Yes, it’s possible to make a good monthly income from stocks. Through stock market two most important types of trading helps you to make money as
1. Day Trading (Intraday Trading)
2. Delivery Trading
In day trading, all you need is to make purchase and sell stocks at same day. Whatever you purchased, it will be automatically sold out 15 minutes prior market closed.
In delivery trading, you can purchase the stocks of particular company and you can sell whenever you want. It means you can sell either at the same day or you can take days/months/years to sell them. It is one of the best way to hold the assets and sell them with good revenue.
Well, if you target $1000 per month then, you must invest at least $100-$1000 for a monthly income from stocks. Also it depends on company progress. You need to invest your money accordingly as
1. Invest $100 in each ten best companies. You must need to check the company historical data and ratios before investment.
2. It is possible that a company can convert your money from $100 to $300 or more. But, it is also possible that a company can decrease the value from $100 to $50. You can purchase more stocks at price of $50 so that you can cover the investment and make profits.
3. Intraday is one of the best option of make monthly earnings. Through this trading option, you can put less money and purchase the whole stock and you can sell it once you received your revenue. You can also do commodity trading and currency trading.
For example – You purchased the share of $100 by paying just $10 for it and you can sell when share reached to $110-$120. If you purchase 10 shares by paying just $100, you can make $100 in a single day and if you purchase 100 shares by paying $1000, you can make $1000 in a single day. The most important thing you should be in mind is your study about the company and your skill to invest in rewarding time and sell out with profit.
If you are not professional investor, you are just a beginner then, it would be best to do intraday trading with very low money which even you lose, you don’t feel sad. Delivery trading is the best option for beginners.
Yes, you can make monthly income from stocks. It is possible that few days you could face lose in your pocket but, remaining days, you can make good profit which can be a reason of your good monthly income. You can open a trading broker account and sometimes you can follow the broker tips along with your study which could help to make good income.