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Most beginners make the mistake of listening to some hot-shot guru who promises them that they can make millions of dollars guaranteed. The truth is that there is not one single method that you can use to profit 100% of the time. Stay away from people who say, "I can help you win in the stock market every time if you listen to me!"
The fundamentals to make money in the stock market for beginners:
Stick to a plan - Even seasoned traders can lose millions of dollars. Just look at Warren Buffett for an example. He makes so much money from the stock market because he follows a strategy that works for him. He will never change the way he invests in the stock market. No matter how well he sticks to the plan, he will still lose a lot of money from time to time.
Focus on learning - Stop thinking about how much money you need to make, and focus on learning about the stock market. The more you know then the more better decisions you can make. Once you are well informed, you can decide on a strategy that you can stick with. However, what works for someone to make a lot of money might not suit your tastes. For example, you know a friend who makes a lot of money investing in penny stocks, but you might not do well copying what he or she is doing.
Don't trade with gut feelings - This is a huge problem with most beginners. They simply take a good guess and hope for the best. They fail to follow a plan that suits them best to make money.
Article Source: http://EzineArticles.com/2567378
The fundamentals to make money in the stock market for beginners:
Stick to a plan - Even seasoned traders can lose millions of dollars. Just look at Warren Buffett for an example. He makes so much money from the stock market because he follows a strategy that works for him. He will never change the way he invests in the stock market. No matter how well he sticks to the plan, he will still lose a lot of money from time to time.
Focus on learning - Stop thinking about how much money you need to make, and focus on learning about the stock market. The more you know then the more better decisions you can make. Once you are well informed, you can decide on a strategy that you can stick with. However, what works for someone to make a lot of money might not suit your tastes. For example, you know a friend who makes a lot of money investing in penny stocks, but you might not do well copying what he or she is doing.
Don't trade with gut feelings - This is a huge problem with most beginners. They simply take a good guess and hope for the best. They fail to follow a plan that suits them best to make money.
Article Source: http://EzineArticles.com/2567378
