Entering the stock market can be daunting and new traders are often advised to have a trading plan. An oft-repeated saying is that ninety percent of all stock traders fail and the remaining ten percent all have trading plans. It’s not exactly provable but this should show you how highly regarded trading plans are. A good trading plan can help you through the rough spots when you’re trading on the stock market and this means you should try your best to formulate a good one and to stick to it consistently.

So how do we formulate this almighty trading plan then? Well, you should start by assessing yourself. This is simple because a trading plan is more than just any vague idea of how you should behave in the market – it’s pretty much a program of how you will behave in the market. There’s a very thin difference (more…)

When you first get into investing, you have to have a clear idea of what it
is you want to accomplish. Most people have long term financial goals like
saving for retirement or saving for a second home or maybe to put the kids
through college. You also have a time frame. You have 20 years to make this
money, or if you get into investing at a younger age, you could have 40 or
50 years to spend investing before your goal comes due. These are all
vitally important questions that you need to have answered before you start
investing. They will tell you what sort of fund to select for your
portfolio. Here are a few general tips for selecting a fund that’s right
for you.

If your goal is to (more…)