Yesterday we talked about forex trading strategies. I explained technical and fundamental analysis and emphasized how important it is to do your own research, and to look at patterns and charts. Today let’s talk about some of those patterns, charts and some basic terminology that goes along with forex trading.
Researching and learning the basics (like reading this issue) will make you a more informed trader. You’ll be less likely to lose your cool (and your shirt) to poor investment choices.
Forex stands for foreign exchange, but I’m not talking about students here. Instead, I want to help you learn how to take advantage of forex trading just like you would when trading stocks.
Knowing about investment sectors can give you a good foundation to understand how the market works, how groups of similar stocks behave and react, and how investors perceive them.
Why is earnings season important? Because this period can create a huge opportunity for investors and traders to take advantage of significant stock runs that occur as a result of these earnings releases. The bottom line is that you must pay attention closely to this period.
Here, I’ll give you a high-level view of what these investment sectors are, their characteristics, and more important, how you can use this knowledge to your advantage. Sectors are a big deal, and you need to know about them.
Getting to know the different stock order types can help you make smarter investments. Choosing the appropriate stock order type can help you get better prices and can help ensure that you only enter trades and exit trades at points that you’ve deemed advantageous.
Yesterday we started talking about stock order types. I started you off with the basics. We talked about some things you should consider before choosing a stock order type. Let’s start today with looking at limit orders.
To make the best decisions as an investor, it’s important to educate yourself on the different types of stock orders. In this article, I’ll cover some of the key types of stock orders, and how they can best be used to maximize your trading potential.
Looking for an easy place to get started with a trading app? These apps are ideal for beginners.