Pushing To Business Success

People who have followed up the Cambodian stock market might be interested to hear about the update of the process. Well, it caught my attention to read today article on ” Cambodia is working to launch stock market as planned in 2009 ” in DAP-News Cambodia.

Cambodian officials said that there are many companies would like to trade on the stock market but they have not been allowed since the drafts on the regulations and conditions have not been issued. The officials also claimed Cambodia is working very hard to launch the stock market by 2009 as planned though there are a few months left. Cambodian government is planning to open the financial zoon especially in CamKo city such as Securities and Exchange Commission of Cambodia (SECC) and stock market itself.

Here are some reasons:

1. Not much money are needed.

2. It takes short time to trade and you will see the result in minutes (much faster than building flat to sell).

3. It is a fast cash and can be quickly liquidated (can convert to cash easily unlike selling property).

4. Others…(Please help fill in). I know there are some more.)

Anyway, you need to understand the basic of trading clearly and some tips to do this kind of trading. At least know how to check what you buy, otherwise you will waste your time and loose your money.

Bellow are 10 great ways to learn how to trade a stock as new investor:

1. Open an account with a top online stock broker and use their free tools.

2. Read books on stock market education.

3. Join a online stock community.

4. Go to Seminars.

5. Find a stock mentor.

6. Read Yahoo Finance.

7. Read Investors Business Daily.

8. Watch CNBC during the day.

9. Watch Mad Money and Fast Money.

10. Subscribe to Stock Trading To Go and read it daily.

More detailed is in Stock Trading To Go. Make sense or not, consider yourself.

PS: I am not trying to encourage anyone to trade in stock. Just a matter of stock inquiries for those who are interested :-) .
Good luck with your trading!

Back in the 1980s, if you were going to go on a diet, popular magazines would suggest that you “think thin.” The magazine articles were reluctant to explain what that meant, but people were aware that they were supposed to do it. Adopt the psychology of the thin, whatever that was supposed to be. It follows that, if you want to make money, you would be able to accomplish that by adopting the psychology of the rich, right? As a matter of fact, this is true. In particular, you should internalize the mindset of the accomplished property investor.

Successful property investors are opportunists. They always have their antennae up and ready. They place themselves in the way of information. They “live the life” of the property investor, so to speak. Because of all this, they notice things that others do not.

Ken McElroy, author of The ABCs of Real Estate Investing, part of the Rich Dad book series, says it is all about seeing patterns. If you check out enough properties, study enough areas, talk to enough people, McElroy said, you will start to see these patterns. Then certain things will start to happen. You may start to feel luckier. And, McElroy says, it may be luck, however it is a sort of luck that comes from being prepared.

Don't forget: fortune favors the prepared mind. Opportunity is all around us, but if we don't stay alert, it will be as though it doesn't exist. The alert mind recognizes opportunity.

Ken McElroy stresses over and over again that being successful in real estate is a process. It isn't just something that occurs instantaneously. It's something that you do each and every day. Eventually things begin to happen for you.

A successful property investor focuses on doing a little at a time, on learning this or that thing, or closing this particular deal. It's a “walk before you can crawl” process.

For instance, McElroy says that if you've found a potentially profitable deal, you will be able to get funding for it as others will inevitably want their own share of the eventual profits. This isn't necessarily about skillful negotiation, McElroy said. Of course, those skills can net you an even more advantageous deal on occasion, however you don't need to worry about whether or not you can hold your own when negotiating. Focus on searching for good deals.

Though investors are always considering risk, always aware of it, successful investors aren't scared away by it. They decide whether or not the risk seems reasonable. If the numbers work out correctly, says McElroy, it is a good deal. If it is a good deal, the savvy property investor goes ahead with it.

Easy.

Those who don't understand how to accurately evaluate risk may think that everything is too risky. They make the assumption, for instance, that a larger deal may be too risky for a novice to deal with. They assume that because they think the investor is sinking a lot of personal cash into the deal when, in reality, a larger deal stands to generate greater profit for the participants. For this reason, you may be able to get backing for a deal like that. In the end, not have to put up as much of your own money as you would have on a smaller transaction.

