How to Make Money Trading Stocks

People trade the markets for a lot of reasons: prestige, the thrill of taking a risk, or the feeling of playing a game of chess against the whole world.  But there is only one single REAL reason we should be trading stocks – to make MONEY.

Making money in the stock market is not complex, but that doesn’t necessarily make it easy.  If you want to harvest money from the world’s centers of finance, you will need a minimum of these tools:

  • Trading account – find a great broker you trust to execute in the way you expect, and who will do it without charging an arm and a leg.
  • Charting software – regardless of whether you trade on fundamentals or technicals, you still need to see what the stock is doing.  Get something good!
  • A trading strategy – when are you getting in to a trade?  When are you getting out?  How much will you put into each trade? 
  • A TRADING PLAN – this is the cornerstone to your trading business.  It’s through a solid trading PLAN that each element comes together in a unified process. 

 

I can’t make this any plainer than saying, “If you don’t have a trading plan, stay away from the market – it will chew you to pieces!”   Enter your name and email at the left to receive a complementary eBook, “Make Your Own Trading Plan”, (normally sells for $16.95 on Amazon.com) showing you how to assemble a solid approach to every element of your trading business.

Saturday, June 12th, 2010 Education, Stock Trading

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