The Washington Independent
The Washington Independent
3 Tips for better investing decisions

3 Tips for better investing decisions

Jul 14, 2021 12:45
finance
Ismaeel Delgado

Table of Contents

3 Ways to Improve your Purchasing DecisionsMore information = Better decisions

Ask any expert known for making money in the trading space how they keep profits high and losses low, and they’ll tell you it’s all about who, and what you know. The more information you have, whether you’re trading forex, securities, or positions, the more likely you are to make intelligent decisions about your financial future. As tempting as it might be to run in and make quick decisions about assets that appear to be profitable, or heading in the right direction, every investor needs a solid strategy, and a plan for successful research if they want to make some serious cash. So, how do you make the right decisions?

3 Ways to Improve your Purchasing Decisions

Knowledge is the tool you need most when buying and selling securities. The good news is that there are plenty of ways to stock up on information. Our three recommended methods include:

  • Brokerage accounts: Your first stop should usually be to visit your brokerage system or tools. Brokerage accounts often come with access to various analytics tools and news updates to help keep you informed about trends in the market. You can also come back to your brokerage account and use it for things like paper and demo trading when you want to test if a strategy can really work. 
  • News outlets and blogs: Alongside your brokerage account, make sure you have access to plenty of reputable news sources. For instance, you might have a specific financial newspaper or online magazine that you trust. Try to avoid taking any direct advice from anyone as gospel. Although you can check out other people’s opinions online, you should always do your own research to confirm an investment is a good idea.
  • Forums and apps: Finally, check out some special tools specifically designed for stock traders and investors. Tools like Stocktwits are like social media account where you can talk about all kinds of trading opportunities and check out the latest market trends. You can go to this site for an insight into how Stocktwits works. 

More information = Better decisions

Though luck and gut instinct might have some part to play in your chances of making the right purchasing decisions, most experts agree that you should never rely on feeling alone. The best trading decisions come from hours or even days of well-thought-out research. The more familiar you become with your chosen market, the easier it will be to pinpoint any potential signs of an asset’s value growth or drop in value. 

Take your time to learn which sources of information are the most credible in your industry, and make sure you understand how to separate sources of fake hype, from real insights into a business. For instance, earnings reports direct from the company are always more reliable than top tips emails sent by influencers in the financial industry. Once you have plenty of information, you can begin putting it to the test by experimenting with your demo trading accounts and seeing which information pays off.

Ismaeel Delgado | Ismaeel Delgado has been working for the Ministry of Information and Communications as a Technical Officer for the past five years. He is an Electronics and Communication Engineer with a Masters in Information and Communication Engineering. He is involved in the review, revision, redesign, and expansion of the required structure, legislation, laws, and technically relevant national planning and program for spectrum management based on ITU radio regulations as a technical officer in the Ministry of Information and Communications' Frequency Management Department.

Related

Gambling Laws: How Canada compares to the US

Canada and the US are not just neighbors. They’re allies that share a national language, food and music. Both countries are huge in geographical size, incredibly developed and have populations with a 99% literacy rate.

How Ethereum is steadily second-most popular cryptocurrency

Cryptocurrencies have taken over the digital world with their countless advantages and ways of improving the online life of millions of users. That change started with Bitcoin and now we are taken in by Ethereum. It is more than just another cryptocurrency.

Top Altcoins offered by crypto gaming industry

Crypto casinos allow users to get access to more features than a traditional casino by enabling gambling and payments through the world’s most popular cryptocurrencies.

7 Tips to make your brand more customer-focused

Customers are undoubtedly the lifeblood of all companies worldwide, so it isn't surprising to see many businesses prioritizing them. Research indicates that about 40% of all companies have an equal focus on customer retention and acquisition to help drive long-term company growth.

6 Useful tips on how modern technologies are reshaping traditional businesses

The technological evolution in the modern workplace has been very beneficial to many businesses, and, of course, several businesses have taken advantage of this to improve their performance level and operate more smoothly. Every business needs technology; whether big, small, or medium.

What Americans need to know about online casino bonuses

It used to be that gambling in the US was severely restricted, with destinations such as Las Vegas and Atlantic City, being the key havens for people wishing to test their luck.

The Biggest Wins in Poker History

Outside of organised sport, poker is one of the most popular pastimes on the planet by players from Las Vegas to Laos and everywhere in between. One of the many reasons for poker’s popularity is the riches that the game can offer to those successful enough to consistently win the top prizes.

Top 5 publicly traded gun company stocks

For just a long time, the market for gun company stocks has indeed been completely ignored. Even so, even as the whole world becomes increasingly chaotic, firearms are mainly motivated by the demand for self-protection. This has resulted in an unprecedented rise in weapons sales throughout the US.

The industries utilising e-wallet payment methods

An increasing amount of consumer transactions are taking place over the internet, last year over 779 billion digital payments took place across the world. This figure is expected to grow by around 13 percent each year and more people enjoy the convenience and accessibility of spending money online.

Is online bingo legal in Washington state?

Online bingo is growing rapidly, with players everywhere noting the benefits of gaming from the comfort of home. Exciting, engaging, and best of all, offering a real chance to scoop the jackpot, bingo is enjoyed by millions worldwide.

6 Ways to increase the value of your home before selling it

When you are looking to sell your home, you want to make sure you sell it for a good price. Luckily, house prices normally go up over time, so you should not have any trouble selling it for more than you bought it for.

© Copyright 2021 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com