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How To Begin Stock Market Trading - Investment (4) - Nairaland

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Re: How To Begin Stock Market Trading by Lorax(f): 1:50am On Jun 04, 2019
bjbjbj:
For you to be a day trade you have to read and know how to read chart. Books to read. 1, Trading for a living by Alexander Elder. 2, The intelligent investor by Benjamin Graham. 3, Hiw to day trade, by Andrew Aziz. 4, The art and science of techinical analysis, by Adam's Grimes. 5, Study guide for new trading, by Dr Alexander Elder. 6, How to swing trade, by Brain Rezim. You have to look for as many books as you can and watch video from YouTube. Don't trade penny stocks.
Please what are the career opportunities for stockbrokers and will you advise anyone to become one?

1 Like 1 Share

Re: How To Begin Stock Market Trading by bjbjbj: 11:57am On Jun 04, 2019
You can make a good career as a stockbroker. I am a stock trader and I make a good living out of it.
Re: How To Begin Stock Market Trading by hanson432: 4:56am On Jul 09, 2019
bjbjbj:
You can make a good career as a stockbroker. I am a stock trader and I make a good living out of it.

please i need your contact Fb. and phone number
Re: How To Begin Stock Market Trading by bjbjbj: 5:14am On Jul 09, 2019
You send me your Instagram or fb I will contact you.
Re: How To Begin Stock Market Trading by hanson432: 3:45pm On Jul 12, 2019
bjbjbj:
You send me your Instagram or fb I will contact you.
ok sir my fb username is
https://m.facebook.com/hanson.kingsley.56
Re: How To Begin Stock Market Trading by Bladebringer: 7:34am On Aug 12, 2019
Friends, if you are interested in trading stocks anywhere using your smartphone, you can read information about various stock trading apps here https://thinkmobiles.com/blog/best-stock-trading-apps/ I chose to the application itself called Fidelity, which is very convenient for me and functionally very powerful.
Re: How To Begin Stock Market Trading by tintingz(m): 11:50am On Aug 21, 2019
maybachmusic:
lol


wont leave my Crypto trading for stock market

like leaving chicken for bird meat
I would like to know more about this crypto trading.
Re: How To Begin Stock Market Trading by zakir007(m): 7:57pm On Nov 16, 2019
bjbjbj:
I am a professional day trader, I trade stock for a living before you start trading the first thing to do is o properly educate yourself, because it's very difficult to day trade without proper education. Many of this broker are thieves and you have to know how much dividends are being paid yearly. Sorry to say I trade stock five day a week Monday to Friday that's what i do for a living. Am a day trader and a swing trader.
please which app do you use for trading
Re: How To Begin Stock Market Trading by zakir007(m): 8:03pm On Nov 16, 2019
Akpan107:
Thank you sir... I will likely be offloading my MTN Nigeria Share by next week.

Akpan107:
Sir... I have also invested in MTN Nigeria for a long and term and short term investments.

I purchased at 135 per units and I am sometimes having a sleepless nights over it especially after it depreciated last weekend.

Each minutes I log into my portal, saw my cash dropping, though is begging to rise again.



Sir, is MTN Nigeria stock a good investment?

How long should i keep it?

Thanks as you respond.


Please what app do you people use for trading ooo
Re: How To Begin Stock Market Trading by zakir007(m): 8:06pm On Nov 16, 2019
bjbjbj:
For you to be a day trade you have to read and know how to read chart. Books to read. 1, Trading for a living by Alexander Elder. 2, The intelligent investor by Benjamin Graham. 3, Hiw to day trade, by Andrew Aziz. 4, The art and science of techinical analysis, by Adam's Grimes. 5, Study guide for new trading, by Dr Alexander Elder. 6, How to swing trade, by Brain Rezim. You have to look for as many books as you can and watch video from YouTube. Don't trade penny stocks.

