One of my biggest goals is getting into stock trading. I’m going to go into the details as to what you need to start trading. I choose this path vs. other methods of investing because I have seen the growth first hand. I know that with understanding and conquering this goal I will become financially stable and have a much stronger future. You must have motivation a plan, and ongoing results to stick with the goals you set for yourself. I have been motivated by my dad watching him turn a piggy bank into thousands of dollars with trading. I have noticed there is a trend not to be financially independent that continues to grow and be dependent on the government to save them. This gives you no chance for a steady future or retirement. With a strong plan and giving some simple time now to begin in stocks or other methods of investment anyone can become financially strong.
Investors.com (2011) if you saved $5 a week at 8% interest starting from the time you were a18 years old, by age 65, you savings would total $134,000. If you wait until you are 40 years old, you’ll have to save $32 a week to have 134,000 at the age of 65. In fact, just one year’s delay – waiting until you’re 19 years old to start saving $5 a week at 8% - will cost you more than $10,000 by the time you’re 65. With the beginning of stock trading you have to learn how to understand it and know what is changing and what is not.
According to Ebony (1997) “Stock prices change based on general business conditions and the earning and future prospects of a company.” Stocks are mostly from large to medium size companies and allow you to purchase a piece of that company and profit from their earnings. One of the greatest key things to know with trading is buy low, sell high. Following this simple phrase is how to maximize your income from stocks. But before you just go and by a stock you have to do the