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  • Can I start Forex trading with $100?

    Can I start Forex trading with $100?

    Forex Education Part 7

    5 min read

    Forex trading

     


    by Hans Stam Trader, Mentor, Author

    Can I start Forex trading with $100?

    Forex trading can be started with a small amount, don’t worry. Brokers usually have a minimum deposit to serve the large group of people who want to deposit as little as possible.

    That definitely is a huge market for them.

    In all fairness, I think the minimum deposit is not helping you.

    What it does is make you think you can make a quick profit, and it’s true, sometimes you can.

    The other side of that is, you don’t have much buffer to work with, so you could very easily lose your deposit.

    Due to the leverage, taking the lowest amount into a trade would be 0,01 LOT also called a mini-LOT by some, and that would already take you down several percentages in Margin Used.

    Then you probably are negative right away due to the Spread which varies per Broker.

    When your trade goes against you, and you reach a total drawdown of about 50% of your account, some Brokers will close your trade called a Margin Call.

    You would not have enough money to sustain your trade.

    I’m not saying it’s impossible, but chances are that even though you managed to get your account up to $200,- it would not take you out of the danger zone.

    When it does go your way, you are most likely going to take too much risk which can crash your months of hard work and stress in 5 minutes if you take the wrong trade.

    What is the alternative?

    When people ask me to mentor them, or if I can help grow their small accounts, the answer I have to give is just as frustrating as it is for them.

    I can only tell them to keep demo trading where they can’t lose any money.

    It would be unethical of me to tell them to pick a trade which I know will not work in the long run.

    The best thing people can do is to gain knowledge and experience, read the articles and create a plan on how to come up with a proper account to make a start.

    Career

    What most do not understand is that once you really want to go for Trading the Forex (Foreign Exchange) market, it is nothing less than becoming a doctor, dentist, bookkeeper or any other occupation.

    Forex trading takes dedication, patience, time and money to start that career.

    Same goes for Forex Trading, it would be misleading to tell you it’s easy to do while I know how difficult simplicity can be, and often you are your own worst enemy.

    You can’t become a doctor overnight, no matter how dedicated you are but you can make a start educating yourself.

    Even a mentor can not magically make you a top trader in a few hours as you would still have to come up with a reasonably sized account.

    It’s not that mentors do not want you to help you, but they have gone through the same education most others have and also made all the mistakes before which made them smarter over the years.

    Often mentors have made all the mistakes unless they too had a mentor guiding them.

    How would you feel if you lost $25.000,- in just 15 minutes and accept that as an expensive lesson? Many mentors have been in that position so you can imagine “losing a patient” on the operating table is really something else to deal with.

    So if you apply to become a Forex Trader, please understand it would be similar to asking your doctor to help you to become a surgeon. If all you have is a kitchen knife, what is your doctor to do with your request?

    So Forex trading is not for me?

    Maybe not, maybe it is.

    It really depends on who you are.

    Some people have a better position in life to start than others.

    I was one that had to struggle all the way and although I was set back a lot of times, I just kept learning and investing in my goals.

    To me, that meant making a lot of sacrifices and thinking back, that sometimes still hurts.

    Perhaps I was better off doing something completely different, but this was my goal and here I am. Who is to say what would have happened if I took another route.

    Right now I just feel blessed to be where I am but it really is your choice to make a decision and do whatever it takes to become what you want to be.

    People and circumstances may try to keep you away from your goals so it really takes strength to go after your dreams and there’s nothing dreamy about that.

    Why would Forex be my choice?

    Often I hear stories about why people start trading.

    Some have a nice career but want to do something else, others want another income, some need to take care of their families or children, some are selling their business and want to move elsewhere so they need a new income. But not many of them will actually succeed in the short term.

    Still, those people will work on becoming a Forex Trader.

    My best guess is that those people are really dedicated to making it work, and I am working with some of them to achieve that goal.

    I also know those people will be working with me for the years to come, as they will need solutions in all kinds of Market conditions.

    What some do is buy a course and then they are on their own, the best they can get is some live Signals or live chatroom, but before they are there already a lot of money has been spent. I think that doesn’t work as they will not grow to a point where they can anticipate the changing Markets themselves.

    It takes the experience to do that and a course alone doesn’t provide that.

    When it comes down to business, you will have to go with the information you have and make it your own.

    Yes, courses can help understand certain things, but in the end, it’s your money on the line and your decisions that determine the outcome.

    Misleading in Forex trading

    Hopefully, this gave you a little insight.

    It’s misleading to accept the image of fast expensive cars and tropical beaches.

    Many traders are down to earth people, realistic about the profits, and those that step out of that zone, usually are being smacked into reality within months.

    So yes, there is a lot of misleading going on, but you have to be smart enough to skip through the nonsense and make sense of it all.

    I will not say you can’t have those things, but it sure is a long way there starting from scratch. It’s not unusual traders are constantly learning during decades of trading.

    On the other hand, it really is possible to become a very good Trader and it really comes down to who you are and what you are willing to learn and do.

    Success!

    So far this sounded sobering but there is, of course, the other side of the medal too.

    I know some traders and others related to trading in the supporting sector, who are really hard working smart people willing to help you.

    Like this article you’re reading right now at Traders Paradise, it’s all here to help you get smarter.

    Many devoted people are willing to support you on your journey and it took them sacrifices to get to this point where they can.

    We’re here to your benefit, serving you the best we can, so one day you too will be successful and have changed your life.

    We’re not selling you a glamorous picture, but the reality of what it means to be a Trader.

    Most traders still have jobs on the side and some really made this their career, and I admire those people no matter where they are on their journey.

    A common characteristic is, they will not give up on their goals and the rewards will be worth it eventually for them.

    It’s up to you if you will join that group or not but hopefully, this article has given you a fair look at both sides of success.

    Sincerely,

    Hans Stam

    risk disclosure

  • Introducing the Australian Stock Market

    Introducing the Australian Stock Market

    Australian stock market

    The Australian stock market history begins with six exchanges in Sydney (1871), Hobart (1882), Melbourne (1884), Brisbane (1884), Adelaide (1887) and Perth (1889).

    The first Australian convention was held in 1901. At first, the exchanges attended on an unofficial base. In 1937 the Australian Associated Stock Exchanges (AASE) was founded. Every exchange had its representative. Over time the AASE set consistent listing laws, broker practices, and commission charges.

    Trading was handled by a call system. An exchange worker called the names of each company and brokers bid or offered on each.

    In the 1960s this turned to a post system. Exchange representatives called ‘chalkies’ wrote bids and offers in chalk on blackboards. They also registered transactions made.

