Why the newbies tend to gravitate toward short term trading
When I began to take an interest in trading, what excited me about it was endless options of what there is to trade and the ways in which it can be done. Originally, I thought that the only thing which could be traded was stocks and that it would require large amounts of money to trade and that one would have to have ownership of the stock to do so. Then I began learning about CFDs and the power of leverage and how it would allow one with only a small amount of capital to buy and sell all sorts of exotic instruments without even actually owning it. The financial markets are a lot like a casino; large sums of money can be made very quickly for those willing to take the risk. Continue reading “Short term trading – A perilous path”