According to the National Stock Exchange, there are 1.2 crore people active in the stock market in India. This number is only going to rise as everyone becomes aware of the opportunity that the stock market represents.
Have you ever thought of getting involved in the stock market but don’t know where to begin? Do you feel like the stock market is too complicated? Are your colleagues involved in the stock market and you want to learn as well?
That’s why we’ve brought you this guide to help you get the ball rolling.
Let’s start with a few basics.
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How does the stock market work?
The stock market is essentially a way for the public to fund corporations. If the value of the company shares grows, you can sell those shares at a higher price and pocket the profit.
There are two primary ways to get involved in the stock market – “investing” and “trading”.
If you’re holding the stocks for a longer period (usually one month or more), then you’re investing. If you’re holding the stocks for a short period (usually less than one day or a few days), then you’re trading.
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What do I need to do to learn about the stock market?
A lot of people are familiar with the stock markets, but they don’t know enough to be able to invest or trade. To be successful, you need a detailed understanding of the stock markets.
However, if you’re willing to learn, you can pick up a lot about the stock market in a short period. One of the best ways to start is to begin studying from free online resources.
Is studying online sufficient to learn about the stock market?
Yes, studying online can be sufficient, however beginners need to focus on learning from the right online sources. Not every resource available online will help you grow.
How do you judge whether a source can be trusted? This ability will develop over time as you start learning more and more about the stock market.
We’ve brought you this guide to get you started on the right footing.
9 best online resources to learn about the stock market for beginners
Here are the best online resources to learn stock market trading for beginners:
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YouTube
YouTube is a free website on which people upload videos. You can easily find thousands of videos about the stock market which are suitable for beginners. Some popular YouTube channels you can check include “Pranjal Kamra” and “CA Rachana Phadke Ranade”.
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Zerodha Varsity
Zerodha Varsity is an educational effort by Zerodha (a leading stock broker in India). Zerodha Varsity provides free lessons that are easy to understand and are also available in Hindi. You can learn in-depth about subjects like fundamental analysis (essential for investing) and technical analysis (essential for trading).
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Blogs
Blogs can be a good way to find the specific information you’re looking for. For example, if you want to get a list of the best stockbrokers in India, then you can look for a blog with such information. Blogs are also a great way to get the latest information. Some popular blogs for the Indian stock market include TradeBrains and Getmoneyrich.
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Telegram or whatsapp channels
Many people share information about the stock markets on Telegram or WhatsApp groups. You can join such groups to keep a finger on the pulse of the market. Ask someone in your network to find out about such messaging groups or you can search online.
Two of the largest Telegram channels on the stock market are:
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Online courses
The main advantage of online courses is that they will take you through everything you need to know step-by-step. Online courses can be paid or free. You can also learn at your own pace.
We recommend Udemy or StockMarket360.c
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Financial News portals or journals
Following at least a few financial news portals or journals is essential if you want to keep updated with the latest news as an active investor and/or trader. You can consider checking Economic Times or Financial Express.
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Join different communities like reddit
Reddit is a social media platform where you get the latest stock market trends and updates. Reddit is recommended to see what other traders and investors say about the markets. You can consider joining Reddit communities like “StockMarketinIndia” and “IndianStreetBets”.
Also Read: 9 Best Stock Market Subreddits to Join
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E-Books
E-Books are a convenient way to gain an in-depth understanding of the stock market. These books cover a wide range of topics and can provide structured learning at a low cost.
Two books you can consider are “Fundamental Analysis for Investors” by Raghu Palat and “Bulls, Bears, and Other Beasts” by Santosh Nair.
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Practise
There is no getting away from it. If you want to learn about the stock market, you must get your hands dirty and practise. But don’t practise with real money.
You can open a paper trading account (also called a demo trading account) and practise trading in real-world conditions without depositing any money. You can check out TradingView and NeoStox Trading.
But how do you practise while also having fun?
For this, TradingLeagues has brought you various fantasy stock market games to help you become a better trader. You can participate in games such as Battle Leagues, Classic Leagues, Target Leagues, and Selection Leagues. The choices are endless, and the fun is limitless. Download the app now!
Wrapping up
Learning about the stock market can seem daunting at first, but you will enjoy the process of learning and practising. There are many high-quality free online resources that are available these days, so it’s easy to start learning. We hope this article has helped you on your journey.