    The start of the modern Australian Stock Exchange history was in 1980 when the Melbourne and Sydney stock exchange indices were replaced by Australian Stock Exchange indices.

    After that date, many changes followed. Very fast. So we can say that Australian stock exchange history is full of changes and improvements.

    You might be interested in Leading Stock Exchanges In The World

    Today, the Australian stock market is one of the most important.

    This country with a small population became one of the biggest players in the global market.

    There are a lot of facts about the Australian stock exchange that might be valuable for you. For instance, the Australian stock exchange is opened between 10 am and 4 pm AEST on working days.

    The market opens in phases through the first ten minutes of trading.

    To prevent the precise forecast of the first trades on the given day they established a chance factor into the opening.

    The ASX closes between 4.10pm and 4.11pm with a single price auction. That price determines the closing prices on the given day.

    The largest ASX broker is Macquarie Bank, one of the biggest Australian banks. Also, the dominant broker’s companies are Goldman Sachs, CSFB, UBS, Citigroup.

    The man who broke the Bank of England

    The ASX is a public company too. Its shares are traded on the ASX, of course. However, the corporation’s license limits the highest individual holdings to a small part of the company.

    ASX is regulated by the Australian Securities and Investments Commission (ASIC).

    Australian stock market

    Average daily turnover in ASX is A$5,6 billion and a market capitalization of approximately A$1.9 trillion. That makes it one of the world’s highest 15 listed exchange groups.

    ASX is, let’s say that, similar to the Canadian markets. It has commodities focus. So, we can say that the Australian stock market is ‘heavy’ because of the high volumes of natural resources, such as minerals and metals, are traded.

    Of the 2185 stocks listed on the ASX, approximately 33% are junior metals and mining stocks by number, but the whole Materials sector is about 15% of the ASX by index weight.

    As a difference, financials are estimated for 5% of the number of stocks listed. But it is the biggest sector in the sense of market capitalization, and it is 36% of the index.

    Stocks are classified into sectors according to their major business type: financials, materials, health care, industrials, etc.

    How to buy and sell shares in the Australian stock market

    The most common way to buy and sell shares is on the share market using a broker or service.

    Also, you can buy shares through a prospectus when they are first placed on the market. You can buy or sell stocks indirectly over a managed fund. There is also always a way to buy shares through an employee share system.

    If you are looking for the cheapest fees, an online trading account could be the right choice. The fee to buy or sell a package of shares starts from around $30. You are charged when you buy or sell a share.

    Why modern German investors are rioters? Read HERE

    If you use a full-service broker you will be charged more. But you will have some financial advice. For example, what to buy or sell and so.

    Australian law dictates brokers to give fair recommendations. Brokers must inform you about any interests they may have in investment arrangements they suggest to you.

    Brokerage fees are regularly expressed as a percentage of the price of the purchase or sale. For example, the fee on a transaction of up to $5000 will be 2.5%. For huge trades, it may be 0.1%.

    Small trades worth a few thousand dollars can be moderately costly.

    Companies may choose to offer their shares as a way of raising capital. This is an “initial public offering” or IPO.

    In order to find if investing in IPO suits you, it is recommended to read the prospectus. There you can find all the important details about the company.

    This document must be lodged with the Australian Securities and Investments Commission (ASIC). You can check it through ASIC’s OFFERlist database.

    All prospectuses must include data on the features of the securities being offered. That includes how many are for sale, how you can demand to buy them. Also, the information about the company must be included. For example, its progress, and financial situation, and also, the risks connected with the offer.

    You can sell the shares you hold by placing a trade online or over your broker.

    When you sell your shares store a copy of the trade acceptance or receipt for tax purposes. That will be smart.

    Arrangement for the sale and transfer of ownership befalls 2 business days after the trade takes place. This is well-known as T+2.

    If you own shares in a managed fund and want to sell them, check if there are any withdrawal costs.

    Who are the best Australian investors of all time

    risk disclosure


  • Mentorship is an important part when trading

    Mentorship is an important part when trading

    Mentorship

    Hans Stam, Forex trader

    by Hans Stam – Trader, Mentor, Author

    From the Author.
    I’d like to take the opportunity to say Thank You to

    Traders Paradise quality trading Publishing and the awesome PsyQuation Team for giving you the Best Trading experience and knowledge !!!

    Remember to bookmark this website for your convenience and more quality content.

     

    This is how a new star is born, and it could be you too!  

    Instead of writing in book style, why not actually let you read a learning experience from one of my students. To show you how mentorship works.

    This is not a passive “Try This stuff” but really intensively training.

    I will post part of the emailing that has been going on between George and me…

    If you like to start trading yourself or want to know more, you will find all the info you need right here at Traders Paradise.

    If you like to support my work, you can show your appreciation by clicking here

    George has agreed on letting me use part of our communication to benefit you,

    if you like to support him and want to open an account, you can sign up using his link

    by clicking here

    The Program George is talking about is the A.I. tracking your trading and gives you advice, this is also an open door to get funds to trade up to $ 350.000 AUD.

    If you want your account linked for Free, here’s the link which benefits George too.

    PsyQuation Link, Click here

    Thank You George,

    I appreciate your approval.

    Are you in the Matrix?

    Hi Hans,

    I have read your post on how to make pips profit on forex every day as a day trader.

    Can you please teach me your system?

    I am George from South Africa, I need to learn how to trade every day on Forex successfully and start making money with it over time. If you know in South Africa it is hard to find work. So I must learn how to make money with Forex.

    Kind regards

    George

    —————————–

    Yes, of course, I will help you George.

    To do my system it does take money to do it properly.

    Can I ask how much you currently have in your trading account?

    Regards,

    Hans Stam

    —————————–  

    Currently, I am trading now with a 100 pips move I make a Dollar or lose a Dollar I know it it is very low but until I can get a good system in place I can up the risk

    I have a $100 that I play now with and trying to learn as much as I can. I am looking for a good system that can work long term.

    George

    —————————–   

    At this point, we went over personal finances and how we can find a way to educate George regardless of his situation. Due to privacy, I will leave that part out.

    —————————–   

    Hi Hans

    WOW I have read your email probably 3 or 4 times now. You have told me you need my patience and loyalty. Well Hans I can give it to you 110%

    I am a person that’s cup is not half full or half empty for you it is empty I am willing to forget everything I have learned from forex and follow you. I beg you to take the risk and help me.

    No matter how long or slow it takes or even if I don’t make money for a year or 3 I don’t care as long as I know I can work towards something great that I can turn one day in something that I can use as my career.

    I can make a promise with you today you will have my patience. I think patience comes also, with age I am 42 years old and have learned to be a  patient person over the years.

    Please take me under your wing and help me.

