The Wealth Pyramid Explained - Active Trading

02/09/2024 31 min Temporada 1 Episodio 64
The Wealth Pyramid  Explained - Active Trading

Listen "The Wealth Pyramid Explained - Active Trading"

Episode Synopsis

Send us a textJoin hosts Paulina and Mark as they dive into the world of active trading as a cash flow-generating asset class. In this eye-opening episode, they explore the ins and outs of trading various assets including shares, foreign currency, gold, crypto, and property.Our hosts emphasise the importance of maintaining an unemotional approach and developing a clear strategy for success. They discuss why patience, education, and endurance are crucial elements in the journey of an active trader.Paulina and Mark share insights on the time it takes to become profitable and the necessity of continuous learning in this dynamic field. They also highlight the benefits of specializing in a specific market and asset, as well as the critical role of strong money rules and exit strategies.Tune in to discover how active trading can provide long-term income and give you greater control over your capital. Whether you're a seasoned trader or just starting out, this episode offers valuable perspectives on mastering the art of active trading.00:00 - Introduction to Active Trading as an Asset Class03:36 - The Importance of Education and Being Unemotional14:08 - Putting in the Hours and Making Active Trading Easy18:26 - The Role of Patience in Active Trading21:07 - Aiming for 2% a Week and Compound Growth27:53 - Endurance and Continuous Learning in Active TradingSupport the show