IF YOU HAVE NEVER INVESTED IN THE STOCK MARKET AND ARE JUST STARTING OUT; THE QUESTION YOU MAYBE ASKING IS:
WHERE DO I START?
SOME LEGITIMATE, SOME SALESY & SOME CONTRADICTORY!
SO…
HOW DO YOU MAKE SENSE OF IT?
HOW DO YOU APPLY IT TO GET RESULTS?
LET ME SIMPLIFY…
THE TRUTH IS THERE IS NO ONE WAY TO INVEST IN THE STOCK MARKET, AND I DON’T CLAIM TO KNOW “THE RIGHT WAY”! ONLY “RIGHT WAY” IS THE ONE THAT GIVES YOU THE BEST RESULTS! EVEN THOUGH, NO SYSTEM CAN GUARANTEE ALL WINNING TRADES AND GIVES YOU 100% RESULTS! YOU CAN LEARN AND FORMULATE A SYSTEM THAT LIMIT RISKS AND INCREASE YOUR WINNING RATE.
BUT HOW?
FIRST-LEARN HOW IT ALL WORKS. LEARN CONCEPTS, TECHNICAL ANALYSIS, FINANCIALS, STRATEGIES, ETC. IF YOU DON’T LEARN THIS, THEN YOU WILL ALWAYS BE LURED BY OTHER PEOPLE’S OPINIONS.
NEXT, APPLY WHAT YOU HAVE LEARN AND CREATE A TRADING/INVESTING SYSTEM. BACK-TEST YOUR SYSTEM, PLAY WITH FAKE MONEY, INVEST SMALL AMOUNT, ETC.
THEN, KEEP LOG OF YOUR TRADES AND REASONING BEHIND IT. ADJUST YOUR TRADING SYSTEM ALONG THE WAY. LET YOUR WINNERS RIDE AND ALWAYS HAVE A PLAN FOR “WHAT IF’S…”.
THIS IS HOW PROFESSIONAL TRADERS SHIFT THE ODDS IN THEIR FAVOR, PRODUCE HIGHER CONSISTENT RETURNS AND LOWER THEIR RISKS.
IF YOU ARE TRADING HAPHAZARDLY & ARE SWAYED DAY TO DAY BY EVERY SENSATIONALIZED NEWS YOU HEAR, YOU DON’T HAVE A CHANCE! YOU WILL BE TRADING ALL OVER THE PLACE AND GOING NOWHERE!
IF YOU ARE LOW ON FUNDS OR YOU THINK I’M SOME CRAFTY, CUNNING, TRICKY SALESMAN…OUT TO STEAL YOUR MONEY,
IF YOU ARE LOOKING TO STRENGTHEN YOUR INVESTING/TRADING KNOWLEDGE PAST BASIC COURSE, LEARN MANY ASPECTS OF TRADING AND INVESTING STRATEGIES, LEARN CONCEPTS AND WIDELY USED SYSTEM
Best Demo/Paper Trading Sites
If you are brand new to investing & have never traded a security. You may want to start by paper trading. This will mimic live trading, but it will be with fake money! It’s like a trial run before the race..
Ready To Invest? Find The Best Broker
Before you can start investing and trading your money, you will need to open a brokerage account. Once you place a trade order the broker will execute that trade for you. There are many sites that will be competing for your business, so do your research. There is quite a bit competition out there…
Ready To Place A Trade- Common Trade Orders Explained
Four most common order types you will be placing-Market Order: An order to buy or sell a security at once at current market price. This type of order guarantees that the order will be executed but does not guarantee the execution price…
How To Develop A Trading System
I’m a big proponent of creating and working in a trading system. Even if you are a novice, I encourage you to start the documenting process…
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If you are not short-term trader but plan to be a long-term investor, then understand that you are INVESTING in that company…
Understand That Price Is Baked Into The Value
One of the biggest mistake novice investors make is they will see something or come across a product or service they like so they buy a stock in it. An example of this would be; I like coffee from “Starbucks”, so I’ll buy their stock…
Understand That Price Is Baked Into The Value
One of the biggest mistake novice investors make is they will see something or come across a product or service they like so they buy a stock in it. An example of this would be; I like coffee from “Starbucks”, so I’ll buy their stock…
Understand That Price Is Baked Into The Value
One of the biggest mistake novice investors make is they will see something or come across a product or service they like so they buy a stock in it. An example of this would be; I like coffee from “Starbucks”, so I’ll buy their stock…