Although the gains from trading equities be great, losses can equally large. To increase your chances of successful trading, make sure you have a strategy in place before entering any trade.
First consider the long-term goals that you would like to achieve and conduct research into the equities market accordingly. Trading equities allows you to monitor the companies that interest you and that you are excited by – which can be extra motivation for your background research. Choose a time period for your trade that suits your lifestyle too; are you more inclined to profit from long term trades and market trends, or do you prefer the fast pace of short term trading?
It is also important to have an exit strategy in place. For example, whether your share of interest increases or decreases in value, at which level will you choose to close your trade? Additionally, it may prove wiser to make these decisions before entering a trade, so that you can make decisions without the potential of an open trade clouding your logic.