    Kind regards

    George

    —————————–   

    Mentorship is on scene

    mentorship

    Ok, I’ll help you.

    You may have hundreds of questions, and over time I’ll answer everything…

    So we’ll go step by step and I’ll try to get you into the Program.

    Question, who is your Broker now and do you trade by using the MT4 Platform?

    —————————–    

    Hi Hans

    Ok Great I really hope you get me in the program. And yes there is a lot of Questions.

    My current Broker where I have  the $100 dollars in with is (erased)

    the trading platform is a MT5 platform

    I am quite new to the platform

    I am very used to the MT4 platform but if you like what I can do I get paid every month on the 25th I can easily open a $100 to $150 live account somewhere else if you like?

    —————————–    

    We’ll get to that.

    Both MT4 or MT5 is good.

    How old is that account approximately? in months/years?

    I don’t need an exact date, but an estimate.

    —————————–    

    Again, some personal details are left out from publishing

    —————————–    

    Thanks Hans you have given me hope again in life. Will jump on it right away.

    I will read your article now and follow the steps

    I will open also the live account with the broker you perhaps mention in the steps.

    I will get back to you after I have done this 🙂

    Thanks again Hans

    —————————–     

    The basic explanation of how the Market works was given to George with about 30 years of experience and knowledge.

    —————————–     

    This is mind-blowing information Hans

    I really never ever realize this or how this actually works.

    That is good then when I told you I am emptying my cup and learn from you from scratch.

    I am so excited to learn this different way we are going.

    This is really mind-blowing what I have just read.  

    I understand clearly so far.  

    —————————–

    Taking the Red Pill  

    More info was given to George. Here is where I opened his eyes to what causes losses, and how to make profit

    —————————–     

    Hans this is like the Matrix movie did I just take the red pill?

    Sorry for taking so long to respond I read sometimes your lines 10  times over and think about it and then let it settle in.

    I understand so far  I can not wait to see it on paper when we start to trade.

    —————————–   

    Yes, we will 🙂

    Keep that in mind as we will come back to this later.

    And yes, you probably did take the Red Pill 🙂

    We are going to enter into a whole different way of trading 🙂

    If you understand this principle, you are way ahead of 90% of the traders.

    On track so far?

    —————————–    

    WOW man I am on track so far

    I can not wait that you show it to me when we actually start to trade on a demo account.

    But yes I am on track I can not wait to see this on a platform

    —————————–

    You may understand a lot of info was left out in this article due to sensitive information, but it gives you a taste of how we went through the process.

    We have set up his accounts and he is now trading backed up by a lot of information and knowledge. His trading experience was changed in 2 days of which you probably now have read 10% of all communication.

    Here is what George had to say after his trades were set and running for him.

    —————————–

    I have a mentor that is teaching me how to do forex trading.

    His name is Hans Stam.

    I like to write today a bit of my personal experience working with a mentorship.

    I was trying to do forex trading on my own for many years even read some books. Even after years I still make huge mistakes with forex trading and cannot find myself making a profit. I have contacted a Mentor called Hans. I really did not expect him to return my email at all, but suddenly in the same day Hans send me an email back and not just a simple short email but a proper email like you can see this person really wanted to send the email.

    Well, my mind was blown away!  It is so much different to actually talk to a person that you can see and have 30 years + experience in trading. All of my book training just went out of the window after we have talked a bit nothing can replace dealing with a person one on one and actually learn from a master.

    He really knows how to be a mentor. From the start, his explanation is simply awesome. The reason I say this is because everything he explains to me is in real simple terms and in details. Every time I think I have a question he answers it automatically if he knew I will ask that. Even when I ask a question I get instantly quality feedback like he is here right next to me guiding me slowly so that I can understand every part of the training.

    What I love the most when it comes actually down to business and we have to start with the trading Hans is taking the lead and show me step by step on my account what needs to be done and then he turns around and say you do it. What better way is there hands on and when I make a mistake or have a question I can just ask him and he will show me and explain to me in detail.

    My eyes are clearly open today honestly I wish I have found Hans years ago and working with a mentorship. If I have done this years ago my life would have been much for the better already.

    With a mentor, you can learn so much more than a book can teach you. Yes, a book can teach a person but not every person is the same and if you have questions the book will be quiet and you will be lost. I have read trading books where I was lost in the first quarter of the book and I had to put the book down because I don’t understand it and there is no one that can explain things to me.

    I will really advise any person that likes to learn trading to get themselves a mentor it is really crucial for your education and your life.

    George

    risk disclosure

  • The best Australian Investors of all time

    The best Australian Investors of all time

    5 min read

    Have you ever asked yourself who are the best Australian investors of all time? We are going to introduce you just a few of them. They are the best Australian investors of all time. They are unique, specific and extraordinary.

    Richard “Dick” Fish

    • The best Australian investors
      Richard “Dick” Fish, one of the best Australian investors

    Richard “Dick” Fish is one of the best Australian investors. He is retired now,  but while he was an active trader, he was a legendary pairs trader.

    He holds a 10-year track record that is extraordinary and no one has such record before.

    Since its origin in 2002, his Bennelong Long Short Equity Fund strategy has yielded investors 10 times their money.

    He was trading over Listed Investment Company, so-called LIC.

    LIC is a listed investment vehicle that gives investors access to a diversified portfolio of shares in some other companies also listed on the stock market. LICs are listed on the ASX.

    Richard “Dick” Fish had a very specific and risky strategy of the fund. How does this fund’s strategy operate?

    The fund performs this by trading pairs of stocks. They are betting on one and betting against another (well-known shorting). The returns are provided based on how the stocks perform relative to one another.

    Here’s an example.

    A pairs trader saw that company ABC was a better stock than the company XYZ. So the trader would take a long position in ABC shares and short sell XYZ.

    If the market fails off and both shares drop, the trader will still make a profit if XYZ falls more than ABC, because the short position profits will be larger than the loss of keeping the ABC shares.

    If the market grows and ABC earns more than XYZ, again the trader will profit because the gains in the “long” ABC position will more than cover the losses from betting against XYZ.

    In short, if both stocks are moving in the proper direction, that is ideal, but the investor will make a profit even if just one stock goes up.

    This strategy is extremely risky but Richard “Dick” Fish was the master of this game.

    The “pairs trading”, is a risky way to make money but very powerful when it serves.

    The downside, of course, is that both stocks could move in the opposite direction to what was formerly expected.

    The strategy is liberated from the limitations of an index benchmark and the vagaries of global markets.

    This the reason why this strategy is defined as stock-picking in its absolute form.

    “It sounds trite, but investing is simple and one way of simplifying it is to take out the risk you can’t control,” said Fish.

