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You want to make money. How do you choose the right method for you?

Discussion in 'Making Money' started by Janos Hirsch, Dec 22, 2016.

  1. Janos Hirsch

    Janos Hirsch Newbie

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    For instance, I have a hard time understanding the stock market. To me, trading in the stock market is too challenging. I know, everything worthwhile is hard at the beginning. Yet almost everything that I started, after a few attempts I could at least slightly grasp. I have a few commerzbank stocks and all of them lost significant value. No big loss but having invested more, it would have been.

    With the stock market and all of it's uncertainties, I haven't found myself yet able to deal with. So do I conclude that the stock market is not for me?

    How do I fail faster? How do I choose the right method for me?
     
    Last edited: Dec 22, 2016
  2. davids355

    davids355 Jr. VIP Jr. VIP

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    Everything takes work if you want to do well.

    I would say first thing is to be very clear what you are trying to achieve - for example it might be to earn a lot of money.

    Then use that goal as your motivation and couple it with the knowledge that if you work at something hard enough you will eventually succeed.

    Also in my experience the best earners are the things that you have built up over time and so you simply can't get to those without perseverance.

    Second, and this is a bonus in my opinion - go for the methods that really interest you, that way even if it takes a while you can really enjoy the ride.
     
  3. gman777

    gman777 Jr. VIP Jr. VIP

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    Isn't stock market a pretty risky model?

    Why don't you start creating a website and learn a bit of seo?

    I found that anything that I consider hard at first(because it was the first time I've read about), became a lot easier after 2-3 days.

    I think it has to do with the fact that you need to let your brain process the information to store in the long term memory?

    Edit: In school, I was trying to learn a poem. No matter how many times I was repeating in that day, I just couldn't say it properly.

    The next morning, it was a joke...
     
  4. knowing25

    knowing25 Elite Member

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    The method is available out there, pick one you most interested, learn, and put it on practice and stay focus until you can earn.
     
  5. MisterF

    MisterF Jr. VIP Jr. VIP

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    " To me, trading in the stock market is too challenging. "

    In that case don't do it, simple.

    I used to trade options, I taught myself and made good money doing so.
     
  6. Janos Hirsch

    Janos Hirsch Newbie

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    Where did you learn from and how did you develop your strategy?
     
  7. W9go

    W9go Elite Member

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    i stopped stock market at all ........ i think it makes sense on big scale....with a view 1000 you don't do much over all ....