It wasn't until just recently that I learned about Binary Options. Ironically, I wasn't even looking for stock info at the time. I was actually participating in one of those "pay-to-view-ads" sites, and it showed me an ad for a site talking about options trading. So I clicked it, hoping it wouldn't take to long to get a few measly cents for viewing the add, when it caught my attention.
From there I spent all night trying to learn about Options Tradng and where I could get involved. I learned the good, the bad and the gray. The good being that you can invest small amounts (like $10 to $30) and that it's not as risky as your average stocks. The bad being that there are all sorts of bells and whistles that can be used either to help you make more money, but usually just ends up taking your money. The gray area, for me at least, include the fact that the Rothschild's happen to have made much of their fortunes on out-dated versions of binary options trading. It's in the gray area, because I consider it amazing that someone could find such success through binary options, but I also find myself a bit repulsed at the idea of playing a money game that the likes of the worlds elite are involved in. Seriously, it may seem silly to some, but that notion almost turned me away from binary options all together.
Though my little voice of reason stood out and decided that stocks and binary options are tools, and tools are only dangerous in the hands of some. For others, they can be used for amazing endeavors that help instead of hurt others. So when I make my millions (haha), I will follow my original plan if I ever made lots of money, where I will make sure to give back and help entrepreneurs in need. It's something I wish someone would do for me now, and a way that could truly help our world.
Saturday, December 10, 2011
Sketchy Beginnings
Okay, first I would like to say that I have absolutely no stock trading experience. Though I will admit that I have been eager to try out trading for a long time, and so I have some amount of education in the matter. Plus, any time I don't know something, I go out and learn it, because knowledge is the only power that really matters in this world, the rest is just experiences to be enjoyed.
So, with my utterly horrible lack of experience, I have decided to venture into the world of Options Trading, which frankly, is the only type of trading I can afford to get into. I love a good gamble, but I am certainly not going to put up any large amounts, because I don't have it. I'm a writer, and it just hasn't paid off yet, so until then, the low double digits are as far as I will go.
Now, the only other thing that has held me back from getting into trading before, was the lack of knowing which stocks I wanted to trade. A lesson I learned early on, is that you need to pick a stock and take the time to observe it, to know it's behaviors before getting involved with it. Which always left me in a bare spot, because most of the stocks were in companies that I either knew nothing about, or didn't want to have anything to do with.
So when I learned a year ago that some cannabis businesses managed to sneak onto the stock exchange, I started keeping track of them. Not only for future investments, but because I love seeing the culture of cannabis sneaking into every part of our society. It's an amazing time to be a part of the Green Rush.
So now that I have a small bit of cash that I can spare, and there are online trading platforms that allow Binary Options, and I know which stocks I want to trade with, I am going to dive into the chaotic world of trading, and see how I do.
As I go through the ups and downs of this all, I will blog about my experiences. Feel free to follow me and learn from my mistakes and triumphs. Hopefully things will go well!
So, with my utterly horrible lack of experience, I have decided to venture into the world of Options Trading, which frankly, is the only type of trading I can afford to get into. I love a good gamble, but I am certainly not going to put up any large amounts, because I don't have it. I'm a writer, and it just hasn't paid off yet, so until then, the low double digits are as far as I will go.
Now, the only other thing that has held me back from getting into trading before, was the lack of knowing which stocks I wanted to trade. A lesson I learned early on, is that you need to pick a stock and take the time to observe it, to know it's behaviors before getting involved with it. Which always left me in a bare spot, because most of the stocks were in companies that I either knew nothing about, or didn't want to have anything to do with.
So when I learned a year ago that some cannabis businesses managed to sneak onto the stock exchange, I started keeping track of them. Not only for future investments, but because I love seeing the culture of cannabis sneaking into every part of our society. It's an amazing time to be a part of the Green Rush.
So now that I have a small bit of cash that I can spare, and there are online trading platforms that allow Binary Options, and I know which stocks I want to trade with, I am going to dive into the chaotic world of trading, and see how I do.
As I go through the ups and downs of this all, I will blog about my experiences. Feel free to follow me and learn from my mistakes and triumphs. Hopefully things will go well!
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