Learning how to trade stocks is not something you can learn in one day. It requires lots of your time before you can stand and say you’re a stock trader.
Don’t get me wrong, you can say that at any given time but that won’t mean you’re a successful stock trader. In order for that to happen you’ll need to put one thing in practice, and it’s important that you do so.
What’s this “One thing?”
No secret here; in fact if you have been reading our blog posts you should see this by now. Keep reading to see what I’m talking about.
It’s always difficult to do the right thing. That’s why so many of us have lost so much money before we get a hang of this market.
Don’t you feel this way too? Doing something the right way tends to be harder than doing it in our own ways. It’s because we like staying in our comfort zone. Unfortunately, we do have to move out of our comfort zone to see what we can find.
We may not want to jeopardize our duties, but doing things the wrong way is something that most people usually have to deal with.
According to Business Insider, “Experiments show that children become more interested in a toy after they’re put under severe rather than mild pressure not to play with it.”
I think it goes the same way for us in many things including trading stocks. Knowing that we do have to learn the steps make us more rebellious toward educating ourselves.
Putting some time apart to read about the market is the best way to learn what’s going on within the market. Not only that, it can also helps you to be a better stock’s trader.
Sad to say, you won’t find a good number of traders who are devoted to doing so. Why is it so hard to though?
I will answer this question in a minute.
StockTRADER.com states that the most important way to start trading is by reading books. It’s something that I strongly agree with.
A wealth of information could be found from books. Why not reading them knowing that they’re the key to your success in stock trading?
Jay Way states that financial statements are very important to investors. If you’re not reading how could you possibly use this tool?
Our goal here is to help you through your way of becoming a great stock’s trader. For this reason I will tell you the best way to become a great stock’s investor, hopefully you may find it helpful to you.
Let’s move on straight to the point.
What’s the best way learn how to trade stocks?
There’s no secret about that, if you want to learn how to trade stocks you’ve got to learn from those who’ve done the process before you.
They’ve set the path for you making it easier for you to attain your goal.
Well, how can you do that?
Read, read, and more read is the only way to learn from them. As I’ve already pointed out to you, reading is the key to almost anything.
Reading about a topic on something you want to learn more about is always the best way to go. You can’t be wrong with that.
From my experience, learning by reading is not hard at all. In fact, I’ve learned so many things just by reading about them. If you do a little research on Warren Buffet, you’ll find so many articles written about his success and how he has attained it.
Even Mr. Buffet himself has shared his secret with the world which is to read every day. As penny stock traders we don’t have much time for that.
But by putting a little bit of time aside to read about the market and learn from the pros can help you a great deal of time.
Shane Parrish from The Week states “You can acquire knowledge if you want it.” He couldn’t have said it any better, if you want to learn about financing then you should read about financing.
If you want to be more knowledgeable about penny stocks, you should read more about them. Everything you need to know is right there on the webs, you’re the one who’s not putting the time and effort to acquire them.
Believe me on that, once you take time to educate yourself about this specific market, things will change for the better for you.
Lana Winter-Hebert from Lifehack states,
The more knowledge you have, the better-equipped you are to tackle any challenge you’ll ever face.
Sometimes we get to a point while we’re trading and have no idea which option to choose to move one. Trust me, you’re not the first one to ever reached such a block.
Many other gurus have had these type of experiences before, and the good part about it is that they’ve written many articles for traders like you to learn from.
What should you read to supplement your knowledge in trading?
When I refer to reading I’m not talking about about reading what other traders are commenting about on social media.
Nor am I talking about reading what others are posting on a trading forum board.
Referring to reading here means to take time like you’re doing right now reading this post, but there are more into it which I’m about to share with you.
You have to read books
According to a Huffpost poll of 1000 US resident, 28 percent of them hadn’t opened a book not even once the entire year.
If you ask Warren Buffet, one of the greatest stock broker of our time, how did he become so smart in the market?
I’m pretty sure he would say it’s because he spent lots of time reading books and learning from them.
The knowledge of everything you can ever think of is hidden inside some books. There isn’t any better way for very intellingent people to share their idea.
If they could open people’s brain to put in knowledge, I’m pretty sure you and I would not have been so fortunate.
Luckily, it’s not the case. The only thing that’s stopping you from acquire more knowledge is because you chose not to. It’s as simple as that.
Read detailed articles
You may like to read short blog posts which is not a bad thing. Reading long and detailed articles will always expose you to at least one thing you didn’t know.
It’s not for no reason writers spend their time writing them with so much information. It’s because they want to be sure that everyone who reads them finds something from them.
I’d be very pissed if I read a long article and nothing in it is important to me. It’d be a waste of my time, and my time is crucial if I must tell you.
To wrap up…
Learning how to trade stocks is a phase we all have to go through before we can actually start making money. Don’t listen to your friends or colleagues when they’re telling you how much money they’re making from their trades.
It didn’t start as beautiful for them, they may not have told you anything when they were losing money on daily a basis, but they did lose.
No stock trader can say that he or she has never lost any money through trades, it’s a fact.
Read some books on how to trade stocks, read detailed articles, and practice through stock’s games. You’ll be glad that you did when you see the results.
Have you ever read a book about the stock market that has helped you so much?
Share with us in the comment section.
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