When you are new to the stock or share market, getting some good stock market trading tips is critical to getting out of the gates on track. There are some great stock market investment tips that every new trader should be aware of, especially the number one stock market tip. Then there are the Indian stock market tips that not everyone realizes are the same applicable stock market tips that apply to the US, British or any other global equities market.
Number One Stock Market Tip
The best stock market tip that you can ever receive is to get yourself educated on the stock market – and do this prior to buying any share. The greatest investment you can possibly make is on educating yourself on issues of economy, finance, gains and losses, capitalization of firms, portfolios and other parts of the finance world that many new traders are not aware of. Those who do not educate themselves on the stock market before trading are those who end up broke very quickly.
Stock Market Trading Tips
Here are some free stock market trading tips:
- The second you have entered a trade, create a stop loss order. This way you know that you won’t suffer a loss you cannot recover from. You should do this for EVERY trade. This way you have in place your acceptable risk.
- Decide when you are going to trade. You may want to day trade or ‘swing” trade, but you can’t swing trade when you’re day trading
- Know what your trading strategy is and stick to it.
- Know what you will need to trade (portfolio software, chart software etc.) and decide whether you will use it or not. Warning: some brokerage firms do provide them, so don’t purchase unnecessary tools.
- Once you have setup your brokerage account, fund it only with the money you feel you can afford to lose.
- Familiarize yourself with your brokerage’s platform.
- Keep a trading journal so you know exactly what you have traded on and can easily learn from any mistakes you may make.
Stock Market Investing Tips
When it comes to investing, you need to be in it for the long haul. The stock market is incredibly volatile and those who cannot handle something as “moody” as the stock market should not take part in it. Here is some fantastic free stock market investing tips:
- Investing isn’t gambling, it’s investing. Be patient, stay away from the crowds and invest your money in something that will give you the biggest returns.
- Persistence and resilience is the key to investing. Giving up won’t get you great returns.
- You don’t have to invest all of your money in stocks. You can invest in bonds, money market accounts, gold and silver, Forex, commodities, futures options, etc., also. There are always alternatives, so don’t be afraid to explore them.
- If you are going to have an advisor, make sure they see things the same way you do. There’s no point in paying someone for advice if you won’t use it.
So there are quite a few free stock market tips that can be found on the Internet. A good website for general information on stocks in MarketWatch.com, Yahoo Finance, and many others. These free stock tips will also work on the Indian stock market.