In our opinion, if you are a beginner in trading or you want to improve your trading experience to increase your yields, you have two main paths to follow:

Option A: Pay for Insights. Just contract a trading insights service, like the proceedit's DTI Daily Trading Insights, and follow this procedure:

  1. Follow the indications you will receive every day;

  2. Place the Buy or Sell orders with your broker as suggested by the service, or simply maintain your positions when receiving a Hold order; 

  3. Review frequently the evolution of your yields, and if you are not satisfied, contract another service.

This is a simple, smart, profitable, and affordable approach. There is not much time involved (maybe 5 minutes per day), and there are no mistakes or risks involved, provided you have chosen a performant insights service. Don't you think so?

Option B: Do it by yourself. Learn from experience by educating yourself on how to become a successful professional trader by following these steps:

  1. Explore and process a huge amount of daily updated market information;

  2. Develop your trading plan by setting your own trading strategies and using them in backtests and with real money for the different assets you want to trade; 

  3. Check frequently the yields obtained and, depending on results, redefine your trading plan to adapt it to the continuous changes in the market.

This approach is complex, takes time, requires a continuous learning process and, in fact, according to statistics, success is not guaranteed at all.

If you want to follow the Option B path, by doing it by yourself, the question is: “How to implement it successfully in practise?”

You have some of the answers in the next Lesson, please continue reading.