These days, you’ll find thousands of articles online telling you just how easy it is to start trading. Technology has changed the game, opening the doors to millions of new investors. You don’t need any financial expertise or experience, nor do you have to quit your dayjob.

ALSO READ: Projections for the USDZAR Currency Pair

The truth is that it is really easy to start investing these days. AI truly has made the difference projected by experts not so long ago. I personally know a number of beginners – teachers, artists, secretaries – who have made good money investing.

However, you do need to be careful in how you go about getting started. Jumping in headfirst is rarely a good idea. Consider the following 3 decisions you need to make before you start trading.

Trading Strategies

*** SPECIAL ALERT -- May 10, 2020 -- Motley Fool Stock Picks On FIRE! ****

The recent Motley Fool stocks picks, even with this COVID crisis, are STILL performing well and beating the SP500! Here are some of their most recent picks and their performance:
  • Shopify (SHOP) – April 2, 2020 pick and it is already up 90%
  • Zoom Video (ZM) – March 19, 2020 pick and it is already up 16%
  • DexCom (DXCM) picked Feb 20, 2020 right before the market crashed and it is still up 17%
  • Tesla (TSLA) picked January 2, 2020 before the crash and it is up 77% compared to the SP500 -12% so it is ahead of the market by 89%
  • HubSpot (HUBS) picked December 5, 2019 and it is up 4%
  • Netflix (NFLX) picked November 21, 2019 and it is up 37%
  • Trade Desk (TTD) picked November 11, 2019 and up 50%
  • Zoom Video originally picked Oct 3 and it is up 87%
  • SolarEdge (SEDG) picked September 19, 2019 and it is up 20%
  • Zoom was also picked October 3, 2019 and it is up 95% since then.
The average stock they've recommended is up a life-changing 346% - more than 4X the return of the S&P 500 ! Now, no one can guarantee that every pick in Stock Advisor will have the same mind-blowing returns as Netflix and Disney. But you sure don't want to risk missing out.

Normally the Fool service is priced at $199 per year but they are currently offering it for just $99/year if you click this link

Hurry! Order now so you will get their next stock pick! Here is the expected schedule of release dates for their stock picks...:

  • June 4 - Tom's New Recommendation
  • June 11 - Tom's New Best Buys Now
  • June 18 - David's New Recommendation
  • June 25 - David New Best Buys Now

CLICK HERE to get The Motley Fool's Stock Picks for just $99 per Year! 

There are different types of traders, who use a range of strategies to make their money. They have carefully chosen their investing strategies, but they are really just finding what is right for them. Because when it comes down to it, everyone’s personality is suited to particular strategies and not to others.

For example, the most basic choice you’re going to need to make is whether to be a “buy and hold” trader or an “active” trader. In other words, are you playing a long game or would you rather be making trades every day? Some people are suited to making money with quick decisions about a range of investments, while others don’t have the time or personality to do so.

Figure out what kind of trader you are before getting started. This can save you a lot of emotional pressure as well as money.


Chances are, the reason you are getting into trading is that technology has made it so much easier. Unless you have a background in economics, you’re probably not much of an expert. Nor do you need to be. Technology really will do most of the legwork.

However, you need to decide what you’re comfortable with. How much control do you need to have? Will you let AI make the decisions for you? And do you even want to know the gritty details?

Again, this comes down to personality. Someone who is slightly technophobic will take a very different approach to someone who lives for every new AI innovation.

Risk Aversion

Finally, one of the most significant factors in every trader’s life is their aversion to risk. Everyone is somewhat risk averse, but some are far more so than others. There are people who are willing to risk losing all their capital for the chance to make big money. Others are willing to risk their money only on investments that are almost guaranteed to succeed.

If you are very risk averse, you are going to need to decide how far you can push yourself. By all means choose safe investments, but see if you can move a little bit outside of your comfort zone.

On the other hand, if you are a big risk taker, you need to work on figuring out just how healthy that is. Are you taking risks because you are confident in the evidence before you? Or do you get a thrill out of it? Trading should never be equivalent to gambling.

Getting into trading is very easy these days, but that doesn’t mean you shouldn’t consider your options before getting started. Think carefully about the above decisions before you take that all-important step.


Get Up To $1,000 in Free Stock with Robinhood--the Commission-Free Brokerage!

Open a new account and receive one free stock valued at up to $500! Then, once your account is open, get more free stocks (value from $5 to $500) for each friend, family, person you refer! USE THIS LINK to get started with Robinhood!
Previous articleProjections for the USDZAR Currency Pair
Next articleAffiliate Marketing as an Investment Strategy