TrendsTurbo Forex broker advice for new tradersJohannes Röll 04 / May / 21 Visitors: 267
How to trade carefully and successfully with TrendsTurbo broker.
You want to try trading. Where to begin?
The modern exchange is electronic, you can trade via the Internet without getting up from the couch. But this requires an intermediary - a broker like TrendsTurbo broker, that is, a company that has a license for stock trading. Before heading to a broker, there are a few important things to consider.
1. Estimate how much you are willing to invest
In theory, you can start with any amount. For example, the TrendsTurbo Forex broker Bronze account needs only a $250 deposit. But such a sum will not bring you any large profits, it won’t allow you to get through any major market shifts and won’t let you open a couple of transactions at once. Common opinion is that it is worth starting to invest if you are ready to risk several tens of thousands of dollars. But that’s not true. What you really need is leverage – market mechanism which is provided by the broker and lets you operate larger investments. Also, do not forget that the Forex is a market where risk becomes the part of your everyday trading routine. It is better to imagine in advance a situation in which you will lose your money. If you realize that you can afford it and it’s not a disaster for your budget, you can give it a try.
2. Consider how much time you are willing to spend
Working with a broker, you need to independently develop an investment strategy. That is, only you will make decisions about what and when to buy and sell. The broker is not responsible for the risks and transactions, it is just your “hands” on the securities market - it carries out your orders. Therefore, you will need to thoroughly understand how the securities market works, and constantly monitor the situation, analyze information and make decisions.
If you have little experience and are not sure about your decisions, you can find another professional intermediary who can help you decide which securities and when to buy and sell, or start dealing with small amounts.
Frequent traders mistakes: how not to do it TrendsTurbo.com broker tips
You cannot invest in securities everything that you have
TrendsTurbo broker tip: Set aside money for living and unforeseen expenses first. Create a "safety cushion": open a bank deposit - and only then start trading. Your trading at first won’t become the basis of your earnings – so think of it as of additional income.
Do not act at random - take the training
TrendsTurbo broker tip: If you decide to trade on the exchange yourself, be sure to complete the training. Most companies like TrendsTurbo.com broker offer courses for beginner investors. Trading programs often have a demo mode: in it, you can try your hand at no risk of losing money.
Don't give in to emotions
TrendsTurbo broker tip: Acting on impulse can make many mistakes. A novice investor should not react harshly to the slightest price movement on the stock exchange. He must act decisively if the price changes significantly. Set the limit for the losses that you are willing to incur: for example, if assets have fallen in price by 20%, you need to sell and, as they say on the stock exchange, fix the losses. In other words, you are ready to accept the loss of 20% and complete the trades to avoid even larger losses. The desire to wait a little longer - suddenly "rebound" - will be great, but you do not need to succumb to it.
Don't put all your eggs in one basket.
TrendsTurbo Forex broker tip: It is better to buy securities of companies from different industries, different currencies and different CFDs. For example, when oil prices fall, the securities of all companies in the oil and gas sector suffer. If you purchase securities of companies from various sectors of the economy, for example, the chemical industry, mechanical engineering, telecommunications, this will help you reduce the risk of losing your invested money (or, as financiers say, diversify your risks). Same happens when it comes to different currencies, which are driven by gold prices, or oil, or political activities.
Do not trust promises to earn 500% per day
TrendsTurbo.com broker tip: Only scammers can guarantee anything in the stock market. A responsible broker should warn you of the risks. The situation on the stock exchange is changeable, and only you are responsible for the decisions made. For example, you can find risks disclosure on the TrendsTurbo.com Forex broker website.
A novice investor needs to understand that trading on the stock exchange is not a casino or a lottery, but a scrupulous calculation. A novice investor is unlikely to be able to get rich instantly by trading on the exchange. If you are just starting, choose the safest strategy that will prevent you from losing a lot of money. Becoming an investor is worth it only if you have calculated the risks and want to try to extract even more benefits from them.
If you open an account with a broker like TrendsTurbo Forex broker, you can independently make transactions on the exchange through the trading terminal - buy and sell stocks, bonds, conclude contracts that are derivative financial instruments (CFDs). But to do all this, you need to be well versed in the market (or be ready to dive into all the subtleties): study it, follow events, painstakingly and thoughtfully count and compare. In general, the broker does not control which financial instruments his client invests.. However, it must ensure that the securities that the client purchases are consistent with his level of investment and legal requirements.
Johannes Röll was born 1978 in Brilon,Germany. Graduated RWTH Aachen University. Over the past ten years he worked as Head of the plastic card team, where he was mainly responsible for the development of the distribution, Head of sales Department and Financial Analyst,where he got experience in planning and support sales figures for branches. For the present he works as freelancer