This article will help you to know how to start investing in stock markets. However there is a very high chance that you already have done mistakes and lost some money. In that case I suggest for now stop trading, learn and then trade.
I have got calls from traders who have lost Rs. 40 lakhs to up to 2 crores. So please do not lose so much money that it becomes hard to recover. Anything above 5 lakh loss is a red sign – you should stop trading here and start learning. I lost a bit more – approx 7 lakhs, but do not want you to lose that much.
The problem with stock markets is that beginners start with too much hope, so much so that they think they will make one core in 4-5 years. Some ask me, if they can make 5-10k a day with just 50k investment. Just think if this was possible then who will go to college?
Treat yourself as a beginner in stock trading if you are trading since years and yet not able to make a single rupee profit.
You do not need too much money to start investing in stock markets but you must know where to invest and how to plan your stock market investments.
Now let me discuss the steps you should take to start investing in stock markets.
First Step: Open a Demat account
You cannot buy or sell a stock if you do not have a Demat account. A Demat account acts like a bank locker where all your bought shares are kept and your money also safely. A trading account is required to trade the shares to buy or sell. There are many stockbrokers today, so it may be hard for you to choose one.
I highly recommend ZERODHA – India’s No. 1 Discount broker. They do not change anything to buy or sell stocks & allow free direct mutual fund investments. No other stockbroker in India offers these facilities. If you open an account in ZERODHA mapped to me then I will help you to learn how to choose stocks to invest for Swing Trading. Which means you will buy the stocks and when they rise in a few days you can sell. To open an account mapped to me just click here and register immediately and start the process to open the account. Contact me when your account is opened.
Once your account is opened do not start dreaming big just because you are now allowed to trade. It takes time to become good at something – give yourself that time.
If you do not want to open an account in ZERODHA, or already have one and want to get the free training in Swing Trading then click here register immediately and open an account in second best discount broker in India – UPSTOX!!! If your account is mapped to me in either ZERODHA or UPSTOX I will teach you Swing Trading stocks.
Anyways, if you prefer any other broker, please do your research before opening the Demat and trading account. The most important should be how much they charge for buying and selling stocks and for trading options and futures. Plus do they charge anything for keeping stocks as collateral etc.
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