The stock market is a confusing place to invest. Movies and news shows make it seem like you need to have a lot of knowledge about it to make money. There are some tips that can help you get started. You need to understand the rules of the market and why the prices go up and down.
The first tip is to keep a list of 8 to 10 stocks that you would like to invest in. You also need to research corporate events and technical levels. You can use the internet to find support and resistance levels for stocks. You can also learn fundamental concepts and stock market jargon. Make sure to have a few shares in your wish list so that you can get a feel for the market.
Another tip is to always research your stocks thoroughly before you trade them. If you’re trading in an intraday call, make sure to understand what the news about the stock is about. This will help you make better decisions. You should also know the trend strength and when to exit a position. By using technical analysis, you can make smarter decisions when you’re trading.
You can also download free books and subscribe to newsletters that are geared toward investors. There’s even an app for this. You can browse the portfolios of professional investors and personal finance bloggers.
