16:55 12 March 2013
A lot of people feel intimidated when stock trading or share dealing is being talked about. A lot of us feel that this isn’t something for ordinary folks but only for high-powered, extremely wealthy individuals. Well, that’s not the case. Share dealing can be for everybody.
Well, not for everybody. It is for people who are willing to exert effort to understand the market. If you have the money but you don’t understand how the market works, you might find yourself penniless.
If you intend to grow your money through stock trading, you must understand not just the market but also the trend and the elements that affect the movement of the prices so you can easily make educated guess on what to buy and sell in order to make money.
New stock investors usually come in one of two forms; the gambler or the go-getter.
The first one considers stock market as a glorified form of gambling, while the second one focus on long-term holding as he believes that this is the only way to make money in the stock market.
You can’t be either one of them. You must be careful when getting into stock market. Arm yourself with skills and knowledge. Know when to buy and sell.
Diversify your portfolio and stick with “blue chips” companies. These are just some of the things that you need to practice in order to increase your chances of making money through share dealing.
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