How to start your first trade in stock market
Step 1: Think about both side of coin:- Set your investment size, Understand your risk tolerance(what you are willing to lose and hope to make).In any game one party will win and second party will lose. when you are ready to make or lose money then start investing in stock market. There is no exact rule of gaining money in stock. be realistic.
Step 2: Understand volatility of Market :- In simple words volatility means higher uncertainty or risk. there is chance to gain alot and there is also chance to lose alot.
Higher volatility means that security's value fluctuate dramatically in either direction. Low volatility means that the price of the security does not fluctuate dramatically.
Step 3: Follow Market Trend:- News, magazine and different software( investorz chart, investor plugin, etc) can often inform you where market pricing is going.
Step 4: Set target according to the market:- You should set target where will you stop if you are making money or losing money. Mind it market is always not growing or falling. growing or falling always depend on market situation.
Step 5: No idea of market:- If you don’t have any idea of market so don’t invest by yourself. Consult online brokers or telephone brokers. just be careful about commissions.
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