Published : May 13, 2020
Most of us are reluctant to start trading mainly because we lack a proper understanding of how the stock market works and how stock trading takes place.
You’ll be surprised to know that understanding and starting stock trading is not as difficult as it seems to be in the very beginning. There are numerous ways through which those interested in stock trading can start learning the basics and begin trading. With sincere efforts, it is not a difficult task to learn stock trading.
The question that now arises is, why do I need to learn stock trading? If you are a student, a professional, or even a retired person, learning stock trading is something that is beyond profession and age. We all have some dreams that we want to fulfill sooner or later in our lives. Some of you must have dreamt of buying your own house, some of you might want to go on a trip to your favorite destination. Some of you might want to save for your child’s wedding or simply for your old age. No matter what your dream is, you need adequate funds for its fulfillment. You need to set aside appropriate funds for the same, and what is better is to start doing so at an early stage.
Many people are also under the impression that they need to invest huge sums of money in the stock market. This notion is completely wrong as you can begin by investing just a small amount of Rs.500 per month. You can start investing in any of the various financial instruments, including equity, debts, bonds, SIPs, mutual funds, derivatives, commodities, or currencies.
Every plan needs to have a backup plan. Similarly, for building your finances, you need to have a backup plan so that you can have a secure future for your family. Starting stock trading and investing in the stock market instills a sense of discipline among investors.
Apart from making you disciplined in your investments, stock trading offers a bouquet of benefits, which are as follows:
How to Learn stock trading in India?
If you are a beginner to stock trading and are looking for ways to learn stock trading, here are 6 simple ways through which you can begin.
Open a Demat and Trading Account:
The best and the first step to learning stock trading is to open a Demat and Trading Account with a stockbroker of your choice. A Demat Account is like a bank account that holds the securities in a dematerialized format. Whereas, a Trading Account is required for buying and selling of stocks. By opening a Demat and Trading Account, you get to learn about various tools and services offered by your broker.
Books are a great source of information when it comes to learning. They are a storehouse of information and are also an inexpensive means of gathering knowledge. In order to learn stock trading, one must read as many books as they can. Books are a great source of systematic and continuous learning. Some books like Basics of Financial Market and A Guide to Intelligent Investment can be read to have a better understanding of how the stock market works.
Find a mentor to learn from:
One of the best ways to learn to stock trade is by following a mentor. A mentor can be a family member, a friend, or a co-worker. A good mentor will always be there to guide you and answer your questions when you start learning to trade. They will always provide you with tips to trade and will boost your morale when markets are tough. Also, you can learn from their past experiences.
Start studying successful investors:
Another great way to learn stock trading is to start studying some of the successful investors. Studying about successful investors gives you an insight into their perspectives, their trading inspirations, and what strategies did they follow to earn good returns. Also, you can study the mistakes they made while they started stock trading and can avoid those mistakes, thereby reducing your losses.
Applying for online courses:
To learn to trade, you can also enroll in some of the top online courses on stock trading. These courses will help you begin from the very basics and will help you learn about the stock market investments. There are many online courses that provide certification as well in stock trading. You can enroll in any of the courses of your choice and become well equipped with the essentials of stock trading.
Read stock market articles:
The last but not the least method to learn stock trading is reading articles on stock markets. You can follow websites that provide blogs and research articles from top market analysts. These articles will keep you updated about the current market situations and will also help you understand how to begin with trading.
Stock trading is one of the best ways to earn good returns on your investments. Though the returns one can generate from stock trading are high, one should not forget that it comes with a certain degree of risk. While starting with stock trading, you need to be cautious about the decisions you make and the strategies you follow. You can use any of the methods mentioned above to begin learning stock trading.
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