The 3 Most Common Investing Mistakes. Biggest tricks in stock trading, Gold, Forex or anyother??
Mistake 1:You give control over to your investment company.
I just left work, got my allowance fund payment and was looking to invest the money.
The stockmarket were on a high, and me, not actually knowing anything trusted a company to invest my cash in another annuity fund that trades on the stock exchange. Some months down the line, the market came tumbling down. ( If I don't forget, it was October 1997 ) Because I was new, well that was my excuse, I didn't know who to telephone, what to do and my stocks price was cut by over half. When I at last got hold of them, it was too late. Their response was classic, "ride it through", it'll go up again.
Well it probably did, but it took years to recover to the point at which the price was equivalent to what I invested at first. If I had control over the investment, I might have saved at least more of my funds, or perhaps my money was in the incorrect sort of investment, but I listened to professionals and my private ego.
Mistake 2:
Investors take the risk for you. Sorry to burst your bubble, but you take the chance, regardless of how tiny. As a wealth creator, I try and minimize my risk, but the average financier thinks and believes the gigantic establishments that there's no risk. The reality is, there's no risk to the institution or Investment Company as they are getting their admin costs and commissions on an once a month base. When the market gets a cold, you get the bad side of your investment.
Mistake 3:
You believe the investing gurus without doing your own calculations.
Well, that is common, that is why folk are mavens I hear. I do not need to stress about what and where the speculators put my money, I need to get results. Were you ever in a situation where an estate agent guarantee you how your investment property will go up in worth, how much cash you can earn in rental earnings, how great the location of your property investment is, and you simply believe them as they are the mavens. The property will be worth what the market establish when you would like to sell.
Location means nothing if you are unable to get revenue from the first day. Make your money when you purchase, not when you sell.
Do your calculations when investing ; don't trust the supposed experts. I have decide to do something and invite you to do something with me. Remember the system is meant to keep you in slavery for the rest of your life. Banking systems are not there for your comfort but to enrich the investors.
If you can stay in debt, you can be controlled.
Article Source: Swing Trading and Day Trading Strategy
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You will find more and more information on this website, soon we will be opening a unique investment club coached by highly succesfull trader in the stock market.
by: JohnSmith
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Date: Tue, 24 Mar 2009 Time: 12:28 PM -
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