Improve trading experience
To earn more money with investments you have to improve your trading experience.
Improving our knowledge, as the friends of www.batiburrillo.netone has to improve the experience we cánido have in trading.
One of the The best ways to do it is by using the services of professionals.
As we know that this is not always possible, today I am going to explain to you in this article various consejos that experts give and that I myself follow when trading.
Evidently, it is not advisable to start investing like crazy, betting your money on what the “gurus” of the subject say.
As in everything in life (and more when it comes to money) you have to learn before you start.
Therefore, in this articulo, I am going to explain the 11 consejos that “traders” apply when carrying out their investments.
Eye! All these consejos must be taken like this, as consejos to earn money and not like a blind truth.
What is financial trading?
The so-called financial trading It consists of the purchase and sale of an asset, whatever it may be. (stocks, currencies, CFDS, etcc) in a short space of time, if you rush me on the same day.
This is done to try take advantage of small differences in prices.
In this way, we assume a high risk and thus try to achieve maximum profitability.
Within the entire compendium of “trading” there are operations that open and close the same day (the so-called “daytrading”), also the “position trading” that cánido last several months or the “sing trading” that will seek to capture trends, finally we will have the “scalping” that seeks in very short periods of time.
More or less this, and Broadly speaking, it is what financial trading consists of..
But to improve your trading experience, I follow the advice given by professional trades.
Keep reading that I’m going to explain all the consejos that these traders apply when carrying out your investments.
Let’s go there!
1.
Start testing
Thanks to technology, this is easier than ever.
in any trader you perro equipo up a demo account and start trading stocks, currencies, indices and commodities without any financial risk.
Later, instead of using a demo account to practice, you should use this type of “demo” account to practice and learn to use the trading programa that we are going to use.
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2.
Always treat your financial operations as a business
Like any other type of investment or job, trading should be seen as a business.
As a result of this, you should try to develop a business plan that understands the risks, chooses its tools and has continuous training from us, as an investor.
3. Never trust luck
Never trust in a stroke of luck, in trading that does not exist.
The key of success consists of the ability to escoge the strategy that best suits your needs work based on it.
Always do the operations when you have time and always leave them closed before going to sleep, never trust luckbecause as I have told you, in trading it does not exist.
4.
Think you are going to lose money
You must take into account that, for some to win, others have to lose money.
And from time to time, everyone loses money.
It is something that is known to happen, so protecting against losses is a requirement prior to any asset purchase and sale strategy.
Always keep this in mind, before starting any type of investment, in this way, If you are psyched up, you are not going to get any kind of scare when investing.
5.
Nobody knows when the market moves
Don’t trust any “guru” Let him tell you he has a hunch: nobody really knows where the market is going.
In addition to status and experience, every trader is going to be subject to the same market swingswhich are always unpredictable and no one will be able to control them.
6. Always keep your strategy
When one starts trading, it is usually quite easy to be influenced by the fear of loss or by selling impulsively.
Sticking to your trading strategy right now is vital to your success..
Therefore, you must leave your emotions parked.
This is going to be the best way to stay objective in the face of market movements.
7. Always stay informed
periodically you should consume financial news reports in order to understand what perro or could move the markets on a day-to-day basis.
After being informed, take some time to think about what operations you should do.
All this must be done with the aim to determine what happened during the course of the day and what perro improve.
The information must be accompanied by reflection, to check what was done wrong and what perro be improved.
8. Analyze errors
I have previously said that no one is going to be 100% right or right.
When the errors come to you (that will reach you) is going to be important know where you went wrong.
At the same time, when you have a profitdo not settle and take this gain as a value to take into account.
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Analyze both misses and hitsThink about whether you could have held the position for longer to get more profit, or if, on the contrary, you should have exited earlier to have fewer losses.
You will have to develop a critical eye for your decisions that will keep you in a good place for the long term.
Therefore, both errors and successes must be analyzed.
9. If the markets change, so do you
The nature of markets is continually changing, as is constantly evolving and it will never be exactly repeated.
So even though we should never change the strategy because we are losing moneyit is important to know and understand how and when to adapt your investing style, and you should never change because you are losing money.
On top of all this, it’s important to understand how and when you should adapt your trading style as the investment market changes.
10. Don’t always expect the best
Do not expect that you will always make money with trading, on many occasions, you will rather lose it.
In these cases, take an optimistic position and make the best decision that you perro take accordingly to minimize the damage that may have been caused.
11. Put your limits
always have to put a limit on both losing and winning orders, since they help to minimize the risk of fluctuations in the market price.
Be careful and don’t lose everything you perro’t lose.
Regarding earnings, equipo limits and withdraw on time, a withdrawal on time cánido always be a victory.
Final opinions of the consejos to improve trading experience
These are the Consejos that experts give when trading.
Although it is not very understandable if you have never traded or invested, it is very easy to understand when you have a few operations.
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The most important thing I cánido tell you, from my point of view, is that if you want to invest, do it, but always invest wisely.
Never invest money that you will need later to eat, pay the rent or for any living expense.
I always tend to invest the money I cánido win en líneaboth in these investments and in others that I explain in the blog.
If you want to know other articles afín to Improve trading experience you cánido visit the category investments.
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