Here’s where things get a little messy… You can open lots of different types of trading accounts, each of which might require a different initial investment. Let’s have a look at your options today.
I get questions all the time from people who want to know how to use many different technical indicators. Personally, I stick to simple indicators that are very predictable. But that doesn’t mean that there isn’t value is complex technical indicators. So today, I’ll tell you all about how to use the Golden Ratio in your trading.
Personally, I’m not one to use “advanced” technical indicators in my trading. It’s simply not my style. That said, you should still know about a wide variety of trading strategies and understand those techniques, as I do, so that if you find a particular strategy you like, you’re able to add it to your trading toolbox.
The resources available to new traders didn’t exist when I started trading, so I pretty much had to teach myself to trade. Because of that, I learned a lot of things the hard way. I came up with my own rules for trading that I stuck by and turned me into the millionaire I am today. Along with the rules I follow when placing trades, I also have lists of things to avoid when trading. Yesterday, we covered 3 items on my list of things to avoid, today, we will go over the other 7. Let’s jump back in today with number four on my list…
Dividend stocks can be a great way to build your account over time. It’s a classic strategy that has been used forever on Wall Street, but that doesn’t mean that is without risk. I’ll explain how to look for high dividend stocks and minimize your risk.
I don’t often talk about trading techniques that don’t directly deal with penny stocks. But to be a well rounded trader, you need to know about all different types of investment strategies. As markets change, you need to be able to adapt, and you well know, knowledge is power.