Have you ever heard the term “smart money” in the markets? It is simply used to describe big hedge funds and other financial institutions. They are the “smart money” because they move the markets – they’re market makers.
Well, “dumb money” is the opposite of that. Dumb money are people like you and me – retail investors. Those that do not move the markets … those without virtually unlimited funds.
If you’re anything like I was, you are thinking that you may need to spend a ton of money to learn about investing. That is false! I know there are lots of websites offering you the key to a world filled with cash … for a nominal fee, of course! But let me be the first to tell you that you do not need to spend a penny to learn.
The internet is a beautiful thing when used properly. I used it to learn about investing, and so can you. Well, the internet and books (E-books for the modern-age person). I spent, and still spend, a great deal of time researching anything to do with investing, business, and finance.
That is why I started this blog. I wanted a place that newbies could come to and learn for free. Is this blog the only place to do that? Absolutely not! There are a million places, including YouTube, that are fantastic tools to use in order to learn about investing and the business world. And you should use EVERY tool available to you before you make your first investment decision.
This blog is new. I have many plans for it, and you are more than welcome to join me for that ride. I welcome you! I will discuss technical analysis, fundamental analysis, chart patterns, candlestick patterns, and much more. I will also give my personal analysis on different opportunities I see in the market. But, with that said, you should never take my word for it, or anyone else’s. You should always do your own research before making any investment decision. If you are unsure, then seek professional guidance.
I thank you for visiting DumbMoneyTrader.com and hope you like what you see.