Do you feel confident investing money in the stock market?
Why or why not?
Absolutely. But like anything that becomes a successful enterprise, you have to understand how it works, and how to make it work for you. If you step in blindly, you are lilely to step IN it.
I've got to agree with Springboard on this. As with just about anything, if you dive into it cold you can really get hurt. Study, do your homework on the kind of investments you're interested in, and lay down your ground rules. Keep in mind though, even professionals lose money sometimes, so don't invest with your rent money.
If you choose to invest do some paper trades first (as in practice trades on a piece of paper) and see where you end up after a couple dry runs. This is a great way to practice or test new or unfamiliar strategies before you put them to practice in the market.
I do feel confident investing in the stock market. I am a swing trader and you do need to play both sides long and short.
As others have said knowing about the stock market is key. Watching stocks and paper trading for a year is a prerequisite to entering the stock market.
The only stocks/ETFs I am marginally confident investing in are metals mining and ETFs.
Otherwise, I do not "invest", I trade. Investing is done for the "little people" such as us.
Look towards the bottom of the Hub
http://hubpages.com/hub/stock-market-fo … ket-basics
Extremely confident, only because I strongly believe in there being no such thing as a free lunch, so I research, research and when I'm finished so some more research.
Confidence in the stock market is paramount, whether trading or investing if you have no confidence, you will let emotions take control of your actions and make bad decisions.
I agree with Ben, paper trading is vital if your new, reading, learning is absolutely essential.
Warren Buffet Books, news articles, learn maths formulas for such things as PER or price to earnings or ROI or return on equity, learn concepts such as intrinsic value, books value, margin of safety, learn, learn learn.
It's impossible to learn too much!
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