As times change, the markets change together with it as well. This is due to the forces that shape human behavior have changed and influences how people interact in the markets. From fundamental analysis to technical analysis, to leveraged trading such as contra trading, to computerised trading such as quant trading. With so many trading strategies and techniques in play, the question now is: Which is the one that is most profitable?
While most people are pre-occupied with just profits, it is far more important to know which trading style is suitable for your personality and risk tolerance. If you are comfortable using a strategy and are disciplined enough to stick to it, trading success will also follow.
Hence, the first step is to find your winning strategy. Getting to know all the various strategies, their advantages and risks. It is important to obtain and read as much resources as possible to widen the possible trading or investing tools that you can use to enhance your trading style. It can be through books, online resources, seminars or even through back-testing of your own formulated strategy. It could also be the case where not just 1 strategy is suitable, but rather a hybrid of 2 or more. Personally, I use fundamental analysis to identify potential investment options with viable target prices while using technical analysis to better time my entry and exit points.
Exclusively for our readers, we are glad to broadcast that ShareInvestors will be having a seminar by Ronald K, who is a self-made millionaire in the Stock Market. He will be introducing the Contra Squeezing strategies and trading using tick charts. Tick charts are just another way of presenting trading prices in charts, similar to line and candle charts. This is up to the preference of the traders using it as different charting styles present and focus on data differently. Ronald will also be introducing a risk management plan that is specifically for the Contra Trades.
Remember: Wealth is not about the money, it is about the options that it gives. Having more options to earn money will then generate more wealth.