Trading Mindset Set Right at the start

Setting targets at the beginning with foresight is an important factor which will determine your investment in the long term.

But how do you wisely pick the right share as well as when to enter to the market is the key. With all said of the above. One should be focus & pick the share that he/she likes to hold for a long term & not due to impulse or other influences that affect your decision.

Next study the market trending in the sector & of course to read up the news & follow closely on what is up & coming & not forgetting to read & study the chart.

For beginners, you can look up for tutorials on the Web or even YouTube to get yourself some knowledge of the chart & trading pattern & you can use Moo Moo paper trading platform as a beginner tool to put your understanding & have a feel of how trading will be like. Of course the value given in paper trading is of a million. I will say if you already know how much spare cash you have in mind or in your bank that you wish to put to invest. Use the similar value & put it to the paper trading. That will more or less let you have a feel of how it is like. Remember what I said earlier, is spare cash, meaning if anything happen in the event of share price dropping, you won't be affected by the threat that your beginner fear will strike you & shake you off the boat & lead to loss selling because if your fear.

So let your spare cash do its work & share prices are just like commodities, they goes up & come down at different interval of the year & also alongside with eventful chapters that may cause sudden dipping or sudden spike, eg. severe shortages of components that lead to certain tech or semiconductor share prices to dip or new launch products that are in demand & ahead of the market which cause the prices to spike.

Thus the use of spare cash here won't rock you even let say the share drop more than 20% of your initial buy price which to some they may feel that they are in fear of it sliding.

Also investing on shares that have been in the market for a longer period of time rather than penny share as you will have a better understanding on the volatility of the shares climbing up & down the trading chart & it is much lively to watch on.

Patience is very important here & correct mindset of staying calm & having the foresight & definitely be hardworking to read up the news on the shares you have pick & let your spare cash grows on your investment.

This has been what I believe in trading Mindset that I had set for myself in view of my job as a purchaser on technology products of the growing IT market to good use & important points is all listed on the above that works very well for me & Moo Moo platform is really one of the great tool here that can help you grow your wealth & remember beginners out there do try out the paper trading portion to get yourself a feel & understand how trading works.

Thanks.