How Do I Become Rich?

Beginners should avoid complicating things trying to get rich in a day by
venturing into every nook and cranny without knowing a thing or two about them.

To begin with, you need a broker to handle your trades individuals don t have
access to the electronic markets. Your broker accesses the exchange network and
the system finds a buyer or seller depending on your order. Choose the right
broker rationally. This is a crucial point of money making from stocks.

Making money from stock markets requires trading in the stock market. Cautious
buying, holding and selling of stocks generate profits and money. Stock trading
is the function that interacts and organizes in the stock market.

As a beginner, you must understand in effect how the market works. You really
don t have to know all of the technicalities of buying and selling stocks.

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This market involves buying and selling of millions of shares all over the
world, and generates profit.
The first and foremost you need to know is the functioning of the exchange
floor, irrespective of whether you trade through the floor or electronically.

When the market opens, hundreds of people are seen fast moving about shouting
and signaling to one another, staring at monitors, and entering data into
terminals, or busy on cell-phones on the exchange floor. It looks like a
complete fiasco. However, by the time the end of the day approaches, the market
has worked out all the trades, and is all set for the next day.

These are the steps in a simple trade on the exchange floor of any major Stock
Exchange:


You instruct your broker to buy a number of shares of a company at the current
market price.



The broker s order department passes the order on to their floor clerk, the
dealing official, in the exchange.



From this person it goes to one of the firm s floor traders whose task it is to
find another floor trader wanting to sell that number of shares of the company
you wanted. Each floor trader has particular knowledge of which floor traders
deal in what stocks.

The two come together on a price and seal the deal. The notification process
moves backward along the line and your broker gets back to you with the final
price. You receive the confirmation notice in the mail after a few days.

Beginners should avoid complicating things trying to get rich in a day by
venturing into every nook and cranny without knowing a thing or two about them.


To begin with, you need a broker to handle your trades individuals don t have
access to the electronic markets. Your broker accesses the exchange network and
the system finds a buyer or seller depending on your order. Choose the right
broker rationally. This is a crucial point of money making from stocks.



Depend on your comprehension and your broker, who must be a professional. Never
bypass understanding fully the cause(s) behind a bad result when it occurs.
Learn from your experiences, document them, and keep reading them once in a
while.



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