Real estate investment is similar to anything else you might want to learn. Well, for one thing, you first have to learn the ropes. And you learn by doing it. Get out there and examine properties. Visit cities as though you had the intention to make a purchase. Log on to the Internet and read about areas. See what others have to say regarding the real estate climate a particular area. Get to know people. Before long, you will know enough to start considering making a deal. You don't have to have a pile of cash at your disposal prior to entering the game. All you have to do is get out there and enjoy yourself. Everything else will come.

Trading can be a very active lifestyle. Whereas day traders spend hours every day in front of a computer monitor scalping small movements in price, the active trader does have a “rich” lifestyle both in money and time.

Lifestyle Depends Upon Trading Style

Professional traders usually make their income from scalping short tick charts, day trading from open to close, or swing trading over a matter of days or weeks. The trading style differs with the lifestyle. Scalpers can profit heavily in just a few hours to have the rest of the day to relax and read up on the markets. Day traders benefit from taking positions when they want through the course of the week, often taking full days off at a time. A swing trader has the luxury of placing few trades every few weeks, allowing for plenty of down time.

Improving Your Trading Skills During Your Down Time

Many traders use their down time to participate in trading seminars to meet new people in the financial world. Trading for the big firms is all about whom you know, and indeed, getting involved in the trading community is the only way to work your way to the top of the trading world. For the smaller investor, time may be better spent on an online home study course to further their trading potential.

Skill-building activities, such as looking at old charts, reviewing failed trades, or sharpening your trend line drawing skills, are a great way to spend the surplus of time trading provides. Developing a trading plan planner is another good way to spend the extra time, as a complete trading plan will give you the confidence to trade, even when the market goes against you.

Trading isn’t just about investing in the markets, but also in your own ability to trade. Locking in consistent profits means more time off and more time to review your trading plan. Bettering yourself at your own job means less time studying and more time off, while bringing in consistent profits.

Earning a Relaxed Lifestyle

To the person on the outside, the financial district appears to be “stressed out” people huddled around computer monitors for the bulk of the day. For many people on the inside, trading provides a profitable career and a relaxed atmosphere. For the home trader, a job as a day trader provides a luxurious income and the chance to be your own boss. The ability to take off work whenever you want easily trumps the consistency of a 9-5.

Being a trader is more than just a day job. Traders will often find themselves studying the numbers on unrelated events. After taking the plunge into the world of technical investing, you might find yourself looking for trends and chart patterns on things as simple as a weather chart.

Seeing Charts Everywhere

The professional trader will rarely leave work at work. Trading success with technical analysis will bring a trader to actively discuss key issues after hours, such as late day breakouts or momentum strategies. The markets are a bit of an obsession for the average day trader.

Traders who use technical analysis have the hardest time getting away from work. Everywhere you look there are patterns, specifically chart patterns. After years of looking for patterns on stock prices, it is hard to ignore the patterns in everyday life. Finding established chart patterns in a sea of data is easy for a professional trader. It is very likely that traders become obsessed with numbers and chart patterns.

24/7 Trading Makes Stepping Away Difficult

Because trading is such an up and down event, stepping away from the trading desk can be difficult. With the world markets open anywhere, anytime, 24/7, it is hard to ignore the computer screen in favor of a relaxing event. Even financial freedom is not enough for some traders to ignore the markets; buying and selling can be a lifestyle rather than a simple way to make money.

After years of successful trading, life-changing results, such as a ten-bagger in a retirement portfolio, is usually not enough to get away from the markets. Look at any of the most successful professional traders – even though they have financial prosperity, they are still on a quest for more. Financial freedom is just a status rather than a gateway to retirement.

Find Another Passion to Manage Your Trading One

Finding an activity to do each day is paramount to keeping a level head. Ignore your day trading strategies and the late day breakouts and focus on something you like to do. Many trading firms have game consoles, libraries, and even arcades that cater to their employees. Trader burnout is easy to achieve when you spend hours each day looking at candlestick chart patterns. The constant emotional rollercoaster of watching your positions go from the red to the black and back to red can be nerve-wracking. The best thing to do is find another passion to take you away from the day to day and to something you enjoy.