Who is trading online? A dramatic demographic shift has hit the world of trading. Let go of your stereotypes as we enlighten you to who is really trading these days.
Following the huge rally last week sparked by vaccine announcements, is it a good time to buy airline stocks? Well this weekend saw the highest number of travellers for eight months and this will only improve. The sky’s the limit.
Day trading has a reputation for being high-risk high-reward which can leave beginners in the gutter. Day trading requires skilled technical analysis, self-discipline and objectivity. This type of trading is highly profitable, but has a low success rate. The complexity and high risk of day trading is not for the faint of heart. Furthermore, critics say active trading strategies such as day trading do not perform as well as a passive strategy, on average. But don’t let this put you off learning about it!
To trade successfully you not only need the trading know how but to understand your own strengths and weaknesses when it comes to trading psychology. Acting rationally and containing your emotions is key to allow you to think quickly and clearly to make profitable trades. Trading psychology is different for each trader and based on personal reactions to risk and rewards and tendencies to be emotional.