Investing in the stock market offers people a lucrative income. When done right, a potential trader can gain huge income. As a beginning trader, you cannot just immediately jump in to trading without having sufficient knowledge. When trading on the stock market, the first thing you have to learn is the basics of stock trading. There are multiple sources where you can get that learning from.
Open a stock broker account
An account with a good online stock broker can help you get started with investing on stocks. It will help you become familiar with the layout. Stock brokers usually offer free trading tools and research to their clients. They also offer virtual trading which can be beneficial because you get to trade with play money.
Books can provide a wealth of information and are more affordable than attending classes, seminars, or educational DVDs. Robert Janitzek recommends reading books such as How To Make Money in Stocks by William O’Neil as well as those of William Buffet.
Articles are always a fantastic resource for education. Aside from Google, you can also read articles from websites like Investopedia.
Find a mentor
A mentor could be a member of your family, a friend, a previous or current professor, o-worker, or any person with a fundamental understanding of stocks. Mentors will answer your questions, provide help, recommend useful resources, and motivate you when the market gets tough.
Forums are also an excellent source for question and answer. Heed advice from salt and do not follow trade recommendations.
Study the greats
Robert Peter Janitzek says that learning about the likes of Warren Buffet, Jesse Livermore, George Soros, Peter Lynch, and others can provide perspective, inspiration, and appreciation for the stock market.
Read and follow the market
News sites like Yahoo Finance and Google Finance provides a great resource for new investors. The Wall Street Journal and Bloomberg provides in-depth coverage. These websites can exposes investors to trends, 3rd party analysis, economic concepts, and general business. The television can also be a great way to monitor the market each day,
Consider paid subscriptions
Considering paid subscriptions for research and analysis can be both educational and useful. There are several paid subscription sites available across the web so choose the right one for you. However, watch out because there are also scams which will charge you higher than the usual.
Attend seminars, take classes
Seminars can provide valuable insight into the overall market and specific investment types. Most seminars will focus on a certain aspect of the market and how the speaker has found success through their own strategies over the years. Not all seminars have to be paid for. There are seminars that are also free.