How can I make money from stock market?

@daliaj (5689)
India
December 20, 2009 11:32pm CST
I heard that it is possible to make money from stock market by invsetsing small amounts. How to get this started? Whom can I contact regarding this? Thank you for the guidance.
1 person likes this
7 responses
@srganesh (6350)
• India
21 Dec 09
hai daliaj!It is easy to make money in stock market and equally fast to lose money there.Having this risk in mind,you can get into it.First you have to open a demat account with any stock broker office.Just see how much their brokerage is.Then you can start investing either offline or online.If you don't want high risks,then invest in mutual funds.
@daliaj (5689)
• India
21 Dec 09
Thanks for showing some light on this topic. I don't want to invest using mutual funds. I remember sometime ago reading one of your discussins about your investment in stock market. I think you were worried if you lose the money, but you sold it at a good price. I want to get into stock market and try some luck there, but not mutual funds.
@srganesh (6350)
• India
22 Dec 09
After that incident,I took more risks and the market gave me a heavy blow and I am just a silent spectator now.Sometimes it happens like that and the market will not reflect any predictions.It seems mad that the market goes against you always.So it is better to risk only a little money which you won't bother if it is gone and take it as a good experience.
@Wismay (2038)
• India
21 Dec 09
Hi Daliaj! Not just from stock market, you can make money from any kind of business. You just need to learn how to do a business effectively. Stock market is a varied field. Most people trade on stock market. Trading is involved with risk if you don't know how to trade. You should know a lot of things to know when to buy and when to sell. From your question I guess you haven't studied finance subject in your academic study. Then you need to first learn the basics. Visit fwallstreet.com and try to understand all the concepts. And also try to understand Income Statement and Balance sheet of a company. It takes a lot of time in the beginning but if you are serious about investing in stock market then you cannot neglect learning. If you find it difficult take time out for this then choose a financial planner. Go for a CFP. Certified Financial Planner. Then tell hime what is your goal and how much you want make after some years. How much you can set aside for investing purpose etc. He will create a plan for you and he will manage your portfolio. It is always better to know what you are doing and why you are doing. Otherwise better not to get into it. Though you can rely on CFP but it is always better for you to know and understand how he is managing your money. So take your time to understand about investing and then go ahead. I also recommend you to read "The Guide to Investing by Robert T Kiyosaki" It won't tell you how to trade on stock market but it tell you how important it is to know a few things before you get into investing. Have a nice time! Happy Mylotting!
@daliaj (5689)
• India
21 Dec 09
Thanks for providing me information about the preliminaries of making money from stock market. Yes, I should learn more about it before taking the risk of investing in sock market. I don't have finance background. Also, I don't know anything about how stock market works. So, it is very important for me to learn that first before getting into business in sock market.
• Philippines
21 Dec 09
There is no reliable way to make money quickly. If there were, everyone would be doing it. Get-rich-quick schemes are just that: schemes. Sure, it’s possible to get lucky at a casino, or to make a well-timed stock pick, but these feats are the exception, not the rule. They generally are not reproducible.
@daliaj (5689)
• India
21 Dec 09
It is a point that if everybody would have done that then there would not have any poor people in the world. I will tell you an important point related to it. Everybody is not ready to take risks in life. If you take risks in life, then only you will be able to climb up quickly in your financial status ladder. I am ready to take some risk. I want to try out stock market.
@divkris (1163)
• India
21 Dec 09
First of all, you will have to do a through research of the market and find out what style you prefer for trading - like there are long-term, short-term , and even day trading done. THen, register yourself with a stock trading company that will help you with the day to day trading by providing their guidance and tips on what to buy and sell. Make sure you get a professional's help to start trading. However, you can trade by yourself with practice, experience, and patience.
@abhaijith (2951)
• India
21 Dec 09
Hi Daliaj, thank you for bringing this topic. People say its the safest business as the maximum loss that can be occure is our investment, unless we not become am addict there. Its just like a gambling and have lot to study there. For the study of stock marketing there are lots of books available at the market. You may better refer some of them before entering into the business. Good Luck friend.
@abhaijith (2951)
• India
21 Dec 09
Hi Daliaj, thank you for bringing this topic. People say its the safest business as the maximum loss that can be occure is our investment, unless we not become am addict there. Its just like a gambling and have lot to study there. For the study of stock marketing there are lots of books available at the market. You may better refer some of them before entering into the business. Good Luck friend.
@abhaijith (2951)
• India
21 Dec 09
Hi Daliaj, thank you for bringing this topic. People say its the safest business as the maximum loss that can be occure is our investment, unless we not become am addict there. Its just like a gambling and have lot to study there. For the study of stock marketing there are lots of books available at the market. You may better refer some of them before entering into the business. Good Luck friend.