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Taking A Successful Investment Journey

Jan 12, 2008
The best investors in the world didn't figure it all out in one day.Studying the financial marketplace,figuring out your personality,this all takes time and a lot of patience to do so.We should not forget to mention the mistakes made along the way.

Investing can be a very time consuming enterprise.Make yourself well aware of this before you start your endeavor.Place your targets and mark your goals before you go forward.Set your timeframe and figure out how much capital will be needed to achieve your goals.If you want to retire in let's say 20 years then you must find out how much you want to make to do this.

The following step will be to establish what works.Go through a few books and join a few trading courses,the internet can also be used as a great resource.When you have your strategy assembled and feel OK with it you have to set your ground rules.There are two ways of analysis available,you can combine them or use one or the other.There is fundamental or technical analysis,it's up to you what you will use when creating your strategy.

Decisions that need to be made can only be made by the investor himself.Find out what kind of personality and character you have.The best investors are the individualists and traders who can be very analytical in their thinking.

If you find that the learning curve is too big or you simply don't have the time for it you can always invest your capital in an investment fund who have a solid past performance and an experienced management team.Consider an offshore investment as this can also be beneficial tax wise.

When you take up investing you will have friends and enemies.An experienced investor as a friend ,a few good educational books or the media can be your friend.But keep in mind that you will have your capital at stake so always be careful who you trust.Your biggest enemy will be your own personality when you put your capital on the line since financial matters relate to emotions.Ones you are trading don't look at what others are doing but keep your long term vision in mind at all times.

Being disciplined will be your primary job when you want to learn to trade,if you are not disciplined you might not make it.Always keep studying the markets,the more time you put in to this the better your returns will be in the long term.The day you make your first bad investment,and you can believe it that this day will come,you have to learn from your mistake,don't look behind and move on.

What you eventually will achieve as an investor will depend on what you are aiming for and how much effort you are willing to put in but stick to your plan and there is a great chance that you will make it.
About the Author
If investing yourself is not for you then you might go for this Investment Fund
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