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How to Start Trading Stocks And Become Very Successful At It

How to Start Trading Stocks And Become Very Successful At It

If you want to start trading stocks, this post is designed to help you not to make some very common mistakes that can affect you. Avoiding them will enable you to have a better experience.

As the economy is going down a stock trader’s life is getting harder. However, a great stock trader will always find a way to make money through none other way than stock trading. How could this even be possible? Like in everything else knowledge is power. The more you know about the trading market the easier it gets for you to make money from it.

That’s why even when the economy is not doing so well, a great stock’s trader will always know what to do and will also make sure that he or she is making profits on his or her invested money.To become a successful stock’s trader there’re several factors you’ll need to take into consideration. Until you do so you could be putting yourself into a lot troubles.

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When you’re trading stocks you’re actually investing your money into the companies. In fact, it means you own a tiny portion of those companies in which you’ve invested your money. When those companies make profits you do too, but when losses occur you lose as well.

However, your losses and the companies losses are somewhat different. When a company loses, that money is gone right away. But in your case as an investor, your money is not really lost until you decide to sell your shares. It’ll always be up to you to know whether or not you should sell. Some people will hold on and pray that the losing trend reverses and starts gaining some of their losses back, while many others would just accept the loss and sell the rest of their shares. It’s a decision you’ll always have to make on your own if you ever got caught up in a situation as such.

How to start trading stocks 

In order to be able to start trading stocks you’ll first have to open a brokerage account. It’s through this broker you’ll be able to execute your transactions. Whether it’s to buy or to sell your shares, your broker will be the middle man. The requirements are not much. You’ll have to be at least 18 or 21 years of age depending on the state where you live, which is very important. And you’ll also need to have a social security number which will be used as your ID number and for tax purposes.

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You may find it a little difficult to pick a broker because there are many of them. It’s extremely important that you pick the right one for your trading habit. All brokers are not created equal, they have their own characteristics. One may be the right one for you while another one is totally the opposite. When it comes to fee per transaction, it varies from broker to broker and those fees can significantly affect your portfolio.

Once you’ve been registered with your broker you can then fund your account in order to be able to start trading. There are different paths through which you can send money to your brokerage account. The fastest routes are via electronic transfer and wire fund transfer. Electronic transfer is free of charge, it’s just like a bank to bank transfer which you do on your own. However, a wire fund transfer will cost you a fee, some banks will charge you a fee of $ 25, but this fee varies depending on the bank. If you aren’t in a hurry, you can mail in your check or money order which won’t cost you any more than your mailing fee.

What should you do next to make sure you’ll be making profits?

If you don’t know anything about stocks trading the best thing to do is to sit down in front of your computer and start researching. Not conducting any research is one factor that’s causing so many traders to lose their hard earned money. You don’t want to be part of this group of people, for this reason you’ve got to conduct your research before you buy any stock.

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It’s not difficult at all, if you know what to look for. But if you don’t know anything about the market I’d suggest that you start by doing paper trading instead. Once you feel that you’re ready for the real thing you can move on and start using real money. There are many websites out there providing free paper trading platforms, they’re very helpful if you’re looking to learn the tricks. Wall Street Survivor is the one I used to utilize, it’s very easy to navigate through. You can take a look at it to see if you like it, if not you can always find many others through Google search.

If you do so, you should be able to perform better than many stock traders out there who are trading on luck. You may need a little luck sometimes, but your education is the secret to become successful trading stocks. You may have heard of several individuals who become millionaires from the stock market. If you take your time to read their stories you’ll see how much time they’ve spent into their education before they were able to attain such a goal.

Educate yourself, don’t rush to trade just because you want to. The more you know about the market the better it is for you. One day you too will be so successful from stock trading.

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Featured photo credit: ifloserswrotebooks.com via ifloserswrotebooks.com

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Last Updated on January 3, 2020

The 10 Essential Habits of Positive People

The 10 Essential Habits of Positive People

Are you waiting for life events to turn out the way you want so that you can feel more positive about your life? Do you find yourself having pre-conditions to your sense of well-being, thinking that certain things must happen for you to be happier? Do you think there is no way that your life stresses can make you anything other than “stressed out” and that other people just don’t understand?  If your answer is “yes” to any of these questions, you might find yourself lingering in the land of negativity for too long!

