In this post I wanna cover two things :
Know your product
You have to think about trading like any other buy and sell activity. Because it is what you are doing ... buy and sell. When you buy a new car, do you go blindly or do you do your own research ?
Same goes for the financial market. here are some of the things you need to know :
1. What product are you trading ? Cash ? CFD ? Futures ?
2. What is the product you are trading ?
----> in relation with this point, when you are trading indexes, you NEED TO KNOW WHAT IS BEHIND.
RULE OF THUMB FOR INDEXES : what are the 5 largest companies.
In case of the Dax :
1. SAP
2. LINDE
3. VW
4. Siemens
5. Allianz
What's next for Dax ?
I want to see if we can get a cheaper price or if we get a break out.
Like and comment
Know your product
You have to think about trading like any other buy and sell activity. Because it is what you are doing ... buy and sell. When you buy a new car, do you go blindly or do you do your own research ?
Same goes for the financial market. here are some of the things you need to know :
1. What product are you trading ? Cash ? CFD ? Futures ?
2. What is the product you are trading ?
----> in relation with this point, when you are trading indexes, you NEED TO KNOW WHAT IS BEHIND.
RULE OF THUMB FOR INDEXES : what are the 5 largest companies.
In case of the Dax :
1. SAP
2. LINDE
3. VW
4. Siemens
5. Allianz
What's next for Dax ?
I want to see if we can get a cheaper price or if we get a break out.
Like and comment