    Sam Shepherd

    • The best Australian investors
      Sam Shepherd, one of the best Australian investors

    The LIC was managed by Richard Fish and Sam Shepherd who were the fund managers behind the highly successful Bennelong Long Short Equity Fund. That fund produced annual net returns of 18.14% between February 2002 and September 2015. The fund was only open to institutional investors.

    Sam Shepherd joined the team in May 2012,  after 21 years of Australian equities experience.

    Just before he joined the Bennelong Long Short Equity Fund, he was Head of the Melbourne institutional equities desk for Credit Suisse. On this position, he held the research sales, account management, and execution. Earlier, Sam Shepherd was a sales trader and research salesman at JP Morgan.

    The first seven years of his career he worked at Norwich Investment Management. He was a dealer, analyst, and portfolio manager. Sam Shepherd has a Bachelor of Commerce and a Graduate Diploma in Applied Finance and Investment.

    Portfolio Manager, Sam Shepherd, retained portfolio management responsibilities and the management of the team after Richard “Dick” Fish departure. Sam has 24 years of Australian equities experience, with the last five workings alongside Richard at Bennelong Long Short Equity Management (BLSEM).

    Led by Sam Shepherd, BLSEM has a highly experienced team.

    On BLSM official website we found

    “There is no change in the approach to the day-to-day management of the portfolio. Portfolio management is clearly defined and is managed in a highly disciplined way. Decision making is team-based, and that has been the case for a number of years.”

    Richard “Dick” Fish and his business partner Sam Shepherd are an Australian investors dream-team.

    Kerr Neilson

    • Kerr Neilson, one of the best Australian investors

    Kerr Neilson is an Australian investment manager, the co-founder and managing director of Platinum Asset Management. He was born in Johannesburg, South Africa and earned a Bachelor of Commerce degree from the University of Cape Town. Also, one of the best Australian investors.

    Neilson began his financial management job in the investments division of Courtaulds in London.

    But he returned to South Africa in 1973.  Ten years later he moved to Australia to become the head of retail funds management for Bankers Trust Australia. Today it is BT Australia.

    Georg Soros provided him initial backing to establish the Platinum Asset Management fund in 1994.

    Platinum concentrates in international equities and has an estimated $US16 billion in funds under management. Kerr Neilson is a managing director and portfolio manager.

    In 2007, Neilson set 20% of Platinum Asset Management on the Australian Stock Exchange. The 57% of the company’s shares he held were valued at A$2.9 billion. That made him one of Australia’s wealthiest people.

    Neilson is frequently compared to Warren Buffett for his talent to consistently pick high-performing stocks.

    However, in business, not everything is spring and flowers. Bad results during 2012 produced a 16% drop in net profit, essentially due to a 14% decrease in investment income. Neilsen was forced to abstain from a bonus and an increase in his salary. As the major shareholder of Platinum, Neilsen yields A$42 million in dividends during 2012.

    The accent was on renewing the prosperous investment strategy he had used before. This required structuring portfolios of the companies that were experiencing change or mispricing. The reasons can be different, the temporary factors or biases practiced by market participants.

    By investing in such companies around the world, Platinum held really differentiated portfolios and delivered excellent investment returns.

    When his investment philosophy was totally implanted within the team, he resigned as the Chief Investment Officer in 2013. Over time Kerr Neilson stepped out of his various duties and delegate them to other global portfolio managers in the team. With the full approval of the Board, Neilson handed over the role of Chief Executive Officer of the Platinum Group to Andrew Clifford in 2018.  

    Proceeding to work as a full-time executive director of the Platinum Group and a member of Platinum’s investment team, he is completely involved in the business.

    You might like to know who are the best UK investors


    Robert Dobson Millner

    • Robert Dobson Millner, one of the best Australian investors

    Robert Dobson Millner was born 4 September 1950.

    After leaving the school he acted as a stockbroker for two years. Almost 14 years he farmed in Cowra, New South Wales. In 1984 he entered the family business, Washington H.Soul Pattinson, as a manager. In 1997 he was named deputy chairman of Souls and since 1999 he has been Chairman of the company.

    He is the leader of many big Australian organizations. For example, he is chairman of Washington H. Soul Pattinson, as we mentioned, further, New Hope Coal, Brickworks Limited, Choiseul Investments, and NBN Television.

    Robert D. Millner is a director of Milton Corporation Limited since 1998 and appointed chairman in 2002. Chairman of the Investment and Remuneration Committees. Millner has vast experience in the investment industry.

    Milton Corporation Limited is a publicly owned investment manager. The firm conducts separate portfolios. It invests in the public equity and fixed income markets of Australia. The company also invests in trusts, real estate, and mortgages. Milton Corporation Limited was founded in 1938 and is based in Sydney, Australia.

    He is been called the hardest-working man in corporate Australia.

    Find who are the most successful Indian investors

    Robert D. Millner is also the head of Pitt Capital Partners Ltd. It provides business consulting and advisory services. The Company offers a range of corporate finance advisory services in relation to mergers and acquisitions, equity capital markets, private equity, restructures, and debt funding. Pitt Capital serves customers over Australia.

     

     

  • Project Libra: Facebook’s new currency based on a blockchain

    Project Libra: Facebook’s new currency based on a blockchain

    3 min read

    Project Libra is the internal name for Facebook’s plan to launch its own cryptocurrency. For now, it is known that it should be a stablecoin backed by government currency.

    Facebook has still to state those plans about Project Libra openly. But media news about its crypto aims has risen over the past half year or so. Now, since the information is secret, we have part of them. The very well-known part is that Facebook has been planning ways of how to capitalize on blockchain technology.

    Did you update your WhatsApp? Do it now!

    Former PayPal president David Marcus is on the head of the team that has to build this asset-backed crypto. As far as we know, that crypto will be made to operate within Facebook’s messaging infrastructure such as WhatsApp, FB Messenger, and Instagram.

    Facebook has planned blockchain long time ago

    Facebook will represent plans about Libra this summer, as it is assumed. Mark Zuckerberg has already talked to Bank of England governor Mark Carney.

    The discussion was about the potentialities and risks involved in launching a crypto-currency.

    Facebook has also asked details and advice on regulatory issues from the US Treasury.

    Facebook’s plan is to launch a full payments network including Visa, Mastercard,  payments processors such as First Data as well as large e-commerce merchants. This social network asked them to support the launch with $1 billion in investments collectively.

    Facebook is trying to involve these firms in order to provide support and strengthen a stablecoin that will be connected with the payments network.

    The main goal is to eliminate credit card fees for merchants. Also, to avoid the volatility of bitcoin and ether.