The following are some tips to keep positive no matter what comes your way. This post will help you stop looking for what psychologists call “positivity” in all the wrong places!  Here are the ten essential habits of positive people.

1. Positive people don’t confuse quitting with letting go.

Instead of hanging on to ideas, beliefs, and even people that are no longer healthy for them, they trust their judgement to let go of negative forces in their lives.  Especially in terms of relationships, they subscribe to The Relationship Prayer which goes:

 I will grant myself the ability to trust the healthy people in my life … 

To set limits with, or let go of, the negative ones … 

And to have the wisdom to know the DIFFERENCE!

 2.  Positive people don’t just have a good day – they make a good day.

Waiting, hoping and wishing seldom have a place in the vocabulary of positive individuals. Rather, they use strong words that are pro-active and not reactive. Passivity leads to a lack of involvement, while positive people get very involved in constructing their lives. They work to make changes to feel better in tough times rather than wish their feelings away.

3. For the positive person, the past stays in the past.

Good and bad memories alike stay where they belong – in the past where they happened. They don’t spend much time pining for the good ol’ days because they are too busy making new memories now. The negative pulls from the past are used not for self-flagellation or unproductive regret, but rather productive regret where they use lessons learned as stepping stones towards a better future.

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4. Show me a positive person and I can show you a grateful person.

The most positive people are the most grateful people.  They do not focus on the potholes of their lives.  They focus on the pot of gold that awaits them every day, with new smells, sights, feelings and experiences.  They see life as a treasure chest full of wonder.

5. Rather than being stuck in their limitations, positive people are energized by their possibilities.

Optimistic people focus on what they can do, not what they can’t do.  They are not fooled to think that there is a perfect solution to every problem, and are confident that there are many solutions and possibilities.  They are not afraid to attempt new solutions to old problems, rather than spin their wheels expecting things to be different this time.  They refuse to be like Charlie Brown expecting that this time Lucy will not pull the football from him!

6. Positive people do not let their fears interfere with their lives!

Positive people have observed that those who are defined and pulled back by their fears never really truly live a full life. While proceeding with appropriate caution, they do not let fear keep them from trying new things. They realize that even failures are necessary steps for a successful life. They have confidence that they can get back up when they are knocked down by life events or their own mistakes, due to a strong belief in their personal resilience.

7. Positive people smile a lot!

When you feel positive on the inside it is like you are smiling from within, and these smiles are contagious. Furthermore, the more others are with positive people, the more they tend to smile too! They see the lightness in life, and have a sense of humor even when it is about themselves. Positive people have a high degree of self-respect, but refuse to take themselves too seriously!

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8. People who are positive are great communicators.

They realize that assertive, confident communication is the only way to connect with others in everyday life.  They avoid judgmental, angry interchanges, and do not let someone else’s blow up give them a reason to react in kind. Rather, they express themselves with tact and finesse.  They also refuse to be non-assertive and let people push them around. They refuse to own problems that belong to someone else.

9. Positive people realize that if you live long enough, there are times for great pain and sadness.

One of the most common misperceptions about positive people is that to be positive, you must always be happy. This can not be further from the truth. Anyone who has any depth at all is certainly not happy all the time.  Being sad, angry, disappointed are all essential emotions in life. How else would you ever develop empathy for others if you lived a life of denial and shallow emotions? Positive people do not run from the gamut of emotions, and accept that part of the healing process is to allow themselves to experience all types of feelings, not only the happy ones. A positive person always holds the hope that there is light at the end of the darkness.  

10. Positive person are empowered people – they refuse to blame others and are not victims in life.

Positive people seek the help and support of others who are supportive and safe.They limit interactions with those who are toxic in any manner, even if it comes to legal action and physical estrangement such as in the case of abuse. They have identified their own basic human rights, and they respect themselves too much to play the part of a victim. There is no place for holding grudges with a positive mindset. Forgiveness helps positive people become better, not bitter.

How about you?  How many habits of positive people do you personally find in yourself?  If you lack even a few of these 10 essential habits, you might find that the expected treasure at the end of the rainbow was not all that it was cracked up to be. How could it — if you keep on bringing a negative attitude around?

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I wish you well in keeping positive, because as we all know, there is certainly nothing positive about being negative!

Featured photo credit: Janaína Castelo Branco via flickr.com

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