Staale Fossberg provides tips on how to trade and invest on stocks wisely

Staale Fossberg provides tips on how to trade and invest on stocks wisely

When it comes to comparing stock investing and trading, it is important to note that both these have the same goal that is to make money in the stock market, but both of them do this in different ways. Thus, traders usually aim for short term profits and investors aim for the long term profits.

Staale Fossberg explains how to trade and invest wisely

Timing is the greatest difference between investors and traders, but their focus also varies noticeably. While investors mostly study a company’s prospective for long-term value or growth; traders on the other hand often take benefit of small mispricing in the market.

Staale Fossberg, the CEO of My Private Trade also known as MPT has established this in cooperation with Morten O. Andersen at Simray Holdings LLC says that there are several reasons as to why people trade stocks such as:

  • Most of the people trade stocks to make money. There are chances of making big profits provided correct steps are taken.
  • Quite a few number of people find stock trading is an entertaining activity
  • People trade stocks just in order to gain knowledge about it and to learn how to trade

Mentioned below are some of the tips that can help a person to trade wisely:

  • Make a plan that read aloud when one can buy and sell. For instance, one may decide to sell if a stock rises or falls a definite percentage.
  • It is always better to abide by the plan that has been prepared or else becoming successful in trading can become difficult
  • Find out how much money one can afford to lose, and it is thus recommended not to trade more than that.

On the other hand, people invest on stocks primarily to build long term wealth. In fact experts say that investing in the stock market can return several more dollars than putting money in a conventional savings account or keeping it in cash.

Tips to invest in stocks wisely:

  • Create an investment plan for selling, buying, and rebalancing the holdings.
  • When investing on stocks it is always important to be prepared for the long haul. One will need to have the discipline and patience to stick through the ups and downs of the market.
  • Take help of a mentor or someone who has several years of experience in investing stocks.

These are some of the tips to follow when stock investing or trading.

Staale Fossberg has used his excellent communication skills and with his connection to Simray, he has been able to create the most dynamic online concept namely My Private Trade (MPT) in Europe. MPT encourages people to trust that they can make money by being good networkers and salespeople. Staale has also served as a company director for quite a few firms earlier such as Superdobro LTD, Jungle Norway Limited, and Conecto Invest Limited. He has several years of experience as a television and radio broadcaster as well.

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