“If you don’t know what to do, if you don’t know how the stock market behaves, you can lose a lot of money. Most investors are complete idiots. But if you know your way around the market, you can make a lot of money in a very short time,” Ahmed said.
DAVAO, PHILIPPINES —-Lack of knowledge on stock market basics and how the market behaves have been blamed for losses in stock investments, according to a Davao stock market analyst.
Jamil Ahmed, a stock trader, market analyst and former equities account executive of a Makati-based brokerage firm said the risks for losses are too big for people with money who are ignorant of the stock market. “If you don’t know what to do, if you don’t know how the stock market behaves, you can lose a lot of money. Most investors are complete idiots. But if you know your way around the market, you can make a lot of money in a very short time,” Ahmed said.
The Davao stock trader said he was happy that the Philippine Stock Exchange (PSE) has finally recognize this need to mount a nationwide education program for local investors who want to learn stock trading basics. “It’s about time the PSE do this type of education campaign. I think they’re making the right moves at the right time when people really need this type of training in the stock market” Ahmed told Philpress.
Ahmed who runs his own private fund Goldelyonn and the website Pinoy Stock Trader at www.pinoy777.wordpress..com, said he also want to help people “in my own little way to understand the basics techniques in stock trading like how to select the right stocks, how to avoid losses, when to sell, etc so they too, can benefit from this bull market that started late last year”
The stock trader has already started receiving several inquiries on the stock trading seminar forum he also plans to set up in Davao sometime next month.
PHILPRESS NEWS
Posted on December 5, 2010
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