Unpredictable is the right describing word for the stock market. Yet it attracts majority of the people all around the world, whether doing it is as a hobby or earning as a living. At any instances, everybody has been a new comer to this field.
There is so much to learn, so many new terminologies- price earnings ratio, bull market, hot stock market, dividend yield, short selling, bear market and the list goes on.
Not just this, investors and brokers since years are playing in various types of stock market naming them to varied categories like Cash market, Capital market, Stock futures, Nifty futures, Derivative market, Primary market, Secondary market and Options.
But the bottom line is you want to get started. A colleague at work doubled her money in less than one week, the guy next door has doubled his money in just couple of months, and you feel like you are being left behind.
So where do you start?
Simple, get an education from the stock market mentor, this doesn’t mean you have to enrol to some educational institution.
Mentoring can be earned through various resources like reading books based on it, financial reports and lastly Internet which is packed with the huge resources on the stock market workings. Also, you can assist an investor or broker to learn the techniques and the tactics of the stock selling and buying.
Don’t take it wrong- unless you don’t learn it there is no substitute to earn profits. With the better background information, you are better prepared for it because; this is the education that should be on-going and make sure that it remains so.
Find a Stock Market Mentor
Today there is much speculations heard about the stock market and there is a quite a change in people’s mind-set about it. Now more and more people are seen indulging in stock market for so over many reasons. Thus, there are now several educational places opened, that educates people about the stock market.
Other than that, find someone who has practical investing experience, and you trust with your money. This could be a relative, a friend or anybody who you feel comfortable learning. It will be a great benefit if you do not have to make your investment decisions in total isolation.
Taking in the Long Stride
Even if you are still learning, try to do little trading independently. This will built your confidence. Getting started with small trading will benefit you in many ways it is advisable since it is notoriously difficult to predict the direction the stock prices will take and hopefully it give you some things to think about.