Best tools to learn about Finance and stock market
Here are few tips for the new traders in the world of finance and stock markets. These tips comes handy if you want to learn about stock market trading. Though how much you learn will largely depends on your efforts and real time experience in trading. These tips might be useful in saving your time and money both.
Reading: As soon as you think about becoming an investor or a trader the first thing you should start is to read,particularly,if you do not belong to the finance related field. Reading news and articles related to finance will help you know the terminology and also strengthen your concepts about various financial parameters. Some of the popular sites from where you can start with are Seeking alpha and Value walk.
Gaining knowledge: There are various websites which provides free knowledge, the best to learn about finance is Investopedia- Educating the world about finance. There is flood of information given in this website. As a learner you will want to quench all your thirst at one go. My suggestion to my readers is take small step at a time to make this learning process long lasting and fun. Search for what you want to know and only when you learn about it, move on to the next article.
Screeners: Screeners helps us to find some really good stocks from thousands of those available in the market. They helps in saving time and we are benefitted by learning about some good stocks. Two screeners which I would like to suggest are Google finance stock screener. And for BSE and NSE traders http://screener.in is the best one.
Simulator Accounts: These are programmes and softwares which are available in apps also. These simulator accounts give you the virtual money to help you learn the stock market trading. The beginning amount depends from account to account. Some websites with the stock market simulators are Investopedia- Educating the world about finance, Market watch. For Indian investors, free online virtual stock market trading game, Virtual stock exchange and stock games are good one. So with the virtual money you are given you can play in the stock market without putting your hard earned money to risk. In this way neither you make real profit nor you incur real losses but you learn from it.
Communities and Discussion forums: there are some communities and discussion forums to help new traders to learn about trading. Here you got to know lot of people and they share some helpful advice as how to look for some great companies. These communities and forums are fre to join and traders can gain lot of knowledge from these.
By following these simple yet useful tips you might be able to learn some great trading techniques. Remember trading is a skill and can be master only by practice.
Happy learning and Happy Trading!!!
