Use your money wisely, more so if t is retirement money. Do not make an investment until you have mastered completely the in and outs of the business that you want to invest your money in such as the stock exchange. With Kirill Eremenko you can earn money by investing in trading. But it is also likely that you will lose some if you do not do some research. There are many methods of share trading for beginners that are available online and these are designed to help the beginners understand the various concepts in the stock market.
Read the financial news
One of the methods that online share trading for beginners are to encourage them to read the financial news, either online or not. The annual financial statement of a company is the best way to read graphs, analyze the growth pattern, among others. Share trading for beginners include the learning of the terms that are widely used in the stock market such as bid price, offer price, mid price, and the spread.
Stock market environment simulator
The learning process of share trading for beginners can also be done by purchasing a game online that simulates the environment of the stock market. They are given virtual money or play money which they are supposed to invest in the stock market. All of this is just a game but it is geared towards helping the individuals in the learning process of share trading for beginners.
Learning the stock symbols
The stock market uses a lot of symbols and if you are new to the field, you can get disoriented. For one, beginners must understand that the full name of the company is always listed in abbreviated form and usually in three to four letters. Also, it is not advisable for beginners to invest in complicated stock such as forex trading and bitcoins. The value of bitcoins is constantly changes during the day and it is reserved to be traded only by the professional stock brokers.
Search for a reputable brokerage firm
When you think you have already gained enough knowledge on the stock market, then you can sign-up with a reputable brokerage firm online. As a paying client whom the firm will represent and buy and sell shares for you online, the learning process for share trading for beginners is continuous as the brokerage firm will still help you in the process until you have fully digested the in and outs of the stock market.