How to start investing in Stocks?
1.Learn in PSE academy website
2.Attend free basic stock seminars offered by PSE and other brokers
3.Read online
4.Read Newspaper and Books
The best way to prepare is to read introduction from PSE and other websites
The best way to boost confidence in starting investing is to attend seminars
The best way to continue learning is to read more and watch more news related to stock market and ask the experts
Did I make investing in stocks sounds easy?
Let's go into details.
PSE or Philippine Stock Exchange main website is http://www.pse.com.ph and they have a partner website which is http://www.pseacademy.com.ph/. PSE academy was created in partnership with PSE Foundation. You can beginning your elearning here.
PSE offers free stock market seminars as well as some stock brokers.
COL Financial offers free seminar for beginners. FAMI also offers free stock market and I'm sure may stock brokers are also conducting seminars and training to help you out. Take the oppurtunity to ask and ask questions with the experienced and expert traders and investors. Listen also to other's questions. Don't be shy to ask or to comment on the training topic. The goal of every training is for you to learn.
Anyway, since you are a beginner you may not know what questions to ask so I'll be giving some frequently ask questions about stocks.
There are two sets of questions regarding stock investing. The first is related to general topic about stock and the second set is related to the broker. Here are some examples of questions regarding stocks.
Geneal Stock Market Questions (FAQ):
What is stocks?
How much can I earn on Stocks investing?
What are the risks involve on investing in Philippine stock market?
How much can I lose on buying and selling stocks?
How will I earn profit from trading stocks?
How do I buy and sell stocks investing?
Can I withdraw my money right away or there is a lock-in period?
What are the best companies in the Philippines to invest?
What are the factor of changing stock prices?
How do I start investing?
What is a dividend?
When do I sell my stock?
What is the best time to buy stock of Philippine companies?
What is fundamental analysis?
What is technical analysis?
Do I need to monitor my stocks daily?
How to read the stocks section on the newspaper?
How to read the stock ticker?
Broker Related:
How to open a Stock trading account?
What is the minimum investment ?
How do I make addditional deposit?
How do I withdraw my money?
The list is not complete and I'm not expecting you to learn all of it in just one day.
I suggest for you to start with the items that involve risks or focus first on protecting your initial investment.
Anyway, the basic rules and terms in the Philippines is generally the same with other stock markets of the world. This means that you can also used stock websites and information from other international website. My favorite is Investopedia.com. Other great sources of infomation from web is FinanceManila and PinoyMoneyTalk.
Learning to read the ticker and the stock section on the newspaper will be one of your biggest foundation. You don't need to buy newspaper to read this. If you want newspaper headlines and info, you can visit them online and read for free. I usually read on business mirror and business world Philipppines. I also read on Manila Bulletin and Inquirer online sometime.
There are so many books about stock market. But you won't get rich just by reading them.
One of my mistakes in the past is I tried to read, read, read, read a lot. I didn't notice that while I'm reading I'm also missing time and opportunity to earn. I suggest not to chew everything from one bite.
You'll learn along the way. BUT, please try to minimize your risk. Start small and have a plan for risk mitigation. Please don't invest anything that you'll be using for basic needs and cannot afford to lose.
Why? Because stock prices may have great fluctuations. Sometimes it will go down and it will take time for it to recover.
If you still don't have minimum money to invest, I suggest you begin practicing using a simulator of stock exchange. Just like in the real stock market, you will buy and sell stock of companies but in simulation games there will be no real money involve.
Note: This is just my opinion from my experience. I might miss or fail to update something so please do your own research. I'm not forcing anyone to invest on any broker or buy and sell any company stock. Please be responsible with your investment decision. Cheers and Goodluck!
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