Thursday, May 7, 2015

How do I start?



Trading shares may seem complex when you are starting out.


If you are a beginner I strongly recommend practicing on a demo account before committing to real money. www.Plus500.com is a great way to start. They allow you to open a demo with $30,000, with no expiration time. Plus500 offer CFD's. I'm recommending this site as its easy to set up and it simplifies the charts, buying and selling transactions. I also use IG Markets. There charting package is excellent offering the user various methods of analysis and technical applications.

Share trading on-line is high risk and has its challenges. As an alternative you may wish to use a broker. However, you need to know the basics to be able to know if your broker is performing.

Buying shares is easy once you know how. Formulating a trade plan through fundamental and technical analysis with rules and risk management of your equity are elements that we will cover in this blog. Doing the work and trade planning is what makes you money in the long run – nothing else will. This takes practice and patience. Confidence is a key factor and comes from a strategy or plan.