What will you trade
World markets attract speculative capital like moths to a flame; most people throw money at securities without understanding why prices move higher or lower. Instead, they chase hot tips, make binary bets, and sit at the feet of gurus, letting them make buy-and-sell decisions that make no sense. A better path is to learn how to trade the markets with skill and authority. Start with a self-examination that takes a close look at your relationship with money.
Do you view life as a struggle, with a hard effort required to earn each dollar? Do you believe personal magnetism will attract market wealth to you in the same way it does in other life pursuits?
More ominously, have you lost money on a regular basis through other activities and hope the financial markets will treat you more kindly?
Whatever your belief system, the market is likely to reinforce that internal view again through profits and losses. Hard work and charisma both support financial success, but losers in other walks of life are likely to turn into losers in the trading game. Don't panic if this sounds like you. Instead, take the self-help route and learn about the relationship between money and self-worth. Once you get your head on straight, you can embark on learning trading and start with these five basic steps.
Sorry if it seems we're stating the obvious, but you never know! Remember the person who did everything to set up his new computer—except to plug it in? Find a good online stock broker and open a stock brokerage account. Even if you already have a personal account, it's not a bad idea to keep a professional trading account separate.
Become familiar with the account interface and take advantage of the free trading tools and research offered exclusively to clients. A number of brokers offer virtual trading. Some sites, including Investopedia, also offer online broker reviews to help you find the right broker.
Financial articles, stock market books, website tutorials, etc. There's a wealth of information out there and much of it inexpensive to tap. It's important not to focus too narrowly on one single aspect of the trading game. Instead, study everything market-wise, including ideas and concepts you don't feel are particularly relevant at this time. Trading launches a journey that often winds up at a destination not anticipated at the starting line. Here are five must-read books for every new trader:.
Start to follow the market every day in your spare time. Get up early and read about overnight price action on foreign markets. For more sophisticated coverage, you need to look no further than The Wall Street Journal and Bloomberg.
Study the basics of technical analysis and look at price charts—thousands of them—in all time frames. You may think fundamental analysis offers a better path to profits because it tracks growth curves and revenue streams, but traders live and die by price action that diverges sharply from underlying fundamentals.
Do not stop reading company spreadsheets because they offer a trading edge over those who ignore them. Your experience with charts and technical analysis now brings you into the magical realm of price prediction. Theoretically, securities can only go higher or lower, encouraging a long-side trade or a short sale.
In reality, prices can do many other things, including chopping sideways for weeks at a time or whipsawing violently in both directions, shaking out buyers and sellers. The time horizon becomes extremely important at this juncture. Financial markets grind out trends and trading ranges with fractal properties that generate independent price movements at short-term, intermediate-term, and long-term intervals. This means a security or index can carve out a long-term uptrend, intermediate downtrend, and a short-term trading range, all at the same time.
Rather than complicate prediction, most trading opportunities will unfold through interactions between these time intervals. Buying the dip offers a classic example, with traders jumping into a strong uptrend when it sells off in a lower period. The best way to examine this three-dimensional playing field is to look at each security in three time frames, starting with minute, daily and weekly charts.
Open new account. More trading hours, more potential market opportunities With news breaking overnight, today's highly connected world requires a way to react right when market moving events happen. Trade on your schedule, not the market's Regular market hours overlap with your busiest hours of the day. Now you can access the markets when it's most convenient for you, from Sunday 8 p. ET to Friday 8 p.
These securities were selected to provide access to a wide range of sectors. We are continuing to add additional securities to the list over time to provide broad market opportunities for access to global markets.
ET every day. For example, an EXTO order placed at 2 a. ET Monday morning would be active immediately and remain active from then until 8 p. ET Monday night. A trade placed at 9 p. ET Monday night would be active immediately and remain active until 8 p. ET Tuesday night. Trading after normal market hours comes with unique and additional risks, such as lower liquidity and higher price volatility.
It depends on the device, model, manufacturer, and condition. Keep in mind that we need to receive your device within 14 days of initiating the trade-in, and the condition needs to match what you told us. You can either accept or reject it.
Apple Trade In lets you recycle any Apple device including devices from Apple-owned brands at any Apple Store and on apple. That includes your batteries and old electronic products as well as free, on-demand packaging recycling for our commercial, education, and institutional customers.
When we receive your device, it will be thoroughly inspected to determine if components can be recycled or reused.
Whether recycled or reused, all activities relating to the processing of your device will be managed in an environmentally responsible way. You can trade in Apple and third-party devices. Many Apple and third-party devices are eligible for a trade-in credit or an Apple Gift Card. And all Apple devices are eligible for recycling. Either way, give us your used devices and we will handle them responsibly. If you are not already participating in the iPhone Upgrade Program, you can trade in your eligible device at an Apple Store for credit toward your subsequent purchase as part of the iPhone Upgrade Program.
If you are currently a member of the iPhone Upgrade Program and wish to remain in the program, please do not proceed with Apple Trade In. If you do continue with Apple Trade In, you will be responsible for both your outstanding iPhone Upgrade Program loan and the purchase price of any new iPhone you purchase through Apple Trade In. If your trade-in will be applied as a credit toward an online purchase, you can track it from your Apple Store account. If you receive a revised trade-in value after the inspection of your device which is lower than your originally quoted value, you can then choose to reject it.
No, you do not need to include accessories. If you choose to include any, we will recycle them for you. Follow the instructions included in your trade-in kit. It explains how to prepare, pack, and ship your device. Keep in mind that the estimated trade-in value is valid for 14 days, and we encourage you to send the device to us within this time frame to ensure that you get this value.
Devices that contain batteries should be packed in compliance with all applicable laws, regulations, and industry best practices, which typically include the guidelines below:. To find your serial number, follow this guide Opens in a new window. This will ensure that all of your personal information is completely removed from your device before you trade it in or recycle it.
To turn off via iCloud if you do not have your physical device , follow this guide Opens in a new window. You will, however, be able to continue your transaction and pay in full for the remaining amount due.
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