Thursday, 30 January 2014

What Madonna Can Teach You About Diversification


Wikipedia – Jan 2014

‘Madonna is known for continuously re-inventing both her music and her image and for retaining a standard of autonomy within the recording industry’

You may have heard the proverb – ‘do not put all of your eggs in one basket’.

Having a variety of trading strategies and investments may just be the key for ensuring that you are successful in reaching your financial dreams and limiting the potential for any losses.

Diversification in trading term is the act of introducing variety, investing in several kinds of securities.

Making changes to the trading strategies you currently use is important on your quest. Change can sometimes be difficult to grasp because generally, we are creatures of comfort; however, a clever way to navigate yourself through the change process, is to think about all of those potential opportunities which could materialise into your next successful trade story. One thing is for sure, you will never know, unless you try.

"If you do what you've always done, you'll get what you've always gotten."

Tony Robbins

Finding new financial trading strategies may pose a big challenge for you. But there are a number of resources available online where traders actively share their knowledge and experiences, free of charge, which may be an effective approach to assist you with making decisions and getting the trading results you want.

Dedicate time to research, learn and apply new strategies to your current portfolio. If you are not willing to research and try something different from what you normally do, in twelve months if your portfolio has not grown there is only one person to blame; and that person is you!

So you can get going now! There is no time like the present. Happy Trading.

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