10 TIPS FOR SUCCESSFUL TRADING

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10 TIPS FOR SUCCESSFUL TRADING

Every one aspires to have stress free life financially and earn money without any tension. As much as this dream looks desirable, it appears to be unattainable amidst the busy schedule each one goes through. In this fast-paced life, TINO IQ brings you 10 tips for 100% trading success.

  • PLAN OF ACTION Although a time consuming job, a trading plan are the set of rules which defines entry , exit of and money management criteria of the traders. In today’s tech generation, it is always advisable to test before you invest. Using historical plans and algorithms with their efficiency shall help you to invest wisely.
  • TRADE=BUSINESS   You should never trade like a hobby as it loses its seriousness, but  you should not trade like a job as it becomes mundane & boring. The key to crack trading is to understand trading is business, it will have stress loss expense but in the end its all fruit bearing. All you need to have is far-sighted vision.
  • TREAT TECHNOLOGY AS A BOON   In today’s world everything is available on your fingertips. You can always gather information, customize it for your benefit and implement to get the best picks. There are lot of software’s which allows you to check  trading strategy and trade virtually.
  • SECURE YOUR CAPITAL   You should always be cautious and calculative before investing  your funds. Although it is a set rule that no trade gains without loses, but one must always save the extra bucks for second round, adapting less risky steps. Make those small gains before the big ones.
  • MARKET IS YOUR TEACHER  Markets are dynamic and evolving, the nature of being unpredictable makes it an interesting place to be. To conquer the markets, you should always be student of the markets, analyzing every change, economic reports and the reasons behind them.
  • BARGAIN ONLY WHAT YOU CAN FOREGO
    You should always risk what you can afford to lose. As mentioned earlier it is imperative to  do virtual trading and understand markets before real trade. You should always have various plans to cover up the loses.
  • FACTS ARE COINED FOR A REASON, USE THEM!  You should always build a trading methodology based on facts. Although it is time-consuming but you should be aware of the artificial pump & dump, their pattern to have a secured investment.
  • BE AWARE OF THE RED SIGNAL
      Always know when to stop trading. Trading is alluring, it magnetizes you towards itself but you should carry a presence of mind having an idea where to put that break. Maintaining a watch list will help you understand the situation in a better way.
  • BE ORGANIZED   Always use a single platform for analyzing stocks, maintaining portfolio, trading strategies etc. It will help you to extract right market information and plough them efficiently for getting highest dividend.
  • REALITY CHECK!   Always set realistic goals. You should always know your level and what you can achieve. It is good to be ambitious but stepping-stones is the key success.

  Remember trading is a mixture of art & science with a pinch of common sense. You should stay alert to gain the maximum. For more tips on trading, download TINO IQ.


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