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I want to start trading in stocks, and i know almost nothing

Neha (MBA) (24 Points)

09 January 2015

I want to start trading in stocks, and I know almost nothing in this field, how do I start off?

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22 Replies

CA Konfused (Chartered Accountant & CFA Level 1) (302 Points)
Replied 09 January 2015

If you do not have expert knowledge invest through mutual funds , stock trading can be fun n challenging if you are interested in derivatives like fut & options u may google various strategies for eg bull call spread , strangle , covered call etc....

tax plus (other) (27 Points)
Replied 09 January 2015

hi,

If u intrested in stock market than provide me the connect details,i can help how to work or deal in market.plz provide your details on Taxplus28 @ gmail.com

thanks

Prateek (B.Com(H) PGDBA CA Final) (436 Points)
Replied 09 January 2015

edelweiss and moneycontrol provide dummy account . Start trading first from that account..later on open the account with some broker. Keep in mind intraday can give u quick profit and can also wipe out your money also

Basant gupta (student) (23 Points)
Replied 09 January 2015

hi if u are interested in share market so u r use in riddifmoneycontrol.com

Dillip (Sr. Accountant) (22 Points)
Replied 09 January 2015

Trading in share market id just like Gambling of cards. All depends on luck

CMA MUNIKOTI CHANDRA SEKHAR (MANAGER) (92 Points)
Replied 09 January 2015

Dilip is right

Raghav Behani (Chartered Accountant) (944 Points)
Replied 10 January 2015

Hey, I guide new comers in stock markets with free courses, demos, etc. Feel free to check my webiste https://www.dalalstreetbulls.com for articles. I can also help you open a low brokerage, online trading account and guide you with the process. It is a highly rewarding and learning field. All the best.

UMANG SHAHI (student) (98 Points)
Replied 10 January 2015

hello, acc to me...you can usw following steps... 1. know the difference between investment,speculation and gambling. 2. read some stock trading books for knowledge but in trading, make your own strategy. 3. stock market is a big NO for short profit. 4. you should read security analysis book and make your virtual portfolio. 5. before investing( which i must say rather than speculation or gambling) see the pulse of stock market by moneycontrol( i prefer it best). 6.visit the sites like valueresearchonline.com 7. after 6 month doing the above...you may invest! hope this will help you. regards, umang shahi!

CMA Sushant Telkikar (-) (259 Points)
Replied 10 January 2015

The trading in stock market is not gambling. You can try patshala on NSE site. It will help you.

Aditya Agarwal (Senior Financial Analyst) (31 Points)
Replied 10 January 2015

Learn the strategies first from various resources.

ajjay (accountant) (29 Points)
Replied 10 January 2015

you can contact me for trading advise & calls for monthly charges of Rs.1700/- per month. -Ajjay - producttechnicals.blogspot.in

ajjay (accountant) (29 Points)
Replied 10 January 2015

you can contact me at- producttechnicals @ gmail.com or call at +91-9935680474

shrinivas (ca) (48 Points)
Replied 10 January 2015

Better to invest on mutual fund no risk involved comparing other markets

Ranu (Finance Professional) (21 Points)
Replied 12 January 2015

I think, you should follow this instructions.

You could get free basic trading tutorials (how to buy/sell,equity,options,stop loss,shorts etc).
Pick a popular mutual fund and see where they are investing and continuously follow them.
I would suggest to invest on big companies at the beginning to be on the safe side until you get a hang of the market.
Lot of things can effect a particular scrip/market (For example Iraq militants attack effect -> market went down). I advice you to follow news.