4 Major Tips for Getting into the Stock Market

4 Major Tips for Getting into the Stock Market

Product Rating (opens new win)

Total

4.4
4.4 out of 5
  • Opening Intro -

    Investing in the stock market for the first time can be a mix of exciting and nerve-wracking.

    There is always uncertainty when it comes to stocks, and there are tons of ways to play the game.

-------------------------------------

The last thing you want to do is hop in without knowledge and without a plan. To increase your chances at winning, follow these major tips for getting into the stock market.

Learn the Lingo

Understanding the language of the market can be one of the big hurdles to cross when you first get into stocks. Limit orders, market price, arbitrage, moving averages, technical analysis—these terms can seem cryptic and overwhelming, but don’t let that intimidate you. There are tons of articles and videos and articles online that do a wonderful job breaking down these concepts.

Be an Information Addict

To be successful in the market, you need information. Get familiar with charts and technical analysis, as well as with annual reports that show companies’ earnings compared to goals. Also always keep your ear to the ground concerning news in the marketplace.

Reading stock market charts is great, but it is also extremely important to understand public sentiment and upcoming news about your targeted companies. If you know good or bad publicity is on its way slightly before others, you can stay ahead of any waves.

Choose Your Strategy: Investing vs. Trading

There are different ways to approach the stock market. Day trading means getting in and out of positions in a very short period of time. Day traders may make dozens of trades a day. Swing traders operate more within time frames of days to weeks to months for particular trades. Instead of riding a daily trend, they will stretch that out a bit further.

Investing is completely different than trading. Investors choose a company that they think could bring them profits for years. Investing is less taxing on a daily basis because even though investors should keep an eye on their stock value and be aware of trends, they usually aren’t constantly changing their stock holding positions.

Choosing Your Stock Broker

There are many brokers out there. Selecting the best one for you depends on what features you value the most. For example, a company like Merrill Edge is known for having no minimum account balance and strong customer support. E-Trade has a great reputation for a strong education infrastructure. People like TD Ameritrade thanks to their mutual fund and ETF trading.

other valuable readings:

There are even proprietary trading firms out there like Maverick Trading that recruit beginners, teach them trading strategies, and let them use the company funds to facilitate trades.

There is a lot of money to be made in the stock market, if you do it right. Don’t just take swings in the dark. Know your material. Know your companies. Understand how to read a chart and an annual report, and keep your ear to the ground about any upcoming news that could influence stock prices.

Armed with knowledge, you can thrive in the stock market.

Image Credit: Pixabay

end of post … please share it!

Consumer Tips reference:

GUIDE: lower family care costs
Amazon Bestsellers: Stock Market Investing

Bestseller No. 1
Stock Investing For Beginners: How To Buy Your First Stock And Grow Your Money
282 Reviews
Stock Investing For Beginners: How To Buy Your First Stock And Grow Your Money
  • John Roberts
  • Publisher: Independently published
  • Paperback: 71 pages
SaleBestseller No. 2
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition
787 Reviews
SaleBestseller No. 3
The Neatest Little Guide to Stock Market Investing: Fifth Edition
283 Reviews
Bestseller No. 4
A Beginner's Guide to the Stock Market: Everything You Need to Start Making Money Today
  • Matthew R. Kratter
  • Publisher: Independently published
  • Paperback: 98 pages
SaleBestseller No. 5
Investing QuickStart Guide: The Simplified Beginner's Guide to Successfully Navigating the Stock Market, Growing Your Wealth & Creating a Secure Financial Future
99 Reviews

Last update on 2019-11-13 / Affiliate links / Images from Amazon Product Advertising API

-------------------------------------------------------------------------------------------------------------

end of post idea

-------------------------------------------------------------------------------------------------------------

Helpful article? Leave us a quick comment below.
And please give this article a rating and/or share it within your social networks.

facebook linkedin pinterest

Amazon Affiliate Disclosure: SayEducate.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The commission earnings are used to defray our cost of operation.

View our FTC Disclosure for other affiliate information.

Categories: Investments

About Author

SayEducate Admin

From the administrative staff at SayEducate.com. We hope you enjoy this managing your money and finances BLOG-magazine. Please forward any suggestions or comments regarding the posting or other elements of our site. Thank you.