How To Be Successful On Stock Market

Many people put off investing because they think investing in the stock market needs a lot of money to start. But, this is just not true. You can just start your investment with as little as Rs. 500/- per month. The key to create wealth is developing good habits like regularly investing small amount in the share market every month. If you make a habit of investing regularly you will be in a much stronger financial position in the future. Find the right broker - In India, people trade stocks on the following two platforms: a) Bombay Stock Exchange(BSE) -Established in 1875, it’s the oldest stock exchange in Asia. b) National Stock Exchange(NSE) - This is the largest stock exchange in India. However, to gain access to these exchanges, retail traders need to register with brokerage firms or Depository Participants(DPs) first. It is important to find the right DP as retail investors will buy, store, and sell stocks through them. They will provide the interface through which you will inte

  The most successful investors were not made in a day. Learning the ins and outs of the financial world and your personality as an investor takes time and patience, not to mention trial and error. In this article, we'll lead you through the first seven steps of your expedition into investing and show you what to look out for along the way. Set Some Financial Goals and Choose a Strategy It's a cliché, but it is true—you must know where you are going so you will know you are there when you arrive. Your goals should be specific and focused. For example, "I want to retire in about 20 years and have a nice, fat nest egg" is not a good goal. A better goal might be: "I am 40 years old and want to retire by age 65. At age 50, I will have built my nest egg (not including 401(k)) to $250,000. At age 55, it will be $350,000. At age 60, it will be $500,000, and at retirement, it will be $600,000." These numbers may be off for you and you probably have other goals, such