As population rises and jobs are shrinking trading and investing is increasingly becoming a serious profession. In developed countries there are many companies and brokers who teach trading as a profession and the better traders among them get placed internally and start managing the company’s money. Trading methods based on technical analysis, news interpretation and algorithms are commonly taught topics.
In India there are few such options, if any. Most of the learning on how to make money in the stock markets has to be self-taught or if one is lucky to get a mentor who can guide, but that is tougher than getting a lottery ticket.
However, most of the traders and investors in the market, either in India or abroad are all self-taught. Baptism by fire is the best way a person can learn to make money in the market. The only thing one has to ensure is to burn as little a capital as possible during this training period.
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Markets and sports
Making money is both easy as well as difficult in the stock market. What differentiates the two is the person’s attitude. Making money in the market is like any other competitive sport. Just like in a sport you win some and you lose some. It’s the losses that offer the biggest learning lessons for a sports man. But if the sports person leaves a sport when he is in a losing spell and jumps over to try another sport, will he ever be successful. Very unlikely.
Similarly in the markets, the path for steady money is persistence and faith in your strategy. If practice makes man perfect is true in sports, it is the basic credo when it comes to trading and investing.
So before one learns how to make money, it is important to know that if one is learning by themselves, there will be a tuition fee and it will be charged by the market. There will be losses, but the trick to fast learning is not only to keep losses small but also to learn from them.
As in sports, one needs to first decide which game to play, similarly in markets one needs to decide which route should one take for making money.
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