3 useful tips for novice traders

We still continue to share useful trading tips. If we talk about the beginning of investing, many experts write about the most important thing — the ability to minimize financial risks, as well as conduct their investment activities in accordance with the law. There is something else interesting.

· Be wary of quick success. If luck smiled at you after several transactions, then you should not assume that in the future everything will turn out just as flawlessly. The first successes are just your test for long-term work.

· It is best to use proven investment strategies. It directly influences how high the chances of the desired success will be. For example, one of the popular long-term strategies is “buy and hold”. The bottom line is to buy different assets and at the same time refuse to sell them, even if the price goes down. The basis is the idea that historically in the long term (10–20 years) markets always grow.

· Use your own funds for stock trading. With leverage, the risks of burning out in the market and going into the red for a novice trader without preparation are very high. The situation will be difficult to correct, so first arm yourself with knowledge and initial capital.

What investment strategy do you prefer to use?

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