How to Start Investing
Like a Pro
Becoming a sophisticated investor doesn’t happen overnight. It requires time, continuous learning and the right tools to take your investing to the next level.
Like any worthwhile endeavor, becoming a skilled investor is an exercise in discipline and focus. After all, no matter what you want to get better at in life, the first thing you need to have is a plan for getting from where you are to where you want to be. Investing is no different. Becoming a sophisticated, active trader takes continuous practice, ongoing learning and the use of the right technology and tools. When combined with clearly defined financial goals, a pre-determined risk tolerance and a good grasp of market and economic fundamentals, investors can elevate their trading to the next level.
Becoming a sophisticated, active trader takes continuous practice, ongoing learning and the use of the right technology and tools.
One effective way to begin this transformation is to have a detailed plan. That means an understanding of where your portfolio stands now, the changes you’d like to make and what market indicators, company financials and economic trends can impact those decisions. The tools to gather this wealth of information is key. As many sophisticated trader will often attest, they aren’t jumping from one source to another to pick up the pieces of information they need to make their investing decisions. They’re using tools and platforms that enable them to streamline their activities and react to market opportunities in real time.
Interactive Brokers (IBKR), a Greenwich, Connecticut-based securities firm in business for 41 years, offers this kind of holistic platform through its IBKR Trader Workstation (TWS). It’s a customizable investing dashboard that lets investors trade stocks, options, futures, bonds and funds on over 120 worldwide markets from a single account. It also gives them access to tools and insights to help them make intelligent, well-researched investing decisions.
Of course, smart decisions begin with accurate and timely information. TWS provides comprehensive news, research and market data from Reuters and Dow Jones. When investors want to drill down into specific markets or industries, TWS also offers analyst reports from Morningstar, Zacks and other providers. And for market data on specific exchanges and rich insights into individual companies, there’s Reuters Worldwide Fundamentals, providing financial information on thousands of companies, all in one place.
All the information in the world may be useless to even the most sophisticated traders if the technology needed to act on it isn’t fast and reliable.
All the information in the world may be useless to even the most sophisticated traders if the technology needed to act on it isn’t fast and reliable. That means having access to a trading platform that enables real-time monitoring so you can see where your account is at all times. Further, it’s one that offers the flexibility and speed needed to react to news, changing market conditions and significant economic developments—both in the U.S. and abroad. TWS accomplishes all this, and more. It lets traders view account balances, funds available for investing and portfolio data, all in one place, including mobile devices. And because investing like a pro means that traders should stay on top of changes in the market on a 24-hour basis TWS lets investors create real-time alerts based on price, time or margin. In fact, investors trading on margin can get quick-glance summaries of any potential deficiencies in an account, an important tool in helping to avoid costly liquidations.
And here’s another way to take your investing to the next level: never stop learning. IBKR’s Traders’ Academy offers on-demand videos, webinars and courses that help better explain asset classes, markets and currencies, as well as the various features and functionalities of TWS. When investors combine a robust trading platform, timely market insights, continual learning and an expansive product selection, they’re not just able to make better investing decisions—they’re able to invest like a pro.
This content was paid for by an advertiser. The views and opinions expressed herein do not necessarily reflect those of Nasdaq, Inc.