How to start trading
How to start trading
Investing is a great opportunity to make money either full time or as a secondary project. Members of Juiced have been experiencing the rewards and benefits of trading. Juiced provides the support you need to get into trading as well as the support you would need on deciding what stocks you should invest in.
Before trading or investing your money you should decide if you can do it financially, this means you should think about how much money you would have after investing and how this will affect your life. Trading requires both knowledge and skill, putting money into places you do not know about can be a dangerous game.
You may have heard of stocks from friends, family or maybe you have been seeing the news and got interested in what all the green and red lines mean. When you begin trading you want to be ready for what is coming, this means you should lay out the mat in preparation before trading to ensure it will go a smoothly as possible.
Learning about trading and stocks -
Before starting anything new you should learn about it and how it works. Especially for trading. You should learn about the basics of the market allowing you to know what the options are when you go into this. Making any mistakes can cost a lot especially if you are going all in.
Searching online you will find many education websites and videos which will give you a great start to your investing journey. You will learn about trading, what it is, how to do it and where to get started meaning you will have the basics covered ready for when you want to begin yourself.
Choosing a broker -
Doing sufficient research into many brokers is important. They will be providing you with the tools and support you need to trade and those will need to fit your needs. You do not want to choose a broker who does not provide enough support for beginners or have poor customer service making your trading experience bad.
For example, if you are a new trader, maybe you want to look into a broker who provides a lot of support into trading and has good customer support who can assist you whenever needed. Considerations can also include how the broker looks and works. You do not want to start trading and become overwhelmed with information that you have no idea about.
Research stocks -
You are now signed up to a broker and your account is open and ready to use. This is the start of your trading journey, doing research is the key aspect to choosing the right stocks to invest in.
Reading up about companies is very important, reading about what they are doing and what their plans are very useful when deciding a stock to invest in. Once you have a good few stocks, you can narrow them down and look into some deeper, potentially making your first trade on the stock market!
Looking to start investing, reselling and more? Sign up now at https://loom.ly/Y_MDZTc