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Published On: Thu, Mar 17th, 2016

Wayne Wew on Stock Trade Schools and Signals. Are There Too Many?

Over the last two decades, the stock market has undergone a massive change as the Internet has expanded and connected the world. The once mysterious and private world of stock traders has become less elusive and more accessible, thus ushering in the age of non-professional stock traders.

Wanting to turn an investment into a fortune has driven many to become hobby or part-time stock traders. However, they usually lack the experience and knowledge of professional traders. In order to help passive traders gain confidence and market knowledge, many experts have written about their trade secrets and philosophies online.

A quick Google search of Trading Philosophies will result in pages and pages of strategists and financial experts touting their tried and true trading method as a proven strategy. A question though: how does one wade through all the various trading philosophies to find what is truly successful?

Adrian Reid, founder of Trading System Life, advises new traders look for strategies that are closely related to their goals and beliefs in order to develop an edge in the market.

photo/ См. ниже via wikimedia commons

photo/ См. ниже via wikimedia commons

Many stock trading strategies can make money, BUT, because of your own psychology, beliefs and preferences many of these may not work for you,” says Reid. “You must have a valid trading strategy to guide your decisions otherwise you will lose money in the stock market.”

There are many different strategies and philosophies out there geared toward different aspects of the financial markets. Trend trading, swing trading, trend following stocks, mean reversion, fundamental value trading, statistical methods, pattern trading and option trading strategies are just a few of the more popular strategies.

Despite the advice being so varied, one theme reigns supreme, learn as much about stock trading as you can.

The successful traders have discipline and a solid set of day trading rules, and they have enough capitalization so that fear does not rule their trading,” notes the online resource, Simple Trading Rules. “They know all about risk management, and follow excellent risk management procedures.”

The amount of advice out there can create a cacophonous environment, leaving novice traders more confused than confident.

Wayne Wew, an institutional investment specialist, recommends that traders relax and look to credible resources to glean as much relevant and actual information as they can about the stocks they are interested in.

We are lucky to live in a time when there are whole TV networks dedicated to informing and covering the markets. I advise new traders watch these and read financial publications in order to make informed and calculated decisions,” comments Wayne Wew.

Carefully watching the markets will allow a trader to see what the prevailing trends and strategies are, in addition to teaching them the vernacular associated with the stock market. While the advice greatly differs depending on who you ask, most experts are unanimous in their recommendation of adhering to a well thought-out trading strategy that works for you and your temperment.

Author: James Reynor

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  1. Global Stock Market Capitalization | Best Stock Market Place says:

    […] Wayne Wew on Stock Trade Schools and Signals. Are There Too Many? – Over the last two decades, the stock market has undergone a massive change as the Internet … have discipline and a solid set of day trading rules, and they have enough capitalization so that fear does not rule their … […]

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