Do you trade in the stock market? If you have before then you know how stressful trading can be. Have you lost money in a trade? Losing money can have a negative impact on future trades and life in general. This can lead to a trader’s slump which only drives you farther down the hill. If you haven’t traded before but are trying to learn then you know how hard it is to find reliable sources of information. Across the internet, there are experts and “guru’s” promising millions but truly offering you nothing. There are usually seminars and classes that you can take if you have a couple thousands of dollars to throw at them. I know I didn’t when I started. There can be a lot of hardship that comes along with the stock market, but there are also many ways to avoid it if you know how.
You don’t need to lose your money just to learn lessons first-hand. There are ways to trade in the market and get real experience without risking your hard-earned money. It’s called paper trading and it’s great for beginners. Traditional paper trading involves keeping track of all of your trades by hand and calculating your wins and losses. There are stock market simulators online that actually let you mirror current stock values and give you a set amount of money to “invest”. These simulators are great because they offer first-hand experience without the pain of losing actual money. Investopedia offers a great one that gives you $100,000.00 in virtual dollars to trade with.
As I said above there are veterans and experts that will offer you all you need to know about the stock market. These guys are not usually out to help you, but are just there to collect a paycheck. However a select few among them can truly offer actionable material. These select few services and newsletters offer a great advantage to those who sign up with them. How do I find the good ones though? That’s another pain in the market, but it doesn’t have to be.
If gone about the wrong way you’re learning experience can be as easy or as painful as you want it to be. The stock market isn’t easy but you can find those who are there just to help you. There are teachers that truly enjoy teaching! Don’t let yourself give up. You will have to work at learning this new skill but you don’t have to be alone.
If you’re Just beginning to trade I hope you take my advice and at least look into getting some expert help. You can prevent almost all of the stress that comes with trading. For me it’s almost like having a guardian angel looking over my trades.
“Through these difficult experiences I’ve earned the trust of my clients.” Jason Bond