    Facebook is also in consultations with money transfer firms like Western Union because it tries to find cheaper and faster alternatives for people who don’t have bank accounts.

    How will Facebook’s Libra work?

    Project Libra
    Will we have a new icon after Project Libra finished?

    Facebook aspires to design a cryptocurrency that gives secure ways of making payments, notwithstanding users have or not have a bank account.

    They are expecting to upset the other networks by cutting financial limits. The new Libra is good for competing with banks and decreasing user’s costs. The point is that this project will provide people to change dollars and other foreign currencies into its stablecoin. That’s why the arrangement with other banks is necessary.

    In the next several weeks a group of co-founders would launch the Swiss-based association in the coming weeks, as it is expected.

    Meanwhile, Facebook bans all cryptocurrency ads.

    According to the Financial Times, it is still unclear how Facebook’s cryptocurrency will be issued, stored, and transferred.

    Libra will be valued on a fiat

    Geneva’s commercial register displays Libra Networks was registered on May 2 with Facebook Global Holdings as a stakeholder. Reuters first reported the development.

    You would like to know which money app to use in 2019

    The LLC is attempting to develop software and infrastructure connected with investment activities and data analysis. Among other services, there are some relating to finance and technology, according to the register.

    Facebook has not yet confirmed the foundation of Libra Networks.

    What we know is Facebook Global Holdings is a stockholder in the new company and it will, according to Reuters, “provide financial and technology services and develop related hardware and software, plans submitted on the Swiss register reveal.”

    More about Project Libra

    Facebook’s shift to crypto has been gradual and constant. Facebook’s latest move, was the hiring of two Coinbase compliance managers. That happened on May 14.

    Blockchain expert David Gerard said that Facebook would get access to important spending data by creating its own payment system.

    The question is why Facebook needs that, instead to use some conventional payment platform.

    Garrick Hileman, a researcher at the London School of Economics, said the Libra project could be one of the most important developments in the short history of cryptocurrencies.

    He estimated that around 30 million people use cryptocurrencies. And Facebook has 2.4 billion monthly users. So, just count!

    You may also like to read how Apple Is Not a Tech Company Anymore

    risk disclosure

  • Question everything, it is a vital part for your trading

    Question everything, it is a vital part for your trading

    Forex Education Part 5

    Hans Stam
    by Hans Stam – Trader, Mentor, Author

    Interview

    You must question everything.

    Recently I received a request for an interview.

    This was a rare invitation going out to the best traders available to share some wisdom.

    Most of the questions were easy for me to answer, but there was one I had to think about for a while, and I would like to share it with you as this might be useful to you.

    You see, I’m not a wealthy man at the time of this writing, so let me be an inspiration to you.

    Patience is better than a quick fix, experience and knowledge are greater than gambling your way to success.

    Best advice

    One Question that stood out for me was,

    What is the best advice you gave give to other traders?

    My answer was…

    Question Everything, then make up your own mind!

    This may not be advice about how to spot a trend, or how to manage funds, but it really is an answer I like to explain.

    You see, in my years of trading, I have tried a lot of ways to make a decent profit.

    You may recognize yourself trying to make it all work for you.

    As in many cases, the most talented people are also the ones that have made a lot if not all mistakes possible.

    The thing that stands out is the way they solved those problems.

    Question Everything...

    Question everything

    Especially in trading, you can’t just accept what you are being told without any credentials.

    There is a lot of misleading going on in the Forex Industry, I rather see proof.

    Of course, there are many ways to trade, but even the fancy guru’s don’t always provide you the insight on how to do it yourself.

    What I’ve learned in my years of trading is to question everything, and to make up my own mind.

    I suggest you do the same.

    Example

    I’ll give you an example of how to apply this to your trading.

    Let’s pick a random scenario.

    Some guy tells you he found a great strategy but conditions apply.

    And every time it fails, you didn’t understand the conditions or this was a rare case of where you had to take a loss.

    Let’s say he claims to win by watching a combination of candlesticks, and whenever that pattern emerges, you have to buy or sell.

    When you investigate the claim, and compare it to a monkey pressing buttons, who would win?

    Then, I don’t care about the times it works, I’m more concerned about when it fails.

    What happens when it fails and why? Is it really worth it or could I just as easy trade the other way around and get the same results?

    Does it make any sense to you and are you willing to lose your money on that claim?

    It’s up to you to decide.

    Make up your mind

    Keep in mind, no one on the other side of your trading cares when you lose.

    Also, keep in mind, there are people ready to take your money and even might provide you with false signals just because they have to give signals they are selling.

    Whatever signals or tools you are being given to work with, ask yourself the question, is this really benefitting me?!

    Can this tool cause me to lose? Can this signal be explained and what causes the failing trades?

    You have to be very skeptical about everything you hear or read.

    Does it make sense to you, does your own trading make any sense to you.

    I have provided some serious advice to some people around me, and even though they knew it was working, they still used their gain to waste it on trying something else.

    To me, that was frustrating to see, but on the other hand, it’s their money and they too can try and question everything, including what I tell them.

    Success ratio 1:5

    I had a question earlier by someone who asked how to get a 1:5 success ratio.

    While understanding what he was trying to achieve, this question also was a bit silly to me.

    Why would you want to have 20% failure in your trading?

    Wouldn’t you rather have less losing trades than that?

    What causes the 20% losing trades?

    Why would you take those trades anyway?

    No one can predict the market?

    If that would be true, then why are some more successful than others?

    Don’t you think that when other traders are consistently winning their trades, they have another mindset?

    In this article, I’m asking a lot of questions rather than give you the answers right away.

    I do that to make you think for yourself, to question everything and to let you make up your own mind.

    To me, this is the basis of becoming successful.

    This has to work for you because You will need to make the decisions which trade to pick.

    Something to think about

    Hopefully, this has given you something to think about, because nothing will change if you stick to being ignorant.

    You could read all the articles in the world, pay for whatever service, or follow a stock picking money,

    as long as you don’t start to Question Everything and make up your own mind, it will lead nowhere, and nothing changes for you.

    Dedication

    The chapter most of you will want to read has come.

    How do I make money?!

    I hear a lot of people telling me, this is my dream, I really want to do this, etc.

    Unfortunately, statistics show dedication sticks to words and not often become a reality.

    Some people seem to forget it took me about 30 years to figure out what works and what doesn’t.

    Also, a lot of people think they can start at $100 and hopefully be rich next week.

    Their way of doing that is gambling which most likely will blow their account.

    Be smarter than that, do whatever it takes and make educated decisions.

    As mentioned before, this really is a career, and you can decide to do it or not.

    But it does take action and patience, that seems contradictory but it is what you will need to do.

