There’s no doubt that the world of trading stocks is a male-dominated one. It’s not geared for women who, for many men in the trading world, belong at home and not in the finance markets! Well let’s put that to rest!
Women can be great traders – indeed there are some top traders in the field who are women, and who are a great inspiration for others – and if you want to trade for fun, to make a bit of extra money, that’s what we’re going to help you with here.
We’ve got some great tips that will show you how you can learn to trade easily, and have fun while you’re doing it, so come on girls, let’s get into it and see what it’s all about.
Start with ‘Play Money’
So, here’s the low-down; if you’re going to get into trading, you need to know how it works, how to buy, sell, and what all the terminology means. There are loads of trading platforms out there – search for the recognised ones to be sure – and most of them will offer you the opportunity to trade with ‘play money’. This is the real thing, designed to teach you how to trade without losing anything, and it’s absolutely essential you spend time on one of these. How long? That’s up to you, so let’s say until you feel comfortable!
Listen to the Experts
People who have made money trading often want to show you how to do it, too. Look for the big names such as Warren Buffet and John Templeton; there are plenty of resources online where they – and others – will give you great, real information on their strategies and methods. You learn from experienced persons in other fields, so do the same with trading!
Read Books and Blogs
There is an entire library’s worth of books on trading, and many blogs by people who are involved in the field on a daily basis. Read them, keep up with the blogs, take in the information and comment on their content. You may find you get valuable information from them and from other experienced traders.
Follow the Market
If you really want to get serious – or even if it’s just for fun – you need to seriously have a look at the stock market, how it works, and what trends are visible. You can also take advantage of the services of a trading mentor – there are many offering such services for surprisingly small fees – who will tutor you and advise you on the ins and outs of the market. It’s another source of experience and knowledge you can’t miss out on.
And finally, don’t go overboard in the first instance. Start trading small and see how it goes, get used to the system and the routines, and work with an amount that you can afford to lose. After all, stocks and shares go up and down, so don’t plunge in with all your life’s savings in one go.
Get to it girls, show the guys you can do it – and you can!