Warren buffet, the third richest man in the world has earned his fortune from stock market. Stock market have made many millionaires and billionaires even in India. Mr Rakesh jhunjhunwala is known as the warren buffet of India as his total investment in stock market is nearly Rs 13000 crore and its very much important to note that he have made this fortune from Rs 5000/-, He is well known in stock market for his value investing.
Its not too hard to make money in stock market, it needs your time, patience, hard work and gives you a lot of teachings in every steps of earning.
There are a lot of examples in India who have made millions starting from Rs 500/- , 2000/-, 5000/- or more. All you need is a dedication and increase your knowledge regarding stocks
Understanding a stock is just like understanding your friend to whom you can trust. Here are some ideas of how to make fortune in stock market:-
1)Understand the stock market basic, like what is stock market, what is stock exchange, how does it work, what are the securities of your investment in stock market, how stock of any company goes up and comes down
2)start investing in mutual funds, as mutual funds are safe and secure investments where your risk reward is calculated by experienced fund managers
3)Keep a small amount in your demat account to trade yourself to gain experience
4)Select a stock to invest by seeing its last 10 years fundamental structures such as company’s sales growth, its debt, its own Share capital, RoE(return on equity), its EBITDA (earning before interest tax depreciation and amortization), its PAT (profit after tax), and its Debt to Equity ratio.
5)Find out value of the share and its historical performance, keep learning technical charts to calculate at which point you should buy the stock and for how much time horizon
5)Best way to invest is to make a SIP(systematic investment plan), If you find a good stock which can make you rich in nearly 10-15 years then keep investing in that stock every month
6)Connect yourself with news and updates regarding economy of the country as well as in stock market
Follow the above steps and you will find a confidence in yourself to become rich very soon. I am always ready to help you for any suggestion and for learning process as I have 12 years of experience in stock market.
Please do up vote and comment for any kind of help and queries and follow me for latest updates on stock market