Some quotes on “Stock Markets”:
1. Markets are voting machines in the short term and weighing machines in the long term.
2. Market is a place where people with experience meet people with money. Money goes to people with experience and experience goes to people with money.
3. In every trade, one is wrong.
Stock Trading Earnings for whom ?
when new comers/ beginners enter markets for the first time, in this age of internet, people tend to TRADE , than to INVEST
as in the older days. This is because now we are racing against time. Fast , Speed, quick etc are buzzwords.
So years reduced to months, months reduced to weeks so on..
Observe who makes money when you trade, when you are a beginner:
1. When you trade about 10 trades a day, you are working for your broker, at your risk and at no salary.
2. When you trade 5 trades a day, you are working for your broker and also for you, of course at your risk.
3. When you trade 1 or 2 trades a day, you are working for you and paying your broker his due commission.
So decide for whom you want to work, for your broker or for you really.
Assumptions:
1. no of trades mentioned above are just for an idea, the objective is you should earn more than your broker.
2. As an amateur loses money in trading. This does not apply for a pro.
Daily Telegraph have a cool Property Guide Tool, and Comparison tool for the suburbs in Sydney in 2007, supplied by Residex. You will be able to get median prices.
But Residex’s Edwards warns that you should treat median prices with caution.
“Medians are subject to the amount and quality of the data collected,” says Edwards. “If you do not collect everything across all the markets then your answer will be skewed and won’t give you the overall picture.”
Here is the link for the guide,
http://services.news.com.au
