Early retirement is growing popularity these days. In fact, an article by Forbes suggests that retiring early may extend your lifespan.
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In contrast, retiring early actually makes you face the reality of boredom. And to combat boredom, most retirees take full-time hobbies, start businesses, or make investments. And speaking of investments, many of the early retirees actively participate in Investment Trading due to the flexibility that it offers.
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Forex Investment Trading Journal 5. Update the Investment Trading Journal Periodically more. Investment trading is a popular type of investment among early retirees.
Some may treat this as a sort of hobby, while others would take trading seriously. Serious traders regularly monitor their investments from time to time, waiting for them to gain profit exponentially.
So they usually arm themselves to the teeth with a trusty tool that enables them to monitor the progress of their investments. Such a tool is called the Investment Trading Journal.
What is a trading journal?
Investment Trading Journals are like general journals that record the amount of invested capital, profit gain and loss, and deposits and withdrawals. However, these journals are only used specifically in trading stocks, crypto-currency, options, and other types of securities. This strategy are employed by those who wish to participate in trading by buying stocks and holding them until it gains sufficient profit for a more extended period.
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Investment traders often pick the best type of stocks based on how much profit it earns over a long period. The history of trading started ever since the days of our founding fathers. And despite being associated with Wall Street, the first stock exchange was established in Philadelphia in As mentioned above, investment traders pick the best stocks to invest in and hold them for a long time. This is called the buy and hold strategy of trading.
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