mine has en etrade account. I surely have an ameritrade account. i will't commerce currencies yet she would be able to. She became showing me diverse coaching strategies that are obtainable from etrade. I asked if ameritrade trades currencies, and that they reported no. good success and commerce heavily. i be conscious of you are able to open a "practice" account for currencies. That value no longer something and you will commerce like its your money. You get 50,000.00 to "play with"
2016-12-15 08:31:51 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You can if you have enough money to invest in the first place. You can loose it all just as quickly though, so do not risk more then you are willing to loose.
2007-08-07 10:56:25 · answer #10 · answered by Landlord 7 · 0⤊ 0⤋