6 tips to start trading
You have some money left and you want to invest in the stock market, but you do not know how to do it? To guide you, Editus.lu gives you some tips!
Bet on the long term
If your wish is to enrich you as soon as possible, do not rely on stock market investments! Unless luck, you will not return your investment in the following months, even in the early years .
What's more, by choosing to invest in the short term, you risk taking undue risks. Instead, focus on patience, and focus more on companies with strong longevity potential.
Pretend that the money invested was lost
To avoid any nasty surprises, tell yourself that you will never see the first money invested again. The goal, of course, is not to lose money, but it is very likely that when you started, you made some mistakes. Nevertheless, it is better to do them from the beginning, in order to refine your strategy and discover what works.
Go there softly
Be careful not to invest huge sums or all of your money from the start, because during break-in, you may experience some disappointment . However, once your method is proven, you can take more risks and invest more money.
Do not listen to advice
Or at least not all. Because indicators, there are hundreds, but they are few to be able to provide you with sound advice or provide you with accurate information, as the market is volatile.
So do not trust anyone, even if you do not lose anything to listen to their recommendations. Rather do your research yourself , and think only of investing in a company if you have fully understood its activity and history.
Invest in companies that we know
Escape the unknown, do not bet your money on a society whose activities, numbers and history you do not know . Before making any decision, be sure to be in possession of all necessary information.
Do not bet all your money on the same company
To avoid seeing all your invested savings go up in smoke, diversify your investments by opting for companies whose business sectors vary.