Re: Trading Stocks(NYSE), anyone good?
with my long term investment statement i was referring to the reason alot of people lose alot of money on the stock exchanges.
This is because of afew reasons but i believe one key reason is because they choke when they see their investment may be losing value, in which case may sell their shares and do nothing but lose their money.
- what i was trying to say was to not choke if u see your investment falling. as i believe is it a major reason why people withdraw their funds at a loss. - for example with gold, we all know that economies go through business cycles and there is bound to be recession periods, peak periods, troughs etc and what i was trying to imply was if you were investing on gold not to choke when your shares were going down because when the business cycle changes they are more than likely going to increase.
Also i believe lack of education / research on what one person are investing in is another key reason for people to lose money and not knowing which industries / world events etc will have a postive or negative effect on ones shares.