What resources and websites should I access to study the stock market, if I want to make money stock trading ?
What resources and websites should I access to study the stock market, if I want to make money stock trading, as a computer science graduate?
Answered by Mr. Amiya Sarkar ( Mathematics Teacher, Swing Trader, Investor, Founder of MathsWorld India, investowish.com, wayadmission.com ).
You want to study the stock market. ok , go ahead. Everybody who want to be a master on the stock market need to learn at the best level.
Lots of Experts, trainers, experienced traders and investors are there on the market.
They will teach you how to trade and invest in exchange of some money / fees or commission.
I am sharing my experiences here :
In case of me Stock market investing is a second source of income.
At first I am a Mathematics teacher, from morning 7:30 am to 1:30 pm.
In the evening everyday I study on stock market, financial market and I do my own experiment on which stocks are in uptrends and which stocks are in downtrends.
As of now market is very uncertain because of rising oil price, upward pressure on inflation from food price hikes, the election cycle, which brings its own set of uncertainties etc…
Basically I believe in a short term as well as long term investment.
I dont believe in intraday.
After doing my own experiment I find my qualified stocks where I can make my investment.
In some cases I target for short term maturity (depending on the market trends) like a swing trader.
I believe that making around 7% profit every month from stock market is really a handsome return.
I am a self taught swing trader and investor.
You can become the best trader / investor if you really fall in love with this great stock market business.
So you need to have your passion and understanding on this stock business.
Most importantly, understand and take this stock market as a great business. 99% people take this stock market as their money making /loosing tool and software, please dont see this market like those people.
Just try to understand this is a great business and for every uptrend has its reason why stock price is increasing and for downtrend why it is decreasing, you need to find out those reasons very smartly and in advanced.
Since you are a Computer Science graduate, it will be easy to study the chart / graph, and other tools for technical analysis as well as for fundamental analysis of any stocks.
Moneycontrol is a great website for stock market news updates.
You can use screener by smallcase, screener dot in, for your technical analysis as well as for your fundamental analysis, you can watch ET Now tv channel 8 AM to 9 AM for better updates before the maket opens.
And most importantly read some good books on stock trading and investing.
You can read this book “Stock Market Investing for Beginners: Essentials to Start Investing Successfully – by Tycho Press”.
This book will cover A Comprehensive Overview covering the fundamentals of stock market investing, Strategic Advice on buying, selling, owning, and diversifying, Valuable Tips on building your financial portfolio through stock market investing.
Hope this will help you.