Investing is a daunting term which is mostly thrown around and people most of the time cannot seem to make sense out of it. To explain this term we describe it as a sock puppet. Here the sock puppet is attached to a helping hand which is in turn connected to a plethora of information. The common questions asked are, what to do? Whom to take help from?
Where to start off? I will be starting off with the preparation process as an active trader and this first installment will only act as the groundwork.
First of all if you have no interest in reviewing the daily charts then you must start off as an adviser for starters. Your adviser must not be a radio host but must be someone who works in either a bank or a brokerage house as a portfolio manager.
If you are thinking about investing then you must know it before hand it is a lifelong project which requires both time and effort. There are no get rich quickly techniques here. There are however many get poor quickly schemes here. The main purpose of this article is to provide you information with how to take the first steps of investing in a business and look over what you have and what you can use for future.
There are investors who are very different from speculators who are in this business. Investors have a lot of knowledge on stock market as they read a lot. Speculators on the other hand are just trying to make extra money quickly and they have a very little time span in which they can just hold on to a position, for example Day Traders. Option Traders also come under this category.
Now if you want to start trading then you must read a lot. There are many great books which they can look for references and for more knowledge in the market field.