You can’t be expected to become an investment expert overnight and even the most successful investors have all made trading mistakes that they have had to learn from. If you are thinking about trying to accumulate some wealth by playing the stock market it would probably save you time and money if you can avoid some of the classic rookie errors that so many inexperienced investors make. Here are some of the regular mistakes and…
Penny stocks are such a cheap investment that it’s tempting to just dive right in. However, this isn’t a smart strategy for making money. Instead, you should start by researching these three essentials before you start trading penny stocks. Market Regulations Image via Flickr by beast (hideous) Before you trade any stocks, you need to understand how the special markets where most penny stocks are listed work. Over-the-counter (OTC) markets are different than markets like…
This might be a bit imaginary statement. But it has a huge meaning in the trading business. We are talking about the real focus of trader’s in this business. What you should aim to run your trading business, will define how long our journey will be. People may think making money should be everyone’s main concern. But, it is not the main focus of a trader. Instead, everyone should be thinking about improving trading quality,…
As you are trading in Forex, you may want to know how you can get rich in this profession only by trading. It is not bad because every trader wants to get rich. It is the primary goal of the traders to make money and when they do, they want to make more. The only way to satisfy human is by making a huge amount of money. This amount of money will make you rich…
In a business, a person is relieved of the pressure from their bosses. With a company, he or she is running the business and can be the boss. A business also provides a lot more freedom in decision making and implementing them in the working process, something which is not available in a day job. So, you can say a business is more acceptable for all people around the world. But in actual fact it’s…
It is always sensible starting off with a demo account. Most online trading platforms and brokers offer demo accounts to registered users. You can dip a toe in the water without risking any of your hard-earned capital. Test your trading strategies, learn the ropes, and decide whether online trading is for you. The next step is to step up to a live account. But how do you know if you are ready to make the…
