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5 Share Trading Tips You Need to Know

Planning for a career is Share Trading? Here are five things you need to know about Share Trading<br><br>

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5 Share Trading Tips You Need to Know

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  1. 5 Share trading tips you need to know

  2. There are some people who prefer to buy stocks and hold on to them for a long time. They are content with collecting the dividends that come once in a while, while they wait for the share price to grow. But there are many people who like to buy low, sell high and go away counting their profits. This one line does encapsulate the philosophy of share trading – the lower you can buy and the higher you can sell, the more profit you can make. But in spite of sounding so simple, it is not actually. People spend a lifetime trying to master the share market. Stories are legion of how people have lost fortunes on stocks. Therefore when you plan to earn money through share trading, you should act smartly.Here are 5 share trading tips you need to know: 1. Don’t underestimate the power of education. Enroll for a good share market trading coursebefore you begin actual trading. 2. Even after you complete your course, you don’t need to jump right in. There are many broking agencies which offer dummy accounts which you can use without using actual money.

  3. 3. Never invest money taken out from your household monthly expenses. Use only your investible surplus. 4. Start off with baby steps. Don’t try to win everything in 1 deal. Set yourself a small budget for the first six months. When you have seen your own performance of that period, then invest bigger amounts slowly. 5. Set yourself upper limits for both profits and losses. If the margin you have set is 10%, then sell off and book profits as soon as your investments grow 10%, without being greedy. Similarly, as soon as a stock is depleted by 10%, sell off and exit without being emotionally attached to it.

  4. www.mithunsmoneymarket.com/ CONTACT US Call us at +971-503022789 (Dubai) | +91-9037034567 (India) Mail us @ info@mithunsmoneymarket.com

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