30 Nov 10 Great Ways To Learn Stock Trading
Introduction
Stock trading is very much in these days and a lot of people are trying to acquaint themselves with this business.
If you are someone who is serious about stock trading then this article is a must read for you.
Throughout this article I will share with you my top 10 ways that you can learn stock trading with ease. These methods are discussed in the headings below.
A Stock Broker Account
“The best thing you can do is to open an account and find yourself a nice and experienced stock broker.”
The best thing you can do is to open an account and find yourself a nice and experienced stock broker. Try to familiarize yourself with the layout and take absolute advantage of the different free trading tools that are available today.
Try Reading Some Stock Market-Related Books
There are many well-known books available on the market that can enhance your knowledge of stock trading. There are also several online forums available that can be utilized to find this kind of information.
Take A Look At Some Articles Written By Stock Experts
One of the best sources of education that is available these days is expert blogs. There are several forums on the internet where you can find good blogs and articles on the subject of stocks. However, ensure that you only use credible websites for this.
Search For A Mentor
“There is no better option for excelling in the stock market trade than having a mentor.”
There is no better option for excelling in the stock market trade than having a mentor. This mentor could be a friend, co-worker or even a family member. However, ensure that your mentor possesses the fundamental knowledge regarding the workings of the stock market. A good mentor will provide you with assistance and will be ready to answer your questions
Idolize The Greats
You should always look up to the people who have been successful in the stock market. To this end, you need to learn about the great investors of the past. Some well-known names which you should read up on are Jesse Livermore, John Templeton and Benjamin Graham. Aside from these, there are several other famous traders as well.
Try To Follow The Market
In order to follow the market, you need to read news sites like Google Finance and Yahoo Finance, etc. If you are looking for more insightful news then it is recommended that you keep a watchful eye on forums like Bloomberg and the Wall Street Journal. Following the market helps you to spot new trends, general business and third-party analysis. Monitoring the market can also be done through your television – CNBC is the best source for stock market news.
Subscriptions
Paid subscriptions are also helpful as they assist in analysis and research. Sometimes, as an investor, it is better to observe the professionals rather than trying to apply what you have only just learnt. There are a lot of paid subscription sites that are available on the web. However, the point here is that you need to find the right webpage for yourself.
Seminars
There are many seminars that are conducted by the most popular stock market specialists of today. You can attend these seminars regularly and they will really help you in the enhancement of your learning. Similarly, workshops should be attended by you as well.
Warren Buffett
“The greatest financial brain of all time, Warren Buffet.”
The greatest financial brain of all time, Warren Buffet, was of the opinion that individual investors should do passive index rather than trying to get the market beaten on their own.
Practice Via A Simulator
To get started in your trading, do not be shy about starting small. If you aren’t ready to start with real capital then try playing around with a stock stimulator.
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