facebookAny recommendations for the beginner in stock trading? - Seedly

Anonymous

18 Apr 2019

Stocks

Any recommendations for the beginner in stock trading?

I was informed by some friends that there are advisors like Dr. Wealth who helps to guide me investing. I don't have any idea about these. He told me that I have to pay for the classes. Is it worth it? Should I proceed with this as a start? or should i learn the basics and a sign up for a demo account to go further? Pls give me some advice.

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Nicholes Wong

13 Feb 2019

Diploma in Business Management at Nanyang Polytechnic

You should start from blogs and google first to understand the basics. Then once you understand then you decide if you wan to go for classes. It will be more beneficial for you if you go to the classes with some knowledge than not knowing anything. Remember you have to not only learn about stock trading. You have to also learn about emergency fund, risk appetite, asset allocation and so on. It is all related to personal finance and its important to have some knowledge so that you can maximize your profit and also reduce your risk and losses if it occur.

Ashley Wong

13 Feb 2019

Financial Assistant at Multi Management & Future Solutions

  • Be thorough with trading basics by referring to sites like investopedia
  • Learn how to manage risks.
  • Do not invest more than you can afford to lose.
  • Do not get too emotional in trading.
  • Maintain risk to reward ratio.
  • Do not get too greedy.

Some good books to read -

  • The Little Book that Still Beats the Market
  • The Little Book of Common Sense Investing
  • The Intelligent Investor
  • The Millionaire Next Door
  • The Five Rules for Successful Stock Investing

Yes, you can start with a demo account before risking the real money.

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