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Stock Market Tips for Beginners

The stock market is often touted as an opportunity for anyone to make quick money. But the reality is that investing in stocks takes patience discipline, discipline and a systematic approach to investing. It also requires patience and a long-term investment horizon.

It’s easy for investors to be enticed by promises of a quick return and quick solutions however investing in stocks is an extended process that has many changes and ups. Long-term investments can bring substantial benefits. So, to help you on your way to success, here are a few share market tips for novice investors to keep in mind prior to beginning.

Don’t be a jack of All Trades

One of the most common mistakes made by new investors is to jump from one investment strategy to another. This is an expensive mistake, particularly for those who are just beginning their journey. For example, some novices attempt to be a “jack of all trades” by converting from buying and selling short-term investments (options and futures) to investing in US stocks. This strategy is risky and costly, since it entails many charges for transactions and currency conversion fees and exchange rates.

Make sure you stick to a specific investment strategy instead and concentrate on the potential value of a stock over the long run. Avoid overreacting to events that are short-term and focusing on price fluctuations and be sure to check in on your stocks at least every quarter (or when you receive quarterly reports). Don’t be distracted by the search for the next big thing.

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