Sometimes when I want to sell, the platform I use takes days to process the order by which time, the price is no longer favourable and then I end up losing money undecided
Re: How To Begin Stock Market Trading by bjbjbj: 9:23pm On Nov 16, 2019
Suretrade
Re: How To Begin Stock Market Trading by XcepXlargeGlory: 3:04pm On Nov 19, 2019
Is this an app?

bjbjbj:
Suretrade
Re: How To Begin Stock Market Trading by bjbjbj: 3:28pm On Nov 19, 2019
No is a broker
Re: How To Begin Stock Market Trading by XcepXlargeGlory: 3:52pm On Nov 19, 2019
Ok thanks for the reply. Please, is there a website for the broker?

bjbjbj:
No is a broker
Re: How To Begin Stock Market Trading by bjbjbj: 4:14pm On Nov 19, 2019
Re: How To Begin Stock Market Trading by XcepXlargeGlory: 4:30pm On Nov 19, 2019
Thank you very much...am grateful.

bjbjbj:
www.suretrade.com
Re: How To Begin Stock Market Trading by McTobe(m): 1:14pm On Oct 27, 2020
Please can you help me with the idea of trading with bot on the crypto space, how profitable it’s, what are the risks associated with it from your own experience. I am doing my own research but I need a human testimony
lol


wont leave my Crypto trading for stock market

like leaving chicken for bird meat
Re: How To Begin Stock Market Trading by Adeplastic: 9:00pm On Dec 11, 2020
There is a very good material out there. This book, Tips and Tricks for Trading Stocks in the Nigerian Stock Market & Managing Your Portfolio Effectively has been written to meet the needs of equity investors who want to spend limited time in trading, but want to achieve the highest level of success in a volatile stock market - The Nigerian stock market.

There is a currently a 20% discount on the book. Use the discount code UBTDRU3OC11N during checkout to claim the discount.

Re: How To Begin Stock Market Trading by Muslimsworldng: 7:03am On Feb 13, 2021
dipoolowoo:
By Dipo Olowookere

Many times, I have been asked to explain how the stock market works and the steps needed to begin investment in that critical sector of the economy.

This article is mainly to give those interested in joining the stock market the key things they need to know before jumping on the train.

It is important to state that the stock market is highly volatile and not for those not willing to take ‘calculated risks.’

Before I continue, we need to understand what the stock market is.

The stock or equity market is a place or platform set aside for the exchange of stocks of companies admitted to trade their securities to investors.

Now, before you begin to trade stocks on the exchange, you need to acquaint yourself with the terms used. You can check this article for assistance Understanding Terms Used in Stock Market (Part 1).

To the subject matter, I will try to make things very simple as I can, though I am not a very good teacher, I must admit.

Before you jump on the train, you need to ask yourself these important questions, why do I want to invest in the stock market. Am I investing as a trader, long term investor or medium?

When you find answers to these questions, you can then look for the company that fits into your investment tenor.

Let me quickly explain the terms I just used above; trader, long term and medium-term investors.

Traders at the stock market are mainly those interested in buying stocks when they are cheap and sell immediately they hit their target price, mostly within the shortest possible time say a week or less or slightly more.

For the long-term investors, they buy stocks for the future purpose and are not after any immediate gains. These people have investment plan of 5 years or more, while those in the medium-term category invest for dividend, price appreciation, say within 3 month, 6 months or a year.

So, when you consider which of the three categories you want, you can then study the stocks that can perfectly fit and then invest.

Now on the stock buy, you have to read a lot about the performances of the companies listed on the exchange and study their trends and price movements, checking the 52-week lows and highs so as to know when to buy and sell.

In Nigeria, the banking stocks, most especially the tier-one, are good because they have good price appreciation and dividend payout.

Another thing you must also consider is the amount you’ve earmarked to invest in stocks. This will help you determine the stocks to buy.

The good thing is you don’t have to have millions or hundreds of thousands to begin stock market trading. You can have as low as N10,000 to begin with. What this means is that your amount will determine the number of units of the stock you can acquire at that particular time. If you have like N10,000 and you are interested in buying a stock selling at N50 per unit, you will only be able to get 200 units minus the brokerage fee.

