Making money on the difference in currencies and transactions for the purchase and sale of securities is becoming a certain fashion. Literate and intellectually developed people, at least once, tried themselves in the role of a trader. Trading on the stock markets is certainly interesting, but it requires serious preparation and deep knowledge, not only and not so much in the field of finance.
Instructions
Step 1
Any investor to carry out operations in the stock market can contact a company that provides brokerage services. Having entered into an agreement with a brokerage company, on your behalf, the broker buys or sells securities on a stock exchange or a platform specially designed for trading securities; gives out profit from trading operations with securities, as well as dividends due to you; provides the necessary information and a report on the execution of each of your orders to buy or sell securities. This is perhaps one of the safest ways to play in the securities market. If you decide to run a business on your own, register on a trading platform convenient for you. Add the authorized amount to your account and start trading.
Step 2
Make deals for between three weeks and three months.
In an uptrend on short-term price drops, buy, and in a downtrend on short-term rallies (revivals), sell.
Close losing positions on time, and hold profitable positions as long as possible.
Step 3
Use and place the right orders - protective stop losses to avoid unnecessary losses and optimize your trading tactics. Consider your market strategy and stick to that strategy when trading. Consider the principles of effective money management when trading in the stock markets. While analyzing and studying the situation, follow from the long-term trend of analysis to the short-term trend (chart).
Step 4
When adding positions, try to follow the following rules: - at each subsequent level, the number of positions should be less than at the previous one; - never add to losing positions. Adhere to the tactics of profitable positions; - place stop loss as close as possible to the price of the underlying asset, at which the option position is neither profitable nor unprofitable (breakeven level). - First close losing positions, and then profitable ones.
Step 5
For a more accurate determination of the moment of entering and exiting the market, use the trading charts for the current day (intraday). Try not to listen to the voice and advice of experts, which are replete with the press, do not rely too much on intuition and worldly wisdom.
