Demystify the Stock Market - A Foundation for New Traders
Do you ever wonder how seasoned traders know so much? It's experience and time that builds the knowledge base. The good news is that everyone who trades has to take that first step of learning. To start new traders on their path to learning how to swing trade, this episode provides basic introductory information on the stock market. It covers topics such as the market itself, market exchanges, ticker symbols, sectors, bid and ask prices, types of orders, stop loss, and trading terminology. Key learning takeaways are: The stock market is an exchange where buyers and sellers can trade stocks, facilitated by market makers. Stocks are listed on exchanges such as NYSE, Amex, and NASDAQ. Ticker symbols indicate the exchange on which a stock is traded. Sectors and sub-sectors are important to consider when developing a trading strategy. Understanding bid and ask prices is crucial for placing orders. Limit orders provide greater control over buy and sell prices compared to market orders. Day orders and GTC orders are common types of orders. Stop loss orders help manage risk in trading. Bullish, bearish, long, and short are important trading terms to understand. Questions - Feel free to email me at brian.montes@icloud.com Interested in the Disciplined Trader Community - https://disciplinedtradersacademy.podia.com/ Interested in Finviz? https://finviz.com/