$51 trillion. That’s how much the stock market’s value is estimated at, making it about four times the size of the U.S. economy. Its significance as a part of the American financial system cannot be downplayed. It has provided Americans with immense profit opportunities, enabling them to buy a new house, send their child to a top-tier university or retire early. These are dreams which each of us have but only a few know the best path for realizing them. And how else given the seemingly infinite number of investment instruments - stocks, bonds, all those exotic derivatives, mutual funds, hedge funds… Most people do not have the courage NOT to follow an analyst’s advice after watching CNBC or reading a free investment newsletter. They simply do not believe they could have a greater return by investing on their own and beating the average annual return of a mere 7.84% of the S&P 500 for the past 50 years. (Moneychimp) And in part, they are right. To be a successful trader, you need to be disciplined, to learn to disregard all the headlines and analysts’ comments, taking emotions out of the game. You need to adhere to your own rules under any circumstances. You need to decide what you trade, when you trade, how you enter a position and how you exit it, when you take profits and when you stop your losses.
|Penerbit/Pengarang||:||Belin Beyoglu | Martin Ivanov|
|Jumlah Halaman||:||81 Halaman|
|Ukuran File||:||1,17 MB|