The Online Stock Trading Millionaire.

So you’ve probably heard that 98% of millionaires increase or create their

wealth investing in the stock market. Did you also hear that 80% of them

started with nothing? All of a sudden stock trading may seem like the way to

go and you’re raring to understand what you need to embark on this riveting

journey. As you’ve learnt by now, with high rewards also comes high risk, but

it’s starting to strangely unsettle you to hear about studies showing that the

number of millionaires in the world are hitting new records. All you want to

know is, “what do they know about the stock market that I don’t?” 

With online stock trading a finger-click away, there is nothing stopping you

now. You want a piece of the pie, or at least, to make a reasonable profit

befitting a reasonable man. It’s not quite the same as playing lotto, with

fingers and legs crossed, a silent prayer to boot. But firstly let me dispel an

illusion; on most occasions stock market millionaires don’t pop up by making

a big win on a lucky draw. No, the stock market is not the same as gambling.

It’s become obvious to you by now that quite a bit of strategy is involved.

So finally it comes down to this; “how much research and study do I need to

do to know where to invest? To know when to buy and when to sell?” Well

there are 101 websites that promise to tell you that. Some actually mean what

they say, and others say what they mean. It can get a little daunting, so let me

break it down;

1.  Attitude is everything. Isn’t that where most people go wrong? Let me

put this another way; you already know how 98% of millionaires

increased their wealth. But how many of the total US population are

millionaires? Out of just over 300 million, the 2009 estimate was 7.9

million millionaires. That’s 0.025% people with the right “millionaire

mind.” All of a sudden 98% takes on a whole new perspective, doesn’t

it?

Actually, let’s not go to point 2. There’s lots more to say on attitude, because

that’s really what’s going to decide it for you. Your attitude decides your

dedication, your adaptability, your approach, your ability to make contacts, to