A stock market is a fascinating place. It’s full of excitement, opportunity, and potential for big profits. But it can also be very intimidating to people who are new to trading.
With all the information out there about trading on the stock market, it can be hard to know where to start – so we’ve compiled this list of the top 3 tips for trading in singapore on the stock market!
– The first one is a good idea for any trade: always have a plan! Without a dream, it’s easy to get caught up in the excitement, and your emotions will start controlling you.
– The next one is also very important – only invest what you can afford to lose. It doesn’t matter how much research or analysis has been done behind an investment, and there are no guarantees that something won’t go wrong.
And if it does, those who over-invested could end up losing more than they bargained for.
We recommend keeping two months’ worth of living expenses as savings outside of the market so that even if things don’t work out as planned, you’ll still be okay financially.
– Third, on our list is about doing proper research before making investments. Not only should you know the basics like how far it can go up or down, but also what kind of events have caused similar moves in the past.