CS
21 Points
Joined June 2015
Firstly, you need to ask yourself a few questions like whether you have more money to invest and enough in reserve. Then you require considering your investment goals - short term? Long term? You also need to consider how the risks unfavorable you are as this will affect the types of stock you invest in and for how long.
The next task is to learn about the stock market, including the different types of stocks and stock market terms. The mechanics of selling and buying through an online broker need to be understood.
And finally it becomes a question of stock selection, the tricky bit. Few people suggest that undertaking few virtual or fantasy investing is a good idea as you can practice buying and selling while raising your knowledge and understanding of the stock market without losing money. However, there is nothing like real money to focus your mind. Stock investing is not about playing games!
5 Simple Steps to START Trading in Commodities
1) Get your account activated for commodities trading through filling up a separate form.
2) Start reading "Commodity Compass" - our daily intra-day commodity outlook.
3) Subscribe & read "Commodity, Life "-our weekly newsletter on the fundamentals of the commodity market with the next week's outlook.
4) Create your watch-list - add the particular month contract in "My Favorites" and track the prices.
5) Square off your position one or two days before the expiry date if not interested in taking or giving delivery.
The link below also provides information on how to approximate the fair value of stocks as it is important to buy stocks at or below their fair value and sell when they become over-valued. Keep in mind the tip - buy low sell high.
Commodity Tips | Currency Tips