Make Money Online By Trading

A friend of mine recently lost $100,000 within a couple of days by dabbling in something he knew nothing about - options trading. Don't get me wrong; it's a great way to make money online, if you know what you're doing.

If you're thinking of making money online by doing any kind of online trading, make sure you equip yourself with all the knowledge and training you can get. Capital preservation is important. Risking it all as an act of blind hope is just plain stupid.

Practise with paper trading before you use real money, and keep going for refresher courses. The market changes, so you need to keep up to date. Start with a modest amount of money, such as US$2,000. As you become more experienced, you can invest more money.

Even if you lose some money, and you will, don't give up. If you know how to make money online, you can live anywhere and work and play anytime. Be blessed.