Trading in the olden days was all about buying and selling of goods which could be done by even a common man but trading has moved way beyond just goods and taken the space in the stock market.
The trading in stock market started with Paper Trading and then slowly moved to the online version.
Prerequisites for making a living by investing and trading in Stocks
· Patience is the key
· Practice can make you perfect trader
· Have enough money in hand as making profits takes time.
· Understand the market thoroughly before trading it or investing big.
· Learn to operate the DMAT account and trading software application.
· Develop a long term and wide mindset to achieve success in stock market.
Challenges while making a living by investing and trading in Stocks
· Over enthusiasm to book profits during market volatility
· Taking biased or influenced decisions about trading in stocks
· Lack of understanding about market correction or crash
· Not being able to give enough time to revise the portfolio
· Fear of losses while making investments
· Greed not allowing to book the profit at right time
Ways to play safe while making a living by investing and trading in Stocks
· Keep a tab of the market movements through the day
· Understanding of other markets and environment influencing the markets
· First 3 to 6 months is all about experimenting and learning the market and stocks
· Have a diverse portfolio of stocks from different sectors
· Build your portfolio using expert advice from your trainer and mentor
· Don’t give up if faced with small losses. Treat small losses as part of operational cost in this business.
Managing your own investment portfolio can be a very exciting experience. But, sometimes it may be stressful activity specially when market is not in your favor. When you are learning trading and investing, taking advice from a trainer and mentor can help you while you develop your investing and trading skills.
We offer a wide range of Financial Services in Capital Market including training, guidance and mentoring which you can take advantage of our expertise. To understand more on the services you can mail us or call us and we would be glad to help.
For more information visit www.prajinvestments.com or write to us at info@prajinvestments.com.