How to learn how to speculate on stocks for beginners, you can refer to the following information, here are some suggestions for beginners to do stocks, I hope to help you.
A. Understanding the basics of stocks and the stock market
Beginners can read some introductory books or online materials to understand some of the basic concepts and principles of stock investment. Learning about stocks can be done in a variety of ways, here are some common ways to learn about stocks:
Books: Books are the most traditional and basic way to learn. Classic books in the field of stocks include Securities Analysis, Memoirs of a Stockbroker, The Complete Book of Stock Market Manipulation, etc. These classic books are the best way to learn how to invest in stocks. These classic books are the foundation for learning about stock investing, and by studying them in depth, they can help you establish the correct investment concepts and investment methods.
Online courses and educational platforms: There are many online courses and educational platforms that can provide knowledge and skills training about the stock market, such as I want to self-study.com, stocklearning.com and so on.
Investor's blog: There are many investor's blogs that provide knowledge about stock investment.
Financial news and media: You can keep up with the latest news and trends in the stock market by paying attention to financial news and media, such as financial news websites, newspapers and TV stations.
Trading simulators: You can use trading simulators to simulate the process of buying and selling stocks and learn how to invest and manage risk.
Stock investing clubs or communities: You can join stock investing clubs or communities to share your stock investing experience and skills with other investors.
Investing Community: An investing community is a mutual learning platform that allows you to communicate and share your investing experience and skills with other investors. In the investment community, you can learn a lot of practical skills from the experience of other investors, and you can also communicate with other investors to expand your network circle.
Two, simulation trading stocks
The stock simulation trading software allows you to simulate the trading of stocks. It is an application that simulates stock trading through virtual money. Users can trade stocks virtually through this application to understand the basic operations, rules and risks of the stock market. Common stock simulation trading software such as Jellyfish Quantitative, Flush and so on. Beginners can choose stock simulation trading software to download and practice using according to their needs and preferences.
Three, make a trading plan
Beginners to learn the stock, it is very important to make a trading plan, according to the plan implementation. For stock investment beginners, the importance of developing a trading plan is reflected in the following aspects:
The trading plan can help beginners clear investment ideas, establish the framework and discipline of trading. Without a plan, it is easy to be misled by all kinds of information and trade emotionally.
The entry points, profit and loss stops, etc. set in the plan guide the specific buying and selling behavior. This is very important to develop the beginner's trading.
Following the plan also allows you to evaluate the effectiveness of the strategy. Record the actual buying and selling results and compare them with the plan to summarize the experience and improve the strategy.
The frequency of trading and the principle of money management can also be set in advance through the program, to avoid the beginner position is too large to lead to the expansion of losses.
Performing according to the plan can also help beginners develop a proper mindset. If you have a framework to follow, you won't get emotional because of the ups and downs of the market.
The trading plan should also be evaluated and revised regularly. Beginners need to continue to learn and improve, and gradually refine their trading strategies and execution skills.
Four, open a securities account, gradually real disk
Gradually real disk is an important step in stock investment, beginners need to be careful, through the practice of accumulating experience. Stocks beginners how to open a real disk:
Choose to open an account brokerage. It is recommended that beginners choose a larger, better service brokerage account, the best online trading platform. The tariff transparency of the brokerage firm is also more suitable for beginners.
Preparing the account information. The first thing you need to do is to prepare your ID card, bank card, and other authentication information. You can check the official website of the brokerage firm to see what you need to prepare for the opening of the account. The funds can first smaller amount of deposit to test the water.
Learn to use the trading software. After opening an account, you have to learn to use the trading terminal provided by the brokerage firm or mobile App software, including the query, order and other functions. It is best to practice on the simulation disk first.
Smaller funds to test the waters of the real market. Do not rush into the market with large funds after opening an account, you can first use about 10,000 yuan of funds for live trading to familiarize yourself with the process. It is recommended that you choose a blue chip stock with good liquidity to test the waters.
The frequency of the number of transactions gradually increased. The first 2-4 times a month the number of transactions is appropriate, familiar with the frequency of transactions will be increased. Single transaction funds can also be gradually increased, but to control the proportion of funds invested in a single stock.
Record the trading experience and evaluate it regularly. The first thing you need to do is to keep a record of every trade, and then summarize the experience and lessons learned from the trade. At the same time, you have to evaluate the trading program regularly.
Continuously learn and gradually increase your position. Learning and live trading go hand in hand to gradually improve your stock knowledge and skills. Increase the amount of money invested within a manageable risk.
Learning and practicing the above suggested steps will allow beginners in stock investing to start their investment journey in a more systematic way, to accumulate knowledge and experience, to reduce risk, and to increase their success rate. I hope these suggestions will be helpful to beginners, and wish all investors smooth sailing on their stock speculation journey.