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Well the real question here should be how much pain can you bear to learn the process. Because the term stocks and market covers a big area, you have to select
by moshiasri 11y ago
Well the real question here should be how much pain can you bear to learn the process. Because the term stocks and market covers a big area, you have to select a more specific domain, like bonds,derivatives, stocks, commodities or forex and the learning curve is steeper than the traditional processes like coding or design, plus there is capital involved, if you are a newbie i would advice you to start with "Paper Trading" and read a lot of books.
Do not enter the market, right after you finish a few courses, you will just be chewed up and spit out, and find a book called "A Complete guide to Day Trading" by "Markus Heitkoetter" it is plain and simple with lots of examples, and put "the Intelligent Investor" away for six months at least, that is a good book but is not for now.
I Started three years back when i was in engineering final year, and went on to get the certification as a derivatives and equity trader from the regulatory body.
Good Luck
- n13 11y agoThank you so much! I'll look into that too.
- moshiasri 10y agoYour Welcome my friend, if you need any further info regarding the stock market, fell free to ask, i will be glad to answer. :)
- n13 10y agoThank you! HN doesn't have any option to follow but that's ok. I do have a question for you - Does newsletters/pro accounts (costs around $199/yr) like Motley Fool, Morning star of any help, or those are just sham?
- moshiasri 10y agoWell they are not a sham, but they are not very help full either. look in stock market information is an asset,but if the news is out on any news service, it has already been used and all you are getting are the left overs. Instead of getting glued to the newsletters or pro accounts or even a business news channel, i would advise you to improve your technical analysis skill, because that way you can understand the market movement in real time, and you do not have to worry about being feed some misguided or hoarding news, and you can see the trader sentiment to understand the mood, and movement of the market. and use the news service as an extra source in decision making, plus you need to learn how to read between the lines or in this case listen to what is actually being said. most of the time you will be amazed by the difference between what has been said and what was the actual case. And then there will be days when you would just have to sit back and not buy/sell even a single contract at all, and days when you will go bananas by the sheer volume to transaction or market volume. make your own trading rules, and strategies and then stick to them. dont just give up at the first instance.