“How much money do you need to trade stocks?” is one question that beginning stock traders frequently ask. Let’s explain startup costs for those interested in transitioning from a casual “long-term” trader into a “short-term” day trader. The answer is a bit complex for several reasons. 1. There are several types of trading strategies for purchasing…
How Traders and Investors Overcome Fear and Greed Just two characteristics separate you from the wealthiest people on Wall Street: effort, and emotional discipline. The former is straightforward. The latter is not. The greatest investors and traders in the world are impressive, but they’re not all rocket scientists. They possess no inimitable genius, no ability…
Most Currency is Digital In the first heist scene in Bonnie and Clyde (1967), Clyde Barrow–played by Warren Beatty–barges into a rural bank, pistol drawn. Unexpectedly, the bank teller inside doesn’t react. CLYDE (nonplussed at this) Gimme the money! TELLER What money? There ain’t no money here, mister. [. . .] The camera pans…
How Much Money Can I Make Trading Stocks? Answer: As much as you want! This is one of the most popular questions people ask when they are trading stocks. The beauty of the stock market is that you can literally make as much money as you want. There is no ceiling or pay cap because…