Starting Young

Submitted by Stock Market News on 11 May, 2011 - 17:26

Should you trade in your 20s?

Starting early in the stock market is a good way to take advantage of compounded interest. Its also a good opportunity to sidestepping a regular 9 to 5 job, and eventually earning money. But the thing is, making money out of the stock market is not as exciting as what the Wallstreet or Boiler Room movie portrays it to be. Sure you have the chance to earn a lot of money, but being successful at share trading takes a lot of work, and long hours in front of the computer on your own. So before you commit to trading for a living there are still some points that you have to consider.

Trading involves lots of studying and commitment. It also takes place in a fast paced financially stressful environment. Like what was already mentioned above, it can be a solitary pursuit. It will involve a lot of risks and dealing with numbers. It takes more than 10 years to earn six figures, unless you start with a big capital and manage to get a rate of return at 10 percent or more.

In consideration of the points above, you have decide if this is the type of life that you want to spend, considering your age. Trading is a money driven long term pursuit. If your an idealistic sort of person, your better off spending your savings going to places, meeting new people, and learning new things.

For a young person, its better to figure out yourself first before jumping into trading. If you decide to pursue trading, seek out a successful trader or join a financial organization that can help you invest. In the long run, no money can substitute for experience, so its best to find something that's personally enjoyable before setting yourself in a serious goal.

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