Stock Trading
Stock Trading
Stock trading is a business not hobby.
What is stock?
The word stock means share of a company. If you setup any business, you specify the percent of share you own and eligible to trade. The company produces the goods, then moves the good to acquire customer through wholesale or retail.
What is share?
It is same thing as stock. Private company do not have public money, hence usually private company owner owns 100% of the company share.
What is trade?
Trade is an activity that meets consumers never ending needs or wants. It is a social activity that will go on till human life exists in this earth. Trade conducts to make profit or service to people. An example of trade is when you say “hello” to someone and he replies a response in return. An example of jobs in trade is electrician, plumber, dentist, teacher etc.
What is trading?
Trading is simple economic concept which means buying or selling goods of your company. Usually, you trade to make money or money’s worth. Trade can take place between buyer and seller. An example of a trade is that you give local store clerk $5.25 in a local store and you get milk of that money. In this case, you are buyer and local store clerk is seller. Usully this is used for short duration to conduct buy or sell. You do not know how much milk will be next week, next month or next year. Usually, general people sometimes can take the same milk and sell it to someone’s with little profit let’s say $6.00 next day or week.
Can stock trading make you rich?
Yes, if you put effort and build skill with right community. With proper skill, you can double or lose your money just like anything you do. Some people quit their day job and make more money through trading and still earn financial freedom. It depends on you, just like going to the gym. If you join a gym and never work out to transform yourself, you will not get the result. Average trader can make more than 100k with proper tools, discipline and guidance.
Can business make you rich?
You need to consider high overheads cost and a lot of money to start a business. Typically 95% startup fails according to SBA studies. Not every business has a successful system to succeed. Business requires a lot of up front cost capital, employees, office, products, legality which cost big to get started. Also, you can not raise your price whenever you want if you want to make profit. Stock trading overcome this challenge.
Is stock trading a career?
Well, it can be. Since COVID-19 everything changed so much and nature of jobs changes along with it. It can be a very rewarding career. You can make way more money within minutes if you are good at it just like any professional athletes. If you think of choosing this as career, consider to become a professional and invest in your growth, skill and join a community of other professionals to become really good at your game to be excellent. You can earn very decent money from stock trading.
Why do you need to know trading?
Well, if you want to make money for short term, you need to be familiar with the concept and dedicate some time regular basis to make money from your trade.
What are the benefits of stock trading as a career option?
There are many benefits, here is few
- Build your stock trading career on your own pace
- You become your own boss
- You manage your own time – You do not need to sit more than 8 hours and stuck like regular job
- You enjoy work-life balance, trade when you want
- You can become a business expert by doing company research or a technical trader
- You can also become a trainer by teaching others – pay it forward
- No label of this job anyone who want to learn can do this. Even students, unemployed people can learn and make money.
What are the types of trade?
You need to be aware of intraday trading, day trading, swing trading, position trading, long term trading.
What is stock trader?
To trade means to exchange something such as items or services, to buy or sell items or to buy or sell stocks. When we talk about stock trading, we mean publicly traded company. For example, Apple is a company and you can buy or sell their stock from stock market. In USA, you can get these stock through a stock broker account. Example of broker account is Robinhood or WeBull or IBK or TD Ameritrade or Fidelity or Swab service. Robinhood is an USA based easy to app you can use to buy or sell to get started your stock trading.
What do I need to know to become a stock trader?
You need to decide if you like numbers or read. Those who likes numbers usually become technical trader. They look at chart and patterns to predict what how much a stock price will go up or down. This type of stock trader call as technical trader.
Opposite of this call, investor who likes to read about the business and learn their next 3 to 5 years business and how will they perform based on their income statement, cashflow and balance sheet. You may like to read fundamental and become stock investor.
What are the different style of stock trading?
No standard fixed stock trading style, but you should know the followings: Scalping, day trading, momentum trading, swing trading and position trading. Try to master one of these style.
What is stock trader?
Another career who is choosing to have their financial freedom using Stock Market to buy and sell stocks and make money.
How to be a stock trader?
Stock trading means investing in a company share. Share and stock both words used for same meaning. If you are new to this, please have patience.
What is requirement to become a stock trader?
Most of the traders are self taught. Now a days a lot of free resources online. If you get some coaching and support, you can get be better at your own trade.
About Urbanhood:
Urban Food Alliance (UFA) is a 501c(3) non-profit organization fights hunger in our neighborhood in NJ/NY area. We also promote financial and leadership education for youth and adults, and bring people together. UFA fights poverty in our neighborhood. We promote education as the main key for everyone. Our motto: giving and receiving with dignity. Please visit our parent organization website to support the cause and like our social media page.
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Online courses for stock market trading
Stock Trading For Beginners
Market Update
Stock Trading
- Posted by urbanhood
- Date November 26, 2020
Getting Started
Recommended trainings
- Beginners
- Basic Fundamental Analysis
- Advanced
- Advanced Fundamental Analysis
We highly recommend that you take our speakEq courses if you are new and need basic stock market training.
Basic & Advanced Training in Our Courses
Stock Trading Course: Trading Is Hard
Control Your Emotions
Don’t get us wrong…it’s incredibly important to learn both technical and fundamental analysis when stock trading. However, it’s most important to make sure that your head is on straight first before getting started.
If you are terrified of losing money and your emotions get the best of you at times then it’s important to realize that chasing “magic trading indicators” will not solve your trading woes. If you’re looking to become a successful trader then you need to have a healthy mix of the proper mindset as well as trading knowledge. As a result, you need both if you want to become a profitable trader long term. Don’t sweat it, you’ll get there.