Published on June 12, 2013
7 Steps Demystifying Stocks for First Time Investors
Introduction If you are facing the right direction, all you have to do is keep on walking. Your investing experience begins with the first trade you place. Like many first steps, the first trade on the stock market is a rite of initiation. There are a million reasons to select a stock, and therein lies the problem. We present to you 7 simple steps to start your trade
Step 1 Look around you to see if there is a company that seems to be selling products faster than others or an unmet need being fulfilled
Step 2 Look up the promoter and see if you think you can trust them
Step 3 Buy a small quantity
Step 4 Now start tracking the price and the news around it
Step 5 Try and read the balance sheet and what the MD's statement is
Step 6 Understand competition and other forces of the industry
Step 7 Start all over again
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