Welcome back fellow readers. I thought it was about time to get the fingers on the keyboard again, as it has been a few months since I added content on Share Trading – Part 2 post.
As I wrote in my last post, share trading is serious, as you do have to keep your mind clear and concentrated on what you are doing, also fun at the same time, get enjoyment out of it. Trading can be a career, so you treat it like that. Nowadays with the Internet and Technology moving fast, you can do your own Trading at home. When placing trades or checking trades, make sure you do not have any interruptions, as lose of concentration can lead to :
* Disappointment
* Loss of money, assets
* Angry outbursts, crying
* Not ever Trading again!!!!
These are just a few of actions that can happen if you place a wrong trade or forget to put your stops in. Times like these is when you make sure you have your Brokerage phone number handy, so you ring them and get out of the trade. I can vouch for this as I have first hand knowledge, having to get out of a couple of trades myself, last year. There were interruptions when I was placing my trades, I had to leave my computer, when I returned I checked and thought I knew where I was at, pressed the Enter Key, and bham….. wrong amount entered!! So I quickly rang my Brokerage, ( this is when you have the phone number nearby), and explained what had just happened and they put stops on the trade. I was lucky, I had the trade stopped very quickly, there was not a lot of money lost.
Share Trading - Part 2, I will touch on some areas in particular that you can Trade, they are :-
Commodities/ Futures - These include items such as Indexes, Financials,Grains, Livestock, Metals,
Energies and Softs.
Forex - These are your currencies = Aus. Dollar, US Dollar, Japenese Yen, Euro, Swiss Franc,
British Pound, Canadian Dollar, there are other currencies as well.
Options - An option is = The right to Buy or Sell a Certain Stock at a Certain Price by a Certain
Time/ Date. Buy is a Call Option, Sell is a Put Option.
Successful traders can have Lifestyles that 95% of the population envy!! All you need is a vision and believe in yourself, things are possible! Like traveling the World, Toys-
Boats, Cars, material items, Houses/ apartments by the Beach!! The Traders earn these luxuries, by putting in the hard yards for a few years then
benefit later on. I am aware of this, as I know a very dear friend, who
sacrificed his family time early, so now he is reaping the rewards, enjoying his family, and travels the universe. You too can have fun with Trading.
Well I will finish off here for this post Share Trading – Part 2, you can join me here in my next post, see you……………………..