Top 5 Tips For Novice Traders

Blog post 7-scale

Financial literacy is still at its infancy here in the Philippines. Many Filipinos have no idea about
investments such as online trading. This is where SmarTrade plays an important role in delivering
100% free learning sessions to help many Pinoys gain financial control and growth. 
 
One of the free learning opportunities offered by SmarTrade is online trading. With the pandemic
already on its second year, we have seen how everything has shifted online. 
 
Today is the perfect time to begin your online trading journey if you have been thinking about it. We
have rounded up some tips for you on where and how to start:
 
1.
1. Start with your “why” and align with your core values. For you to be successful
in anything, you always have to look at the core reasons why you want to do the
things you do. This is also applicable if you want to begin in online trading. Why do
you want to be a trader? Knowing your “why” and your core values will help
determine how you are as a trader, the kind of trading strategy you will implement
later on, and how it complements your lifestyle, too. 
2. Equip yourself with the knowledge and skills to succeed. The game of trading
requires hard work. We won’t sugarcoat this because it really takes time and effort to
master the rules of the game. And since there is money involved, it is best not to
leave things to chance. One has to dive deep on indicators, financial indices, market
updates, as well as managing risks and losses. 
3. Build resilience and emotional mastery. Trading comes with risk and it is
important to fully understand this so that you are well-equipped to execute your
trades and in case of losses, you have the resilience and emotional mastery to cope
with them and bounce back. 
4. Never stop learning. Cryptocurrencies, NFTs, forex – these are the buzzwords in
the world of trading. Yes, while there is still a big market for those who are more
conservative when it comes to their trading portfolio, one cannot escape
encountering these instruments that dominate the latest trades. If you want to always
be on the top of your game, you have to keep yourself abreast with these recent
trends in the industry and if it is something you can take advantage of. SmarTrade
offers free learning sessions and one-on-one coaching on these topics so you can try
them out when you join trading platforms like ATFX.
5. Partner with reputable trading platforms. With so many phishing sites nowadays
trying to lure people, you have to be careful to deal only with reputable trading
platforms so your resources are secure. A quick check on the Internet may give you
an indication of how long the company has existed in the industry, and at the same
time, how expansive its global reach. One of these trading platforms is ATFX whose
core mission is to make online trading accessible for its clients, while offering the
best experience a global brand has to offer.

If you want to be a serious trader, these are just some of the tips you can quickly implement. Should
you have any other questions, visit www.smartradeph.com and get free resources on developing
your financial acumen especially in trading. SmarTrade’s free learning sessions and online
resources are perfect for novice and advanced traders alike and without any hidden fees or charges,
you literally have nothing to lose.

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