Whether you are new to the world of finance, or very experienced, investing in shares takes time, effort and a sound knowledge of the stock market. With a little know-how and understanding of the risks, anyone can be successful. Here, we have put together a list of factors to consider.
1.Size
First of all, determine how much you want to spend on investing in shares. The financial market can be volatile at times and as such you need to be prepared to make losses as well as profits. If you have a large amount of capital, you may prefer to start small and work your way up to making large trades, rather than placing all your money on one or two key trades. Likewise, smaller amounts of capital should be used wisely and spread across different options. These are important points to consider when investing in shares. Whatever you decide, you should seek independent financial advice if you are in any doubt.
2.Research
After you have determined the amount of money you want to invest, you must research the stock market thoroughly in order to determine which companies you want to work with when investing in shares. Which companies are up and coming? Which are performing well? Which are going downhill? These are questions to ask yourself when you are thinking about investing in shares. Remember to use resources such as the internet, financial news channels and the financial press to keep abreast of current developments.
3.Advice?
It may be worth seeking a second opinion whilst you are debating investing in shares. Sometimes two heads are better than one, so seek the advice of others in the financial world. This could be a Financial Adviser, an advisory company or another impartial party. When investing in shares, it is however important to ultimately go with what you feel is the best decision, based on facts and reason.
4.Broker
Once you have decided which company is best to put your money in when you are investing in shares, you will need to choose an online broker to execute your trades for you. This is something which is important to think about when investing in shares. There are many such brokers to choose from, so it pays to do a little research to ensure you will be happy with the service provided. Read testimonials from previous customers and check out the company’s website, especially their Terms and Conditions, before entering into any agreement. Check, for example, whether you will need to pay an up-front fee for using their services and how much they will charge for holding shares overnight.
If you are planning on investing in shares, why not give us a call today? The brokers at Accendo Markets are experts in their fields and keen to share their in-depth knowledge of the stock market with you. With years of experience in trading, researching and following the market, we are the people for you. So, if you are investing in shares, make Accendo Markets your first port of call.