How to invest in Philippine stock market ?
If you are looking for other ways to earn income, you can give stock investing a try.
But first, please note that this type of investment is not for all. Basically, your risk tolerance will determine if buying and selling of stocks is for you.
Stock investing is riskier than bank deposits or time deposits in the Philippines but stock investing
is also more rewarding.
To start, i suggest you open a free trial on famous brokers of the Philippines. Most of online brokers offers a DEMO. A Demo account means you won't lose real money.
Learn to read more business news and stock market books. Learning resources for stocks are widely available on the internet. There are too many sites to choose from but one of my favorite is Investopedia.
Next is too attend FREE seminars. Most online brokers are also offering free tutorial. They conduct Technical analysis and Fundamental analysis. If you are looking for other topics or wants to attend a more deeper analysis, you can attend seminars for a fee.
Another tip that I can give is to ask for help from others who are experience.
Its good that you are reading this article but its also good if you will talk personally to someone with experience. You can see their excitement or disappoints with them - the two emotions that you will feel over and over again for
If you are still afraid, you can try opening an account with the minimum amount required. You can open an account for as low as 5,000 pesos. Furthermore, this 5000 pesos will be available to your fund and can be used for trading.
Deposit and buy more stocks once you get the hang of buying and selling stocks.
Take note of the fees, commission, taxes and other charges that are being deducted to you when you buy or sell stocks.
Always check you emotion. Don't be greedy. Don't be afraid. Greed and Fear will certainly affect your decision
Define your buying strategy and exit strategy. What do you expect from stocks? Do you want your stocks to rise more than 50% before selling. Is that realistic?
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