I want to deal in shares.?

Question

I want to deal in shares, What is the procedure for getting started.
Please help me out from the beggning to end.Financil condition of my family is ........

Answer 1

Congratulations on getting started. It’ll help you more than you know!

Your first dollars should be spent on getting educated on investing. You don't have to train to trade them professionally, but we are talking about your future here. So the more you learn, the more it'll help you! So let's start there.

You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks!


How to invest depends on what you already know. We'll assume that you're beginning since you say you've got no clue!

A good primer is How to Make Money in Stocks by William O'Neil. You can get it cheap just about anywhere. It’s widely available new or used.

Another good one is one of Jim Cramer's books (he’s got a few).

But books will only get you so far. At some point, you'll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com are both very good companies as is tmitchell.com

For free, you can start by visiting thestreet.com and investopedia.com. That'll get you a pretty good primer so at least you'll understand what the markets are and what a stock is, etc.

If you get a chance, watch Mad Money on CNBC. Don't trade any of his picks until you track many of them over time. Just use the show to get you to understand some basics and get a feel for the market itself.

Next, subscribe to something like Investorsbusiness daily or something like that that can help you identify good stocks.

Once you understand stocks, go to 888options.com. It's a website that'll help you understand options (what they do, how they work, etc). You don't need to trade them, but the more you know, the more you'll see how options can really be the safest way to invest (once you're educated).

For discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter

I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin. Take your time, and let it seep in.

As you get up to speed, you should papertrade to practice (highly recommended). This should help reduce your losses in the beginning as you get used to buying/selling.

You can practice for free on almost any reputable broker site (optionsxpress, scottrade, thinkorswim, etc).

Start slow, then as you figure things out, you can buy more shares.

Congrats again on getting started. If you have any questions, please let me know.

Hope this helps!

Answer 2

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/03f02
It's probably the best way to learn how to win with binary option

Answer 3

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/e3f14

Answer 4

The secret word of trading success is "organized". You can't be successful without a strategy, a plan and some kind of technological support. I use a software called "autobinary signals" that is helping me a lot. There are plenty of them on the market. I recommend this one because it's very easy to use (you don't have to be an expert or have special skills to make money with it).

Check it out here. It's worth it: http://tradingsignal.toptips.org

Answer 5

I had given the following advice elsewhere.

The following are the steps:

1. Open a demat account. Just like a bank account which holds money, the Demat account is an account to hold shares in electronic form. You can open a demat account with any nationalised and private bank. Take note of the holding charges. some of the private banks are exhorbitant.

2. open a trading account with brokers like Religare, Kotak, Motilal, and others. Go for standard ones and not for sub-brokers or franchisies. Take note of the brokerage they charge for every transaction. 0.3% to 0.5% for delivery transcation is good. 0.03% to 0.05% for intra-day trading is good.

3. rather than buy and selling through a website on your own, it is better to do buying and selling through standard brokers like the ones mentioned above. They have advanced softwares like ODIN or ORION. Even that is online. It is better to make it through them.

4. Do not get carried away by the brokers recomendation of any stock. Listen to them but take your own decision.

I personally feel that the indian market has reached a alltime high. Be careful now. I feel you have to wait for a correction which is likely. Go only for Blue chips and A Grade companies. You can find a list of A grade companies in any national newspaper. Even if it falls after your purchase, do not worry. It is bound to come up again.

Very important. Please make sure you do not take any fundings (Loans to trade shares by brokers) before your are fully a seasoned trader.

Since you mention about your family, Please, Please, be very very very careful. Do not make loans to trade shares. Invest only your excess money, that too with due care, only on the Blue Chip companies. Do not get tempted by the promises of brokers.

For gods sake, do not believe that you can make a living out of share trading. Please with less money loss more. More money, great profit. Be careful. Invest your extra money and be happy. Sell them only when you are in profit and not otherwise at any cost. do not hesitate to ask further questions if any.

All my advice are from a "sweet and salt & salt" experience of many years in share trading.

Answer 6

If a person has no knowldge and skills about Forex then it will be very difficult to trade in Forex. But if you use the right software you can make very good profit. The best software is called "autobinary signal". If you aren't a big expert this software is the only way to earn good money in Forex.

Answer 7

if u r in bad finanancil condition, pl keep away from the direct share market investment. u will, in ur desparation will lose money faster than any person in normal condition and state of mind. share trading needs lot of patience and balamced mind. ur mindset may make u a winner or a victim. go for mutual fund route. at this stage do not put all ur money at one go. use SIP route to spread out ur investment over next 6 months and average out ur cost.

Answer 8

Dealing in shares is the task of a stock broker. It is a job that takes time to learn and experience to do it right.

Answer 9

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 10

For this purpose you might have to go to a person who is dealing in shares as you want.try to ask him how to proceed.it is such a business that you can earn heavily and the same is true for losing.You have to be careful.