All started out of curiosity
Gabriel Aldea said the first contact he had with the stock exchange was in 2001 when he saw a colleague on Bucharest Stock Exchange’s webpage.
“At that point I did not know too much about Bucharest Stock Exchange. I finished my university of Management at ASE and I had the basic knowledge, but many things that were happening at the Bucharest Stock Exchange were not familiar to me,” the broker said.
His first reaction was reserved and reticent, but his curiosity was aroused by one of his engineer colleague, who invested at BSE. The first impression was rapidly turned into curiosity, at that time, Stock Exchange’s website provided real time trading.
“I found the idea of transparency rather interesting, and also the fact that you had access to these information,” he said.
Another interesting thing was that BSE’s website periodically uploaded earning reports of the companies floated at the stock market, and in 2001 was one of the few sources that gave full information on the stock exchange and investments.
First trades were made on a virtual online trading platform
First step to investment was made through an online stock trading platform provided by Intercapital – MarketMaker.ro.
“The exercise was very useful. I learned all about market mechanisms. In first month, I had 10-15% profit, and after only three months, I registered a 20% loss in the context of a market correction”, said Gabriel Aldea.
“The losses I had were extremely high, but they were also triggered by the fact that I was carrying out many transactions. The commissions at that time were considerably high, at 2-2.5%, above the current market average,” broker pointed out.
Later on, the investor realized that investing in stock market does not only mean profits, but also risks, you must take.
Investment at the stock market may gear 20-30-50% return, or even more, higher than a deposit’s yield, but can also trigger 50-60% loss.
Investment simulator helped the future investor to realize what his opportunities, and risks, the next step being actual investments.
Translated and adapted by Camelia Oancea.
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