I hope you will like this new article
Breaking
into and Becoming Successful in the Stock Market Game
If You’re
Interested in Making Lots Of Money, you should seriously consider trying the
stock or commodities markets. If you’ve heard bad things about trading which
discourage you, it’s time to clear up those misconceptions and
rumours.
Stock / Commodities markets can be both Fun and Rewarding to
dabble in: you just need to know the facts about the financial aspects, and how
the markets themselves work.
Read on to discover tips’n’tricks, the dos and don’ts,
and what You Should Always Keep In Mind before you attempt to Buy and
sell.
Never Buy and Sell Frequently!
If you’re
trading your securities all the time, stop!
Trading frequently isn’t
going to make you any more money than you already have – all you’re doing is
making the brokers even richer, as it makes them (and not you) a lot of cash.
Many software gives multiple signals per scripts / commodities, avoid such
software. ( Often brokers keep such software in market or provide to client
to earn their brokerage. Not all brokers are same but yes there are definitely
few ones )
If you’re hoping to become rich by being greedy, dream
on!
And why is that, you ask? The answer is simple: taxes (more
specifically, short-term capital gain taxes) and trading fees.
If you
truly want to make a profit, you’ll need to forge nerves of steel.
Give
importance to Quality and Not To Quantity. Prefer those Software or providers which gives
daily 1 or 2 GOOD tips daily, rather then 8-10 poor
tips.
Stay Away From
Live Software
Have you heard any legends trading with live
market software ? Just think…..more accuracy can be obtained by studying last
few hours / minutes data or More Accuracy Can Be Obtained by Only and Only
Studying Past Few Days Movements……!!!! Think Yourself…What is more accurate less
data ( past few hours ) or more data ( past few days data ) ? Accuracy of tips
remains more if past few days data are studied. If You don’t Believe then try
yourself……
Think……What is More Important To You……Trading with Live
Software OR Profit ?
Don’t Panic – Keep Calm and
Trade On.
If you truly desire to be a stock / commodities market
trader, you’ll need to eliminate your worries and doubts – experiment with your
money!
Of course, you should always remain cautious when trading, but
that sense of caution shouldn’t devolve into fear and act as a shredder for your
nerves, when the situation looks miserable.
Be patient, and await the
right time to sell.
You’ll Be A Winner, Soon
Enough!
Selecting the Right Broker…
Research is
essential when choosing a good broker – in addition to your Internet searches,
any suggestions from your friends and family could also prove useful. When
choosing a broker, make sure that they’re genuine and have a reputable
character.
Since placing trades through the Internet saves you money,
make sure that they allow you to use the Internet as a medium. Those that charge
high fees should be immediately discarded as options, and should be avoided at
all costs – even if they’re genuine, you being charged large amounts of money
does not always mean that you’ll be getting a better service over other
investors. Over time, these significant fees dig deeply into your profit
margins.
To avoid confusion, try choosing brokers that are appropriate
for beginners.
While selecting broker , also see their brokerage plan.
Check that big part of your profit does not goes in brokerage.
If you keep these points in
mind, they’ll aid you immensely when you finally decide to dip your toes into
the trading world.
