Gypsy Rose Lee told new entertainers that “you gotta have a gimmick”. For stock market traders the advice is “you gotta have a system”. Without a system, trading is erratic and risky.
Learn how to outsource your workload. While you have to pay other people to do your work, you also end up being able to accept more deals than if you were to do everything by yourself. Their payment is just a small price to pay for the bigger revenues and you even get to help other people make a living.
I’m not going to pretend that these ideas are the ultimate in Best Forex Brokers records – there are more complex and comprehensive ways of monitoring our trading, including those that cost a fair amount of money.
Trend lines occur when three peaks or three troughs are plotted on the line and linked with a straight line. Trends may go up or down and to the experienced trader there is money to be made either way. Some stock market systems look for breaks in the trend and buy or sell on those points. Identifying trends can be tricky particularly for day traders who watch for possible trends within a matter of hours. But catching the trend for a stock market trader is much of an exhilarating ride as a surfer catching the big wave.
On that note, be leery whenever someone says you can avoid paying income tax or make unbelievable tax savings without the tax man knowing. If you’re unlucky, your financial situation could become 10 times worse if you follow tax misconceptions.
EVEN IF you make wrong decisions, do not worry. It is better to make 3 wrong decisions than not making any at all. Once you start making decisions, you will improve progressively with the result that you may one day make a big killing that will compensate you for all past losses. It will also improve your character. In every form of business or personal life, you will begin to make decisions rather than keeping the issues on back burner. Delay is gone from your life forever.
Entice your clients with great freebies. When you give away stuff, your advertisement doubles. People love to receive free stuff and tend to monitor websites and businesses that do so fairly regularly.