Money Making Schemes

Nagesh answers:

HOW TO MAKE BIG MONEY IN THE STOCK MARKET?? – It’s easy you must know what you’re doing, why you’re doing it, how to do it and know the rules & regulations that govern what you’re doing.

To be a trader you must first learn how to invest. You must know the products and the markets in which they trade, how security transactions are cleared and more importantly you must know the rules that govern those products and markets. . You should start by reading “Investing for Dummies” by Eric Tyson.

Here’s a list of books you should consider, at least read half of them
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
How to Trade in Stocks, Jesse Livermore
Millionaire Traders, Lein & Schlosberg
One Up on Wall Street by Peter Lynch
Reminiscences of a Stock Operator, Edwin Lefevre
The Disciplined Trader, Mark Douglas
Trader Vic-Methods of a Wall Street Master, Victor Sperandeo
Trader Vic II-Principles of Professional Speculation, Victor Sperandeo
Trading for a Living, by Alexander Elder
Trading in the Zone, Mark Douglas

And when you think you want to trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/
and/or http://www.tradingsimulation.com/

Before you enter your first order you need to address four major policies and have very strong discipline to follow them
1 – You need a written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. Always use stops either to protect you on the down side or to lock in profits on the up side. Never trade on emotions, when emotions get involved walk away. Don’t try to out-smart the market, you’ll loose but if you always take what the market is willing to give you, you’ll be successful. Other words, you don’t trade against the trend since the market is always right. And NEVER trade on emotions, once you let emotions in your trades you will loose
2 – A written money management program is essential. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested. Never go into a trade without knowing when and where you are going to get out of it. Never let a loss on a trade get greater than 8%-10%, always take you loss and walk away – don’t loose more than you need to and don’t be afraid to take the loss. Remember you never can get hurt taking a profit. Never average down, but you can average up.
3 – You must have sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you can trade and/or invest. Margin can be used but only with restraints, never let the account wall below 45% equity. Unless you fully understand margins you should not use it.
4 – A full and complete understanding of the rules & regulations of the industry. If your going to play in the game be sure you know the rules of the game and always follow them.

Unless you are willing to study and follow the above you will never make it as a trader. To be successful as a trader it takes work and constant study of the markets and the products traded in those markets, there is no easy way

Nagesh answers:

Think about you can do to enhance a product or make a product better. The ability to use that mind to create is powerful and

keeping it thinking about the next big idea. Watch Donnie Duetche The Big Idea to understand what I am talking about..,.. It

is a tv show that discusses millionaire ideas and people that come up these ideas.
The education isn’t easy to get if you already have kids but I would highly recommend paying the price to get it so you have

the ability to earn high level of income at home. PS some education 2 year and 4 year programs can be done at home online.!.!!!!

Nagesh answers:

Get some training for Medical Transcript, Medical Coding, its an at home up and running business… Great pay too…

Nagesh answers:

Go for internet marketing or data entry job.

Nagesh answers:

You can certainly start a home business — a professional corporation or professional LLC might be your best bet, as you’ll need to submit a professional license for corporations that provide professional services (including medical).

Then, you’ll need to determine the various permits and licenses you might need from the state, county, or city. To do this, either hire a corporate attorney or third-party service, or contact your state and local governments and find out what is required.

Hope this helps!