Anmol Singh: Trading for profit requires a lot of research and analysis. It is important to understand the market conditions. It is critical to know the nature of the assets and trade volume. Managing funds requires knowledge about different financial assets. It is important to know how to manage risk. This is to make sure that you are not losing money on bad trades.

Today, Anmol Singh, a trader, fund manager, entrepreneur, and explorer joins us. Anmol started trading during his early college years without much luck. After a year or so he discovered a pattern. It allowed him to go from zero to making a positive income as a trader. He looks into trading & forex as a form of investment to get started and avoid the common pitfalls.

Enjoy!

Here are three reasons why you should listen to this episode:

1. Learn about funds management and trade for profits
2. Discover tips on how to maximize your funds for business success
3. Gain insights and strategies to help you improve your trading efforts

Resources

• Know more about Anmol Singh
• Check out the Live Traders
• Read Prepping For Success: 10 Keys for Making it in Life
• Connect with Anmol Singh in Facebook, Instagram, and Twitter
• For more Informative Interviews Click Here.

Episode Highlights

How Anmol Singh Started in Trading

• Amol’s interest in trading was first aroused in college when they were discussing the market. At first, he had no idea what it meant. He discovered what the market was by reading through blogs, books, and watching shows about marketing.
• As a result, Anmol started his own blog. He published his own thoughts there — what he was doing, what he was thinking, and basically everything in between. Then, a finance company discovered him and hired him as their copywriter. It helped him a lot both as a student and as a budding trader.
• The articles he wrote spread across social media. People began talking about how good the research was. They praised him for being a good personal fund manager.
• Anmol realized that investing was not for him. So, he shifted to trading and his career in that industry began and flourished. He attended mentorship courses and business programs from a financial institution to improve his skills. He learned a lot and got his start in trading with Live Traders. 

Wealth-Building and Income-Producing Account

• When investing, Anmol advised investors or potential ones to create their own wealth-building account. A wealth-building account is a financial account you don’t take out money from. In other words, it is similar to a savings account or mutual funds where you grow to serve a long-term purpose. That is a good financial management habit to practice.
• Meanwhile, an income-producing account is an account dedicated for your short-term investment goals. This is where you deposit and, at the same time, withdraw money from.

Early Career Challenges

• Mindset is the biggest challenge in trading and, generally, in business. Today, investors are no longer pushing buttons on their seats. Investing is not just about statistics. People hardly realize it. As a result, they try new and different approaches to investing, resulting in bad outputs. 
• For Anmol, investors should focus on one investment strategy only. They should monitor the statistics they gather to improve their fund management and trading efforts. It’s a numbers game, so to speak.

How To Invest in Stocks

• There are two dominant schools of thought governing effective investing. One is the Fundamental Analysis, which concerns the company and its parts. It ranges from employees to employers. The other is Technical Analysis, which Anmol is teaching to investors and clients. It studies the gyrations of the company using trading-focused strategies and patterns.
• Anmol advises potential investors to start with a lot of capital. The more capital you have, the better the chances of succeeding in trading. The more cushion you put, the more comfort you experience once regular stocks come out.
• He recommends a minimum of $500 investment for Forex Trading. But if you plan to put your investment up for weeks, then invest $1,000-$2,000. Lastly, day trade requires at least $25,000. so, you have to prepare a hefty sum if that is what you’re gunning for.     

Two Powerful Quotes

“In investing, let the statistics play out. Control your thoughts and allow the numbers to speak for themselves. This goes for other businesses, too.”

“Positive self-talk will get you to a good state. But you have to act upon that good state and push yourself to do further actions.”

About Anmol Singh

Anmol Singh, is a trader, entrepreneur, and explorer. He has generated over 7 figures for him and his investors in trading wins and continues to remain a stock and forex trader. He is also an avid real estate investor with a large portfolio and has funded two other tech based companies. Today, Anmol spends most of his day managing funds and working with students of LiveTraders which he co-founded in 2014.

Follow Anmol on LinkedIn.

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