What Every Beginner Should Know About Portfolio Strategy in Trading
Imagine building a house. You wouldn’t use just bricks, right? You’d combine various materials like wood, concrete, and even insulation to create a strong, well-rounded structure. This is similar to how a portfolio works in trading. It’s not just about owning individual assets but strategically combining them to achieve your financial goals.
Unfortunately, many beginners jump into trading without a proper plan, often leading to common mistakes like focusing solely on high-risk, high-reward opportunities or neglecting diversification. This can significantly increase their chances of losing money.
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Understand Your Investment Goals and Risk Tolerance
Before diving into building your portfolio, it’s crucial to understand your “why” and “how much risk you can stomach.”
These two factors are the cornerstones of your investment strategy and will significantly influence how you structure your portfolio.