Question

Define trade and its types.

Answer 1

Answer:

Trade means the sale, transfer or exchange of goods and services for a money or money's worth. Types of Trade- 1. Internal Trade : Internal Trade is also known as Home Trade or Domestic Trade.

Explanation:

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Answer 2

Explanation:

Trading

• Trading is not gambling.
• Trading is years of hardwork, learning, and discipline. If you are looking for a place to make money easily, look elsewhere.
• Trading is purely a game of psychology and discipline. Numbers data etc are secondary
• Never trade with a profit target in mind. Trade because a trade is the right thing to do at that point of time
• Capital preservation is the only job you have as a trader. You need to preserve your capital for great trades with high probability of high profit. If you lose money on poor trades, you will not have any money to take the great ones
• There is a life outside of trading. It is easy to lose sight of that and get addicted to gambling.