Want to start investing in shares? Here are my top 10 tips for beginners.
1. First of all, always try to have enough information to obtain a rational decision. Do not buy or sell shares is based on your emotions.
2. Commerce based on a clear and concise trading plan. This will help you follow rule number one. A clear plan, you can keep blindly follow the emotions of buying and selling of securities.
3. The shorter the period the higher the risk, the greater yourExperience should be. Unless you are a stockbroker novice then start with day trading. Treat your time and develop trade. Follow the strategy of buy and hold start.
4. Do not waste all the money in a deal. No operator willingness to put all your eggs in one basket.
5. They always have an exit strategy. You need to know when and where to put an end to the profit or loss.
6. If you do not know what's happening in the market or delay in the field, without having to leave the trade.
7.Go with the trend. Do not trade against the trend. Bottom fishing is not working or you need a great deal of experience and luck to make it work.
8. Not invest in penny stocks or companies unknown. Go with the well-known brands and blue chip first.
9. Do not trade too many stocks at once. At the start of trading only one stock at a time.
10. Stock trading has a learning curve. Do not expect to know everything in a few days. Always humble trade.
Follow these 10 rules andYou have a chance. Ignorance and failure is guaranteed. The more you know, the bigger your profit.