List of What is Absolutely Necessary to Start Trading
by Frank Soler of SolerInvestments.com
Sticking with the New Year's/New Beginnings theme, I thought
a quick list of what is really required to start trading
It sounds simple, but WAY too many start off without the
essentials (or are missing some) or are confused on what
is needed. You can't trade without these
1) An open brokerage account -A no brainer, but hey, try
to trade without one
2) Trading Capital -The most overlooked or ignored of all
essentials. If you don't have enough money to trade, don't
trade!!! If you are using money that is needed
to pay for other things (food, housing, bills etc.), don't
3) Computer or other device you can use to place trades
4) Along with this you of course need Internet service
or a phone plan
You may be thinking "Gee, thanks for nothing Capt.
Yes, I know, this is the simplest and most obvious list
on what you need to trade, however, there's a huge lesson
This list is valuable if you realize that the things on
this list are the only true essentials, everything
else (trading software, quad-monitors, super trading
desk, etc, etc..) is not necessary.
Understanding what is not necessary may be more valuable
than what is.
Frank Soler is a successful trader and Registered Investment
Advisor. His company provides real-time Forex,
Futures, Options, and Stock Picks, an eye-opening Trading
Blog, and a free
online trading education center.