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Trading Tip 1 - Preparation And The Art Of Trading

Welcome to a new series on the art of trading. The year 2020 should be a game changing year for you. If you are interested in the world of trading, do join me on this journey of discovery as I delve into the world of trading.

Many have heard and experience the wonders of making money through trading.

Yes it is possible to make quite a lot of money from the art of trading. It is even possible to make it in a very short time using very little effort.

In other words you do not need to stay put in one place for 8 hours just to make that money. Sometimes it could be just looking at a stock or index for 10 minutes and making a trading decision that will reap huge profits.

Preparation Is Key

In the numerous trading tips that I will show you, you will realize that preparation is the key to success.

Trading is no different from any other endeavors. You need to spend some time learning the basics before you are able to fly. Learn to walk and run before flying.

There is a saying that goes like this "If you fail to plan, you are planning to fail".

Make 2020 a year where you achieve success rather than fail.

Therefore preparation is very important.

An army cannot march on an empty stomach.

And you my friend cannot reap profits from the market with an empty mind with no knowledge of trading.

What Is Preparation?

In these trading tips I will take you on a journey of discovery to help you know when to enter and when to exit a stock or the market. 

Here are some things that you will need to prepare for:

  • A basic knowledge of trends
  • Support and resistance
  • Chart patterns
  • Candlestick patterns
  • Trading strategy
  • Entry and exits
  • Profit targets
  • Trend following
  • Stop Loss
  • Money management

These are just some of the things that you should be aware of.

In each Trading Tip article, I will write on a small topic. Hopefully most of the articles will be bite size. Less then 500 words so that you can digest it easily.

So join me on this journey of Trading Tips and hope you have a great year ahead!

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