How To Learn To Play On The Stock Exchange

Table of contents:

How To Learn To Play On The Stock Exchange
How To Learn To Play On The Stock Exchange

Video: How To Learn To Play On The Stock Exchange

Video: How To Learn To Play On The Stock Exchange
Video: Stock Market For Beginners 2021 | How To Invest (Step by Step) 2024, December
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Currently, ordinary people can play on the stock exchange without the help of a broker. It is enough just to own a computer with Internet access and some start-up capital. Many people associate earnings on the stock market with gambling and believe that there is nothing to do here without luck. This is not true. Of course, some elements of the game are present, but only at the very beginning, until you learn how to play on the stock exchange and correctly analyze the market.

How to learn to play on the stock exchange
How to learn to play on the stock exchange

Instructions

Step 1

Read the literature on the topic of the stock exchange. You don't have to buy a lot of books, you can just use the Internet, which has many useful articles on this topic. Learn the main trading terms and understand the market processes. It is difficult to study literature without practice, but before that you need to decide on a broker.

Step 2

Start by looking for an investment or brokerage company that will act as an intermediary for participation in the exchange trading. Analyze the proposed tariff plans, methods of depositing and withdrawing funds from the trading account through which the purchase and sale of securities will be conducted. Be sure to talk to a representative of the brokerage company, find out if the company offers special courses on learning to play on the stock exchange. If possible, sign up for them.

Step 3

Practice on a demo account. Most brokerages offer their members the opportunity to play live on a demo account. This will be a great practice for you to learn what you have learned. Learn to place bets, predict the movement of quotes, close positions on time. Only after you have successfully traded on a demo account for a week and are satisfied with your results, you can start real trading.

Step 4

Put a certain amount into your trading account. It is she who will be your start-up capital. It is best to start with a small amount that you will not mind losing if you lose. Remember that a trading account is not a demo account. The general trading mechanics are identical, but in the case of a real account, you will have the most important opponent - your emotions. Fear, uncertainty, doubt, excitement and much more. Learn to control them, otherwise your path is closed to the stock exchange.

Step 5

Don't be discouraged if you lost your first start-up capital. Statistics show that 98% of traders lose their first money. Consider this moment as a learning stage. After all, you now feel the difference between demo and real accounts. The main thing now is to correctly understand what caused the loss, so as not to make the same mistakes in the future.

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