stock market

[i tell da truth]

how does it work?

how do i make money from it?

aint got loads of money though but could i profit from investing a few hundred pound here and there?

[Alfie]

You buy stocks you think that their price will rise.

TBH investment bonds are better

[XtraP]

This is proberly the worst time to invest in the stock market

[i tell da truth]

This is proberly the worst time to invest in the stock market

i wouldnt invest now.

i was gonna do a bit of research over the next year or so and then start fucking with it.

[Jay05]

This is proberly the worst time to invest in the stock market

"be fearful when others are greedy and be greedy when others are fearful"

Warren Buffet

to be honest if u dont know about the stock market, now isnt the time to start investing.

If you are in it for the long run there is a lot of cash to be made sometime in the next year or two, but it will be over the longrun

[Webstarr]

like anything its research

[Stringer_Bell]

How is this the worst time to invest in the stock market?

If you are smart enough you could make a living off the back off this if you pick the right shares for a cheap price now and once this ''credit crunch'' passes over will rocket back up and you can sell for maybe 10x the price or more

[XtraP]

How is this the worst time to invest in the stock market?

If you are smart enough you could make a living off the back off this if you pick the right shares for a cheap price now and once this ''credit crunch'' passes over will rocket back up and you can sell for maybe 10x the price or more

I take it you have been successful in the stock market since you know so much about it?

[XtraP]

[/Kat Williams]Smart dumb muthafukkers[/Kat Williams]

[GrimmyGrimGrim]

I take it you have been successful in the stock market since you know so much about it?

loooooooool

short selling >>>>>

[hitman]

Just buy bare brand new cars and the value will go up

[Stringer_Bell]

I take it you have been successful in the stock market since you know so much about it?

Yep

[bailey_187]

How is this the worst time to invest in the stock market?

If you are smart enough you could make a living off the back off this if you pick the right shares for a cheap price now and once this ''credit crunch'' passes over will rocket back up and you can sell for maybe 10x the price or more

what if the company goes bankrupt?

[Stringer_Bell]

what if the company goes bankrupt?

Gamble you gotta take but if you do your research correctly then you should win in the long run.

[Randy Marsh]

loooooooool

short selling >>>>>

attempting to short sell VW when porsche own the 74% of the shares <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

[Randy Marsh]

Gamble you gotta take but if you do your research correctly then you should win in the long run.

over 10 years the stock market provides the best return. provided you diversify.

[Alfie]

Foreign currency sounds better

[Randy Marsh]

Foreign currency sounds better

what are you going to do with your foreign currency?

[hitman]

Foreign currency sounds better

changing £100 pounds to euros at the post office and changin it back 2 months later is not the one

smh

[Jackyzuckerberg]

Making money on the stock market at the moment is not a good idea or a safe bet.

If you want to do day trading, and you can make p doing this, then you need experience in trading plus about 5k worth of equipment. However it is a easy lifestyle, I know a few people that do this and make over 100k.

Making money on the stock market can be in different ways. When there is a 'bull' market (i.e. when the economy is doing well and shares are generally going up) this can be very easy (a trader called Nicholas Hassim Taleb who wrote the textbook on options trading and used to head trading at UBS claimed successful trading was almost entirely due to luck) , whereas in a bear (when shares are generally going down) it is more tricky and you probably need some understanding of the economy and some experience of trading to try it.

The best thing to do is go on Amazon and buy loads of books on the subject.

Be very wary of 'stock tips' also. Most of them are bullshit.

[spliffy]

If you know the details and have the capital to back it up you could stand to make quite a bit in the next few years however seeing as not many people do (I don't, I doubt you do) I'd say give it a miss.

[slackk]

buy some yen if you want short term gains
really should have got there in march.

[Webstarr]

It helps if you are decent at statistics. Also to make any decent returns you probably need a fairly sizable startup capital

[LC1]

can i just say, you can get lucky but if you put up 5k you're likely to lose it. trading is full of crooks who set up worshops schhols etc etc. its all bullshit. I'm a trader, ive got my own book, part of a small hedge fund. i know what i'm talking about. You can make alot of money granted but only if you know what your doin. Alot of people will offer courses on tips etc, they are all crooks. if you can make alot of money then why would you.....

a. tell people your secerets

b. be teaching it if you can trade yourself.

c. if bank traders, who have scores of analysts advising, are getting fucked then you should know the dangers that its not as easy as they make out.

I'll tell you what some do. you give them 5g, they put you up trading, if you loose a bit you're out and they will already have made 5g out of you and if your good they stand to make alot out you so they'll keep you. be wary of you you go to or who offers you the SECERETS!!!

my best bet would be to yeah read up onit, ask people who do it, if someone is offering you some sort of investment that sounds too good to be true then it probably is. But prob wait a year or two till markets come down as they are nuts and you will prob get caved in starting out. hold your money and wait for the time being. It can be a great lifestyle apart from bein up at 5 to get to work, but you work for yourself, finish when you want effectively and all is great when you're making money. when your not its shit so study and wait. anyone can do it, i worked hard to get out and get to uni but it means nothing, there are toffs, wideboys the whole mix.

any help (in reason!!!) i'll help ya son

[LC1]

How is this the worst time to invest in the stock market?

