Everyone wonders how to make money in stock markets fast believing it to be an easy place to mint money. But the truth is something else, it's one of the most competitive businesses, it's a place where war between bulls and bears is perennial, a fight where the enemy is invisible and their might unfathomable.
Most of the participants grumble about their losses and blame the market to be rigged. But the truth is a small coterie of traders collect all the money; the secret is they are doing things differently. Let's try to analyse a couple of rules required to win the markets.
1. Invest in training and skill acquisition
Success comes with acquiring right set of skill sets and their application with conviction. Just as any profession in the world requires certain number of hours of education and training be it learning to drive a car or Medicine, Engineering, Law, Accounting or any profession, similarly delving in stock market as well requires training and education.
Fundamental analysis and Technical analysis of stock market comes handy in making one successful in stock market. It provides one with rational approach rather than depending on gut feeling, hot tips,misleading offers etc.
2. Philosophy to practice
"Take care of losses and profits will take care of themselves"
Professionals focus on limiting their losses rather than making profits. We should be aware that our resources are limited and we can remain alive till our resources are intact, judicious use of funds with Endeavour to always cut losses short and let the profits run can make one successful. It may be summarized in four words "Practice Sound Money Management"
3. Planned behavior
One must acquire winning Trading psychology and train one's mind to act like a pro, it's all a mind game which play tricks between extreme fear and greed.
Every trader or investor must plan their trade, think about the risk involved and assess ones appetite first before entering any trade.
One should avoid sudden temptations of trading and unnecessarily creating overleveraged positions. Proper objective setting and writing suitable blueprint of Trade plan is imperative.
4. Right Tools
The importance of right tool cannot be undermined in any battle. In stock market as well one should take care to acquire proper softwares, hardwares (News wire, Charting, data, trading terminal, low commissions, ) and deal with credible service providers whose cornerstones are transparency and proper accounting.
After acquiring the necessary skill sets viz knowledge of Technical analysis or/and Fundamental analysis, Money management skills, Proper trading psychology, Tools and, the most important part is their application with discipline and conviction. One must not forget to set rational, achievable and realistic goals and treat trading and investment like a business not gambling. Last but not least , learning any art requires time, so one should have patience and perseverance to practice.
Most of the participants grumble about their losses and blame the market to be rigged. But the truth is a small coterie of traders collect all the money; the secret is they are doing things differently. Let's try to analyse a couple of rules required to win the markets.
1. Invest in training and skill acquisition
Success comes with acquiring right set of skill sets and their application with conviction. Just as any profession in the world requires certain number of hours of education and training be it learning to drive a car or Medicine, Engineering, Law, Accounting or any profession, similarly delving in stock market as well requires training and education.
Fundamental analysis and Technical analysis of stock market comes handy in making one successful in stock market. It provides one with rational approach rather than depending on gut feeling, hot tips,misleading offers etc.
2. Philosophy to practice
"Take care of losses and profits will take care of themselves"
Professionals focus on limiting their losses rather than making profits. We should be aware that our resources are limited and we can remain alive till our resources are intact, judicious use of funds with Endeavour to always cut losses short and let the profits run can make one successful. It may be summarized in four words "Practice Sound Money Management"
3. Planned behavior
One must acquire winning Trading psychology and train one's mind to act like a pro, it's all a mind game which play tricks between extreme fear and greed.
Every trader or investor must plan their trade, think about the risk involved and assess ones appetite first before entering any trade.
One should avoid sudden temptations of trading and unnecessarily creating overleveraged positions. Proper objective setting and writing suitable blueprint of Trade plan is imperative.
4. Right Tools
The importance of right tool cannot be undermined in any battle. In stock market as well one should take care to acquire proper softwares, hardwares (News wire, Charting, data, trading terminal, low commissions, ) and deal with credible service providers whose cornerstones are transparency and proper accounting.
After acquiring the necessary skill sets viz knowledge of Technical analysis or/and Fundamental analysis, Money management skills, Proper trading psychology, Tools and, the most important part is their application with discipline and conviction. One must not forget to set rational, achievable and realistic goals and treat trading and investment like a business not gambling. Last but not least , learning any art requires time, so one should have patience and perseverance to practice.