How i make money trading stocks
I am only trading stocks on the Australian market. But am in the process of getting an international account set up so I can trade the U. Anyway thanks again for all your hard work and sharing it. Your a good man! Regards Graham Smith Australia" 3. I am a member of your weekly search subscription and have bought a few levels.
I've turned Euro into Euro in 3 weeks and my only losses happened with the Brexit which I minimized thanks to the stop loss principle. If you ever start a weekly subscription for practice on managing stop losses and trailing stops I would be very interested! Keep up to good work, Joao de Lima Ireland" 4. Then i got into a guru that told me when to buy and sell. But soon lost too much too mention in 3 months. I had been watching Karim's youtube videos maybe over 50 hours at least.
Thanks again Pablo Diaz-Buscio Texas 5. I am an entrepreneur and I have my own Company. My initial business field was hospitality and event organization, but I have always been interested in investing, and in trading. I had no idea about stock trading so what I normally did was to invest my money for long time, typically in Government Bonds.
After some years, I had a very good offer for selling my business and I decided to sell. During that process I started to search information about trading on internet and after a lot of searching I found your YouTube Channel.
I remember like it was yesterday the first video I watched. At that time I did not understand anything about stocks trading and stock market. Than I began to follow you and watch all your videos on your YouTube Channel. After I bought your book and all the levels of your course. Thanks to your teaching I started slowly practicing and I began to understand more and more. After one year studying, two months ago I started trading stocks with my Company.
It was not easy, I put a lot of effort to overcome my limits using the PC, the Chart, etc. I practiced a lot as you suggest and I also find very useful your monthly subscription: Every time, I have some questions, I write you an email, and you always give me precious and useful answers.
I still have a lot of things to learn about stock market, but I'm sure that with your help I can do it. So thanks a lot for everything, for you teaching about trading and also about life.
Dreaming is important and everyone must have a dream. But you don't sell dreams, this is the reason why I esteem you a lot. Kind Regards, Emilio Italy 6. Hi Karim, For years I tried to learn trading from other people without any real success. Anyone can make a hundred one day and lose it the next.
I have a good career, but there is little time to do the things I really want to do so my goal was to quit and trade and be free. I was not getting closer to my goal and after many trading disasters I bought all of your lessons and watched each one twice. Just be careful of who you listen to. The vast majority of participants are not professional traders, let alone profitable traders. Heed advice from forums with a heavy dose of salt and do not, under any circumstance, follow trade recommendations.
Study the greats Learning about the greatest investors of years past will provide perspective, inspiration, and appreciation for the game which is the stock market. One of my favorite book series is the Market Wizards by Jack Schwager. Read and follow the market News sites such as Yahoo Finance and Google Finance serve as a great resource for new investors.
For in depth coverage, look no further than the Wall Street Journal and Bloomberg. By monitoring the markets each day and reading headline stories investors can expose themselves to trends, 3rd party analysis, not to mention economic concepts and general business. Pulling quotes and observing fundamental data can also serve as another good source of exposure. Beware though, over time you may find that a lot of the investing shows on TV are more of a distraction and are overall full of junk recommendations.
This is a natural evolution; you are not alone! Consider paid subscriptions Paying for research and analysis can be both educational and useful. Some investors may find watching or observing market professionals to be more beneficial than trying to apply newly learned lessons themselves.
There are a slew of paid subscription sites available across the web, the key is in finding the right ones for you. View a list of the services I use use myself.
Two well-respected services include Investors. Go to seminars, take classes Seminars can provide valuable insight into the overall market and specific investment types. Most seminars will focus on one specific aspect of the market and how the speaker has found success utilizing their own strategies over the years. Examples include Dan Zanger and Mark Minervini. Not all seminars have be paid for either.
Some seminars are provided free which can be a beneficial experience, just be conscious of the sales pitch that will almost always come at the end. When it comes to classes, these are typically pricey, but like seminars, can also be very beneficial. Buy your first stock or practice trading through a simulator With your online broker account setup, the best way to get started it to simply take the plunge and make your first trade.
If trading with real capital is not possible initially, consider using a stock simulator for virtual trading. A variety of online brokers offer virtual trading for practicing. One of the most common mistakes traders make is to go all-in and try to score big with a full portfolio position out of the gate.
This is an often painful mistake and why many new investors suffer big losses early on. Proper portfolio allocation is extremely important.