The above video presentation outlines very well the high risk that is involved in trading the markets. However, if you can establish your risk tolerance and manage it you could be on your way to a coveted position, becoming financially independent.
Introduction
Most people can do
with some extra money. If you were to
have just one financial goal in life it should be to make new
money. If that is the case, then you will realized that that goal will answer
most of your other financial goals. Some people do overtime, some take on another job,
some may use their skills in an entrepreneurial fashion. However, all the
previous options to make more money require a considerable amount of time to
satisfy a new boss or new clients.
Another avenue one may use is to acquire the skill of trading in the stock market. The opportunities that are available in these markets are overlooked because they are misunderstood and miss used. Even though there is the possibility for huge losses, this normally would occur when there is a lack of proper planning, execution and greed. Nevertheless, a very small percentage of our society who are disciplined, mastered the planning and execution of strategies in the financial markets are the ones who are not in poverty in a society of abundant wealth.
Another avenue one may use is to acquire the skill of trading in the stock market. The opportunities that are available in these markets are overlooked because they are misunderstood and miss used. Even though there is the possibility for huge losses, this normally would occur when there is a lack of proper planning, execution and greed. Nevertheless, a very small percentage of our society who are disciplined, mastered the planning and execution of strategies in the financial markets are the ones who are not in poverty in a society of abundant wealth.
The Intent
My intent in this blog is to provide information on how to use
virtual trading sites as a training ground before getting into real investing
or trading in a real account. With the easy access to computers and the
Internet anyone who wants to do so can develop the skill in due time and become
a successful trader. Notwithstanding,
that everything is not for everybody; individuals may chose their trading style
based on their risk tolerance and accomplish their financial goals using the
stock market as a vehicle to do so.
There are many
established norms and assumptions associated with the stock market and trading
it makes you wonder if these were set up deliberately or became self-fulfilling
prophesies. Nevertheless, in this journey of practicing in a game and implementing
strategies learned in reality isn't something new. It is used in other
industries and could be applied in the stock market. There are other markets
that provide the opportunity of trading but this blog will be focusing
on trading stocks.
This blog will be addressing the major concerns that are associated with
trading. We will see how to minimize them. I
will share alternative view points to what most people accept as established
fact. I will also, in a synergistic form put together various principles from
unrelated disciplines to help traders succeed consistently trading in the stock market.
Caution
According to the Federal Trade Commission, 'How-To' Products Promise Extravagant Profits, Few Risks, While North American Securities Administrators Association Says 70% of Day Traders Lose Money. Please visit the FTC at the link above. The information provided on this site is for educational purposes only and does not give trading, investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances. Because of the nature of financial leverage and the rapid returns that are possible, day trading can be either extremely profitable or extremely unprofitable, and high-risk profile traders can generate either huge percentage returns or huge percentage losses. Anyone who chooses to use the information here in real trading does so at their own risk and will be responsible for their gains as well as their losses.
Caution
According to the Federal Trade Commission, 'How-To' Products Promise Extravagant Profits, Few Risks, While North American Securities Administrators Association Says 70% of Day Traders Lose Money. Please visit the FTC at the link above. The information provided on this site is for educational purposes only and does not give trading, investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances. Because of the nature of financial leverage and the rapid returns that are possible, day trading can be either extremely profitable or extremely unprofitable, and high-risk profile traders can generate either huge percentage returns or huge percentage losses. Anyone who chooses to use the information here in real trading does so at their own risk and will be responsible for their gains as well as their losses.
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