To learn how to trade stocks, it is important for beginners to be able to obtain information from many quality sources. This learning process continues throughout your trading life. If the trial and error method combines with your ability to keep progressing, you will surely achieve success in the end. As long as you are stable in stock trading, you will have many opportunities and time to compensate for mistakes you make.

What is Stock Trading?

The definition of stock trading is simply to buy and sell stocks of public companies. Examples of well-known stocks in the US stock market include shares such as Apple (AAPL), Facebook (FB), Disney (DIS), Microsoft (MSFT), Amazon (AMZN), Google (GOOGL), Netflix (NFLX), and Uber.

Every trade has a counterpart in the stock market. If you buy 10 shares, that means 10 shares are sold to you by someone. Likewise, when you sell a stock, someone has to buy it. If there is more buying demand for a stock than the seller, the supply-demand curve shifts to the right and the price of the stock increases. Conversely, if there are more sellers than buyers, the price will decrease.

Top 10 Ways for Beginners to Learn to Trade Stocks

For those who want to trade stocks, we will explain in ten steps what they should do.

1. Open a stock broker account

To start trading stocks, you first need an online broker. Every broker in the market offers different services and commission fees. Some brokers are known for their trading platforms and trading tools, while others provide excellent research. Therefore, you can choose your broker by searching the most suitable one for you.

2.Get help from books

With books, you can get more affordable information from online training courses, seminars and training DVDs. To get started, you can read a few examples of great stock trading books such as How To Make Money From Stocks ?, A Random Walk Down Wall Street, The Little Book of Common Sense Investing.

3.Reading articles is important

One of the most useful resources for investment education is reading articles. The very popular website for investment education is investtopedia.com. You can find many articles on this site. In addition, you can read the notes of billionaire Howard Marks. You can also find various articles on trade topics you want to learn by searching with google scholar.

4. Find a supporter you can learn with

Working and learning with people who have basic knowledge and experience about the stock market will ensure that you find answers to your questions and that you have someone to support you when things go wrong or get harder and keep you motivated. Almost all successful investors from the past to the present started trading with a mentor in the early days.

You can also get support from online forums and find answers to your questions. There are not only professional traders on such platforms. So be careful who you are listening to their suggestions.

5. Review successful investors

Learning about successful investors gives you different perspectives on the stock market. With the motivation and tips provided by the information you get, you can adapt the strategies of big investors to your own trading strategies. For example, the best investors you can take are Warren Buffett, Jesse Livermore, George Soros, Benjamin Graham, Peter Lynch, John Templeton and Paul Tudor Jones.

6. Read and follow the stock market daily

News sites like CNBC and MarketWatch are the best resources for beginners to keep up to date with the latest news about the stock market. For more detailed information, you can follow the Wall Street Journal and Bloomberg. When you follow the stock markets daily and your exposure to news, economic trends, analysis and investment language will increase.

In this way, you will be able to more or less predict which stock will follow what kind of graph and make more predictive investments. You can use Yahoo Finance or similar Stock APIs to review stock charts, check basic data or access historical data about that stock.

Another method to get information about the stock market is television. CNBC is one of the most popular channels for the stock market. Even watching CNBC for 15 minutes a day will expand your knowledge base. Don't let the language or terms used overwhelm you and let the commentators, interviews, and discussions get into your subconscious just by watching.

7.Think before you buy a paid subscription

Using paid channels to get business ideas can be educational. Investors who do not want to trade on their own to provide the learned information may find it more useful to observe the steps market professionals will take. There are various paid subscription sites on the internet for this, but the most important thing is to choose the right one for you. Two of the most popular subscription services known are Investors.com and Morningstar.

The issue you should be very careful about is the paid subscriptions advertised on platforms such as YouTube and Twitter. The people who tell you how to get high returns on these platforms or how to be successful in the stock market are usually individual investors and most likely scams. Those who claim to earn money are usually the lucky few. If there is one thing you should be sure of, it is that by following the recommended strategies as a member of these platforms, the winners are much less than the losers.

8.Discover seminars, online courses or live lectures carefully

Seminars can provide you with important information about general market and investment types. The seminars usually focus on a particular aspect of the market, and the seminar speakers explain how they have achieved success by applying their own trading strategies over the years. You can also create your own strategy by getting inspired by the speakers. An example of reliable seminars could be the Will O'Neil workshops, Dan Zanger and Mark Minervini.

Both of these seminars are free. Seminars like this one are given free of charge and you can get very useful experiences. The only thing you need to pay attention to is the sales area that will almost always come at the end. Whatever is offered here, say no!

Like paid subscriptions, another issue you should be careful about is lectures and courses. Many of them cost over $ 1,000 and are sold with promises of valuable information. Unusual marketing tactics can be drawn into such courses, and they will do nothing but take your money with trading strategies that were used years ago, never profitable.

9.Buy your first stocks or practice trading via a simulator

The next step is to make your first stock trade with your online broker account. Feel free to take small steps at the beginning. Even trading with as few as 10 shares will serve your learning purpose.

If you are not ready to go into a real trade and not want to risk your hard earned money, you can use a stock simulator for virtual trading. Online brokers such as TD Ameritrade and E * TRADE offer virtual trading to practice trading stocks.

One of the most common mistakes made by beginners is buying large amounts of stocks at once. This is a mistake. Avoid taking risks as much as possible at first. Instead, start trading small amounts and slowly work towards buying more shares on average over time.

10. Buy and hold the market

Online trading such as daily trading is less beneficial for many traders than buying the entire market and holding it for years.

As the greatest investor of all time, Warren Buffett's most important advice to individual investors is to passively invest (buy and hold) rather than trying to beat the stocks in the market alone.