If you want to invest in stock market then you yourself do analysis of the companies and don't follow your friends, relatives or brokerage firms blindly.
Always remember one thing, no one else will worry more for your money then you yourself. So only after your analysis take the decision of your investments. Of course, you can discuss your analysis with other investors and take their view.
If you don't have time for analysis or you feel you cant do analysis then it will be better to invest in mutual funds.
Many new investors gets attracted towards purchasing low value stocks. They feel that this companies are new and may grow in future but this is not the case.
In some cases, this companies are in existence from many years but its shares are valued low because of its poor performance. So check the past performance before you make your investments.
All successful investors have one common quality and that is patience. To purchase the stock at the right price , you need to have patience. When we have money, we tend to make wrong investments in a hurry.
If you are a long term investor then you have to give time to your investment to perform. This does not mean that you investment in low performing companies and wait for years to perform.
Mr.Warren Buffet , one of the successful investors in the world said that he has more money then his investments but he waits patiently for the right opportunity.
Many investors in the beginning itself start with large amount of capital. As you are new in the market, you may don't know many practical things and since you lack the expertise , there are chances of losses.
That's why start with small amount of capital in the beginning.
Many beginners work on tips given by others which is wrong and nowadays many scams are coming out related with this business.
and in the first tip itself i mentioned that you should do your analysis before making any investments.
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