There are a lot of myths and misconceptions related to Stock Market Trading and investment. Many potential investors get discouraged in their initial stages of investment only because they do not have the sufficient knowledge and prior profitable advice which could help them to lay a strong foundation in this field. To get enlightened on any new subject one must always approach someone who holds an abundant experience in that matter. Talking about Stock Market Expertise, the best name that comes to our mind is that of Mukul Agrawal, who is a remarkable Technical Analysis of Stock Market, TEDx speaker and the founder of Agrawal Corporate.
When asked , “ How to invest in the stock market as a Beginner ? “
Mukul Agrawal advises the beginners to focus more and more on learning about the trends and technicalities that are related to the market. . PLENTY OF KNOWLEDGE, SUFFICIENT PRACTICE , HARDWORK AND A STEADY PACE in the market could prove beneficiary for a fresher. In his lectures too he is always found to focus on the importance of proper, in depth and in advance understanding of the stock market before starting investment. He says investment is the best way to earn from YOUR OWN MONEY. To make us understand it in a better way he asks,” Do you want to work for your money or want your money to work for you ? “ By this statement he is trying to say that Investment in the Stock Market is the best way to generate a constant source of Passive Income. This would not only allow the investor to maximize his profits but also would help him to achieve financial independence. As a quick piece of advice he offers the newcomers to focus on some basic rules while trading, those are :
- Protect your Capital: This should be the sole initial aim for a beginner .Investment should be done in such stocks that the chances of your capital getting zero are nullified. The prices may depreciate from time to time but there is a low chance that it may vanish, when they are carefully invested in safe stocks. Because loss could always be recovered but no money could be built on a zero capital
- Never forget rule number 1: Yes you heard it right. Mukul Agrawal presses on saying that never ever forget rule number one in your stock market journey however profit you may earn at any point in your career. It is a general observation that people tend to become daredevils once they earn some profit and put all their capital under risk. They become overconfident of their prediction skills and start taking unwanted risks. On this Mukul Agrawal advises that we should not get tempted by the big returns which we might receive on our capital.
- Buy and sell stocks at the right time: Don’t let your greed command you while trading your stocks. As a beginner, always focus on playing safe. No need to rush, just maintain a steady pace initially. One should always take calculated risks to avoid permanent losses.
As it is clear from his striking insights, Mukul Agrawal is very innovative with his ways of educating the youth, he has a YouTube Channel which goes by the name of “ The Mukul Agrawal “ is a great source of learning about all the strategies related to online trading . His channel is currently being followed by more than 5 lakh people which showcase him as a well established influencer and educator in the field of Stock Market and Investment.