stock market?
August 25th, 2010
i know know nothing about stock markets.
i know anyone can buy shares, but if i wanted to serously make money on the stock market do i have to go to college, uni etc to make money. or are there people out there who were like me and went with the flow learning from mistakes and making millions.
thanks
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Don’t "learn from your mistakes" or you’ll be broke by the time you get good. Anyone can become great at investing without a university degree in finance. Read free articles on sites like http://www.investopedia.com. The tutorials on that site alone should keep you busy for days. Buy books if you have the money, read the business section of the newspaper, watch business shows on TV like CNBC, Nightly Business Report, Wall Street Week, etc.
no , u dont.
dealing with stock market you are dealing with people, emotions . altho fundamental and technical analysis are essential for picking stock, but they only count roughly 30% of the total game, the most important is that you are dealing with people, various people.
So i reckon, u just have to read some general books about stock market and share trading and you are well positioned to do stock trading (in terms of knowledge).
But to be physiologically prepared, u probably need long time. to me, stock market are 80% gambling , you cannot forecast, you deal with it, risk management is more important than any other analysis.
Well if you know nothing about the stock market, you should start to educate yourself about the markets, the products sold on the various markets, and the rules of the market
Unless you educate yourself you’ll NEVER make money in the market.
The people that "go with the flow" are still going with the flow and they will never make any money, the only thing they make are fools of themselves.
Without had work, and continuously educating yourself, you’ll be a failure at whatever you do, and not only in the market.
no, you dont need to go to college for that..but you should read and study a lot!