5 Most Useful Website For Stock Market Beginners

 

1. NSEindia.com

This is the official website of the National Stock Exchange and is loaded with all information

You can get the financial information and stock quotes of all the companies listed on the NSE exchange. The information provided on this website is accurate and consistently updated. As the company has an obligation to submit their financial reports to the exchanges, you can always find the financial data like quarterly reports, shareholding patterns, bulk/block deal details, etc of any company on this website, in case you can’t find it elsewhere.

Along with charts, there are tons of historical data regarding NSE and nifty available on this website. You can find information about the corporates, domestic and foreign investors, new listings, IPOs, etc. NSE India also provides courses and certifications 

2. Moneycontrol.com

Moneycontrol is the most popular website among all Indian stock investors. You can find all sorts of information on this website like market news, trends, charts, livestock prices, commodities, currencies, mutual funds, personal finance, IPOs, etc.

It has the most up-to-date Earnings calendar, which comes very handy during the result season, If you are an Intra day trader, you probably will also appreciate the heads-up articles before every trading session where they list out all the cues to watch out for the day.

The discussion forum offered by this website is also among one of the unique features of this website. If you are unable to find the latest news regarding the drastic share movement of any company, just go to the forum of the stock, and read the discussions. However, please do not get influenced by the comments in the discussion section as a few may also be spam discussion posts.

3. Investing.com

Investing is a great site if you want to find comprehensive information regarding a public company. You can perform both fundamental and technical analyses of stocks on this website. The different pieces of information available on this website are general info, chart, news and analysis, financials, technical, forums, etc.

The most useful feature of this website is the charts, They have an amazing user-friendly, customizable chart which can be loaded with an indicator of your choice and you can even set price alerts on stocks of your choice

You can also use a number of amazing ‘tools’ available on this website for free. The best one is the ‘Stock screener’. Using this tool, you can screen stocks and shortlist them based on different criteria like market capitalization, PE ratio, ROE, CAGR, etc. I also use investing for technical analysis as there are a number of technical indicators that are available on this website and easy to use. In short, if you haven’t visited this website, then go on and check it out

4. Zerodha Varsity

Zerodha Varsity is a free online resource geared towards helping people learn about stock market trading and investments. … Zerodha Varsity provides in-depth coverage of major stock market investment topics. The topics are covered in the form of easy learn, collection of stock market lessons with illustrations

It Has the best content included all financial markets. you can find anything with proper examples. here you can get everything with chapter so it is easy to get what you want. its has basic to advance and all this for free of cost.

5. Screener.com

The screener is a great website to perform the fundamental analysis of a company like reading its financial statements, ratios, etc. Most of the features on Screener are absolutely free. You can find a number of important information about the companies on this website like financial ratios, charts, analysis, peers/competitors, quarterly results, annual results, profit & loss statements, balance sheet, cash flows, etc.

The best part is the customized financial reports which are created in such a manner that only useful information is shown. No clutters! The financial statements of a company are very long, however, the screener simplifies the financials in small useful chunks. Anyone can easily read the annual reports, balance sheet, etc on this website because of the user-friendly display of the data.

This all website will help beginners with all the required information

What are the mistakes that new traders do while trading?

THE MISTAKES THAT NEW TRADERS DO WHILE TRADING

The common mistakes every newcomer does. is without any knowledge t
hey enter in the market. but apart from that, they have to take knowledge which they can get from reading books, learn technical and fundamentals of the market know the basic formation and the working processor of the market, how the stocks move and on which parameters.

The basic and most common factors they should learn and remember for the life is.

1. Technical and fundamental knowledge of the market.

when a newcomer enters the market, he has to understand the basics of the financial market, like how the market runs and what’s is the reason behind it. for that, the person must learn the techniques and fundamentals of the markets. which can learn through reading books, watch financial videos, follow some active market traders which are in the market for the long term so that you can take experience from all that things. this will help you in the long run in the financial markets. don’t look for any holy grail fin overnight.

2. Learn making own system

when anybody says make own system, that simple mean is to make a system that you can believe, a system means everything can be predefined if anything is going ups and down so you need to do a simple modification in that so everything can be managed.

A system contains Risk management, Risk reward ratio, position-sizing, And your experience from the market you have taken. Trust your system and backrest it for 5-10 years so that your system can perform well in every market scenario don’t be trade emotionally, let your system handle it. when any event comes you can manage it.

3. Risk management

The word ‘Risk management’ describes itself. it simply says take that much risk which you can manage, in another word it means that take the only risk of the amount which you can forget as investment or you can lose it without any panic in your mind. if this amount you lose even after that you can to bed peacefully and sleep without any headache.

According to the experience of the most active and successful traders, the maximum risk is the risk you always decided before your trades in every condition it will be the same. the maximum risk can be 3-5% of your actual investment or hard-cash not on your limits.

we will understand it with an example of position Sizing, suppose one has an investment of Rs. 1,00,000/- so the maximum risk for the day is 3000-5000 in . in this case we can purchase 1000 shares with the stop loss of 5 Rs. , or we can take 5000 shares with the stop loss with 1 Rs.

the risk ratio will be the same and it has to be managed for successful trades.

4.Risk Reward

Risk Reward means for how much of earning how much risk you are taking. For example for earning of 100 Rs. how much risk you are taking

for better results and the risk-reward ratio should be 1:2 or 1:3 that means with the risk of 50 Rs you are going to earn 100 Rs or 150 Rs. according to the market conditions, you can increase it to more but the minimum should be 1:2 or 1:3, with this reward ratio if your 40% trades are going fine, then also you will be profitable.

Always learn to book small losses, you can use that money for the next trades don’t stick to the trades if your system warns you about to exit. and never do Overtrades

5. Conviction

A conviction will only come when you trust your system some time happens that we have fully convinced about the trades that it will be profitable but due to fear of loss you do not enter in that profitable trades. this can be the act of your previous unprofessional trades. so just trust your system which you have made with your experience.

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