“The sky is the limit” a famous quote that is true for traders as the world of trading has ample opportunities. Therefore, different trading styles can be applied to generate an extra income besides earning regularly. But it is equally important that we chose a trading style that meets our needs and preferences. It is said that selection depends on psychology also.
If you want to earn fixed returns, then options trading is a better choice instead of swing trading.
The choice of trading style depends on own psychology. Well, here is a list of a few trading styles:
Intraday trading: this is the most popular and practiced by the traders in the stock market. In this, the positions are squared off before the market closes. It is quite a risky trading as being a trader you can both earn and lose quickly. It is suitable for those who hardly … Read the rest
When you open a new account with a conventional financial institution such as a bank, credit union or online brokerage company, you have open a brokerage account. However, a brokerage account differs from a savings account in many ways. One of the biggest differences between a brokerage account and a savings account are minimum balances. A brokerage account requires that you maintain a minimum balance. In comparison, traditional savings account does not require a minimum balance. Some banks and credit unions have no minimum balance requirement, while other financial institutions have very high minimum balances.
Another big difference between brokerage accounts and savings accounts is the types of transactions and minimum balance requirements associated with them. For example, some brokerage firms offer restricted sales opportunities or securities investments that are only available to account holders who have a particular type of account. The majority of brokerage firms offer a … Read the rest