Investing on stock market is the best way to grow one’s hard earned money. According to different surveys carried away by some finance analyst agencies, majority of the people in our country still hesitate when it comes to investing in the stock market. So if you don’t want to be one among them and wanna invest in stock market, you are truely a genius and brave. So I’m here to give a few tips on how to properly invest in stock market.
Always be an investor, never be a trader. Let me first understand you who are trader and investor. Traders are the ones who buy stocks and sell them within a minute, hour or even days after buying. They never hold stocks for long period. On the other hand, investors are long-time stock holders, they keep their stocks for many months and even years. So as a begginer, always keep this in your mind.
One needs to open a demat or trading account to enter the stock market. Different brokers are available in our country to open a demat account. But not all of them are good. So I can help you to select a good discount broker. Always go for those brokers which have lots of reputation in the market. One can find the the reviews on best brokers on the internet. There are many trusted and genuine websites available which compare or review different brokers. So taking a look at them is better and decent way before choosing. Also never forget to check that your selected broker has good software, mobile app or website to doing stock trading.
Before investing, one should know not much but at least the basic principles or rules of stock market or more accuratley how to invest in stock market. Also try to getther a few ideas about NSE, BSE, Sensex Nifty etc. Let me tell you that you can watch lots of tutorials on YouTube about stock market and its different times. So always try to watch only the good tutorials from some trusted and verified YouTube channels. Also there are more than enough articles availabe to read about investing on market research websites like MoneyControl, Economic Times, ETMarkets etc. So read at least a few of them.
After knowing about investing, never short-sell your stocks or never imdulge yourself much in intraday trading. Intraday means buying and selling your stocks at the end of the sam day. Intraday is like gambling and not much profitable. Always go for long term imvestment. It will bring you more returns.
According to the greatest investor and father of stock market Warren Buffett, always invest the money according to your ability, that means invest only that amount, which in case if of you lose it unfortunately in the market, auch that you can bear the loss. So never invest beyond your limits. Using stop loss on each invesment or on each trading can help you. Stop loss in market is the term which decreases you loss. Stop loss option can be found inside the trading application or software. Setting stop loss on each investment is a decent way to save your money.
I have been a stock market investor since the last two years. So I’m giving all these ideas on the basis of my knowledge and experience. I won’t be responsible if your investment doesn’t go profitable as you might think.