NOTE: Free essay sample provided on this page should be used for references or sample purposes only. The sample essay is available to anyone, so any direct quoting without mentioning the source will be considered plagiarism by schools, colleges and universities that use plagiarism detection software. To get a completely brand-new, plagiarism-free essay, please use our essay writing service.
One click instant price quote
Every day thousands of people all over the world are aggressively running around in one of the cramped up exchanges, trading stocks for money. Literally billions of dollars in stocks go up and down like a roller coaster. Being a broker or doing your own self-trading takes a lot of education and experience. To gain a significant understanding of how the market works one must work extremely hard.
About ten percent of people involved in the stock market know the market well enough to day trade. It is the most risky type of trading a broker can do. A day trader can loose a million or gain a million in one day. Day trading is uncertain and should not be taken lightly. Along with the big money involved in the stock market comes one of the most stressful jobs established by man. Obviously with putting a lot of money into stocks and not knowing for sure whether your going to gain or loose is something to stress over.
Literally you have to trade within minutes or seconds, to get the payoff you are after, timing is critical. As well, being a stockbroker is stressful in itself, trading someone elses money in order to collect commission is nerve racking. It is an interesting job. It fluctuates like the market itself. There have been many cases of day traders who have gained or lost a significant amount of their assets in a day. Few people could look at this, and see it in a positive way, because there is a chance you can gain.
The truth of the matter is, even if there is a slight chance you could loose your money it should not be attempted. Unless you have a strong financial base. I was recently reading a book called the guts and glory of day trading, statistically it said that 90 percent of people who day trade will come out with a significant loss. Further more day trading is a form of gambling. If you find yourself waking up every morning consistently thinking about the stock market you are addicted. This is something taken lightly by many people.
Many people whom day trade have both left their old job and are relying on the earnings from day trading. Perhaps they were an investor and got sucked in by the big payoffs. It is very appealing, because of the money involved, just do not, get duped. Thus trading is an irresponsible act. It benefits no one, but the imagination.
Statistics do not lie so do not be fooled by the money swarming day trading. It is essential that you feel secure, healthy, and stable. Do not throw everything a way on a tip, in your attempt to make millions. Just be content with what you have.
Free research essays on topics related to: stock market, percent of people, trading, loose, stocks
Research essay sample on The Risks Of Trading On Stock Market
