Stock the magic wand can make you overnight millionaire as well as make you lost your hard earned money in less than a trading session. This is quite evident in current stock market. Stocks are always enticing investment options as compared to gold, real estate (in current state), bank deposits.
However, based on our analysis there are certain factors that really do form a very big moral support for a stock trading beginner. We want to share our views and keep this post totally original. So, we guarantee this will be fresh with whole new ideas
1) Attempt to make money in side jobs - This is absolutely true. The major hesitation that prevents us from entering stock market is fear of losing. Full-time income always comes with lots of emotion as we work like hell to make money. Hence, best thing would be to take up some part-time jobs like babysitting, tutor, online blogging, part-time receptonist etc . Attempt to invest first $100 earned part-time on your debut stock trading
2) Try to trade Large cap stable stocks - As a newbie if you attempt to buy and sell risky stocks it might or may not leave your initial investment in place. So, go for safest large cap stocks first few weeks, months and attempt to trade for little profits. All of us read the first trade by buffet on pepsi stocks. He did repent for selling this too early. To overcome psycological fear you should see money in returns. So, as long as the return is more than bank interest chose to sell it short for moral boost
3) Read news daily - We advice to stick to standard news aggregator like Google Finance, Yahoo Finance. Develop habit to spend 10 mins minimum daily on reading news. This includes weekdays, weekends. A good stock investor must read a lot, should analyse and visualize future
4) Free money for stock trading - Every month you earn cash back rewards. Every quarter look at amount of cashback earned. This is tax free money. Use this for stock trasing. Also, use sign-up bonuses from bank, credit cards for stock trading
5) Open a brokerage account - This is the baby step. It starts with opening an account with etrade, motif etc. They come with lots of training and tutorial. Develop skill as knowledge provides best moral support
However, based on our analysis there are certain factors that really do form a very big moral support for a stock trading beginner. We want to share our views and keep this post totally original. So, we guarantee this will be fresh with whole new ideas
1) Attempt to make money in side jobs - This is absolutely true. The major hesitation that prevents us from entering stock market is fear of losing. Full-time income always comes with lots of emotion as we work like hell to make money. Hence, best thing would be to take up some part-time jobs like babysitting, tutor, online blogging, part-time receptonist etc . Attempt to invest first $100 earned part-time on your debut stock trading
2) Try to trade Large cap stable stocks - As a newbie if you attempt to buy and sell risky stocks it might or may not leave your initial investment in place. So, go for safest large cap stocks first few weeks, months and attempt to trade for little profits. All of us read the first trade by buffet on pepsi stocks. He did repent for selling this too early. To overcome psycological fear you should see money in returns. So, as long as the return is more than bank interest chose to sell it short for moral boost
3) Read news daily - We advice to stick to standard news aggregator like Google Finance, Yahoo Finance. Develop habit to spend 10 mins minimum daily on reading news. This includes weekdays, weekends. A good stock investor must read a lot, should analyse and visualize future
4) Free money for stock trading - Every month you earn cash back rewards. Every quarter look at amount of cashback earned. This is tax free money. Use this for stock trasing. Also, use sign-up bonuses from bank, credit cards for stock trading
5) Open a brokerage account - This is the baby step. It starts with opening an account with etrade, motif etc. They come with lots of training and tutorial. Develop skill as knowledge provides best moral support
