HELPFUL INSIGHTS FOR TRADERS.
"Every trader(s) desire or aim is to make profits" right? What is stopping you from making profits? have you asked yourself this question? if yes what steps have you taken to address the constant trading looses?
Trading is one of the best ways to break free from the 9-5 job matrix and live a life of freedom, but let's get one thing straight...
It's not a get-rich-quick scheme.
Before you set your expectations on making big bucks, a more realistic first goal is simply to not lose the bucks you already have.
Lack of proper information before the trade makes most beginners buy and sell at the wrong times, which leads to losses and frustration.
In all honesty, even experts make mistakes now and then, but it doesn't bother them.
Some of the top traders in the world conclude last year with eye-watering profits despite losing 75% of their trades.
A mistake many make by trying to profit from everything - jumping from asset to asset to catch every possible move, or worse, trying to win back previous losses.
To better understand price trends of the assets you wish to trade, you must conduct thorough research on them.
Options are known as the pearl on the crown of financial derivatives. Not only can options navigate through bull and bear markets, but also through volatile markets. There are profitable strategies for options in all market conditions.
Ranging from the most basic options concepts to options trading strategies, allowing you to easily learn options investing skills.
Create your auto-invest plan!
By setting up auto-invest, you'll invest the same amount of money in a target stock or ETF at regular intervals, regardless of price. It saves you time and the hassle of timing and placing orders.
And it also prevents a poorly timed lump sum investment at a potentially higher price and may lower the average cost per share.
I'll conclude this with words from WARREN BUFFETT On Earning: "Never depend on a single income. Make investment to create a second source."
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