Stock Market - Basic Principles - Part 4
In this article we will be discussing the last three principles of investment in the stock market. In the past articles we have already discussed the first seven principles. If you want to see the entire article, visit my blog.
8.) Take time to study- Investing in the stock market requires that you should take time to study what it's all about. You can't expect to succeed if think that you can just place in your money and hope that it will somehow grow by itself. Studying a lot of books and materials on the stock market will certainly help. When I first started investing I searched for materials in the internet regarding the stock market especially the Philippine stock market. I bought the "investor's primer" from the Philippine stock exchange. This is a great material for those who are new to the Philippine stock market.
Attend seminars on stock market investments. There are several brokerage firms that conduct free seminars for newbies in stock market investing. Last year, CITISEC Online did a 2 day free seminar. I took the time to attend that seminar. This brokerage firm is one of the most innovative, active and well managed brokerage in the Philippines. The information you will learn in the seminars is very helpful. Continual study is required if you want to succeed in the stock market. Once you stop learning you stop to succeed.
Read all the materials you can and attend all the seminars you can in order to learn. Don't be discouraged when there are terms you could not understand. For example just reading this post alone, you would probably raise your hands and tell yourself not to invest anymore since there are some terms you could not understand. You don't even know what "points" are when I was talking about them in point number 2. You don't even know what the heck is the Philippine Stock Exchange Index (PSEi) or what does "Blue Chips" or "Bull run" mean. Worse you don't even understand what a stock is and how it basically works. But so what? I started out not knowing what some of these things are.
Stuff like these are never taught in school. I only learned them by reading and having a hands on experience in trading. I highly suggest that you watch the movie "Pursuit of Happyness" This is a story about one man's struggle to learn the stock market. Years later he made millions through stock trading. This movie is based on a true story and is sure to inspire you!
9.) News Clues - Know today's news and use them to your advantage. There are a thousand factors that are in the news that will definitely have an effect as to which direction the market will take. The most important page that an investor should read is the business page. This will give you an idea as to which stock should be bought or sold. My preferred daily news reading is the Philippine Daily Inquirer. I get ideas here on the possible directions the market will take.
10.) Now is the best day to start - Some people say that experience is the best teacher. I agree, experience is the best way to learn. It does not matter if you start small at first, the most important thing is that you start immediately. Never procrastinate but don't rush immediately without first studying the basics. When you have already learned the basics of investments, start buying your first stock. The most rewarding thing in your career as a stock market investor is when you have profited from your first sale. - 23226
8.) Take time to study- Investing in the stock market requires that you should take time to study what it's all about. You can't expect to succeed if think that you can just place in your money and hope that it will somehow grow by itself. Studying a lot of books and materials on the stock market will certainly help. When I first started investing I searched for materials in the internet regarding the stock market especially the Philippine stock market. I bought the "investor's primer" from the Philippine stock exchange. This is a great material for those who are new to the Philippine stock market.
Attend seminars on stock market investments. There are several brokerage firms that conduct free seminars for newbies in stock market investing. Last year, CITISEC Online did a 2 day free seminar. I took the time to attend that seminar. This brokerage firm is one of the most innovative, active and well managed brokerage in the Philippines. The information you will learn in the seminars is very helpful. Continual study is required if you want to succeed in the stock market. Once you stop learning you stop to succeed.
Read all the materials you can and attend all the seminars you can in order to learn. Don't be discouraged when there are terms you could not understand. For example just reading this post alone, you would probably raise your hands and tell yourself not to invest anymore since there are some terms you could not understand. You don't even know what "points" are when I was talking about them in point number 2. You don't even know what the heck is the Philippine Stock Exchange Index (PSEi) or what does "Blue Chips" or "Bull run" mean. Worse you don't even understand what a stock is and how it basically works. But so what? I started out not knowing what some of these things are.
Stuff like these are never taught in school. I only learned them by reading and having a hands on experience in trading. I highly suggest that you watch the movie "Pursuit of Happyness" This is a story about one man's struggle to learn the stock market. Years later he made millions through stock trading. This movie is based on a true story and is sure to inspire you!
9.) News Clues - Know today's news and use them to your advantage. There are a thousand factors that are in the news that will definitely have an effect as to which direction the market will take. The most important page that an investor should read is the business page. This will give you an idea as to which stock should be bought or sold. My preferred daily news reading is the Philippine Daily Inquirer. I get ideas here on the possible directions the market will take.
10.) Now is the best day to start - Some people say that experience is the best teacher. I agree, experience is the best way to learn. It does not matter if you start small at first, the most important thing is that you start immediately. Never procrastinate but don't rush immediately without first studying the basics. When you have already learned the basics of investments, start buying your first stock. The most rewarding thing in your career as a stock market investor is when you have profited from your first sale. - 23226
About the Author:
Would you like to know more about investment strategies ? Visit the blog of Zigfred Diaz where he writes about several interesting topics such as investments, money management, business, making money online and Stock market investing
posted by X - Men @ 1:00 AM
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