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Learn How to Trade
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How to Trade
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Testimonials
Great
site Kenny.
Technical
Analysis written in a straightforward way so that everyone understands.
There's
only a small few who get it consistantly correct and you are certainly
in
that group.
Chris
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Thanks
for putting this all together and sharing! BHW
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Awesome
Stuff! Kenny has shown time and time again the ability to show us direction in
these markets. Khalsa
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Kenny, I appreciate your insight and analysis. You make sense of what I can rarely see.
Thanks for sharing. Gene
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Took a gold short at 1240
just closed at 1203 :-)))))))))))))))))) ........ top call!! Gekko |
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Stock Market
Beginners
Learn
How to Trade
Stock Market Beginners
It is a well
known fact that most
stock
market beginners lose money.
In
almost every other aspect of life for which we are considering spending
a sizable sum of money, we would research it and compare prices perhaps
for some time, before we actually commit ourselves to handing over our
hard earned savings.
Sometimes we will even trawl the
streets in that effort to save an extra few bucks, just in case we can
get our purchase slightly cheaper from the store round the next
corner.....
....and yet when it comes to stock market trading and investment where
the stakes can be much higher, many of
us readily dive in and throw our cash in to an investment
without
really knowing why we are doing it or even what we hope to gain from
it.
Sure, we know we want to make a huge profit from our
trade but, why did we invest in XYZ? Why did we choose to trade XYZ
today? How much do we expect to gain for our investment and do we know
when it is time to sell?
A
few
simple questions that may seem obvious to consider once you have had
your fingers burned a few times in some trades that went badly wrong,
but perhaps not quite as obvious for stock market beginners
who have
cash in their pocket and are itching to start making money and become
the next Warren Buffett.
It is a fact that very few stock
market beginners spend some time
learning about the stock
market before
they begin trading.
Why do Most
Beginners Lose Money
We
are lured by the tales of big gains and the opportunity of making money
online
from trading, lots of it. This is simply too big a draw for us and
we can tend to lose our sense of reality for a time. We can forget that
there
is also a possibility that we could lose money!
We do already know that there is always the chance that we could lose,
but we see trading as an easy way of making money and believe
it is there ready for the taking. If our trade goes the
wrong way we could simply sit it out until it comes good again, so it
just is not a factor that needs consideration and it automatically goes
to the back of our minds..... We want to start making money
and we want to do it NOW!
Sadly, for most stock
market beginners, the dream ends there.
They can find out very quickly that making money from trading is not
quite as easy as they had
first
thought that it would be, and most beginners
will take some very costly
hits.
Others
may even have a bit of success and start off making money straight
away. Unfortunately, this can be even worse
for them in the long run, as they get over confident and escalate
trades by risking more and more as time goes on.
After all, they just
"can't lose".
In actual fact it is not that they cant lose, it is just that
they have not lost yet.
This
can lead the stock
market beginners into a false sense of security.
When they do have
a losing trade, they don't have the knowledge or experience of how to
deal with it. By this stage it is likely that these can't lose traders
are risking large sums of money and are doomed to failure.
What they have not yet learned about the stock market is that all
traders will lose on some investments, it is learning how to manage
those losses that makes the difference between being a successful trader or
becoming part of the statistics.
Money
can disappear at an incredible rate if markets turn against
us.
Learn How to
Trade - Learning About
the Stock Market for Beginners
The two most
important things we need in order to make money from trading and
investment, are knowledge and experience.
Practice trading before risking any cash for real can help to avoid
incurring heavy losses initially. We already know that most new traders
lose money so whilst we learn to trade, it is far better that those
losses should be on paper rather than draining our account for real.
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