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What is the best stock to invest in for beginners?
I think it depends on the situation. Perhaps, for a beginner, you should first analyze the market for a few days then take the action to buy shares. By this, you will get some knowledge of the market, so by which it would be easy to take a call to buy the shares. Just giving a simple example - In thRead more
I think it depends on the situation. Perhaps, for a beginner, you should first analyze the market for a few days then take the action to buy shares. By this, you will get some knowledge of the market, so by which it would be easy to take a call to buy the shares. Just giving a simple example – In this COVID-19, all of the sectors where down only 2 sectors were doing well Pharma and IT. The reason behind the Pharma sector doing well as all companies are trying to find a cure for the diseases. And secondly, the IT sector is up because of the disease the people cannot go out everything was in the digitalization stage- Payment systems, online classes for students, Online Conference meetings, etc, and still going on. So for a beginner, you must analyze the situation and start with a small amount of investing, and then afterward when you get a grip on it you can invest in a higher amount.
See lessIf people actually make money from forex as they claim, then why do some people lament about getting hooked!
A lot of people are afraid of Forex trading because they heard about people who had lost everything they had speculating on currencies or other assets. Some have been tricked by their brokers and coerced into depositing more and more money into their trading accounts. some agents working on behalf oRead more
A lot of people are afraid of Forex trading because they heard about people who had lost everything they had speculating on currencies or other assets. Some have been tricked by their brokers and coerced into depositing more and more money into their trading accounts. some agents working on behalf of brokers get extra bonuses for new deposits their clients make.
See lessAs a result some agents can get quite aggressive in their methods. They promise to share a proven strategy that is going to work and you will win it all back. This type of psychological game is something they are not only ready to engage in but they are also praised for doing so in form of additional bonuses from their employer.
The truth is that succeeding in Forex trading is possible if you know how to read and analyse trading charts. Another important aspect is to trade using daily charts or 4Hour charts. Chasing quick profits is not beginners. It is for more advanced traders who know what they are doing.
So, focus only on Daily charts and learn technical analysis to be able to recognize trends. When you learn that, proceed to learn how to ride trade and follow trending markets.