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10 Tips for Beginners to Get Started to Make Money from Day Trading

Posted By On 4/06/2009 08:11:00 PM Under

A few precautions which every beginner in stock market needs to be taken to get started to make money from the stock market. The points to be considered is as given below:
1. Remember becoming expert trader takes time and one has to learn to take lossess in stride.
2. Initially paper trade to get acquainted with the market.
3. Be fearless and trade without any emotion as fear of losing results in losses.
4. Applying the stop loss is a must to keep the losses small.
5. Each trade has an opportunity to teach you something and thus maintain a diary and learn from each trade.
6. Make sure that profit do not become loss.
7. Get out of the market if the trend is not in your favour.
8. Avoid the tendency of averaging in loss making trades.
9. One can not accurately enter at the tops or the bottoms.
10. If trend of market is not clear than avoid day trading.

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