You've probably heard of Robinhood if you've been thinking about investing. Robinhood is one of the most popular zero-commission stock brokers available and is available on Apple and Android devices as well as on desktop. More some investors, Robinhood is a great broker, but for more experienced traders, it may not be. Here are some pro's and cons to give you an idea if Robinhood is for you: Pros: $0 Commissions: No Fees $0 Account Minimum: Most brokers have minimums of a few hundred or thousand dollars. Mobile App : Much better-looking than most brokers' mobile app Stocks, Options, and even Cryptocurrencies available Beginner Friendly : Very easy to use and the zero-fee system allows you to trade small. Cons: Customer Support : Email only. They don't have a phone call option Charts are Very Basic : Not a huge problem since you can use other charting platforms and use Robinhood for your orders. *Not Friendly for Highly-Active Traders
There are a lot of Beginner Stock Trading tips out there that may help or may not, but in the end, the best thing you can do to become a better trader is to simply immerse yourself in it. This may not be the tip you were hoping to get, but it is the one you need. Many people want a get-rich-quick scheme but to become a successful trader, you have to get that out of your head and really be willing to put in the time and hard work required. You Must Build Intuition If you ask successful traders how they know a stock was about to move a certain way, they may give you certain hard metrics like price movement or volume, but many will agree that most of it boils down to "having a feel for the market" . What does this mean? Well, it certainly doesn't have to do with how "smart" someone is or what their IQ is. It simply is the intuition built over time from watching the markets over and over again. Just like listening to a song over and over again; the firs
When you break down the stock market to its fundamental level, it really is just buyers and sellers pushing the stock up and down, respectively. There are moment when the buyers overwhelm the seller and the price spikes higher. And there are moments when sellers overwhelm the buyers and the price drops significantly. Wouldn't it be great if you knew when and where these events are going to happen? This is where Trading Psychology comes in! Technical Analysis Technical analysis works because people believe it works. Its a bit of a paradox but it absolutely makes sense! If you think about it, when a stock reaches a support level and people think it will bounce up from that level, naturally, buyers will come in and drive the price up. You can see this happening in the green circle in the photo on the right. Once it breaks that support level and trades lower, traders now see that support level as resistance and sell at the level, pushing the price down, as you can see happ
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