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What is trading? Is it possible to use ego as the main income or stop at it as an additional income? Let's find out what kind of "beast" it is and what it is eaten with.
Where to begin
You don't need a lot of money to get started trading from scratch , but you will have to purchase known luggage. As in any field of activity that you enter for the first time, preparation is necessary here. To begin with, it is good to learn the principle of trading on the stock exchange, the concept of "candles" and "trends" and how the trading terminal works. Then start watching economic and political news. Now you can get quick training from mentor traders, who can be found in abundance on the Internet. Bloggers, books for "teapots", videos on which a trader briefly or in detail reveals the essence of trading on the stock exchange - all this is available on social networks.
Among modern gadgets, it will be enough to have a smartphone and a laptop, all the necessary applications can be quickly downloaded. If you subscribe to social networks, you will regularly receive all the necessary information from the chosen blogger. This will allow you to quickly get involved in the topic and start earning. However, beginners often make mistakes, hoping to get quick money. Which in turn makes them quickly give up. How to avoid this?
What and when to trade
You can start trading resources (oil, gas, forest), foreign currency (dollars, yuan, pounds sterling), cryptocurrency, shares, bonds, futures. A trader is free to choose what is more convenient for him to trade, but finding his own trading tactics is much more difficult. Personal qualities of a person will be important here: perseverance, speed of decision-making, emotional balance. It is more convenient for someone to open a long deal, and someone is more effective at quick decisions. In any case, at first you will have to experiment. Over time, an optimal option will be found, because it is possible to open transactions for a few minutes, or for a few hours or days. It all depends on your desire and opportunity to trade.
Trader is a profession
First, you need to make it clear to yourself that a trader is a profession. You can quickly learn the basics, but you will only be able to find your trading style with time. Ups and downs are part of the stock market game. In order to learn to trade competently, you will have to go through disappointments and losses. It is best to start under the guidance of an experienced mentor, he will protect you from reckless actions.
It is not worth starting with a large deposit right away. It is better to enter the market with a small amount. A small investment will be enough to understand how transactions will be made, and at the same time it will protect you from a large cash flow. And you don't need to sit for a long time near the monitor waiting for a miracle. Probably, at the beginning, you will have to devote enough time to studying theoretical concepts, lines, schemes, but in the future, the transaction will not take much time. Therefore, there will be enough free time, at least for the main work, at least for leisure.
Do not focus on just one trading, do other things, then the trading process will not be a burden for you, it will bring you pleasure. And the activity that makes us a little happier is what each of us strives for!
