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Why Learn to Trade Stocks?

Stock trading has numerous benefits as a viable part time occupation. 

In contrast to a second job, there are no special qualifications to begin. The stock market doesn’t care about your level of success, education, ethnic origin or any personal characteristics. Complex employers, office politics or difficult employees do not play a part in trading. Additionally you have the freedom to trade from any location. If you follow a few simple rules you can run your business on your own terms.

The most important factor is to be clear about why you want to trade stocks. What do you hope to gain financially from learning to trade?

Are you looking to: 

1. Create an enhanced lifestyle with supplemental income?

2. Replace a full time income with a passive income stream?

3. Become independently wealthy by creating a financial base independent of other income sources?

What would being a successful trader mean you? Imagine yourself making successful trades and gaining financially. Think about what it would feel like to have extra money in your bank account and to achieve your targets. With a clear picture of what you want and how that would feel you will be able to remain focused and motivated.

Your first task. 

Your first task is to put one primary goal for your trading plan in writing. Additional goals you set can then support your primary plan.

Know Yourself 

As well as learning to trade stocks it is essential that you understand yow you react under stress. Being aware of your own behavior patterns and common causes of and reactions to stress when trading will help you to master stock trading.

The reason that many people lose money in the stock market is because they lack the proper knowledge base. Independent of trading styles there is one thing common to all successful traders; the use of a tested and proven system.

In learning to trade you must be willing to let go of pre-formulated ideas and start fresh, develop new successful habits, and the discipline necessary to trade successfully over time.

Are you willing to do this?

Successful stock market trading eludes many people because they don’t have contact with an experienced, successful trader or trading system that actually works. Going it alone can be potentially expensive when learning by trial and error. Investing in a solid education and taking advantage of the insights and experience of successful trader makes a lot of sense when learning to trade successfully.

Pre and Post Market Trading

15 comments:

  1. Finally a 101 on this topic. This is the first page that should be shown and read first. I will book mark it. Thanks.

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  2. Everything in life comes with risk.I like risk thats why Im starting to invest wwith stock market.

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  3. I was actually looking for a way to earn extra cash and glad I found this article. Its great to know the benefit of stock trading as well as how to start so many thanks to the writer.

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  4. I agree with you.. to be successful in trading,its important to learn the nitty gritty of it from experienced traders..Nice one..

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  5. Torn between trying this one out and quitting my day job or just sticking to my day job. When I hear "stocks" and "trading" I want to run away from it as far as possible. But seeing this article - definitely went a long way into trying to make stock trading more and more appealing to me.

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  6. It's not good to depend on your salary a lone. It comes a time when you loose the job and you even don't know where to start. It's good to have some backups.

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  7. So much benefits on why I sound trade stock. I can't wait to start Creating an enhanced lifestyle with supplemental income. I will so like this.

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  8. Anyone with a bit of extra time on the side should take up trading. It's like insuring your future

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  9. I'm so much into trading I might take it as a full time job once I get good enough. I'm happy I discovered it :)

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  10. Thanks for the tips! I have no idea about how to begin so this is great for people like me. That bit about reacting under stress is very helpful for me as well. Cheers!

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  11. Very true it can be very hard or even frustrating to learn stock trading through trial and error. You need someone who can help you navigate the loopholes wisely.

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  12. I would like to do stock trading as a part time source of income. This information is helping me to grow every bit of the way.

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  13. I am really interested to know more about stock market. I need more information about this thing or probably a real mentor. Thanks for article though!

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  14. For anyone who is thinking about joining the stock market, it's an excellent area to join. There are so many passionate people in the stock trading community and it can apply to any aspect of life. There are simply so many benefits to being a stock trader... it's hard to see why everyone doesn't trade.

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  15. It was a good article for understanding about trading . i also took help from a podcast : https://shows.pippa.io/inpennystock/episodes/why-trade-penny-stocks . it was also good. Anyone want to suggest me something ? please let me know :) will happy to know that

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