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As with most things in life, it’s simple – learn how and the jump in and do it. Hesitation is dangerous, as you are wasting valuable time in delaying investing. The share market is an amazing vehicle for your investments, and it makes no sense at all to wait for a better time. It really is not as simple as – Find a broker, follow their instructions on depositing money, and tell them what to buy.
Gone are the days when only the rich and institutions like companies held portfolios of shares. These days shareholders come from all walks of life, but all want the same thing – to accumulate wealth and profit from their investments. And it is possible – if you formulate a plan, a strategy that you will follow no matter what. That is the key to investing in shares – set the trade and then leave it.
If you have a good trading plan then you’ll already know if when and how you’ll be exiting the trade at the time you enter it. The guesswork, stress and constant monitoring is removed from the equation, and you’ll ultimately make better trading decisions this way. The share market often operates on innuendo, rumour and knee-jerk reactions to news items. My advice is to ignore these bumps in the road – any price fluctuations will normally be minor and relatively short lived at any rate.
So it’s as easy as selecting a stockbroker, placing the trade… but most of all having your iron clad trading plan so that you will not make emotional decisions which will be detrimental to your trading. Most of all, keep learning – read, and listen – but most of all enjoy!