Beginners in the stock market should start with thorough research and educate themselves on market basics. Diversification is key to managing risk, so consider a mix of stocks, bonds, and ETFs. It's also wise to invest in industries you understand and to use a long-term perspective, focusing on steady growth rather than quick profits. Regularly monitoring your investments without making hasty decisions based on short-term market fluctuations can help in navigating the complexities of the stock market effectively.
Here are the basic questions you need to ask yourself before opening a trade.