Just as in any other profession, hobby, or task that has to be repeated routinely over time, an investor must have a series of customs or st...
Just as in any other profession, hobby, or task that has to be repeated routinely over time, an investor must have a series of customs or steps that he must always undertake when depositing his savings in one product or another.When we talk about high-volatility products such as options and futures, the foreign exchange market, or cryptocurrencies, it is essential to establish a series of standards aimed at minimizing risks. Let's remember one of the financial maxims: the more information, the lower the possibility of loss.
In this sense, technology such as the one offered by Hispamarkets provides us with the necessary information, almost instantly, for decision-making: any saver must have the habit of periodically visiting specialized investment and economic forums, sector magazines as well as salmon-colored newspapers. Not only to be aware of the headlines -which as a rule the market has already discounted before they reach the general public-, but also to anticipate trends or changes in the sign of evolution.
Take care of your positions, they are your savings!
Over time, an investor seasoned in reading financial information will become an expert in the detection and treatment of insights, that is, the signs that allow him to be faster than other savers and be able to take advantage of market variations.
There are multiple examples over time: news about a gas company's interest in entering renewables will immediately cause the value of companies in this sector to rise. Or that a telco has an interest in a specific software developer.
If we are able to intuit such news before it is made explicit in the press, we will be earning much more money than the rest.
In addition to this reading, which we recommend daily in the case of investors who are going to engage in intraday stock trading, you must take advantage of the different tools that financial services platforms make available to their users: If you are going to operate in the market of currencies, one of the ones that moves the most money throughout the planet and that is active 24 hours a day, it is mandatory to use calculators: tools that, depending on the currency pairs that are chosen, even allow us to calculate the profitability of an operation or the maximum expected loss.
When trading on the stock market we also have stop-loss orders. These instructions, which are available to any stock exchange platform, make it possible to establish a starting price for any share in the event of a continuous fall or sudden fall. If for any reason we were clueless, these orders will allow us to minimize losses, making us get out of the value and avoiding further falls.
If an investor gets into the habit of taking advantage of these routines and the tools at his disposal, he will be doing a little more of his part to achieve the desired returns.
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