Welcome to the 7 Step Guide to Successful Trading

8 Lessons

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This guide will help you develop that process so that you can make good decisions at each step.

Lessons

Course Lessons

  • Step 1: Start at the Top of the Markets

    Step 1: Start at the Top of the Markets

    10 Minute Read + Quiz

    The first step is to conduct market analysis. This means that you need to survey the overall financial markets to get a read on what’s happening on the technical charts, in the news, and around the world. This is a top-down approach to the markets. The ultimate goal here is to develop an opinion – also called market posture – on where you believe the charts are pointing. Remember, any market can move up, down, or sideways, and depending on your overall opinion, you’ll choose to use certain
    strategies or techniques.

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  • Step 2: Choose a Trading Strategy

    Step 2: Choose a Trading Strategy

    9 Minute Read + Quiz

    The second step in Tackle Trading’s Guide to Investing is to choose a strategy. Investors have strategies. These can vary considerably in terms of scope, aversion to risk, and management style. It’s very important that before you pull the trigger and enter a trade or Investment that you need to identify which strategy is best based on the market conditions, your analysis, your portfolio, and your personality.

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  • Step 3: Find and Analyze Potential Trades

    Step 3: Find and Analyze Potential Trades

    10 Minute Read + Quiz

    Once you choose a strategy that fits your investment objectives, you’ll need to find and analyze potential candidates to invest or trade with. So how do investors find opportunities? There are several methods that are tried and true.

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  • Step 4: Plan the Trade

    Step 4: Plan the Trade

    9 Minute Read + Quiz

    Good investors have a plan. They know what they’ll do – or to a high degree of certainty, what they’ll do – even before it happens. Planning is crucial for success in all areas of life, but it’s particularly important when dealing with investments.

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  • Step 5: Place the Trade

    Step 5: Place the Trade

    20 Minute Read + Quiz

    Once you’ve gone through steps one through four of your process, then it’s time to place the investment in your account. There are several things that need to be in place for you to be able to do this, however. First, you need to have an account with capital in it to invest.

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  • Step 6: Manage the Trade

    Step 6: Manage the Trade

    11 Minute Read + Quiz

    In the morning, you wake up, get ready for the day, get in your car for your morning commute, and you turn the engine on. Now you have to drive. The driving is the most important part. When investing, you follow your processes, you enter the investment, and now you have to manage.

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  • Step 7: Journal the Trade

    Step 7: Journal the Trade

    7 Minute Read + Quiz

    The last step, once you’ve exited your investment, is to log it into a journal and keep a record of how each investment has performed.

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  • 7-Step Summary & Review

    7-Step Summary & Review

    1 Minute Read

    Congratulations, now that you’ve completed your initial training on the 7 Steps to Successful Trading & Investing, take a moment to review this summary of the entire process from start to finish. Watching this video will help you to commit all 7 steps to memory so that it is easier to recall them all in the right order now like a real pro

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