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This might be a BIG Request possibly the BIGEST Request on NextGenUpdate...
Can someone tell me how the Stock Market Works? (FTSE)
I can't seem to get my head around it beacuse you type it in on Google and it comes up with all these long words that have no meaning to me.
So i would like someone to create there own pice of text on how it works so i can understand it, im only 14 and i don't have a clue...
So please come someone help me out?
Now your probly asking why?
Well i want to undersatnd this beacuse my dad's mate started studying it and he has made millions. Now honestly you should see his house! And if you think his house is something you should see his backgarden its like 5 miles big!
So i would realy like to understand the stock market so PLEASE HELP ME!
I know what it means and how it works but i just don't understand parts of it... Im already doing business in school...
Originally posted by Outsider
You aren't going to get much of a good reply on this site with mostly younger gamers haha. Anyways, I took a class that had a semester of stock management, and right now, stocks are the worst it has been in a long time. Anyone going into stocks right now is a fool. Stocks is a game of chances, and you need a lot of money to invest to make a profit, like thousands. you just got to find which companies you think will be successful.
Yes i have seen that Lol. But i was thinking when im older they will be a bit better . I know i have to invest it just like who sould i invest in..?
I know what it means and how it works but i just don't understand parts of it... Im already doing business in school...
Yes i have seen that Lol. But i was thinking when im older they will be a bit better . I know i have to invest it just like who sould i invest in..?
That's for you to decide. There are many ways to play the market too. You can hold stocks for a week and sell them and only put little money in them and maybe make 100-1000 dollars in that week or lose about that much or you can invest long term and put a lot into a couple stocks. If you really want to make some dough but kinda risky is you put a lot of money into a couple up and rising companies. Like a couple years ago I put money into Chipoltle and made some good money. Just find a buisness on the rise and put money in it. Like everyone else said though it's highly doubtful you will become someone like your dad's friend. About 80% of people in the world hold stocks so look at all whom have succeeded lol. Hate to shoot your dreams down but it's not as easy as you are thinking it is lol.
That's for you to decide. There are many ways to play the market too. You can hold stocks for a week and sell them and only put little money in them and maybe make 100-1000 dollars in that week or lose about that much or you can invest long term and put a lot into a couple stocks. If you really want to make some dough but kinda risky is you put a lot of money into a couple up and rising companies. Like a couple years ago I put money into Chipoltle and made some good money. Just find a buisness on the rise and put money in it. Like everyone else said though it's highly doubtful you will become someone like your dad's friend. About 80% of people in the world hold stocks so look at all whom have succeeded lol. Hate to shoot your dreams down but it's not as easy as you are thinking it is lol.
Well wait a while and as soon as you see the stock market is rebuilding just shotgun it and invest all you got into a good company and when the market will be at its peak (dont wait too long) sell all you got well thats all I can explain from a 14 year olds point of view