Stock market for beginners
The lesson here is to take some time and invest in self-education.
Don’t count how much money you have made or lost while you are in a trade - focus on trading well.
Use your head and stay calm – don’t get excited or depressed.
Learn as much as you can and apply the knowledge to whatever situation is applicable.
There will just be some that don’t move the way you may anticipate.
Don’t be influenced by the opinions of others.
Don’t trade other people’s ideas.
Buy a small amount at first and see what happens. If it goes down a little, buy some more.Technology allows you to buy and sell as many times as you want. The key to success is to develop a process or a plan that attempts to increase your probability of being right more often than wrong.
Never think that taking money from the market is easy.
Don’t try to guess the future – trading is a game of probabilities.
The bottom line is you have to PREPARE YOUR SELF to be successful, just like you would do it in other areas of your life.
Good luck and safe trading!