trading stock tips , As a new investor, be prepared to take some small losses. Always cut your losses at 8% below your purchase price. (read our stop loss orders guide) Persistence is key when learning to invest. Don’t get discouraged. Learning to invest doesn’t happen overnight. It takes time and effort to become successful at it. When getting started, it is important that you pick the right full service or discount . If you use a broker, make sure he or she has a good track record. As a beginner, set up a cash account, not a margin account. It only takes $500 to $1,000 to get started. Experience is a great teacher. (Read our Investment Guide to Proper Portfolio Allocation) Avoid more volatile types of investments, such as futures, options, and foreign stocks. Concentrate on a few, high-quality stocks. There’s no need to own twenty or more stocks. Don’t get emotionally involved with your stocks. Follow a set of buying and selling rules, and don’t let your emotions change your mind (see 50 Ways You Know You Are An Emotional Investor). Don’t buy a stock under $15 a share. The best companies that are leaders in their fields simply do not come at $5 or $10 per share. Learning from the best stock market winners can guide you to tomorrow’s leaders. (navigate our stock chart examples archives) Always do a post-analysis of your stock market trades so that you can learn from your successes and mistakes. A combination of fundamental and technical investment styles is essential to picking winning stocks. Fundamental analysis looks at a company’s earnings, earnings growth, sales, profit margins, and return on equity among other things. It helps narrow down your choices so that you are only dealing with quality stocks. Technical analysis involves learning to read a stock’s price and volume chart and timing your decisions properly. To make big money, you have got to buy the very best companies at the right time. Strong sales and earnings are amongst the most important characteristics of winning stocks. Buying a stock as it is coming out of a price consolidation area or base is crucial to making large gains.
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