Trading stocks on the stock exchange is a profitable process, but quite risky. Many stock trading methods that previously gave the expected result now lead to a minus. But there are basic rules that can be useful to novice traders at any time.
It is necessary
Finance, access to the virtual exchange
Instructions
Step 1
To be successful in practice, study theory as much as possible. You need to master the professional terminology used on the exchange. The bulk of the sellers on the exchange fail because of their ignorance in this area.
Step 2
Get into the details. It is very important to understand and feel the trading technique. There are many pitfalls in this field of activity that should not be overlooked.
Step 3
Start playing on the virtual exchange. This way you can gain experience without risking your real money. This will give you the opportunity to study in detail the rules of the exchange, form your own rules for trading.
Step 4
Start playing on the virtual exchange. This way you can gain experience without risking your real money. This will give you the opportunity to study in detail the rules of the exchange, form your own rules for trading.
Step 5
Ask questions to experienced brokers with a deposit account. Professional advice is useful in any field of activity, especially when it comes to large sums of money.
Step 6
Be prepared for failure anyway. If you give vent to emotions, you will be doomed to repeated losses. Better to take a break and start trading only with a cool head. Remember that experience and success comes not only through constant victories, but mainly through the path of mistakes.
Step 7
Keep your trader's diary recording the results of each trade. If you feel that a loss is imminent, place a stop and analyze the current situation, trying to draw the right conclusions from each trade.
Step 8
Pay close attention to the analysis of the market and the behavior of other players. Each of your transactions should be carefully planned taking into account all the details and the study of backup options.
Step 9
Play with your own money only. Having loans and debts can end up badly enough for you.
Step 10
Spend no more than two percent of your available finance on stock trading. If the percentage rises, then a sensible approach to trading may just turn into a game of chance.