If you are smart enough you could make a living off the back off this if you pick the right shares for a cheap price now and once this ''credit crunch'' passes over will rocket back up and you can sell for maybe 10x the price or more


Trying to pick the bottom is a risky business. A guy where i work did so last week as he saw alittle recovery and he got buried. wiped his whole month out.

the shares and stocks will rise if you hang onto it for years but it depends how much pain you can wear. ie. its likely to keep comming down for some time so you'll be in deficit before profit

[Anonymous]

Whole thing is fuckery.

[i tell da truth]

can i just say, you can get lucky but if you put up 5k you're likely to lose it. trading is full of crooks who set up worshops schhols etc etc. its all bullshit. I'm a trader, ive got my own book, part of a small hedge fund. i know what i'm talking about. You can make alot of money granted but only if you know what your doin. Alot of people will offer courses on tips etc, they are all crooks. if you can make alot of money then why would you.....

a. tell people your secerets

b. be teaching it if you can trade yourself.

c. if bank traders, who have scores of analysts advising, are getting fucked then you should know the dangers that its not as easy as they make out.

I'll tell you what some do. you give them 5g, they put you up trading, if you loose a bit you're out and they will already have made 5g out of you and if your good they stand to make alot out you so they'll keep you. be wary of you you go to or who offers you the SECERETS!!!

my best bet would be to yeah read up onit, ask people who do it, if someone is offering you some sort of investment that sounds too good to be true then it probably is. But prob wait a year or two till markets come down as they are nuts and you will prob get caved in starting out. hold your money and wait for the time being. It can be a great lifestyle apart from bein up at 5 to get to work, but you work for yourself, finish when you want effectively and all is great when you're making money. when your not its shit so study and wait. anyone can do it, i worked hard to get out and get to uni but it means nothing, there are toffs, wideboys the whole mix.

any help (in reason!!!) i'll help ya son

whats the best way to learn about it all?

college/university?(if so what courses are available and what route would you take)
books?

[Anonymous]

whats the best way to learn about it all?

college/university?(if so what courses are available and what route would you take)
books?

I'd like to know this too.

[Jackyzuckerberg]

whats the best way to learn about it all?

college/university?(if so what courses are available and what route would you take)
books?

Best route is to study economics at university. Ideally at a good uni like Oxford, Cambridge or LSE (LSE is probably the best uni for banking and finance tbh)
Hopefully then get an internship in your first or second year, and then get taken on as a trader.

You could also get in with a degree in Maths or a science degree.

It's impossible to learn just off of books tbh. You need to learn generally about the economy and business, so the best thing is to go to Waterstones or Borders and read up before you start thinking about trading.

Read anything by Nicholas Hassim Taleb (used to head trading at UBS) and the book traders, guns and money (Satyajit Das) to get a background in understanding what is going on. TBH I am a big fan of Taleb and I think his options trading strategy is the work of a genius. But he also explains how economics and an educational background is effectively useless in some ways when trading.

The second way is to write a covering letter and send a cv to a trading house. This is the only job I know of in banking that excepts non-graduates.
Trading is very macho and alot of traders are powerlifters, ex-military etc etc.
I know of a guy that has made a lot of money from trading (he trains mma with me) and he got into in his late 20s after working as a bouncer. He is unusual but there are other people like that. You just need to show you are ready to learn and they will give you a shot sometimes (particularly the small er trading firms).

You probably wouldn't be able to get to BarCap or Goldmans though without a degree.

Lastly scan forums like these so you understand a bit more

http://www.trade2win.com/boards/

[i tell da truth]

nice1

[LC1]

whats the best way to learn about it all?

college/university?(if so what courses are available and what route would you take)
books?


to be honest i think if you join a company they will teach you what they want to do and you only ever really learn when doin the job.

but things you can do I think is keep up to date with the economic world and whats goin on. read the ft once or twice a week (it makes sense the more you read it).... maybe start on reading the Times everyday esp the business section as it will give you a good background knowledge etc.

books off the top of my head is The Trading Athlete by Shane Murphy which is around the mental aspects of trading (which is half the battle) plus gives you an intro into the terms and aspects you need to know. Another one is by Murphy and its based around statistical trading which gives a insight into the technical side of trading, which may fly over your head if you have no experience of it. i totally forgot the name of this one even tho i read it!!

Personally i went to UCL which is one of the best in the country but didn't do an economic or maths based degree. Funnily enough when it came to jobs it seemed that it was where you went rather than what you did that helped as a degree primarily gives you no help in any job you choose unless you do medicine of course. Of course a good uni and a maths based degree is better. If you can't get into a good uni then id advise to do well and try and do a masters at somewhere good which will cost money but in the long run could really help you.

I have friends from uni who have been sacked from big investment banks and to be honest this is a crap time for most people and you will sgtruggle getin a job. I decided to do it alone which can be great at times but also very worrying and many smaller trading houses are struggling as much as banks. sayin that it ain't impossible and you might need a bit of luck. You can't get a job in abig bank in a front or middle office role without a degree and the days of anyone getin a job are fadin. Study and if you do a degree with no economics then try and do a module in it.

Also apply anywhere and everywhere for work experience even if its a day as that can set you apart from others on your cv.

but my advice would be too study and let this period blow over as it isn't the bes time to be looking for a job, never mind in the financial services.

[Randy Marsh]

i am thinking of investing in the ftse 100. think barclays capital have a thing called itrade that has some good options on it of HSBC has an investment service. you can get share isa's so that you wont get taxed under 7.2k