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Aditya Goela, CFA

Aditya Goela, CFA

Co-Founder and Trainer at Goela School of Finance LLP | Chartered Financial Analyst® | Proprietary Trader | JoshTalk Speaker
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How Do We Start Learning About Stock Markets?

Aditya Goela, CFA

Aditya Goela, CFA

Co-Founder and Trainer at Goela School of Finance LLP | Chartered Financial Analyst® | Proprietary Trader | JoshTalk Speaker
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Email
Twitter
LinkedIn

The majority of wealthy people across the globe will usually answer how to be rich in the following two ways- Either build a big profitable business or invest in someone’s profitable one for the long term. While building a business from scratch is difficult for the common folk, the stock market emerges as one of the best and most popular ways to invest in a profitable company. Stock markets have always rewarded ones like Rakesh Jhunjhunwala, Vijay Kedia, and many others, who stuck with the right mindset for decades. Not only their stories have become success stories, but they have amassed their fortune from markets, despite hailing from the common folk. It is a well-believed myth that doing a quality assessment of stocks for long-term investing is extremely difficult. To understand financial ratios and statements of companies, no one needs to be a Chartered Accountant or have a degree in economics. Investing in stocks is not as difficult as you might think. It is similar to learning any other skill, which might help you to increase your income and develop additional income channels. All you need to do is get a mentor for yourself and put some effort into learning via a good resource. There are many great available resources like stock market courses for beginners, through which you can learn the art of making investments that hold the potential within them to make you a fortune of a lifetime.

Investment Strategy

Before you start learning to invest and trade from the various available resources, you should introspect whether you have the passion and hunger to learn it? Most importantly, can you devote your time consistently to understanding the concepts necessary for success in your investing journey? If the answer to any of the above questions is a No, then a Mutual Fund SIP is a better option for you. A mutual fund is a financial instrument in which a sum is collected from investors to make a pool. The money will be managed by a group of experts called Fund Managers who invest it into different financial instruments such as stocks for a small annual commission. One can start investing in a mutual fund with amounts as low as 500 Rs a month.

If you’re investing directly into stocks, you need not be an expert to start your investing journey. However, you will need a firm grasp of Fundamental analysis and Technical analysis which can be learnt from stock market courses for beginners. You can learn that from watching videos on available platforms or learning from paid programs or stock market courses online free with certificate. Let’s dig into the various available sources from where you can learn about stock markets.

Reading Books

Usually, new investors and traders are super excited and rushing to make a fortune when they start their journey through their Demat account. Some of these new people learn the virtue of patience and research the hard way by losing a good chunk of their capital with a gambling mindset. But, the ones who figure out the trick of the trade early start building capital for generating wealth. You must understand that successful investing is not about picking the best strategy or a tool to do that. Instead, the right mindset and psychology matter the most to win this game (PS: Buying price matters too). That’s why you should be reading books of successful investors and traders or the ones written on them. By learning from their decade-long experience, you will not commit similar mistakes which could blow your capital. It would also make you aware of the Do’s and Don’ts while trading and investing other than the right investor and trader mindset. There are many good books for beginners to learn about stock markets on Amazon and Flipkart. Some of the highly recommended ones which best stock market training institutes use in their stock market courses online free with certificate are listed as follows:

  1. Rich Dad Poor Dad, by Robert Kiyosaki
  2. One Up On Wall Street, by Peter Lynch
  3. The Warren Buffet Stock Portfolio, by Mary Buffet & David Clark
  4. Coffee Can Investing, by Saurabh Mukherjea.
  5. The Most Important Thing, by Howard Marks.

More Books here:

Watching Interviews of Successful Investors

Some of you might not be fond of reading books or not have the time to go through those stacks of pages, brimming with knowledge. Thus the second-best way to learn about the psychology of investing is to watch loads of podcast interviews of highly successful investors like Rakesh Jhunjhunwala, Vijay Kedia, Ramesh Damani, Warren Buffet. Their investment approach might be completely different, but their similar psychology has blessed them with immense success. The most important benefit of watching these podcasts is that these lessons stick in minds more vividly than texts of books. Moreover, people get to understand and learn different investment strategies used by these big investors and smart money.

Keeping yourself updated with the latest news

The stock market becomes highly volatile and takes people on a rollercoaster ride of emotions on critical days. Critical days include events sensitive to political and global economic factors, policy announcement dates, and the key event dates for heavyweight stocks. As an investor or a trader in the market, it is quintessential to remain updated with the latest news to avoid panic. The reaction to the past economic events is a lesson for people to stay updated with current happenings in the market. The study of a stock, performance assessment, and creation of a conclusion report consisting of factors responsible for the stock’s rise and fall, has become hassle-less with various websites and tools. Even stock market courses online free with certificate cover information about these tools.

Investing In An Online Course- Alternative Approach

Investing a small chunk of your money into learning markets is the best way to hone your new skill. It fills in another aspect to ponder, giving you an edge over other traders and investors. Moreover, when you invest in an online course, it assists you through a step-by-step process to learn at your convenient time. You can follow those steps and implement them under the guidance of an experienced mentor. A good mentor enlightens his students through his decades of experience to guide them on the right path. His goal is to restrict his students to commit the same mistakes as him or the rest of the common folk. A true mentor will also share which technical tools and strategies work in the short and long term leading to profits and which may cause analysis paralysis. 

We at Goela School of Finance offer complete stock market courses for beginners with the option of lifetime mentorship and support to our students. We assist our students with the right mindset, tools, and strategies to achieve consistent profits and create long-term wealth from the stock markets.

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