    OPM

    Other People’s Money (OPM) is a way to make money faster, once you built your track as mentioned before, you will want to use your talent to make money using OPM.

    The way to do that can vary, and usually is done by attracting investors and trade through a MAM or PAMM, which are basically the same technically speaking.

    How does that work?

    You have your own trading account, and the software will copy your trading to sub accounts.

    These subaccounts are in the investors’ name and you have agreed on a fee or commission.

    After both have signed all legal documents, the investor funds his account and trading will be done as you trade your own money.

    The agreed earnings are then automatically transferred directly into your trading account.

    How to get Investors

    You might think to yourself, I don’t have any investors, so now what?!

    There’s good news for you if you really are talented or educated.

    If you are prepared to deposit a fair amount on your trading account and let your results being tracked by A.I. you can get a Track that can be used by a Broker linked to that specific software, and it will make it possible for you to get funded.

    How to get funded?

    I will go through this simple process step by step.

    Step 1. First, sign up for a Live Trading account  by clicking here

    Step 2. Then sign up for the Free Tracking software  by clicking here

    Step 3. You keep on trading the way it works for you, and you will automatically be funded once you have gone through the process of 6 months and if your score is 75 or higher.

    Step 4. Progress through the system, and 4 months later you are a Pro Trader if you are doing well.

    Step 5. Once you already received funding from the Broker, you are now ready to be introduced to the Investors market. No way to tell where that will lead you but it is Free money for doing the same thing.

    If you have questions or need help, then  Click Here and I’ll help you the best I can.

    Experience

    Since I’ve been in the market, this really is the best way I have found to start making money while trading the Forex market.

    There are other similar programs, and I have had many discussions with several others, but I couldn’t manage to come to a fair arrangement.

    Another reason why I promote this one is that there are a lot of options here to make a solid income.

    Sounds like a big commercial but this is my experience, the choice is yours.

    If you are serious about making Forex trading your career, these are some good tips to your benefit.

    If you like to ask me any other questions, I’m here for you.

    Click here to contact me

    Best Regards,

    Hans Stam

  • Track Record

    Track Record

    Hans Stam
    by Hans Stam – Trader, Mentor, Author

    Track record – What is it and why do I need it?

    A Track Record is an overview of past trading.

    For example, it shows what your results were in the past year.

    January 2,4%

    February 3,1%

    March 1,9%

    April -2,3%

    May 5,0% etc.

    But it can also show the percentage of profitable trades and losing trades.

    A more detailed Track Record can also advise you on what you are doing right and where you need to be careful.

    If you would like to have your Trading Station checked by A.I. and give you an overview of past performances, you can try that out by clicking here.
    This gives you insight on how successful you are and it creates value.

    How does track record create Value?

    First of all, this is valuable information to yourself.

    Sometimes in your trading, it might seem you are not going anywhere, but if you take a step back, you might be surprised by how well you are doing.

    But there is a second reason.

    Others may not be as willing as you are to do the work, or they just don’t know how.

    Many still want to make some money and will want to have others trading for them, but that is risky as those people never know for sure who is for real or not.

    While doing due diligence, those people will want to see proof.

    Having a Track Record creates value for yourself and those people as they can see what kind of results you had in the past and therefore hopefully will continue in future trading getting similar results.

    Although this is not a guarantee, it does create some confidence.

    Think of track record as going to a movie with actors who are well known, you don’t know if the movie is any good until you went to see it, but going by the actors you have seen before, you do get an idea of what to expect.

    Taking another view is where you are the actor, you will need to have some good results to show if you want to be hired for the next movie.

    Of course, you can do an audition, but your chances would be a lot less in comparison to when you featured in a few blockbusters.

    Brokers

    There’s a lot to be said about brokers and although I would want to mention a thing or two, I choose not to.

    What I can tell you, that it’s best to check if they are registered with the FCA.

    I’m very well aware of IB’s and how Brokers work, and I do realize it’s not easy for Retail Traders to make a consistent profit.

    I’ll stick to my end of the line, and will continue with the options we have.

    My guess is that the future is not set in stone and that we may see some changes in the near future.

    If you like to stay in the loop, You’re invited to join my Community.

    Successtory

    Why don’t you tell me about a brand new car or trips to the beach?

    Or how I can make a million dollars starting from scratch?

    First of all, I do not want to you have an unrealistic expectation.

    Second, I do not want you to start chasing after the big money as fast as you can.

    Why? Because you would be in very dangerous waters.

    My advice is to monitor risk as much as you can and to take small trades and consistent profits.

    Make sure you have enough buffer on your account and don’t get greedy or lured into risk-taking based on past successes.

    Not all may agree on that, but those people may very well be gone off the market next year anyway.

    MT4 / MT5

    Many Brokers use the MT4 / MT5 Platforms.

    Those are platforms where you can automate your trading, or place your orders manually.

    It lets you program your strategy so trading would run by itself.

    I do not advice letting trades and orders run without monitoring, but you could preset orders and take only those trades you really want to have.

    MT5 has a few more options but in most scenarios, MT4 will do just fine.

    Passwords

    There are two kinds of passwords available in MT4 / MT5.

    Your own to trade, and a read-only password.

    The read-only password, also known as Investor Password, can be shared with investors or linked to analyzing tools such as PsyQuation.

    It allows them to see your trading and the results so they can see for themselves, but it will not interfere with your trading.

    Hedging

    Hedging is when you pick a trade and place another trade in the opposite direction.

    Wherever the market goes next, one trading is winning, the other loses.

    Basically, you freeze up the trade by letting it lose as much as you let it win.

    This might be a way to make some money, but don’t forget the opposite trade is in the negative just as much as your gain.

    Pitfalls

    The most common reason you make a loss are just a few.

    Did you pick the wrong direction?

    Whatever analyses you use, almost every trader will agree you can’t be right all the time.

    And when traders are new to the Market, most traders won’t be.

    So try to rethink the reason why you pick a trade and review it once it’s done.

    What did you do wrong, and what went right?

    Also think of another possibility, even though you won a trade, were you just lucky, or did you really think it through?

    Did the trade hit your Stop Loss?

    What caused it hitting the Stop Loss?

    Was it too close, did you do it right but the spread of the broker hit it anyway, did it hit because it was there in the first place?

    Did you not take full advantage of the trades once you were winning?

    Taking profits too early or taking them too late is another pitfall.

    Once you have picked you trade, you should know where to take your profits.

    There are ways to take profits automatically, first is a trailing stop.

    A trailing stop can close in the profits when you are following a trend, but it can also kick you out of a trade on the worst possible moment.

    The other way to take the profit is by using TP (Take Profit)

    Of course, you can always close a trade manually at any time you want.

