Three dangerous moves that all first time investors need to avoid
If you are new to the equities market or for that matter, not that savvy when it comes to trading in various instruments then chances are good that you have made more than your fair share of mistakes. These are some of the mistakes that you are likely to make as a novice trader which is why you need to check out some of the HQbroker news to gain a better understanding on the share market.
This is why it is important that you read out some of the broker news; check out the various broker youtube video reviews as both should enable you to zoom in on the broker of your choice. With a good broker, you should be able to avoid some of the common mistakes but check out the tips posted below.
- Investing when clueless: Sure, the equity market sounds interesting and it seems like a lot of people are making lots of money in an extremely short amount of time and you would like a piece of the action as well. Fair enough, but investing in what can be termed as a risky market is going to lead to losses and you may even end up wiping out all of your investment with a few bad moves. This is why it is crucial that you put in the time and effort to study the marker before investing in the same; read up P/E and other market metrics and how it all comes together to become the equity market.
- Investing it all in one share: There’s nothing worse than a lay trader can do and that’s investing it all in a particular equity. Even a mere review of any of the HQbroker youtube videos should make it apparent why this is a no-no. You are not going to make much by investing in one share and what’s worse is that you are at risk in having all your investment going up in smoke.
- Trading without a plan: Random trading, without any particular entry and exit plan is only going to lead to losses.