Stock exchange - Now poverty removal

Stock exchange - Now poverty removal

Years ago, ticker tape is the known machine inside the stock exchange used mainly to trade stock movements by recording every transactions and relaying the results. Be as it may, ‘tick’ is a term used to describe the slight movement of stocks.

However, it is dangerous for a novice to venture into stock exchange without a bit of knowledge on how to translate ticker tape readings, because for one transaction, the tape would record several characters and symbols such as:

Symbol {1} - it’s an indicator that reveals the stocks that is being traded by the investors.

Symbol {2} - shows the number of shares traded. For instance, if the number of shares were in thousands, the reading could be something like 4k for 4000.

Symbol {3} - are numbers that designate the trade & the price of that particular stock. This is also known as the last bid price.

Symbol {4} - are either an up arrow to show that price of stock is headed up compared to yesterday’s closing price or it will be a down arrow showing that the stock price is headed lower.

Symbol {5} - are set of numbers showing range of change in the price of the stock for the better or the worse.

You could imagine the tears and rigorous stages investors have to pass through before investing or trading in stock exchange. Thanks to technology-such tears are now removed because the days of ticker tape being used are over, the modern day ticker tapes are now electronic. The only place you are likely to see a ticker tape machine is in a museum. Electronic trading now replaces ticker tape.

Gradually, instant stock buying and selling came into limelight. Yet with another problem in the financial settlement period which in most cases often takes much, much longer time. It is possible to buy a stock and delay the payment for another 10 business days. This is a common practice to try to sell the stock for more than its worth before you pay for it, in an attempt to make a profit

Today, stock exchange is not just a place where stock is being traded but, bonds, securities, commodities and countless other things are traded। The evolution of technology has change the module operand surrounding stock exchange business across the globe – one unintended result has been the rise of day trading.

Day Trading, makes you rich

This is an act of buying stock and selling it within one day’s time. This is only possible electronically. Therefore, it suggests that if day trading is done with the right foresight and financial advice, that person can make quite a lot of money each day. But day trading must be done with absolute care and among the factors often considered closely before investing includes the followings;

Trend trading –this is the simple idea that stocks that have been going up will continue to go up and stocks that have been going down will continue to go down. Investors here depend only on historical records/trend that clearly spelt out the positive or negative performances of the intended stocks to be traded within specific period of time.

Range trading – is the practice of buying and selling stocks once they reach their perspective heights and lows. Investors are alert to the movement of stocks and are able to identify the buying or selling time.

News trading – is the techniques that involve buying stocks that just released good news. Most investors listen to stock analysis on TV programs, news papers, and internet or consult specialist for proper guide as to the news that could lead to better trading output.

Day trading is increasing in popularity every year and it has become a steady source of income to the poor, though the potential for significant loss it’s very real, yet many investors still continue to walk the tight rope of day trading. Investors are more focused on making profit and perhaps planning for future retirements to alleviate poverty, as their investment is expected to yield returns. (www.povertysolutiontips.blogspot.com ).

Despite the simple made easy electronic stock trading system, millions of people all over the world are yet to take the full advantage of stock exchange as a means of removing/reducing poverty. I classify the militating factors as:

1. Education

In most underdeveloped world, where population is impregnated with illiterates, many who has the money to invest could not see the essence of keeping such capital with an unknown company in the name of making profit…….what if the company collapse? What happens to my hard earned money? These and many other questions swim endlessly in their mind, thus become passive to investment especially where they will not be opportune to participate fully.

2. Capital

Many have a lot of misconceptions about how much is actually needed to invest on stocks. Others says stock business are for the rich and not the poor, They are not out rightly wrong because some companies do not accept peanut, for instance you can not start trading in the NYSE unless you are a broker or en route your buy or sell order through a broker. And for you to be a broker on the NYSE, you will need to start with a million dollars.

Besides, there are growing companies or brokers that live on commissions through whom you can route your stock for buy or sell. I think stock investment is gradual and continuous depending on how much you intend to start with …the sky is your limit but the important thing is to begin. I started with just $25 trading some low priced stocks. You can do it too.

3. Fear of being defrauded

In fact, many stockbrokers are criminals and that underlines why investors select company is that are tested and trusted before investing their hard earn money. Not just getting a stockbroker but also working with a reliable and honest stockbroker calls for concern.

FEAR NOT

In conclusion, the idea of RISK should not becloud your thought, thus, depriving you from the gains and excitement of investment as a means to sustaining your wealth and lifestyle for better tomorrow. The successful men and women of our day are the radicals and aggressive investors because life itself is all about risk. BE FREE TO INVEST AND STOP WORKING FOR MONEY BUT LET YOUR MONEY WORK FOR YOU… BECAUSE STOCK EXCHANGE IS NOW WITHOUT TEARS.

ADELUSI80