    Did you get impatient or nervous?

    Sometimes when you take a loss, or you get impatient you may want a quick trade to make up for it.

    Usually, that ends up in losing even more which causes more panic.

    If you find yourself caught up in trading like that, and don’t even have a good reason to take the trades anymore, step away from the market and come back the next day.

    Do not get bummed out, because now you are your worst enemy if you don’t step away.

    Did you get in too heavy or run out of Margin?

    Going in too heavy is a common mistake, what is important to know is that trades are done with leverage.

    That can really be a benefit, but also takes trades south much quicker.

    Be aware you always have enough buffer so whatever trade is done, positive or negative, it will not influence your account too much.

    Greed can really mess that up, just as much as fear can. Keep that under control if you find yourself in that place.

    That would probably cover the majority of reasons, so if you do not want to lose, you will have to figure out how to deal with that.

    Facts

    What facts do we have once we enter a trade?

    The only facts that I can come up with are even less.

    The Market Fluctuates

    On any given timeframe on the charts, you can see fluctuations.

    You’ll see them on the 5-minute chart, as well on weekly charts.

    If there are no fluctuations in price, there would not be a market.

    You will not have a Loss until you take it or when you run out of Margin.

    Taking a Loss can be manual, or by hitting a Stop Loss.

    Also when you ignore a trade which is eating up your Margin can cause a Margin Call.

    A Margin Call means the broker will close all your trades due to lack of funds in your account.

    Some will warn you up front, others will just Close everything and you basically blew up the account.

    Much more facts we don’t have really.

    I do not have to wear a fancy suit or go to some guru in a hotel conference to convince me my 100% winning system is wrong.

    Going with these facts, it’s possible to create your own 100% winning system. Try it out on a demo first as that takes years of experience!

    I truly hope you will benefit from these very simple basics.

    Hans Stam

    You would like to read Automatic Trading – What Is It

    risk disclosure

  • Invest in any age, put the money in the stock market

    Invest in any age, put the money in the stock market

    2 min read

    Invest in any age. Don’t care how old you are you, you should put the money in the stock market. You should invest. Also, it doesn’t relate to how wealthy you are.

    What makes us think like this.

    The stock market is, yet, the genuine way we have for the progress.

    Think!

    Who invests a nice part of salary every year can be compensated after a decent number of years.

    For our financial growth, long-term investing is the best way to increase our wealth.

    Build your investing portfolio with the right stock and bond mix.

    Support it with index funds to maintain costs low. Avoid hedge funds for small investors and ETFs. In other words, you have to be smart and manage your investments.

    It is never late. Yes, we know. Everyone will tell you that the early ages are the best time to start investing.

    That’s true, but also, you can invest in any age.

    Invest in any age, put the money in the stock market

    The stock market is open space, who would forbid you to invest at age after 40, for example? Or after 50?

    Human’s life is longer and longer. Hence you could buy some stock, invest in bonds and in some index fund and supply your investment account for the next 10 years.

    When picking stocks you need to have in mind how you project to manage your investment. Say you are in your 40s, so you might want to invest in some high-risk assets.

    You might choose shares in some new or small company. But you might be interested in some abroad assets and developing markets.

    If, however,  you plan to invest shortly before retirement you will need some different strategy.

    Therefore, you should invest in a less volatile property.  For example, you might like to invest in bonds and shares that are paying plentiful dividends. If you are an older investor who just starts investing it is recommended to hold a mix of stocks, bonds, and index funds. Just put your money in the stock market.

    Invest in any age no matter how old you are.

    The S&P 500 gives a 10%  return per year, with dividends included.

    You might think it isn’t too much, but thanks to phenomena of compound interest you will double your capital every seven years.

    You see, just a little amount of money simply put in the stock market can produce big pays after some time.

    Where to invest in your 50s?

    Invest in any age, put the money in the stock market

    As you are nearing your retirement it is allowed to be a more aggressive investor so put your money in the stock market. For example, you may have a portfolio with 60% in stocks and 40% in bonds. It is a good balance for the majority of investors. Keep in your mind your plan to retire at 65 and you have 15 years at least to collect very nice income thanks to compound interest.

    Of course, it is best if you can start earlier. But, truly, you may invest in any age. Think how much you will have after 14 years if you start in your 50s with $10,000. The compound interest phenomena are on the scene again. Just count, after 7 years double, and the next 7 years, and… Not bad, not at all.

    Maybe you wouldn’t be able to buy the new house but you might have enough for a relaxed life.

    That’s why you should invest in any age.

    risk disclosure

  • Creating strategy for Forex trading

    Creating strategy for Forex trading

    Forex Educational Series – Part 3

    Forex strategy

    Trading Forex is the area to focus on

    by Hans Stam – A Forex trader

    Creating a strategy

    We left off in the previous chapter talking about creating a strategy of your own.

    It’s obvious you do not want to lose money, your aim is to be right on your trading as much as possible to make a profit.

    So how can you create a strategy that will work for you?

    I mention specifically it has to work for you because many will sell trading signals on their analyses, but once you try to implement the signals, your timing could be off and totally miss the trade.

    Then again, who knows if that signal is very successful and why would you trust other traders signals?

    Of course, that’s a personal choice to make, but once you would decide to create your own strategy, here are some tips.

    Demo testing before creating a strategy

    While creating a strategy that works for you, you obviously do not want to spend a lot of money so you will use virtual money using a demo account.

    Once you have set up your demo account, you can start trading as if it was real money, but more importantly, you get to know the trading station you will be using later on.

    You see all kinds of options, and most will not apply to you so you will have to figure out what you will use or not.
    For instance, the chart used.

    If you like to open a demo account.

    Charts

    Most will stick to candlestick charts but there are many other types of charts to choose from.

    Also, there are timeframes you can choose from.

    In this example, we’ll stay with candlesticks but many other types of charts will have similar info.

    A candle represents what the price did in a specific timeframe.

    If you pick an hourly chart, it shows candlesticks and the info of the price in an hour.

    Main info a candlestick is giving you the Opening Price at the beginning of that hour, the highest price, the lowest price and the closing price of that hour.

    The next candle would start its opening price where the previous candle ended its closing price.

    (If that is not the case we speaks of having a gap, but that’s not common)

    If you would change your hourly chart to a 5-minute chart, it would give you a lot more information whereas the hourly would give you the bigger picture.

    It’s for you to decide what you do with that information and how you would apply that in your strategy or not to apply it at all.

    Indicators

    Forex strategy

    Using charts you will also have indicators. For example, you can use a curving line which follows the Simple Moving Average of the price known as SMA.

    Others are MACD or RSI to name a few. There are countless indicators, and it’s up to you to use some of them or to ignore them.

