How to invest in stocks safely and successfully for beginners
As one of the attractive investment channels and extremely high interest rates, stock trading is now becoming a very hot trend. However, many people still find it difficult to approach this investment method. So how can I look up the most useful and fastest stock information?
The shares in the article below will provide you with a safe and successful way to play the stock market for beginners. Let’s find out now!
Preliminary understanding of terms related to securities/stocks
The first step to playing stocks and stocks for newbies is to equip yourself with a lot of knowledge and experience. The first is the terminology related to securities. Although there are many concepts, it is not necessary for investors to understand them all. Instead, at first you should only learn the basics of stocks and shares.
Next, you should equip yourself with knowledge of economics and finance, such as stock indexes, macro-financial indexes or corporate financial parameters, ..
Open a securities account and participate in trading
To participate in stock investment, investors must first open an account at a securities company. Accordingly, there are many securities companies in Vietnam today, it is best to choose a reputable company with a position. At the same time, these companies will also have good consulting services and quality.
After setting up an account to trade securities, investors need to transfer money to the account. There will be many ways to deposit money such as: going to a securities company directly, online or by bank transfer, etc. Accordingly, the amount you pay will depend on your financial situation and not necessarily much.
And when your stock account has money, you can buy securities. You can place orders directly at the floor, via phone or online trading software.
Learn how to read stock price lists
To be able to trade stocks, the next step is to learn how to read securities electronically. Accordingly, on the electronic board, there will be a symbol of the company’s stock code, trading volume or allowed price ranges, etc. By reading a good stock price list, it will help investors easily. Real investment experience.
Read also: 3 Turnaround stocks to keep an eye on
Constantly looking for information about stocks
It can be said that the stock price will have a great relationship with the “health” of the company, the development ability as well as the trading situation in the market. So to trade better, you need to know this information and data. And depending on the investment style, the approach to data will be different. But basically, the research data will include the following:
The first is an overview of the business: what field is the business in, its position in the market, are its products popular with users, etc. In addition, the situation of production and business of the company, how favorable is revenue growth, asset structure, management, ..
And there is also the situation of buying and selling of major shareholders, price charts, trading volume, etc. At a glance, you will surely feel overwhelmed, but if you get acquainted, you will surely hold these issues in the palm of your hand.
Hone your skills and build the right investment strategy
Perhaps this is the most important content for a professional stock investor. Accordingly, it is the experience and investment method that will largely determine the success rate. And an effective method needs to meet the following contents:
Choosing a business: how you choose stocks and depending on the method, each investor will give different criteria. Besides, you also have to choose the right time to trade, and also need to manage your portfolio well to help you keep your profits when investing in stocks.
And these are the most basic steps to help you participate in the stock market. Hope it helps you a lot, good luck!