Trading is the art of short-term trading and easy movement in financial markets. This strategy has become fashionable in recent years, although everything is surrounded by an urban legend that says one can be rich by working only a few hours a day. However, buying and selling assets for profit can be a much more stressful job than hundreds of people imagine.
Although, thanks to the greater access to the Internet currently available, anyone can negotiate in the comfort of their own home, the real benefits are a tangible filter between those who know what they are doing and those who do not know it.
1. The trend is your friend
Having the trained eye to recognize a zero minute trend is a very important skill and a great advantage in the market for every trading professional. Adhering to high trends is much easier than sticking to those who fall, but staying stable is even worse. And if you want to go against a trend (which is also respectable), the key is to understand it in the best possible way to make the most of it.
2. Knowledge is the key, but that's not all
Training is always the best option, trading is a career that requires a lot of training, as long as the idea is not to lose money in a short time. Having technical knowledge allows for better performance and better reading of market indices, but it is not necessary to learn all the technical analysis of the world. Spending years looking for and trying to find very sophisticated techniques will only waste time and, with it, the opportunity to make a lot of money.
3. The loss is also won
In everyday financial professionals, the possibility of loss remains latent even at the best moments. Losing is something stigmatized in our society, it seems like the world ends when something serious happens. The truth is that being wrong is inevitable, but the mistake allows us to learn new things in the future. The important thing is to have a clear horizon and to be flexible with ourselves throughout this research.
4. The property does not last forever
For many analysts, the winning negotiator is the one who knows how to adapt to the market. There is no winning method and it will be important to not always work the same way. If a technique were good, it does not mean that it will always work, that the market is constantly evolving and that we must act according to what is observed.
5. A long road to success
Achieving a good performance is a long process, nothing happens overnight, even in unstable financial markets. Continuous improvement will be your best ally and the good thing is that it depends exclusively on yourself. A solid, long-term work structure offers the consistent profitability that any trader hopes to achieve.
6. Protect the future
"To win, you have to save," a phrase that more than one grandmother told us. And how much of a ration they will have, that in the world of negotiations, removing a minimum of "x" from the percentage of their annual earnings will be the best way to protect their future. It is not a question of being afraid of what will happen, but of intelligence and foresight.
7. Simple and unhealthy survival techniques
For many newcomers, the standard header is to buy low and sell, but this rule believes survival, but will not give us much fruit. It is important that the trader buys what is strongest and sells which denotes weakness. In this way, you acquire what is most likely to increase and generate even more benefits.
8. An alternative plan will be your trump card
The selected analysis will be one of your best allies. Whenever you are about to dive into the financial market, do not make a deal until you have completely desmanteado. And that includes having already described plans B, C or D before the unexpected. The most common plan is to define a "stop loss".
9. No luck, see you later
The bad risk can knock on the door of any trader, when you are in a bad time, you have to close all positions and let your ideas and intuition settle for a few days. But when luck is on your side, increase the size of the position and take advantage of the right market signals.
10. Your own rules
Other rules can be rules too, but it's important that you find what works best with your profile operator. Watch every day to learn about your operations and develop your own business principles.
