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A typical beginner's mistake for new stock traders is not having enough capital for their trading account.So, you're thinking about trading indecisive stocks and wondering how much money you need to trade undecided stocks. If your goal is to make an 8% profit on a stock trade and the stock moves 1% a day, it will be eight days before you exit the trade. Because fluctuating trades require a higher loss limit than, for example, intraday stock trading, more capital is needed to keep the risk of the trade below 1% of your trading capital.
In addition, the lack of a minimum capital requirement means that you are the only thing preventing you from making fluctuating trades. If you really want to earn income with swing-trading stocks, start saving to allocate money to your trading account. In addition, small account traders may need to rely on specific strategies for their investments. If you want to be a consistently profitable trader, you need to understand what your advantage is and how the law of large numbers works.
Practice with a stock simulator until you regain your confidence and feel calm when you return to live stock trading. As a new trader, I would prefer that you make oscillating trades with 1000 dollars in a higher period of time to learn and earn slowly but steadily. Position trading: traders who seek to capture market trends and usually hold trades for weeks or months. If you're just starting out, you can start by trading with $1,000 in the highest foreign exchange market.
If you want to take a trend-following approach with a small account, then it would be wise to trade forex and CFDs. Stock exchanges identify intraday traders as those who place four or more trades a week and open and close a trade the same day.