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What is Trading? How Do I get Started?
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Trading stocks sounds like a taboo subject. If you aren't a finance guru or a daily businessman on Wall Street, you might be wondering... how are everyday people trading and making money?
You see the tickers on the news and maybe even hear of those apps on the phone that make it easy. It’s a great side hustle to get you some passive income. However, it can still seem so complicated to get started.
I'm going to give you a brief overview on what trading is and where you can learn. You will be able to get started making money ASAP!
What is Stock Trading?
To start, what is stock trading? Stock trading is a form of investing and allows you to focus on short term gains. There are two main forms of stock trading. You can read about these two types of trading and then take a look at what your specific goals are and how you wish to proceed.
1. Active Trading
Active trading allows you to trade with the intention of short-term movements based on the market trend. This is a great option for someone willing to put in daily effort as it's more risky.
Those who place more 10 or more trades per month would be considered an active trader. Market fluctuations and timing is where the profits come from within active trading.
2. Day Trading
Day trading sounds like what it is... trading within the day! This trading means there is a focus on how much money you can make within hours, days or minutes.
Essentially, you watch the numbers and take advantage of very small fluctuations in order to gain a profit.
Learn the Language of Trading
Trading itself is complicated—but not impossible. In order for you to understand the atmosphere in which trading occurs it is important you sit down and go through the "language" of trading.
Take sometime to do research and understand terms such as:
The Pro Trader Course
There are so many great ways to get started in trading. This trading program will change your life. If you want to learn how to make profits, and make thousands in a day, check out this Pro Trader Course created by Invest with Teri.
It can help you learn everything you need to know about training to help you get started. This course will make something that sounds as complicated as trading seem so easy. Get started today!
Once you get started investing, it is so important to manage your money. You need to have a good financial plan or you can lose the money just as quickly as you make it. I have a lot of great free resources to help you track your budget and manage any debt you may have!
If you want a more detailed way to track your budget and bill, check out Rocket Money. It has all the helpful things you could need to not only manage your bills, but even lower them! Check them out here.
So you want to get started with trading it’s important to know that it’s not quite as complicated as it looks. It’s actually easy to get started if you have a little bit of help. Check out Invest with Teri’s pro course and learn to make thousands trading!
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