When money is at stake, it's likely to get your nerves jangling.
Think about when you're about to put a trade on. All of a sudden your head is full of what ifs, second guessing your decision.
What if the market goes against you as soon as you enter a trade?
This fear is a natural reaction to risking money.
So how can you overcome your fears when trading?
Read on to find out…
... ››› more
"Timon, I keep closing trades before I should, how can I stop this from happening next time?"- E.
Anyone who tells you they've never cut a trade too early for a quick profit are either lying to you or they've been trading for a very short time.
After all You can never go broke taking a profit, or can you?
If you take too many small profits then the market will eventually eat up your entire... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.