Simulated trading account are a great tool for novice traders and at times for experienced traders too. However, there are some drawbacks to demo trading.
Many traders see options as risky and complicated, but in actuality options help mitigate your risk and are easy to understand once you learn the strategies.
Using a stop market or stop limit order is a great way to manage your trades without having to be there the exact moment of execution.
Knowing your cost basis and factoring that into your plan when selling shares can save you a substantial amount of money in taxes.
One way to prepare financially for things like these is by creating an emergency fund.
Happy Father's Day from Edward Jones
Copyright © 2011-2017 Hubbiz®
| Request API Access