Stock Market

[TechHawkz]

Hi,

Just curious if anyone here dabbles in the stock market? if so has anyone had any success stories?

[Jukey123]

In my opinion .. stick to forex (currency) .. There is WAY more liquidity in the forex market compared to the stock market! .. Also,the stock market has hundreds of different stocks where as in forex has just 6 main currency pairs .. which would you rather manage, hundreds of stocks or half a dozen currencies?

Also, forex market see's about $4 Trillion traded daily, compared to the stock markets $50 Million (i think?)

So my advise is, if your going to dabble anywhere, do it in forex .. and to answer your question, i have had good success with forex, and so have thousands of other traders

Peace!

[Gaulkin]

I would avoid forex at all cost, the amount of people actually making money is tiny. I stick to stocks, did 20 percent this past year. Stuff im eyeing right now is citi, ford and amd. Wait for a big pullback though, the market is a bit over valued right now.

[Jukey123]

There are tonnes of full time forex traders who make a living from it, and also thousands of part timers who make good money from it as well. The reason why most people fail is because they expect it being easy money and they think its just a case of buy and sell, but its not, its actually a very skilful business. Also, many stock traders expect forex to be the same but its not, the forex market is influenced by a lot of different things, and you have to analyse the market in great detail in order to be successful, but if you use your discipline and your patience then there's no reason why you can make bucket loads of cash!

Don't let people put you off!

[akula]

Hi,

Just curious if anyone here dabbles in the stock market? if so has anyone had any success stories?

yeah..as a licensed financial planner, i've been managing my own and other people's money for a while
we achieve superior risk adjusted return from equities using standard scientifically proven strategies, which include leveraging into a portfolio of tax effective index funds, like DFA funds

[Gaulkin]

Really? Well on babypip.com, only one member knows one person making a living off forex... Ive traded both, stick to "INVESTING" in good solid beaten down companies with up and coming balance sheets.

[Jukey123]

Huh? 1 person? I think you are massively mistaken there .. seeing as i know about 10 personally, and i know for a fact that there are thousands more out there!

Stock trading sees about $50 million traded daily where as foreign exchange sees around $4 TRILLION being traded DAILY, and your telling me only 1 person makes a living from that??

@OP .. Take a look at this, it will give you a better insight .. babypips.com/school/forex-vs-stocks.html

[Mega B]

I use the CMC platform for tading mainly the UK top 250,spx and sometimes cable but the latter is not very often,i also have a GNI direct market account which means then you can go direct to the market and cut the middle man out but only on special occasions duemainly to the cost involved.When using CMC you can take advantage of a legal tax loop hole so that you dont have to pay either capital gaim or tax on the profit you make,hence this is the reason i use this account all the time.

Been trading since 1989 so have some knowledge about it

[Gaulkin]

Huh? 1 person? I think you are massively mistaken there .. seeing as i know about 10 personally, and i know for a fact that there are thousands more out there!

Stock trading sees about $50 million traded daily where as foreign exchange sees around $4 TRILLION being traded DAILY, and your telling me only 1 person makes a living from that??

@OP .. Take a look at this, it will give you a better insight .. babypips.com/school/forex-vs-stocks.html

You dont know where any of the currency is going so dont act like you do. Your attack is subpar at best, simply because a market is larger in size does not mean the average trader can make more money....

[Gaulkin]

Excuse me for coming off as a jerk, im just passionate about helping. Sorry

[Rich Grads]

I prefer commodities and commodity based stocks myself these days. Currency markets and forex was fun for a while, but with the currency crisis that we are in right now and all the worlds currencies being "fiat" for the first time 'ever,' I prefer the hard stuff (gold and silver bullion). Preferably silver. I've had over 80% ROI since beginning of 2010. I'm a big fan of this site for my latest information: GoldSilver.com - Buy and Sell Gold and Silver Online. Gold & Silver Charts, Graphs & News

[Jukey123]

Excuse me for coming off as a jerk, im just passionate about helping. Sorry

Of course you can predict where the market is heading .. using technical indicators as well as fundamental analysis will tell you where the market is going . .and overall market sentiment will back that up! Im not saying just because it is bigger that the average trader can make a living from it .. all im saying is that what you said about only 1 person is making a living from it is absolutely absurd!

Im sorry also if i am coming off as a jerk, im really not intending to, but i love the forex market and i am just saying what i think about it .. everybody is going to have fors and againts for both stocks and forex .. its all a matter of personal preference!

[dshawg1]

I would avoid forex at all cost, the amount of people actually making money is tiny. I stick to stocks, did 20 percent this past year. Stuff im eyeing right now is citi, ford and amd. Wait for a big pullback though, the market is a bit over valued right now.

More speculative plays:

PIP (possible 4 bagger), AUGT (skies the limit), FIG

less risky plays: LOVE C, LOVE BAC, ETFC, SIRI, S