First steps to own business: instruction
The first thing you need to think about before registering your business is its organizational and legal form. The law offers two: an individual entrepreneur (PI) and a legal entity…

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“Main Staff Wallet”
Where, after all, is the critical limit for wage costs, which is not recommended to pass? If you do not have a ready answer, do not be discouraged, for you…

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Russians tried out new business - fuel pellets
More than 20 years ago, Bavarian Rudi Gunnerman, who lives in the United States, first produced wood pellets. The pellet market is growing at a tremendous pace today. Prices are…

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Why an investor should rely on time and not on luck

Hoping for good luck
Very often, the stock market is compared to a casino or a lottery. Lucky-no luck. This is completely untrue, but many people approach to work on financial markets from this very point of view. And really satisfied with their work in the casino market. But … you know who wins in roulette? First of all, the casino itself! Therefore, if the financial market for you is a roulette, then you have exactly the same chance of success as in a real casino, that is, zero!
How to avoid it? First, with the help of a long term investment. This is the fundamental difference between the casino and the stock market. In a casino, you win and lose HERE AND NOW, so there is a pure theory of probability that always works against you. But in the stock market you can wait indefinitely and, thanks to the length of the waiting period, you have all the chances to wait for your time. In addition to this, the economic laws of business development always work on your side – business does not develop HERE AND NOW, it develops slowly and over time.
For example, who 20 years ago knew about a company like Amazon, which didn’t represent anything of itself at the end of the 90s of the 20th century, and its shares were worth $ 4 on the exchange? And who does not know now about this giant corporation, whose shares today cost 400 times more! And there are hundreds and thousands of such examples. Therefore, do not rely on luck and make a roulette out of your investments. Rely on the fact that the world is developing and business is developing. Invest for a long time in what you think is interesting and promising, and you will have investment happiness! Take the example of Warren Buffett, who does just that.
numbering- small.pngBlind faith in the “guru”
Another important point is gaining market knowledge. On the tools, strategies, features of trade. Knowledge can be obtained in different ways. There is a huge amount of literature on any issues. Many courses, both full-time and on the Internet, where they will tell you about everything you know and don’t know about. Or, as they like to say, about what you are afraid to ask. In short, you can find anything. However, the question is: will it help? Yes, it will help. But only in one case – if you will not trust anyone! Trading, investment is an absolutely individual type of activity, the success of which is 80-90% dependent on the behavior of a particular person. What I, in fact, am trying to tell you in the third issue of the magazine in a row.
So, recipes for successful trading of one person may be completely unacceptable for another. What is it that turns out: do you not need to read anything at all, or don’t you need to listen to anyone? Nothing like this! Just all the knowledge that you get, then you should try it out for yourself. Always – for a small amount. It turns out to earn – add to the account more money. It will not work, you will not like it – forget about it and look for new options. And therefore, in no case can you trust anyone, no matter how “guru” he is. And here GURU can even write without quotes. After all, there really are very interesting and successful investors, whose experience is definitely worth listening to. But just listen, and then – do it your way.
But in fact, no one needs to believe in the market at all, because no one knows what will happen tomorrow. But without me you know that anything in life can happen, and sometimes it happens completely suddenly. Let us recall Woland from the “Master and Margarita” by Mikhail Bulgakov: “Yes, man is mortal, but that would be half the trouble. The bad thing is that he is sometimes suddenly mortal, that’s the focus! ”With the light hand of the famous economist and trader Nassim Taleb, the sudden situation in the financial markets that no one could have foreseen is called the arrival of black swans. And again, only one factor works against the “black swans” – his majesty Time. Time erases all traces, all the consequences of any troubles and disasters, and the world then goes on its way. And the business continues to grow and bring profits to its shareholders.
numbering-small.png Keep cold mind
And all of the above implies one very trite conclusion – always keep a cold mind. The conclusion may be banal, but to adhere to this rule is sometimes extremely difficult. Especially in some critical situations – when everything falls too much or grows too fast. After all, we must understand that everything is not happening in a vacuum. If you are “in the market,” then you are following the news, quotations, analyst speeches, and so on. But suddenly, they all all begin to shout in one voice: “Everything is lost! Nightmare, nightmare! Everything has to be sold! ”Or vice versa -“ Everything is just great! Markets are growing, quotes are growing, and we have space ahead of us! ”
So do not panic and have your head on your shoulders. Proceed only from the parameters of personal investment strategy, which we talked about in previous materials.

Common sense in the foreign exchange market
For a start, a little episode of the last days and weeks. I have one very good friend - the head of the operational department of a very large bank…

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Success in work: what determines it?
Many people say, and, in fact, the way it is, that you need to succeed in work. However, what success is, not many people know. If you look into the…

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