Trading tips # 1
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Trading Tips
Trading is a profession, which requires constant training and learning in many aspects. These branches that we need to know and learn in order to be successful are: Of the technical type, fundamental and what for us are the most important points, "the psychological and emotional"
Many people who want to venture into this world of investment and trading think that, with a high knowledge of the technical and fundamental part can earn a lot of money and the reality is that if you do not manage well your emotions and the psychology involved in entering the market either buying or selling an asset, success can become increasingly difficult.
For this reason, we will be bringing you a section of trading tips, mostly on the emotional and psychological side so that all who undertake this path can have support in the content that we bring for all of you.
This time we bring you 7 important trading tips:
Tranquility
Don't enter the market seeing what to buy or what to sell, have a clear idea of which instruments you want to trade. Do not trade by instinct but with the possibilities already clear and established.
Patience
When you enter your trades, define both take profit and loss prices. And be patient, if you trust your analysis and there has not been a news that modifies it, trust your decisions and be patient until you reach the defined objectives.
Step by step
There will not always be tradings of 100 USD profit in a single entry, it is better to make small trades, often adding up to 100 USD in a certain period of time. In this slow, sensible and thoughtful way you avoid taking so many risks.
Choose a small group of financial instruments
Concentrate on a small group of instruments that allows you to become familiar with them. Both technically and in the news that moves these assets. The one that covers little, squeezes more.
Information
It is good to be able to listen to the opinions of other traders, especially if they are more experienced than you, listen to their visions and opinions about the markets, but with skepticism. Finally make your own decisions, based on your own analysis, always maintaining a high degree of critical spirit.
Formation
Someone once said to me:
To learn how to invest, you always spend money. Whether it's because you pay for a course to learn and/or because you don't pay for it and want it for free, but you lose your money until you've really learned!
There are a few exceptions to this statement, but it's normal. The first thing you should invest in is training, that way, you will be able to save some losses at first.
Rest
Do not spend 100% of your time in the markets, it is necessary to rest, as breaks are also important. Whether you've made a profit of 1000 USD or 10 USD, it's a good idea for the trader to leave the market for a while, whenever he can. The probability of losing increases more when your money is inside than when it is outside the markets.
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