How To Trade While Traveling And Double Your Income
Dec 15, 2019•11 min
Episode description
In this episode, Mubarak Shah reveals three things you need to do to be able to trade successfully while traveling. Mubarak also reveals a tool that can help you access your trading setup at home when you're traveling.
Disclaimer: This is purely educational, not investment advice.
TIME CODES
[02:30] If you are in an overseas country in Europe or Asia etc, make sure your timelines line up when trading the US markets.
[03:41] Tip #1: Make sure you have reliable Wi-Fi connection
Choppy Wi-Fi can hamper your ability to trade real-time e.g. a random disconnection can prevent you from successfully closing out a trade when it's in profits. Also, make sure you have proper stop losses set in place.
[06:33] Tip #2: Make sure you have a trading setup.
All you need is a laptop and a good mobile connection.
[07:24] 3. Utilize VPN to connect to a certain server in a location that'll allow you to have more consistent Wi-Fi.
[08:00] If you're traveling and want to use your trading setup at home, you can remotely access your home computer using a Remote Desktop Protocol.
[09:46] The most basic rule I teach all of my students is The Double Catalyst Rule
The Double Catalyst rule essentially combines two main elements of the stock market:
1. Technical analysis of a company's stock price
2. Significant news about the fundamentals of the company e.g. positive earnings, a new contract etc.
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