The stock market can be one of the most lucrative investment vehicles, but also one of the riskiest. While some investors take a cautious approach, others embrace high volatility, risking considerable wealth in the process. As mystifying as it may seem, successful stock market trading is a skill that can be learned and optimized over time.
Photo by Agung Pandit Wiguna on Pexels
This blog post aims to provide tips and strategies for mastering stock market trading by leveraging TradingView, a powerful technical analysis tool. Whether you’re a beginner, an experienced trader, or an analyst, this guide will provide you with a starting point to enhance your stock market trading skills.
1 Importance of Stock Market Trading
Stock market trading is a vital part of the economy. The stock market helps connect investors (including retail and institutional investors) with businesses in need of capital. It makes a difference in the world by allowing businesses to grow and creating new jobs. At the same time, it provides investors with the opportunity to achieve a return on their investment.
In short, stock market trading makes it possible for people to own part of the companies they admire and help shape the world.
2 Types of Stock Market Trading
There are two primary types of stock market trading:
- Trading for income:
Stock market trading for income refers to how to stock market trading with the goal of making money from investments by buying and selling stocks. Trading for income is typically a short-term strategy that involves buying and selling stocks frequently within a day or a few days.
- Trading for growth:
Trading for growth involves investing in stocks with the goal of holding them over the long term, allowing value to grow over time. Trading for growth typically involves holding stocks for months or years, rather than days.