Before I Start Investing And Trading Stocks, What Should I Learn About?

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Yes. At some point you got to play the game for real, but your first games shouldn't be in a casino or on a NBA court.

By knowing the following, you can be very successful at investing and trading for as little as 1-2 hrs per week.

Just like any other game:

  1. Learn the basics. Most brokers offer free investing classes on the web
  2. Basics 1: technical analysis (price statistics). You'll learn to answer "at what price and when" to buy and sell.
  3. Basics 2: fundamental analysis (finance, economics). You'll learn to answer "is this company good or bad"
  4. Basics 3: Trade plan. Know what you're willing to risk, your bet size (how much $ to bet), when to take your winnings. Great players don't sit at the table forever and risk giving back their winnings to the house.
  5. Have a Plan. Know Your Odds.  Make sure your investing/trading plan gives you more than a 50%expectation of winning. Either your strategy has more than 50% winners (meaning it's better than flipping a coin). If so, betting the same each time, you will make money more than 50% of the time. Or, your strategy may be less than 50%, but your betting strategy keeps your losses small, and the few times you make big money more than makes up for the small losses.
  6. Trade on your broker's simulator. You don't have to settle for a virtual portfolio. Keep stats of how you do. Do not risk real money until you know how to play the game. Some complain that they don't learn if they don't use real money. That's like stepping into a job or on the court without any training. That's a gambling junkie talking, throwing caution to the wind. Real businesses are in it to make money as surely as possible, and will properly train their people to do so.

We strongly advise you to consider learning from instructors who are professional traders themselves. What you learn from great investors and traders will more than cover the cost, instead of learning from your own experience (basically losing money a million different ways to learn each lesson).

If you're willing to spend money to pay for a gym class, or on education for a job, why not get trained correctly when it's about your financial future.

And really, it's also a part time job that could allow you to quit your real job and be financially free.

 

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Market Merchandise: Common Stock, ETF (Exchange Traded Fund), Stock,
Players: Trader,
Styles: Trading, Active Investing, Position Trading, Swing Trading,
Strategies: Directional,
Skills: Technical Analysis, Fundamental Analysis, Economic Analysis, Risk Management,

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