Читать книгу Essential Option Strategies - J. J. Kinahan - Страница 16

The first step in the process is to establish longer-term goals and objectives. Develop a trading plan that considers how much time you have available to trade, your risk tolerance, and the types of investments that might best help you to achieve your longer-term goals. Find a broker who offers the research and tools that meet your objectives. Identify potential trading ideas and test them on paper. Once new positions are opened, monitor, adjust, and exit them accordingly.

There has never been a better time to take a proactive approach to investing. Technology has resulted in better efficiency in financial markets and has substantially reduced trading costs. Research, data, and charts are readily available at little or no cost. Confidence in your plan, strategy selection, and risk management are important elements to long-term success. A virtual trading platform can help by offering a realistic tool to practice trading before going live.