Alexander Gerchik is a professional trader with many years of experience. On his blog, he claims to know how to make $4,000,000 out of $400. Today we want to share a couple of his financial tips, they will probably be useful to you, because he has a lot of success on his shoulders.
- On how it is possible to engage in trading without training. Alexander believes that there are people with a highly developed intuition. In theory, with its help, a person can conduct several successful transactions. However, one of the important indicators of a trader’s success is the absence of losses over a long period of time. And without thorough preparation, it is impossible to stay in the positive territory for a long time. To be successful in trading, you need to master the theoretical base, technical and fundamental analysis, as well as discipline. You can start with simple trading books or buy a course, or even start with free video tutorials. It will be useful to keep a record of both successful and unsuccessful trades, analyze them, and you also need to learn how to find the right entry and exit point for a trade.
- Candlestick, line and bar price charts: what does a beginner need to know and what will it be more convenient to trade on the stock exchange with?
A trading chart is a set of prices at a certain time interval. It shows the value of an asset in a specific period of time. What is the best chart to choose: candlestick, line or bar — it will depend on your personal preference. It is believed that the bar value chart is the most simple and informative: the price of opening, closing, high and low prices.
Do you agree with the opinion promoted by Alexander Gerchik? Write your answers in the comments below the post. 👇
