Why You Should Consider Trading Stocks
What if you could pull money out of thin air? Would that be of interest to you?
Unfortunately that is impossible! But there is something that comes close. . .
What is it? It’s trading stocks on the stock market.
Have you ever seen those contests where if you win, you get to enter a glass booth to grab as much money as you can? It looks like one of those old telephone booths but there is no telephone.
Instead, there is a bunch of money in it and there are jets of air that blow the money all around. The contestant is given like five minutes to grab as much money as he/she can while the money is blowing all around him. Whatever, he or she grabs, they can keep. Sounds like fun doesn’t it!
Well, trading stocks is something like that. People are buying and selling stocks from everywhere in the world on a daily basis. All you have to do is put yourself in a position to grab some of it.
However, most people don’t know how to do that. Many people think that it’s too risky, too complicated, too time-consuming. Actually, it is none of that. At least not if you know what you are doing and you do it correctly by following some basic fundamentals.
In this post, I’m going to share with you 12 reasons why you should consider trading stocks:
1- Trading platforms are FREE and include Real-Time trading.
Back in 2004 when I first learned to trade, you had to pay $350-$500 per month to use a trading platform that would give you real-time quotes. Today you can get a professional trading platform with real-time quotes for FREE!
2- ZERO commissions for trading
When I first bought some stock, I had to go to a broker who then bought them for me for a commission. I could not buy stocks on my own. I had to go to a live broker who charged something like $20 for each trade.
Then, when the internet came into being in the 1990s, you could buy stocks online but it cost you commissions of about $7 to buy and $7 to sell. Those were costs that had to be included in the trading calculations. Each wrong trade could cost you $14. It was easier to lose money.
Nowadays, there a NO commissions charged, so you can buy and sell as many times as you want and you are not charged. So, it’s easier to make money, and less risky.
3- FREE training for trading and investing
To learn how to trade correctly, I had to attend several workshops. The introductory workshop cost me $350 dollars to attend. The intensive advanced workshop cost me $7,000 dollars!
Today, you can get much of the same trading instruction for FREE! The trading platforms provide regular webinars where they teach you trading and investing A to Z. You can also find very good training on YouTube.
4- Trading does not require a big budget.
Trading does not require a big budget to start. A beginner can start with a couple thousand dollars. There are stocks that sell for $5 or less and there are stocks that sell for $100s. You get to choose which stocks fit your budget and how many shares to buy.
5- Relatively Low Risk
When you learn the fundamentals and learn how to trade correctly, the risk is low. One of the most basic rules is that you never risk more that 2-3% of your trading budget on any one stock. You will learn how to use “stop-losses” to minimize the risk.
A person can also Paper Trade for FREE without risking any money until they get some consistency in making winning trades.
6- You maintain control of your finances.
You don’t have to go to a live broker, or consult with your financial advisor to trade stocks. You can do your own research and make your own decisions about what is a good stock to trade.
7- NO website, NO sales experience, NO inventory required
If you want to start an online business, most often you will need to have a website. You will need to promote a product or products. In addition, you will need to learn digital marketing.
Trading does not require any of the above. You don’t see the product. You can’t touch the product, but you can own the product (shares in a company.)
8- NO social media or marketing required
Trading stocks does not require that you master ad creation on Facebook, Pinterest or Instagram.
You don’t need to create a huge number of followers on social media platforms. (Unless you’re Kim Kardashian)
9- You can trade according to your comfort level and preferred style.
Some people will buy stocks and hold them for the long-term. Others will buy and sell stocks every few minutes. (Day Traders)
There are also those who buy and hold stocks for several days or weeks before they sell. (Swing Traders- my preferred style)
You can choose the style of trading that you are most comfortable with.
10- You are your own boss.
You can choose to trade on a part-time basis, or perhaps as a hobby. Or, you can do it as a full-time job. No licenses required.
You can also trade anywhere in the world as long as you have a computer and an internet connection.
As you can see, there are several good reasons to consider trading stocks. Is there risk involved? Absolutely! It can be minimized.
Does it require learning new skills some which may be technical? Absolutely! But, you can take it at your own pace and there are mentors who can teach you what you need to know to trade safely.
Personally, I get a kick out of trading! When I plug my numbers in and I get a winning trade after buying or selling the stock, the feeling is addicting! It’s a great feeling to see that my account has grown by $50, $200, or $1000 dollars or more within a few days!
It’s like pulling money out of thin air!
I encourage you to take a look at this money-making strategy that is creating income for many people around the globe.
Trading in the stock market could transform your financial future.
Here is an excellent resource to get you started:
David C Figueroa
Image by Csaba Nagy from Pixabay
Photo by Adam Nowakowski on Unsplash