If you are listening to people in your compartment who talk about the share market while on your way to work, it means that you are a new investor. A word of caution here, while it is good to listen to people’s opinions about the stock market just don’t merely, blindly follow their views. The Stock Market is a highly volatile environment. It may fall or rise anytime. It pays to be a good listener but it doesn’t to be a blind follower.
Always read your broker’s website carefully. Most brokers often keep a separate segment for their newbie investors. This is a good guide for any new investor to study the market before making any of his investment decisions. However, it is necessary for the brokers to impart the basic guidance in the language of trade. How will an investor understand, if he has to ask questions at every single moment while making a trade?
Stock Market is not a place where one can become rich overnight. It involves a huge deal of patience. The investor must understand that the market is highly unpredictable. Buying and selling requires a huge deal of research and patience before one finally takes a plunge and makes a trade.
Most of the stock brokers have an ideal remedy for this situation. Many of them have online games where an investor can deal in virtual stock market, to understand what stock trading is all about before starting to trade in the actual market. Most of these games have real time stock prices but provide the investors with virtual money so that whatever R&D he does, is totally risk-free. This helps the investor to overcome his initial nerves and invest in the market, using virtual money without any worries or hassles.
Many of these games are freely available online or in various social media platforms such as Facebook. These games have proven to be a blessing in disguise for many investors who didn’t know “A to Z” of the stock market. This has given them the confidence while trading in the stock market and also gives them a chance to conduct research on the stocks they would like to trade in real time.
However, one must remember that playing the game with virtual money is one thing and trading in real time with real money another. Just because one is trading in the market virtually without any real money that doesn’t mean one should be reckless or careless. Always exercise excitement with caution and understanding. Trading is a serious business and one must understand that one can lose their entire life time savings if not trading properly.
Ideally, one should always take the guidance of the Broker and follow his advice. Not only the broker is experienced but also understands the market’s volatility better than the investor.