Traders who have been involved in the trading market system
for some time share stock market trading tips with beginners. They sympathize
with the latter because they were once where they are now. Every trader started
out as a beginner. They wouldn't have survived the online market system had it
not been for the trading tips they received from experienced traders. It only
makes sense to pay it forward.
But they cannot rely on stock trading tips from other. They
must also read on how the trading market works. By familiarizing themselves
with the market, they can easily go about it. Once they are confident in their
trading skills, then they can venture out on their own. They won't be that
scared of losing because they know for sure that they're making the right
decisions.
Nonetheless, it still helps to have a couple of stock
trading tips in their heads. Here are some.
1. Do not buy stocks in small volumes. If you have enough
capital and you can spend these in huge volumes of the stocks that you have
been eyeing for quite some time, then go for the latter. If you buy in small
volumes, you have a higher chance of incurring higher stock trading fees. Think
of the profit that would have just been yours as opposed to letting this go to
VAT or the broker's commission.
2. Take note of the transactions costs when you buy and sell
stocks. Each time a transaction is made, buying or selling stocks, traders
incur additional costs which are the transaction fees. It is more expensive for
traders to sell stocks than buying these. Selling stocks have higher
transaction costs.
3. Be mindful of the stock trading hours. Trades are
volatile during the morning in the stock market system. Therefore, do not post
many orders when at the start of the day. Take the time to monitor stock
trading so you won't post orders that you cannot handle. Stick to the stock
market trading basics. Buy when the price goes down and sell when the price
goes up. Ideally, post orders in the middle of the day which is 10 am to 11:30
AM in order to have an overview of stocks worth investing in.
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