Wallstreet Cheat sheet
The first thing you need to get started with day trading is to study the internet for useful resources to make your Trading plan. Studying the herd and market movement is a very useful way to invest your time, in order to become successful.
How to use the Wallstreet Cheatsheet?
The Wall Street Cheatsheet explains the psychology of a market cycle. We see this same pattern over and over and over again. It is a very useful tool when you are trading Forex, Bitcoin, Nikkei, Dow Jones, Nasdaq, Stocks, Penny stocks, Oil, Gold, Bitcoin, Altcoins, etc. It doesn't matter which market you do, most trends follow the cycles according to the market cycles in this cheat sheet.
This means all cycles will come up, and go back down. Make a trading plan. This is the way to think when you are investing and plan your exit strategy.
5 mistakes for beginning traders:
- Don't make a trading plan with feasible goals and exit strategy
- Start using your own trading directly with real money
- Not necessarily blunt follow a successful trader, that is not the easiest way
- Don't invest all your money at once in the beginning
- Study the market and stock
Download this Wallstreet Cheatsheet PowerPoint slide here for your reference.
More information: http://wallstreetcheatsheet.com.
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Zada Martinez - DEU
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Analisa Conway - GBR
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Tyson Chambers - USA
Kina Schroeder - NZL
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