Stop Doing These Silly Mistakes and Earn Profit Smartly

Views:
 
Category: Entertainment
     
 

Presentation Description

in general, there are many things to remember while trading, but traders are not able to keep so many things in mind and as a result they make mistakes.

Comments

Presentation Transcript

slide 1:

Stop Doing These Silly Mistakes and Earn Profit Smartly – Trading Tips In general there are many things to remember while trading but traders are not able to keep so many things in mind and as a result they make mistakes. Here are some common mistakes that every novice trader as well as experienced trader commit while trading.  When you have some goal and you want to achieve it then your first step is to explicitly map out what your goal is. Whether you are planning to save for your retirement or you are saving for a house in 5 years you need to map out what your goal is. If you want to select the investment that fit your goal then you have to know what you are trying to accomplish. It is really hard to create an investment strategy that will get you somewhere without a goal in mind.  Earlier you can only get a limited amount of stock data available on newspaper. However these days it is the opposite. Simply with one click you can get a vast amount of information about a particular stock. It is recommended to carry out an exhaustive and effective market research when determining the stock to buy or sell. If you do a dirty work looking and uncovering essential information about a company then it is really hard to generate accurate share market tips. You can find a lot of information on the internet in a matter of seconds. But if you trust the information that is available on internet then you may get lost easily. As you will have no idea from where to start. This is the reason why you should know exactly what to look for in order to make the best decision.  Another common mistakes that usually trader commit is that they do not diversify their amount. You must take into account that diversification is an effective way to reduce risk.

slide 2:

Best example is that the bonds and stocks usually move in opposite directions which is the reason why including bonds in a portfolio is not to increase returns but to reduce risk. Traders must find a medium between risks and return.

authorStream Live Help