Share Trading: Tips For Beginners In SA
 

Share Trading: Tips For Beginners In SA

Share trading is a great skill to learn and can prove to be very beneficial. If you are new to the world of share trading, you may feel a little overwhelmed by the complexities, so here are some helpful trading tips for those who are new to it all:

Beginners Guide To Share Trading

  • Before choosing a broker, do your research carefully by looking at factors such as customer service options and commissions. You want to go with a broker that will be able to properly assist you should you have questions.
  • You should try and buy shares regularly (around every month), because if share prices are down and you buy the same companies, you bring down the average price of the shares.
  • Put money into your new account that you can afford to lose, as you don’t want share trading to get you into financial turmoil. This is especially important for beginner share trading.
  • The world of share trading can be quite complex, so do as much research as you can in order to improve your knowledge and skills.
  • Look for stocks that are well priced within your price range, meaning stocks that are priced so that you can purchase at least 100 shares of them at a time.

Placing your first trade:

Place your first trade carefully and in order to be sure you’re getting the price you want in a market which is continuously rising, use a limit order, which limits the top end you’re willing to pay. You also need to consider what your future selling prices will be.

Be prepared:

Last but not least, you need to be prepared for both gains and losses. First time share trading will most probably be something that you learn from, so that you can become better at it in the future.

Happy trading!

 

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Share Trading: Tips For Beginners In SA
Article Name
Share Trading: Tips For Beginners In SA
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Share trading is a great skill to learn and can prove to be very beneficial. If you are new to the world of share trading, you may feel a little overwhelmed by the complexities, so here are some helpful trading tips for those who are new to it all
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Likemoney.co.za


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