Advertiser Disclosure

How to Make Money in Stocks: Intro To Stock Market Trading

Want to Earn Some Extra Money?

  • SurveyJunkie: Earn up to $50 per survey with one of the highest-paying survey sites on the web. Join SurveyJunkie Now
  • Mistplay: Earning money by playing games on your phone sounds like a dream. But this app really pays you for playing new games with cash rewards. Download Mistplay for Free (Android only).
  • Robinhood: This investing app lets you trade stocks and do everything for free and takes no fees — ever. Better yet, if you join through this link you can get a free stock like Apple, Ford, or Sprint when you join (must complete signup).

Odds are that you are looking to make money in stocks and are looking for an intro to stock market trading? If so, you’ve come to the right place.

Trading the financial markets can be a promising prospect yet prove to be a daunting venture. Most newbies are faced with different challenges that make them full of questions such as what to trade, why, where, how, and when to trade.

The good thing is that the markets never run short of opportunities. So, you need to recondition your mindset and not go with the notion that profits are only made when markets are recovering after taking a dip.

The conventional approach to trading sets you on a path where you buy low to sell high. Given such standards, investing in commodities, currencies, indices, and equities is thus a linear progression for most people. They will acquire assets that are at a low price and then sell when prices are favorably high; the difference is the profit.

Today’s market offers a better way of playing the game. It is very volatile and that instability means that prices can go high or low at any given time. As such, trades should find ways of capitalizing on the fluctuations to make profits.

Want free money?

  • Aspiration: Want to get spotted a $100 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $100 just for opening a new debit card. There’s no catch, just use your card to make at least $1,000 in cumulative transactions within 60 days of opening an account. This bank account is legit and only takes two minutes to sign up for an account.

Just know how to foretell the direction the prices your financial assets will take so that you can make profitable trades. It is a concept that most traders use in trading futures and derivatives.

You may find the following tips useful when trading in the financial markets and it will serve as an intro to stock market trading.

Related:
A Beginner’s Guide to Investing In The Stock Market
Millennials Favorite Stocks (Top 10)
The $26,000 Robinhood Stock Market Trading Challenge
Make Money Online By Investing: Beginners Guide

Be Informed And Start With Few Assets

Any experts advice to novice traders is they should read financial news and get updates on various economic indicators. He also says that they should start small, investing in a few assets and sticking to a particular currency, stock, index, or commodity while learning the ropes. The best strategy would be to be informed, gain knowledge about various assets and existing trends in the financial market so that you make smart choices and decisions that set you on the path to success.intro to stock market trading

Remove Emotion When Making Trading Decisions

It may be a hard concept to swallow, but it is one of the secrets of success when trading in the financial markets. The decisions you make should always focus on making profits and minimize your losses. It is crucial that you avoid getting overly excited when making a trade to minimize the risk of making losses. Temper your emotions so that you make your choices and decision with a clear head. intro to stock market trading

Set A Budget And Stick To It

With it comes to setting a budget, the general rule of thumb is to trade with money that will not make you feel the pinch when you make loses. Sage Financial bits of advice to traders is they should have two buckets of cash – one is for strategic objectives or retirement funds while the other is for the daily trading, which should be smaller than the former.

Use Stop Losses

Make use of stop losses when trading because they will help you stop the persistent hemorrhaging of your finances when trades take a dip. It can be hard keeping tabs on the overall market activity; the stop losses are there to shield you from the effects of unexpected reversal in the financial markets.

Start With A Demo Account

You never run before you know how to walk; conversely, you should not be too quick to trade in the primary trade platforms before you learn the ropes in a demo account. Practice makes perfect. Use the demo accounts to learn the mechanics market as you practice on different types of trading strategies before you start investing using actual cash. intro to stock market trading

Bonus Tip:

As you trade, consider the significance of bankroll management in your efforts to make money. Avoid investing more than one percent of your capital in a single trade. For instance, if you are dealing with a $500 bankroll, then divide it into 100 x $5 in trading increments. So, spread your investments across different assets, that way you will be protecting your capital. It is a practice that will cushion you when the financial markets become volatile.


The Best Investment Apps For Everyday Investors

App Rating CommissionsLearn More
robinhood logo

5.0/5 

Free$0

OPEN ACCOUNT
On Robinhood's website

M1 finance

5.0/5

Free$100

OPEN ACCOUNT
On M1 Finance's website

fundrise

5.0/5

0.15%$500

Games that pay you to play. Yes, we're serious.

These 3 apps will pay you to play games on your mobile device:

  1. Mistplay (Android) - If you have an android device, you can download this app and start getting cash rewards for playing new games.
  2. Solitaire Cube (iOS) - Earning money by playing games on your phone sounds like a dream. But this app really pays you for playing solitaire with cash rewards.
  3. Lucktastic (Android) - This free app offers the same daily scratch-off cards that you find at your local convenience store — but here you can play for free and win real money.

OPEN ACCOUNT
On Fundrise's website

public

5.0/5

Free$0

OPEN ACCOUNT
On Public's website

webull logo

4.9/5

Free$0

OPEN ACCOUNT
On Webull's website

Want free money?

  • Robinhood is a free investing app for your phone. I really mean free all around – free to join and they don’t charge any fees to buy or sell the stock. You can get a share of stock like Apple, Ford, or Sprint for free when you join through this link. The value of the free share may be anywhere between $2.50 and $200 and fluctuates based on market movements. You’ve got nothing to lose.
Avatar
John Meeks
John is a freelance writer specializing in finance and entrepreneurship. He also consults clients about financial management and small business solutions.

Related Posts

Do NOT follow this link or you will be banned from the site!