A perfect financial growth strategy in stock market

In the current financial world stock markets are the adventurous way to make financial progress. However the amount of efforts involved seem to be minimum, but there is a high degree of risk.

For a beginner it is essential to know about the basics of stock market before putting steps towards your financial success. The most important aspect is to have knowledge about the commonly used stock market terms. Day trading and settlement period are two of the most common terms in stock market terminology.

The knowledge of stock exchanges like NYSE and NASDAQ is also essential. The other major things to know about are brokers and brokerage. When you are just going to jump into the stock market, you are required to decide with what type of brokeres you want to deal with. There are two types of brokers full service brokers and discount brokers. The main difference between these two is that full service brokers will provide complete assistance and advice on investment and money management whereas the discount brokers will not give you any investment related advice. Obviously both of them have different fee structure. The first thing you are required to decide is your risk appetite and what kinds of risks you are ready to take. If you feel that you are not risk averse taking then lot of opportunities are available to you. On the other hand if you feel that you are more of a risk averse investor then you should invest only in safe stocks. It all depends upon the amount of spare money available with you and your risk taking capacity and you financial planning.

My serious advice to new investors is that it is better to invest small amounts in good select stocks and learn about the actual investment and trading. Gradually you can enhance your involvement taking into account all pros and cons of such investment and write your own financial growth story.