can i earn my living from trading and investing in stocks ?
i want to earn Rs. 10,000 p.m from stock market. I have a computer, internet and online trading a/c with my broker.
can i earn enough from stocks.how much money sould i invest
where i can find reaily worthful and needful
advice. I am a retire person plz help me
AS an investor i the stock market there are two answers to this question. Yes you can earn a great deal of money in the market,IF YOU KNOW , what you are doing. A great deal of time needs to be spent on reading behind the scenes on the market. To make money don't go with the flow of people who buy stock Z as it is going to make a pile. Read books by Benjamin Graham, Bill Gates,and Oracle of Omaha warren Buffet, before investing real money. Do simulated stock buying with a set amount of say Monopoly money and keep close and accurate records of how much money you would have made or lost for a period of a month before using real money.
The other answer is that you can lose your shirt if you do not have an idea of the risk potential that you can afford. Get information on a stock before you jump into the market. Google the information, subscribe to a financial newsletter, if your broker is giving you poor information fire him and get another one.
As a retired person figure out what is the level of risk management (i.e. what is the most you could afford to lose on a trade) and work out whether you are a conservative investor or one who will throw caution to the winds. And be very honest to yourself about how much you can afford to lose. Having made some boneheaded decisions myself I have lost over $10,000 in the market, but I am still there for the next 10 years until I retire. Pick some blue chip stocks at first if you are not sure, that have good dividends.
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