Let’s assume that we have all the skills that are required for investing in share market but what if we are wrong? What is something goes wrong? What if the stock I buy goes down? What if, what if, lots and loads of what if’s arises in our minds. The fear is reasonable because it’s your hard earned money you can’t afford to risk it, so what shall we do? There are certain ways in which you can double check whether you have got all the skills that you need to have in order to be a successful investor, trader in the stock market. So how do we do it?
There are websites like moneycontrol.com, money.rediff which helps you to mange your portfolio (portfolio is nothing but the stocks that you have invested in). All you need to do is signup for free, assume that you have $$$ cash and buy some XYZ company on a specified date. Monitor how the stock that you have bought performs in next few days. Make a note of the date on which you bought the stock and the price, sell the stock at a price that is rewarding to you. Calculate the profit; don’t forget to send me the share :-).
Though the entire process is virtual, it helps to assess your capability, knowledge in stock market and tells you whether the equity you have picked is of value or not.
Theses websites even send you the status of your portfolio to your email id.
So what else do you need? Start learning by playing.
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