Where should I begin if I am new to stock trading?

A common problem facing newbie who wants to trade stock is where do I begin. Most of us are entice by the prospect of home based career offered by stock trading and the potentially fantastic income that come along with the stock trading business. Being your own boss and customising your own schedule is surely a carrot that is hard to resist.

To begin as a stock trader, you would need to know the operating hours of the stock exchange. Based on Singapore Local time, the operating hour for Singapore Stock Exchange will be from 9.00am to 5.00pm. The second thing to learn is to open up an account with a brokerage firm. I shall touch on the various difference among some of the brokerage firm for your understanding in the next post. Thirdly, you would need to learn how to read price/ volume charts, technical indicators and trendline. I would be sharing with you some of the more common usage of these indicators. Fourthly, you would require a trading log to help you record down your transactions for analysis purposes. Lastly, you need to know where to find information, news and corporate events. Shall do an analytical breakdown for you to decide on whether to subscribe for a paid service or to use a free service.