Tutorial Forex

This is the final part of the series on principles of investment in the stock market. The last seven principles was discussed in the past articles. We will be discussing the last three principles in this article. Visit my blog if you want to see the whole article.

8.) Study Study Study !!! – You have to do a lot of study if you want to be a a successful stock market investor. Don’t expect that you can just place in your money and hope that it will somehow grow. Read a lot of books and materials on the stock market. I started out this way. I searched the internet for materials on the stock market, especially the Philippine stock market. The Philippine stock exchange has an “investor’s primer.” I bought this material and other stuff from them.

Attending seminars on how to trade in the stock market can further add to your knowledge. Some brokerage firms conduct free seminars for those who are new investors. Last year I attended a 2 day seminar by CITISEC Online. They are one of the most active, most innovative and well managed brokerage firms in the Philippines. The information that you learn in the seminar will certainly help you in your quest to succeed in the stock market. Continuous study is required if you want to be successful in investing in the stock market. Do not not stop learning.

Do the best you can to read all the materials out there and attend all the seminars if possible. Do not give up just because you encounter terms that you could not understand. For example when you went over this article you would probably scratch your head since there are terms that are difficult to understand. Terms such as “points”, Philippine Stock Exchange Index (PSEi), “Blue Chips” or “Bull run” may sound foreign to you. Add to the fact that you don’t even understand what a stock is and how it works. So what ? When I first began I did not even know what these things are.

You can never learn these things in school. However I learned these things by reading a lot about the subject and through experience. In order that you might be inspired, I suggest you watch the movie “Pursuit of Happyness.” This inspired-by-a-true-story movie is about a man who overcame all odds to learn the stock market letting him make millions later on through stock market trading.For sure, you will be inspired by watching the film.

9.) News Clues – Know today’s news and use them to your advantage. There are a thousand factors that are in the news that will definitely have an effect as to which direction the market will take. The most important page that an investor should read is the business page. This will give you an idea as to which stock should be bought or sold. My preferred daily news reading is the Philippine Daily Inquirer. I get ideas here on the possible directions the market will take.

10.) You must start now – The best way to learn is to experience it yourself. Start small if you wish but start now. Don’t procrastinate. However don’t rush immediately without studying how to go about it. After you have at least learned the basics of investments then you can start buying your first stock. There’s nothing more exciting when you have made your first sale at a profit.

Would you like to know more about investment strategies ? Visit the blog of Zigfred Diaz where he writes about several interesting topics such as investments, financial management, business, making financial online and Stock market investing