What does Rodger say?

Still winning more than I am losing.

Rodger247's trading portfolio on eToro.com Rodger Doust: To win in this game, you have to control the loses. I have been trading part time since 2013, in the last 3 years have converted to a full-time trader. While I was trading part time, my monthly average was not consistent. Over the last few years I have been working to a plan to be more...

Small wins add up to big gains in the end. For those friends that are interested in trading, follow me and start learning what you need to do to trade on line.

Rodger247's trading portfolio on eToro.com Rodger Doust: To win in this game, you have to control the loses. I have been trading part time since 2013, in the last 3 years have converted to a full-time trader. While I was trading part time, my monthly average was not consistent. Over the last few years I have been working to a plan to be more...

Hi,

So you have shown some interest in investing.

I have to give you a few warnings about possible drawbacks when starting investing.

When the topic of investing comes up so does cryptocurrency and the hyped that goes along with it. Hearing about how people with very little effort make so much money on Bitcoin and other cryptocurrencies.

If you are new to investing, here is a very basic principle to apply to investing in cryptocurrency. “Stay away from it” and once you understand how it all works, still apply this principle. People have lost a lot of money in the hype. I have to admit some have made a lot as well but I feel it’s far too risky because it is volatile and makes big moves very quick then sits for a long time before another move.
The next thing you have to watch out for is the secret automatic programs. These will come in all forms and sizes and cost you hard-earned money to use. These programs promise big profits without much involvement from your side. Most of the time you would get the same results if you flipped a coin to decide if you were going to make an investment or not.
If these programs are so good, why don’t the people selling them just use the program to make money and give the program away?

Last but not least is the broker that will do all the hard work for you. You will soon find out that you pay this broker no matter if you win or lose in the trades they have made on your behalf. Very quickly your money disappears into their pockets and you have nothing but a request for more money from the broker.

It’s not all doom and gloom. For a start, stay away from the hype and learn how to invest and do it slowly.
I am going to start explaining the tools you are going to need when investing. One of these tools is a candlestick so next, I will be talking about candlesticks

If you ready for the next episode on investing, I will put it out as soon as I have 10 likes.