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Combine Learning with Pleasure for Trading in Stocks (Part 2)

16 November 2007 - Features - Editor

Combine Learning with Pleasure for Trading in Stocks (Part 1)

Types of Trading Shows in Stocks

Day trading involves some degree of exhibitionism, so you are likely to see an amazing spread of sectors in which traders buy and sell stocks, when friends involved in this activity knows you are watching! It can take months if not years before day trading in multiple sectors becomes reasonably safe, so like stock car racing on NASCAR, it makes sense to stick to speed limits when driving your own car, regardless of how much you may love track racing! Day trading is less likely to lead to tears provided that you start in slow and measured steps. Some people prefer to remain with one type of trading instrument throughout their trading lives. Foreign exchange is a favorite in this respect.

The type of day trading you wish to learn first has a bearing on which events you should plan to attend. Tagging along with an accomplished acquaintance can be a great way to make the right connections, especially while you are still a novice at doing profitable business through people you meet at trading shows. However, this apprenticeship need not last for long, and you can soon become an expert at spotting the right contacts at conventions.

Best Practices for Networking in Stocks Trading

Durable professional relationships for mutual benefit should be the over-riding objective of attending trading shows in stocks and other securities. The first step to achieve this is to present an accurate and truthful picture of your situation. What kind of money are you capable of investing? What are your objectives? Most of us are embarrassed to admit that we are not tycoons, or that we are novices. Misunderstandings can originate because we present exaggerated or even blatantly misleading facades.

Smooth-taking sales people, who make unbelievable claims, are relatively easier to spot and to avoid! However, it is not always a matter of love at first sight when it comes to making new contacts at business events! It is better to make small moves and to follow through on them after returning home.

 


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