Share market sounds good to make money right ! You know what peoples are only telling you one side of the story. You can eventually loose all your wealth in it. No I don't want to discourage you in anyway, but you need to know the reality as well before jumping into it. Here are some points you need to know before investing in share market.
1. Share market isn't a money making Machine.
Now a day the word investment became so hype that peoples are blindly jumping into it without knowing anything about it. There are thousands of examples where peoples have lost everything in stock market. Sometimes it becomes so addictive that they are ready to invest their all savings even by selling properties like home and it's a pretty bad idea because no one knows what could happen at any time
2. Educate yourself
If you properly do your research and make a strategy then you can make a good income out of it. So try to learn the market study it properly.
3. Know hidden charges
There are some hidden charges you also need to know. You can use the brokerage calculator to calculate how things are going on. For example if you have choosen upstox for trading then you can simply use upstox brokerage calculator. By the way upstox is one of the best platform for trading in India. Click here to open a free account in upstox.
4. Invest as much you can loose
Nerver borrow money to invest in share market always invest if you have some extra money which you can loose. Of course at certain points you can earn a lot of money but with the same possibility of loosing it.
5. Long term goal
Share market can give you a very high return if you buy share of a stable company and hold for a period of time. Don't go with short-term memory and don't waste your time by watching the graph 100 times a day. Stop doing it even a little flactuation can make you feel depress.
Conclusion
The market is not that much complex but make sure you approach a decipline and well research in whatever business you want to invest in. Alright, Good luck for your investing journey.
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