Learn Stock trading before investing
There are many options available to learn the basics of stock market trading for beginners. Freshers often treat stock market trading as a gamble to earn quick money. However, you must refrain from intuition-based trading that can prove to be lucky sometimes but that does not guarantee success in the long term. In fact, you may end up losing a considerable amount of money by incurring losses due to market fluctuations. One needs to gain adequate knowledge and experience in the financial domain o achieve success.
Where to start?
The first step to enter the stock market is to open a demat account. The investor will need three types of accounts, a banking account, a demat account, and most importantly, a trading account. The top-rated stock broking firms and agencies can help you to open demat account. A trading account allows a retail investor to trade in the stock market. The KYC needs to be completed and after the verification, you can start trading immediately. It is always advisable to go through various courses specially curated for beginners that help to learn the basics of the stock market.
Top 5 Stock trading courses for Beginners
Udemy: Stock Trading & Investing for Beginners 4-in-1 Course Bundle by Udemy. The course has 22 sections with total of 9 hours of learning. It also includes one downloadable resource and a completion certificate. The course costs INR 399. Top companies like Nasdaq, Netapp, Eventbrite, etc. have selected this course to upskill their workforce.
Henry Havin: Henry Harvin also offers specialised courses on stock trading. The most popular one is the 45-min masterclass which is conducted online and is completely free of cost. They also provide skill certification after completion of the course. To register for the course, you can visit their website.
Coursera: Trading Strategies in Emerging Markets– Coursera is one of the most popular online training academies in India. This course for freshers offers free enrolment, with a 6-month duration, with a pace of 3 hours/week. They also provide a shareable certificate upon completion of the course.
Eleranmarkets.com: Another popular online trading course to learn the basics of the stock market is the Stock Markets Made Easy by Kredent Academy. This one too is meant for freshers, priced at INR 999. The course includes 5.5 hours of content, self-assessment tests, and certification. Advanced technical courses may cost you more than INR 25,000. However, these courses are a little expensive. Another disadvantage is that the course content cannot be saved.
Booming Bulls Academy: Headquartered in Noida, this institute offers both online and offline courses. They have institutes in 8 cities across India including Delhi, Gurgaon, Mumbai, Ahmedabad, Hyderabad, Bangalore, and so on. The Elite Traders Live Mentorship Program is covered in 33 sessions, costing INR 26,541. There’s an option to enrol for 3 days at INR 3,000 and refund your money if don’t want to continue. Although very expensive, you can benefit a lot from the live mentorship program.
Hence, explore and select the course that fits your requirements and start trading in the stock market with confidence.