Hello. I recently entered the share market and found out that most people are not able to make profits from the stock market. Can you give some basic tips for new investors that can help them to succeed??
What are some basic share market tips for newbie investors?
New to the stock market? Here are few tips for the newbies:
Do’s for the beginners:
- Start small
- Diversify your portfolio
- Do a proper study/analysis of stocks before investing
- Know what to expect from the market (have realistic goals)
- Invest continuously and regularly increase your investment amount
- Have discipline and follow your strategy
- Ignore beginner’s luck (In case you made few bucks initially totally by chance)
- Read books and continue your education
Dont’s for the beginners:
- Never invest based on free tips or recommendations
- Avoid blindly following the crowd (herd mentality)
- Avoid frequent trades
- Do not under-diversify (too-few) or over-diversify (too-many) your portfolio
- Ignore short-term market fluctuations.
Also read: 7 Types of Risk Involved in Stocks that You Should Know.
I hope it helps. #HappyInvesting
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You need to study the theory of the stock market first, and only then proceed to practice.