<p>Hey does anyone here trade on the stock market or the forex exchange. I am considering doing some trading during would really like to hear some suggestions and tips about how to trade successfully.</p>
<p>Yeah I do. I made 10 million the other day</p>
<p>talk to Mahras, he's the man</p>
<p>In school, I'm actually a part of a company that trade with stocks and funds.
Of course it's no big amounts of money we invest, but the principes are (almost) the same.
What is it that you'd like to know?</p>
<p>It is important to remember that the stock market as defined by the New York Stock Exchange, American Stock Exchange and the NASDAQ is heavily regulated. Forex, however, is not well regulated. Check out the financial stability of any forex brokerage you are dealing with before putting up any money. Some currencies are less liquid than others and that can affect your ability to get into and out of the market on a timely basis. Using technical analysis is often of greater benefit to currencies than to stocks. The problem is picking your time period. Too many people sit in front of the forex screen watching every tic and making snap judgments that are often wrong. </p>
<p>Also, a lot of forex brokers are associated with futures. It is important not to confuse futures trading a currency with forex trades of a currency. In other words, a futures trade on the dollar index is much different from a forex trade of the dollar. </p>
<p>Bottom line is that you need to do your research before trading stocks or forex currencies.</p>
<p>I'd advice you to do your transactions over the internet to minimize the brokerage. </p>
<p>There are a few "standard" tips when investing in stocks:
*Don't put all eggs in one basket, meaning that you should spread out your investings to minimize the risk of loosing all you money.
E.g before the IT crash, many less knowing, placed all their savings on the IT market. Once the bubble bursted they lost almost all of their savings.
Place some in eg. Industry, Oil, Clothes, Food, Construction etc. The options are endless, the point is; don't place all your money on one card.</p>
<p>*Know what you're investing in. Don't choose the company because it has a cool name or because it's been haused on the news. Unless you understand and believe in what the company offers / produces, don't invest in it.</p>
<p>*Once the word is "on the street" it's time to sell. Sitting in a cab hearing the driver talking about how he'll make money of the stock market on a certain company, you can be sure that in 9/10 the stock will go down, or atleast stop going up. And probably time to sell.</p>
<p>*Find out certain numbers for the company.
Such as P/E (price per earnings) etc. It will tell you if the company is on it's rise, if it's highly over-/underrated and whether the company has enough money to pay it's debts (If not it might risk bankruptcy)
I'll let you look up these yourself because if I'd start explaining I might do some factual errors or you would simply not understand me due to my poor english.</p>
<p>There are a lot of other tips aswell.</p>
<p>I'd also advice you not to invest in currencies, because it's too risky and a single event could create severe damage to a country's economy.
Try looking up some stocks in East Asia, also if your country is prospering look up what business have the biggest growth (e.g. industry).
Invest in oil, gold, silver, gas. Unless an alternate fuel is invented these will keep on rising in value.</p>