I would highly recommend not having a financial advisor when it comes to the stock market. For one, if they are really that good at the stock market then they will be lying on a beach on a tropical island with a laptop, not sitting in a bank. They also work for the bank and will be trying to sell you the banks own products. I talk to mine about once a year but never anything stock related, I just need her to recommend me different savings accounts according to my situation.
Thread: Investing in the stock market
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The stock market and investing in stocks is a pretty good idea specially when you have knowledge in manipulating the data of when to buy stocks and what stocks are the most stable. Even in your local area, you could actually make profit by just buying and selling stocks. A lot of companies also make income through the stock market like most insurance companies. It is really a great deal to invest some money into stocks.
I hope you don't mind me going off topic just a little. How would you people compare between trading stocks and trading Forex? Which is more favorable to you and why?
Delusional, you are more like a day trader. You like to take action and take advantage of minute trends in the market, rather than a buy and hold investor who likes to try and ride out the bumps in the market. Day traders make smaller profits more often (when they get it right) and tend to believe that doing a bunch of transactions over time will net a greater profit and minimize losses. Many people have done this successfully, but can be tricky. Good luck
When you say FOREX, are you referring to the BINARY OPTIONS? I thought it is more like a gambling than investment, especially when you are trading based on time. There is also a bigger risk in FOREX than stocks I think, because either you win a certain percentage of the money you put in, or you LOSE everything!
Stock market is simply buying shares of a company making you a part-owner (or investor) of the said company. You earn passive income through dividends and of course through the ever changing value of the stock shares depending on when you are going to sell it.
In Forex, it doesn't require you to do much of the fundamental or technical analysis, but rather just guess whether the currency is going to high or low.
Certainly, I would be willing to try FOREX, just to know how it really works, but I will remain and continue to invest through the stock market.
This is something that I've never done, but I've always been interested in it. I've always wondered if "real people" (not super wealthy ones!) ever actually make money from owning stocks. I'm sure some do, but I'm just too scared to lose my little bit of money, so I never invest.
I think the safest method for someone investing in the markets would be index funds like the NASDAQ, FTSE, DOW, NIKKEI etc.
There is definitely a lot of fundamental, technical and sentimental analysis involved in forex so I wouldn't consider it gambling. However over here in the UK your profits can be tax free if you trade under a spread betting broker as the government consider it gambling!