How to start trading in share market ?

 How to start trading

In this article we will discuss how to start trading for beginners.

Now a days trading become a fashion in India, now everyone wants to become a successful trader.

Everybody thought it's easy way to become rich in overnight.

Just open a trading account, learn some paid course or view some YouTube videos, follow some telegram channel and that's it's starts trading.

As per SEBI data before pandemic in April 2020 total number of demat account in India has 40.9million,but now it's more than 110million account.

But fact is more than 90% of them loose their money to rest of the trader who are smart and know HOW TO TRADE.

SO before rushing into share market you should learn some basic of share Market.

1.Learn how share market works.

Educate Yourself: Gain a basic understanding of the stock market, including how it works, different types of orders, market terminology, and factors that influence stock prices. Read books, articles, and take online courses to enhance your knowledge, watch YouTube videos about basic of market.

2.Set A financial goal 

Determine your financial goals and risk tolerance. Are you looking for short-term gains or long-term investment? Assess how much money you are willing to invest and can afford to lose.

Set aside a trading fund that you can afford to invest. It's important to establish a budget and ensure you have emergency savings in place before trading or investing in the share market.

3.Open a demat account

Open a brokerage account with a reputed stockbroker or an online trading platform. Compare their fees, services, research tools, and customer support to find the one that suits your needs.

4.Learn and Practice

Many brokers offer demo accounts or virtual trading platforms where you can practice trading without risking real money. Use this opportunity to test your strategies and gain experience.

Create a trading strategy based on your goals, risk tolerance, and research. Decide whether you want to focus on day trading, swing trading, or long-term investing. Determine entry and exit points, stop-loss levels, and profit targets.

5.Finaly when you become ready to start trading,trade that amount money in market which never impact your personal finance.

Start trading with small capital,develope your confidence and phychology with time.

Because in share market,

It's all  about discipline and phycholgy.

You know everything but can't become a successful trader if you don't have discipline,rule, strong phycholgy.

Conclusion 

My last tips to all of my readers is

Never stop learning because it's a never ending process in share market.

Remember:

In real life it's never easy to earn money.

Best of luck

Thank you

Debadata jena