My feature plans..

[Freddy Krueger]

I'm new to the stock market and I have just read about what stocks and options are.

I've no idea what to do to get into this business though..

Don't know what stocks to buy and don't know how to find out which ones are good to buy and I don't know if I should get a broker or not.. My friend started into this business too and told me he been making some money on russian shares and he doesn't use a broker.. But he has a very experienced friend.

My plans are to work for 2 years and get a monthly salary that I save up.
I don't have to pay for anything under these 2years except my own hobbies or things I want to buy.

I was thinking of to keep spending every monthly salary in the stocks so Instead of earning around 30,000 euro from these 2 years I could be earning atleast twice as much.

Then After these 2 years I want to stop working.
Only keep making money on stocks.

I would like to travel and live around the world for as many years possible.

I think stock market is the key to this.
I know a person who makes 500,000 euro every year just from stocks.

If I could make that money I wouldn't need to work for the rest of my life.

But I don't know this person too well and I heard she has been in this bussiness all her life to become so good at it.
Since she was 17 year old and now she is old.

So my three questions are..

Is this a realistic plan I have?

How long "education" do I need about stock marketing before I can get into it or start making profit on it without too big chance off loosing on it or making too small profit to be any useful.

What should I do now?

I would appreaciate it a lot if anyone would like to tutor me in this..
Through e-mails or this forum PMs or some messenger program like MSN.

Because I might want to ask some small question from time to time and It probably wouldn't be good to make a new thread just for that "little" question but big enough to be a problem to me.

[Airelon]

I saw your questions, and they are good ones since you've just been introduced to stocks and the markets. Let me just take a little while to decide how to best formulate my response . . .

[Airelon]

Originally Posted by Freddy Krueger

I'm new to the stock market and I have just read about what stocks and options are.

Welcome to the game.

I've no idea what to do to get into this business though..

That's one of the biggest questions when you first find out about the markets in general. How do I get started.

This is how:

Education.

There's a bit of a learning curve when it comes to stocks. In this game, a lack of understanding about how the markets work translate into losses. It means you lose hard earned money out of your account. Even with education, there are losses, but you learn how to temper them.

That doesn't require you go to college to get some sort of Stock Market degree. There is a ton of good information out there, much of it for free. So read. Read everything you can get your hands on - as long as it's good and reputable. Understand that there is no 'one way' to trade or invest (Trading and investing are different) the markets. People will try to convince you that 'they've learned the secret'. There is no one secret. If you trade and invest with money management principles clearly in mind, do some research, and have a firm stock market education in hand, you can do well. I run my own educational blog. But what I talk about isn't the only way. Read alot here on FIO's "Stock Trading To Go". There is a host of good education.

And beware of 'bad' education. Beware, because this industry, like any other, has it's scammers - looking to lure you in by promises of 'quick cash'.

Don't know what stocks to buy and don't know how to find out which ones are good to buy

There's where education will help. That's what the rest of us try to find out as well.

and I don't know if I should get a broker or not..

Once you have played with some stock market simulators, such as Investopedia's, and you have a firm education in hand, only you can decide when it's time to take the big step, get a real broker, and trade real money.

My friend started into this business too and told me he been making some money on russian shares and he doesn't use a broker.. But he has a very experienced friend.

Could be. I've been in this business 12 years, and all I'll say is: Be careful.

My plans are to work for 2 years and get a monthly salary that I save up.
I don't have to pay for anything under these 2years except my own hobbies or things I want to buy.

I was thinking of to keep spending every monthly salary in the stocks so Instead of earning around 30,000 euro from these 2 years I could be earning atleast twice as much.

Then After these 2 years I want to stop working.
Only keep making money on stocks.

If that's your goal, then I cannot stress to you how much a good, good education in how the markets work is. Many people would like to stop working and trade full time, but it is not easy, no matter what people will try to tell you when they want to sell you a system. Once you have a firm understanding as to how the markets work, it is easier.

I would like to travel and live around the world for as many years possible.

I think stock market is the key to this.

I was traveling the world long before I started trading the stock market mate. It all begins with an understanding of how to manage your finances.

I know a person who makes 500,000 euro every year just from stocks.

I know people that make millions. It's possible. Just doesn't mean it's easy.

If I could make that money I wouldn't need to work for the rest of my life.

If you come away from this post with one thing, it should be this:

Investing and Trading with the Stock Market, is a lot of work. It affords those who do it full-time with a tremendous amount of freedom. But it's still work.