    Every indicator you would use has its own specific purpose and shows you the result of what that indicator is designed for.

    We can’t go through all of them, so if you choose to apply you can do some research on a specific indicator.

    Most commonly are MACD, RSI, Moving averages, often in combination with trendlines, Channels which form, Support/Resistance, Fibonacci or Elliott Waves, etc.

    It’s up to you what you want to use or go a completely different way in your trading.

    Trends

    Forex strategy

    Often when patterns emerge from the charts it shows a direction to where the price is heading.

    If you see a clear direction you could translate that to yourself as seeing a trend.

    As we talked about previously, we would like to figure out what most other traders would do, and seeing a trend could be useful.

    If you build your strategy, you could make up some rules for yourself to test and see what result that gives you, one of them could be catching those trends.

    The beauty of trying that out on a demo is, it will be virtual money, so even if you lose, no harm is done. But it is very useful while creating a strategy.

    Stick to what works

    While trying out your strategy starting from scratch, you will notice some things work, others don’t.

    Try to figure out what causes losses, and eliminate those reasons by altering your strategy to where that won’t happen again.

    Then go test it again on your demo.

    You decide when you think your strategy is working properly, then you can try to trade real money and go make a profit.

    As soon as you notice it’s not working, stop trading and go back to demo trading, see what caused it to fail, and alter the strategy.

    Rules

    When you look at how others trade, they often have rules. Institutions also have rules which you cannot break if you want to work there.

    The big advantage we have as private traders is that there are no rules at all.

    We can make up our own rules. It’s our money, our strategy, and whatever anyone else says, you can choose what to apply or not.

    The broker you work with could have some rules, but other brokers might not have those rules at all.

    Choosing a broker may be of importance when you want to trade your strategy.

    It really takes some creativity and patience to create your own style, but once you have done that, the rewards will be all yours.

    Mentor

    If you think to yourself, it’s hard to do all that work, can’t I just get a mentor?

    Well, that may be harder than you think.

    Often when people look for a mentor they end up in a strategy that can be incredibly difficult to follow.

    The alternative is to just let some robot trade which is programmed by these “companies”

    Real mentors will learn you how to think for yourself, and if what they have tried and tested makes sense.

    The reason why a mentor is very valuable to you

    …is that you will have to make your own decisions in the future.

    You can’t rely on anyone else to make all the decisions for you, because what would happen to you when that mentor decides to just quit?

    Or what would happen when that mentor starts to charge you $1.000 a month just to follow instructions?

    If that would happen, the information may or may not be that valuable, but you would still have to make more to end up with a profit.

    A good mentor will take you by the hand and walk you through all your questions, pointing out the stones on the road so you can find your way in the dark.

    I once met a man who had sold over a thousand courses for the price of $300.

    So he made over $300.000 just by selling his course and in addition, he lets his students pay an additional $30 a month just to get access to “Hindsight Trading” on YouTube.

    When I talked to him, he did know a lot about indicators, etc. but frankly, I thought he didn’t know what he was talking about as he was guessing just as we would too.

    He’s a great salesman, but that is not a guarantee you will get value for your money.

    In the end, results count and you will be the judge if it is worth your money or go look for another mentor if you would need one in the first place.

    Q&A

    If you like me to cover a specific item regarding trading, just let me know by sending me an email, and I’ll try to clear that up in the coming articles.

    Best Regards,
    Hans Stam

  • The stock market trading for beginners – It Shouldn’t Fright You

    The stock market trading for beginners – It Shouldn’t Fright You

    stock market trading for beginnersIf you’re afraid to start trading stocks, here are some sure ways on how to do that

    By Guy Avtalyon

    The stock market trading for beginners can appear somewhat terrifying. Trust me, I know that.

    Before you begin to trade stocks you need to know the costs. Invest the money you can cover if failed. The tricky part of the stock markets is that you can’t expect any guarantee you will get big returns.

    But there is a big advantage when trading stocks. It gives you an opportunity to preserve your savings in circumstances of rising inflation. If you work smart and catch the experienced traders’ performances, you may have the chance to hit big returns.

    How to start trading stocks?

    As first, you have to pick a broker. That broker must be licensed and regulated. This matter is crucial for all stock market trading beginners.

    The chosen broker will provide you access to its trading platform. For instance, you would like to join the stock market.  You have to know better what are you dealing with. If you want to become friendly with the platform you prefer, the general advice is: begin with small sums of money.

    You are a fresh participant in the arena of online stock market trading.

    You have to read the financial news. That is helpful when it comes to which stock to buy. News is very important for stock market trading for beginners. Also, you can participate in a number of forums. There you can find some advice.

    Truly, you can get a lot of helpful free data in public places for stock market trading for beginners. And study a business you prefer before you stock market trading.

    The reasons to start the stock market trading

    Say, you got some stock. And the time goes by as always. Assume that after several months the price of the stock goes up. So, you may trade your stock, sell them, and earn a profit. Of course, you can wait longer. If you were smart enough and done well research you picked a worthy company and your stock will rise more.

    The stock market trading for beginners is full of chances. But here we come to the importance of news. The value of your stock depends on a large variety of circumstances. As you are a beginner in the stock market trading, you have to know that socioeconomic impacts, geopolitical topics, inflation, and so many others may have an influence on the value of your stock.

    You have to know that all the time, all of them, are acting cooperatively. Sometimes they are operating in reverse courses, but they are working. And all of them may have influenced the price of the stock. That is necessary to know for stock market trading for beginners.

    But possibly the highest influence on stock prices create the people. If there is a crowd that assumes the price is going up, the price will go up. It will take some time to learn how to trade stock but it worth your effort.

    Stock trading strategies for beginners

    When you start a stock trading and you are beginners one central question appears. Which trading strategies for beginners to implement?

    This question isn’t without purpose.

    Some stock trading strategies are very complicated. You should not implement those as the best stock trading strategies for beginners. As a beginner, you should rise with simple strategies. With something smooth and comfortable. This rule fits every novice. It is very important to understand how markets work, so it is highly recommended to follow the trends.

    Following the trend is an excellent strategy for stock trading for beginners. Just set it and open the position in the course of the trends. There are various ways created to identify when a trend begins and finishes. An easy stock trading strategy for beginners has simple rules. Follow trends and you can gain large profits.  But there are also some disadvantages. Actually, large trends develop rarely.

    This strategy can generate losing trades. “The trend is your friend, UNTIL THE END,” said some very smart and experienced once. The end is when the trend sinks.

    It is very important for stock trading strategies for beginners to be executed with risk management. Find more about stock trading and investing in stocks with a little money HERE

    Don’t waste your money!