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Stock Market Tips - How To Make Money On Share Market
Have you come across any person who says:Stock market is only for the rich and not for you? Well, he is wrong. The stock market contrary to the popular beliefis for everyone. That’s right , everyone. Even for college students!
So today I am going to give you tips on howyou can invest in stocks based on how I do.
How to make daily profit in stock market
Tip number 1: “Never invest in a business.you cannot understand.”.
Getting a grip on the basic terminologiesis very important. Understand the basic terms used in the market. This can be done by reading newspapers, bywatching business news channel. Once you know the basic terms, look for anindustry that you can understand. So for example, young people, they are passionateabout travel, technology, food. So after this, identify the top companiesin the industry. Now this is important because investing yourmoney without knowing the in and out of the industry is as good as gambling.
How to make money in the stock market for beginners India
Tip number 2: Having the right mindset.
The greatest investor of all time Warren Buffetonce said that there are only two rules for making money in the stock market
“Rule No.1: Never lose money. Rule No.
2: Never forget rule No.1”
Nowthis rule is quite useful as it prevent you from investing in unnecessary places wherethe chances of losing money is very high. The youth is that age where people are moredriven by emotions. This can make the youth as addictive to thestock market, which will have a adverse effect.
Remember “The stock market is designed totransfer money from the active to the patient.” So be patient and you might end up makinga good money in the long run. Invest your money and forget it for the next4-5 years. Never go for buying a stock today and sellingit the next day.
A study has shown that such people in thelong run suffer huge losses because they buy and sell frequently. “We don’t have to be smarter than therest. We have to be more disciplined than the rest”
How to make money in stock market with little money
Tip number 3: Find a mentor.
A mentor will save you both the time and moneythat mistakes cost. The right mentor will teach you how to sidestepthese mistakes. This mentor can be anyone who has a decentexperience in the market. Your mentor will not only give you the adviceon how to invest but also on how you can manage your finances. So being a college student, you can put awaya portion of your pocket money or your internship money in the stock market. Never invest money that you can’t affordto lose in the stock market. This will also teach you money managementat a very young age.
A beginner's guide to the stock market
Tip number 4: avoid unnecessary speculation.
You will read and watch a lot of “experts”suggesting you which stock to buy or sell. Steer away from such people. Investing in market after considering theseadvices is as good as a gambling. So always look at the value of the companyand not the price of the stock. It’s far better to buy a wonderful companyat a fair price than a fair company at a wonderful price. So these rules are very simple and very easyand you don't need any practice to implement them!
If you liked this article then do like, share,and subscribe to our site to learn more such amazing things. Do comment your story after using these rulesin the comment section! So see you, bye and have a good day!