There are many ways to follow the stock markets. You can monitor fluctuations that occur daily and also check online updates. Investors wish to know the best ways to follow the needs in 2022. This is why we have interviewed Lance Ippolito, head trader at WealthPress, to give us insight into the best ways to follow the market in 2022.
WHAT ARE SOME THINGS THAT A BEGINNER SHOULD KNOW?
You should understand the bull and the bear market. The bull market signifies a time of steady increase in market prices. This is followed by a bear market which means a fall of at least 20% in the stock market prices. A bull market indicates economic growth and investor confidence. In contrast, a bear market suggests that the economy is not in such a good place. It is essential to understand these terms and what they signify.
In addition, you should learn about stock market crashes and corrections. When the stock market crashes by 10% or more, it is referred to as a stock market correction. At the same time, a stock market crash is a sudden and drastic drop in stock prices. Although a decline or crack in the market might be discouraging, it is essential to note that bull markets last longer than bear markets, and the prices will rise again.
WHAT ARE THE BEST WAYS TO FOLLOW THE MARKET?
By checking financial charting portals. You can visit significant financial charting portals like Yahoo or Google Finance for live updates on the primary stock market.
Monitoring pre-market data before the stock market opens is another way to follow the market. You can watch the pre-market data before the stock market opens each day. The information is available on financial services platforms such as CNBC and CNN Money. Knowing how stocks might trade before the trading session begins makes it possible.
Suppose you wish to follow professional sentiment among prominent money managers at hedge and mutual funds. In that case, you can take note of the bullish percent index of individual stock market sectors.
The Blitz Tracker Summit is organized to update investors on the market, featuring Shadow Blitz alerts.
LANCE IPPOLITO, IS IT ADVISABLE TO INVEST CONSIDERING THE RISKS?
Life is not without risks, and the same goes for investing. Go ahead and take the risk. If you lose, you will be wiser, but if you profit, you will be happy. Both ways, it is a win-win situation. I don’t win all the time, but for everyone I lose, I learn from my mistakes and move on.
WHAT ARE SOME THINGS THAT YOU SHOULD DO BEFORE JOINING THE INVESTMENT MARKET?
It will help if you understand your risk tolerance. Understanding what kind of investor you are and what you aim to achieve is essential. Not taking enough risks might make it hard for you to reach your goals but taking too many risks can cause huge losses.
In addition to understanding your risk tolerance, you must set your goals and objectives and why you’re investing. This will help you know where to see when you’ve gotten there.
WHAT ARE THE FACTORS THAT SHAPE MARKET TRENDS?
The factors that shape the market trends are The Government, International transactions, Supply and Demand, and Speculation and Expectations.
Read Next: WealthPress Congratulates Top Trader, Lance Ippolito