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    How to Invest Wisely Trade $mart and Grow Rich
    How to Invest Wisely Trade $mart and Grow Rich
    How to Invest Wisely Trade $mart and Grow Rich
    Ebook101 pages1 hour

    How to Invest Wisely Trade $mart and Grow Rich

    By Joseph Penningar

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    About this ebook

    How to Invest Wisely Trade $mart and Grow Rich was written for all of the up and coming aspiring self-directed traders and investors who are trying to figure out if the trading business and doing it on their own is for them or not. By the time you are reading the first few pages of How to Invest Wisely Trade $mart and Grow Rich you will know what is in store for you in the business of making money with money and if you want to do it as a self-directed trader or not. Remember, you don’t need a job you need an income and trading is the only business I know of where you can be anywhere in the world you choose to be day or night and having the chance to make unlimited amounts of money, isn’t that the type of business you would like to be in?

    Investing and trading is the best business in the world as far as I am concerned and it is the only business I know of where you can be at the beach or golf course on a beautiful sunny day or scuba diving with whale sharks or flying to Europe for the weekend to meet up with friends and still be making unlimited amounts money the whole time you’re doing it.

    No other business in the world other than trading allows you to work at your own pace and make an unlimited amount of money. What a brand new self-directed trader with no experience can get from reading this book can get them in the seat of their own money train and depending on how fast they can grasp the concepts presented and deploy them in the live markets they can be making an income for themselves in as little as 30 days to 6 months.

    By the time you have completed reading How to Invest Wisely Trade $mart and Grow Rich you will know the biggest mistakes new traders make, the first things to study when you are brand new that can make you money right away, and also how and where to go to get even more information that can help you succeed - right away.

    LanguageEnglish
    PublisherJoseph Penningar
    Release dateMar 3, 2016
    ISBN9781524222642
    How to Invest Wisely Trade $mart and Grow Rich

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      Book preview

      How to Invest Wisely Trade $mart and Grow Rich - Joseph Penningar

      How to Invest Wisely Trade $mart and Grow Rich

      Wealth Building Guide for Self–Directed Beginner Investors & Traders

      By Joseph Penningar

      Copyright 2016

      Who I wrote this book for

      This book is written for all of the up and coming aspiring self-directed traders and investors who are trying to figure out if this business is for them or not. By the time you are reading the first few pages of this book you will know what is in store for you in the business of making money with money and if you want to do it or not.

      Investing and trading is the best business in the world as far as I am concerned. It is the only business I know of where you can be at the beach on a beautiful sunny day or scuba diving or flying to Europe for the weekend to meet up with friends and still be making unlimited amounts money the whole time you’re doing it.

      I wrote this book for all the new and upcoming aspiring self-directed day traders, swing traders and investors who are coming into the business and have zero or very limited knowledge so they won’t have to waste valuable learning time and money to figure out only the most important things to know on their own.

      You don’t need a job you need an income and trading is the only business I know of where you can be anywhere in the world you choose to be day or night and having the chance to make money. Isn’t that the type of business you would like to be in? For me it was a no brainer decision. Now, I can do my business anywhere in the world I wish to be and know that my business is taking care of itself because I have my positions being monitored in the live market by my rule based smart plan.

      No other business in the world other than trading allows you to work at your own pace and make an unlimited amount of money. A brand new self-directed trader with no experience can read this book and depending on how fast they can grasp the concepts and learn them can be making an income for themselves in as little as 30 days to 6 months. I bet you can’t make an unlimited amount of money at your present job.

      Learning the trading business is not as hard as one would imagine as long as you are learning it the right way the first time from the first day. This book and the information it provides to brand new investors and traders is like having the keys to your mansion, Ferrari, G650 and super yacht handed to you all at the same time. You can certainly have all of those things and more if you just take your time and go slow and logically think through what this book is telling you to do.

      There is a certain progression of steps that every new self-directed equities trader (or any trader) must follow to become a consistently profitable professional self-directed trader, there are absolutely no short cuts. Should any brand new self-directed trader decide to try to side step any part of the proper education and training and try to go into the live markets before you have become consistent on a demo account for however long it takes, you stand the chance of your money train going wildly off the tracks and possibly losing all of your capital.

      With some good planning and the right education and training from the very start a new self-directed investor and trader can get up to speed fairly quickly and then it is a matter of polishing ones skills and plan. Once they are confident in their skills and their plan is solid they should have no problems going into the live market and becoming a successful market participant.

      The most important thing about market education is learning it the right way from the beginning and not making the mistakes that other people are making. Don’t become one of the sheeple of the herd. If you learn what not to do right from the very start, you will already have an edge over the others who did not take the time to educate themselves properly—this is whom you can actually make money from in the markets once you can see their fear and greed.

      I know you have probably read this before however I feel I owe you the best information so I will say it again right here. Investing and trading is not a get rich quick business.

      While the market is like a big ATM that is open 24 hours a day if you don’t have the right PIN# your money will get sucked into it. Learning to trade on demo is not some video game and if you are going to make the decision to learn this business than you’d better learn it the right way the first time from the first day.

      Make no mistake this is a dead serious business and you should treat that way. You as a retail self-directed investor or trader have a limited chance of having a positive outcome in the live market against the best market participants in the world not to mention having to try to make money from the machines. It is said that 70% of the market making is done by super computers now. You can’t beat them however you can train yourself to see what they are doing on a price chart and then make money with them.

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      Table of Contents

      Who I wrote this book for

      You need to have a few questions answer first

      Begin with the end in mind – build a realistic portfolio

      The market is not your enemy and time is your friend

      Characteristics of self-directed investors and traders

      Chart reading and price action are a must learn

      You are a money manager and a money maker

      This is not a business for the weak minded

      Rules are made to be followed – can you?

      A well composed rule based plan can get you there

      Know who and what you are up against before you enter

      You can’t beat them but you can make money with them

      Some real world examples to really get you thinking

      Bonus chapters

      How to overcome over trading as a beginner

      You must overcome the fear of pulling the trigger on a trade

      My final advice to new self-directed beginners

      Bonus section

      Glossary of abbreviations

      Disclaimer

      You need to have a few questions answer first

      One of the first questions I ask brand new self-directed investors and traders who are new is why they want to trade. The answer I get most of the time is I want to make money. Hell we all want to make money in the market and that should be every investor and traders goal. For me it is to add some money to my account balance monthly as I am a position investor and trader. I look at things on a longer term time horizon.

      When I first started out in the business I had not answered any of the serious "why" questions and only knew I wanted to make money from trading. I had unrealistic expectations from the start which is only one problem most new traders coming into the business have.

      Most new people who come into this business have unrealistic expectations on what they will be able to pull out of the market money wise on a daily basis. Most professionals who are at the level of profitable consistency of making money on a daily basis if they are day traders have accepted that the market will only give out so much and they are good with that.

      The live markets are an intimidating and brutal place for someone who starts off with the wrong information. They can be a mysterious, murky, and complicated place for the ill advised. By following the advice in this book and keeping it simple and taking it very slow and absorbing every detail you can have the best chance for a high probability outcome as a successful market participant. Make no mistake the market can make you lose

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