There are many facets to a successful trading future, but one of the most important rules is to “Start with a Financial Plan”.
We should know what we want to achieve and where we want to end up before we start our journey.
We must understand what our Financial Objectives are and employ a strategy to achieve those goals.
We must have clear guidelines around the level of risk we are prepared to accept; the higher the return we seek, the higher the risk we must take.
We must decide on how we will fund our investments. Do we have the cash or do we need to borrow funds or leverage our transactions with CFDs?
Do we own the shares in our own name, a SMSF or other entity and what are the tax implications of these?
Lastly, we must consider the tools or knowledge we will need to ensure the effective use of our funds.
This is where EquitySmart is able to assist you and make sure that you have access to the best tools and knowledge base available today.
Join our Webinar on Thursday 7th May 2015 where we discuss The Seven Golden Rules of Trading in detail.