This takes me to the next thing you must consider before joining the stock market; getting a good stockbroker.

You need a stockbroker, who is a professional authorised to help investors or clients buy and sell shares at the stock market.

There are several authorised stockbrokers in Nigeria. Some of them even have trading platforms where you can trade yourself. Some of them offer free trading and investment tips, suggesting which stocks you can buy, sell or hold.

However, before you choose a broker, you need to select those who charge lower brokerage fee. This is the amount they charge clients for executing your order. You pay this fee whenever you are using them to buy or sell your stocks.

Most times, they will require you to register with them and fund your account by paying to a bank account. They will help you with the creation of an account with the Central Securities Clearing System (CSCS), which is like a database of all investors at the stock market.

When you buy shares through a stockbroker, your account will be credited with the volume of shares purchased and when they are sold, the number of stocks offloaded by you would be subtracted from your account. Let me just put it in a simple term, the CSCS is like your bank account.

After all these, it is important to try demo trading before the real thing. This will give you an idea of how the market works. You can use this opportunity to see if you understand stock market trading. In most cases, these demo trading platforms give you a virtual money to trade with. They make it look real, with the brokerage charges deducted.

I must confess to you, investing in stock market is fun and you need to experience it. However, like they say in a stock market group I belong to, be ready to ‘pay school fees’ to the Nigerian Stock Exchange. This simply means you must be prepared to lose some money in the stock market, but this must not discourage you because before a child starts to walk and run, he must first crawl and fall. We all have paid and are sometimes still paying.

Before I stop for now to take your questions, you must understand that there are some factors that tinker with stock prices. So, you need to watch out for these.

Now, I will be ready to take your questions.

https://businesspost.ng/2019/05/28/how-to-begin-stock-market-trading/
Please elighten me on 1 year return on stock investment?
Re: How To Begin Stock Market Trading by Daynael(m): 9:13am On Sep 03, 2021
Suppose you're ever in the position to make a decision that affects the course of your business. In that case, it's worth taking a moment to consider how social trading might impact your company. For example, might Facebook be used as an advertising platform? Or Twitter? Or LinkedIn? My advice is to use an investing service from experts in this domain. Before this, you can read some investing service reviews. I work with a few companies, and I am very delighted with every decision I made.
Re: How To Begin Stock Market Trading by Whispereye: 12:08pm On Sep 07, 2021
Great instruction on how to start on the stock market. I believe that everything one should have in order to start trading on the stock market is a great desire to start this activity. If you have no goals, intentions and wishes, then perhaps you should forget about this idea. Only those people, who have these things can possibly become successful i nthis activity. In my opinion, you should try hard in order to trade. You don't need special equipment for the start, everything you need is just a laptop and free time which you must dedicate to learning and practicing. That's all for your beginning.
Re: How To Begin Stock Market Trading by rolinox(m): 12:02pm On Aug 11, 2023
It's great to see that you're discussing the basics of starting in the stock market. Understanding your investment goals, whether as a trader, long-term investor, or medium-term investor, is crucial. Also, finding the right stockbroker is essential for a successful journey in the stock market. Considering factors like trading platforms, investment tips, and services offered by stockbrokers is vital to make informed decisions.

For those looking to delve deeper into the world of trading, learn about a proprietary trading firm that can provide valuable insights into trading strategies and market dynamics.
Re: How To Begin Stock Market Trading by Dissency12: 9:53am On Jul 26
I saw your post. I liked your post very much. I also share with you the information that Uses free NinjaTrader indicators to enhance your trading strategy without additional costs. These indicators provide valuable tools for technical analysis, including trend indicators, oscillators, and volume-based metrics Free NinjaTrader indicators allow you to analyze market trends, identify potential trade opportunities, and manage risk more effectively. By incorporating these tools into your trading platform, you can refine your strategies, improve decision-making, and achieve better trading outcomes. Many online resources offer these indicators at no cost, making it easy to experiment and find the best tools for your trading style.

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