When it comes to the stock market, many view it as a fast
track to making a lot of money. This may be so, but only in case of the people
who make the right investments at the right time. Now, some people have a
natural flair when it comes to financial matters. Their sharp instincts and
experience works for them most of the time. However, not everyone has this
knack. This is why it is important to educate yourself about the working of the
stock market and do a lot of ‘research’ before you actually indulge in any online trading in India. It is important to know the
kind of stock trades you can make, how to discover any hidden fees your broker
may be charging etc.
You also need to learn and know about stocks, stock prices,
what causes the stock prices to fluctuate, all about dividends and so on. You
need to go through a lot of websites and books to understand how online equity trading actually works. You need to
know that the National Stock Exchange (NSE) of India is
located in Mumbai and has a contemporary fully automatic screen-based trading
system. It has more than two lack trading terminals that facilitate investors
all over India to indulge in NSE trading. The NSE deals in equities,
derivatives as well as debt.
It also deals in exchange traded funds. The NSE uses the most
advanced technology application that boasts an up time record of 99.99%. It
processes on a daily basis, over 450 million messages with a response time of a
sub millisecond.
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.