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deeksha1809
Nov 26, 2021
In Welcome to GRM Forum
It has been one of the biggest myths that investing in stock market will make you lose your money. Sometimes, the thought of investing in shares get jitters to someone who has experienced worst from this market. But hey! Hold on stock market definitely carries risk, however if approached in a disciplined manner it is one of the most efficient form of investment. There was a time when people used to be afraid to make their careers as a stock market trader, times have changed and it is important to spread the awareness that with patience, passion and will to learn, one can definitely become a good trader. To become a trader in stock market a right attitude, aptitude and training in finance can open up various career options. Opportunities may vary from stockbrokers, traders to research analysts, algorithm traders etc. A career in the stock market may do wonders only if the professional need to have the required knowledge, tools and techniques to evaluate the volatility in market and make his clients earn great returns out of it. To become a successful trader, one needs to have followed things in mind: 1. Prepare a trading plan 2. Trader must be familiar with the technology and methods of implementing a strategy. 3. Always have some rules and follow them. 4. As a trader one has flexibility to learn about the stock market at its own pace and trade as per your needs. 5. One spends so much time working that there is no time left for any new learnings or upgrading oneself, with a flexible schedule as a trader learning something new is a everyday phenomena to keep oneself updated. 6. “Experience is the best teacher” and the best strategy for trading is “Earn by Learn”, so the most important thing is don’t stop learning ever. Invest your maximum time in the learning process. 7. Never shy away from booking losses and always follow a strict stop-loss. Some traders lose hope to become a successful trader because they did not do enough research or analysis on the script in which they invested. They did not even make any plans before investing. They just go with the market trends which is highly risky. There are many job roles which are available, some of which are: Stockbroker Financial Advisor Investment Advisor Portfolio Management Services (PMS) Research Analyst Online Stock Trading Financial Analyst Equity Analyst (Fundamental/ Technical) Market Researcher MF Distributor/Advisor Insurance distributor/advisor What are the Eligibility criteria for Trading? Traders mostly are self-taught. However, a professional trader needs to understand the basics of finance to start with. A college degree is a prerequisite nowadays at least if you want to take trading seriously. In addition to this specific certificate issued by SEBI and NSE, a certification is required to be certified research analyst, investment advisor, or mutual fund distributor. Most traders have degrees in mathematics, finance, accounting, economics, or industry. In terms of defined criteria, one does not need to be 18 to get started.
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deeksha1809
Nov 24, 2021
In Welcome to GRM Forum
A career in finance sector is one of the most rewarding profiles, as it helps you to set yourself apart from the crowd. Finance is a very vast domain that continues to grow, there may be a lot of competition in the finance jobs, but the finance professionals are always in demand. A degree is no longer enough to crack a good job profile in finance sector, a lot of other job-oriented courses makes it easier for you when it comes to getting a job in this sector. Industry based courses, examinations, events, networking are the main key to get into such kind of profiles. If you are planning to enter into the finance sector, a good qualification and industry knowledge would lead you to a vital success. This finance sector is such a wide domain with different categories and sub categories such as accounting, financial, stock brokers, investments, research analyst, financial advisors etc. Financial markets being one of the most popular among the working professionals and also for the development of the economy. The National Institute of Securities Markets (NISM) is an important certification programme offered by SEBI, have become pretty much popular these days. The primary reason behind the popularity of these competitive exams is their establishment by SEBI, it is the regulator of the securities market in India. The NISM Certification exam is given online. The NISM Certification Preparatory Courses helps in proper understanding and resources required for passing the exam. NISM certificates carry a lot of weight in the financial job market as NISM is a SEBI body. If you want to make a carrier in Mutual Funds, Equity, Currency, Investment Advisory, Research Analyst, Depository operations etc you should pass these exams. BENEFITS OF NISM CERTIFICATE 1. Knowledge of Indian Securities Market: Playing legal in stock market is utmost important and for that it is important to know about the securities market. Understanding the legal market helps in making the best decisions out of available resources. We at GRMIIT introduce you to the important topics of securities market. 2. Earn a lucrative amount: Earning a huge amount is not difficult for a person possessing a NISM certification. Working in stock market can be the best paying and rewarding job, also a person not working in stock market can earn while trading and investing in the stock market. 3. Career in Stock Market: With NISM Certification, the job value increases as a professional, you can be differentiated from others who work on instincts. The certifications are always in demand and the employers prefer employees with NISM certifications. These certifications also increase the value of your resume to a great extent. 4. Regulatory Requirements: The NISM Certification has been made mandatory by the SEBI for working in the capital market. Eg. If a person wants to work in any Asset Management Company, then he must have a certificate of NISM series V-A Mutual Fund Distributors Certificate Examination. 5. Spreading Financial Literacy: Educational institutions can partner with NISM for spreading the financial literacy to the students, job seekers, traders or investors. By acquiring knowledge of the capital market one can reduce the losses they incur in trading while they just use tricks to enter the market. NISM Certifications help in providing a basic domain knowledge on the subject of capital markets. For budding professionals, students who want to make their career in financial market, NISM Certification is a must. It is a self-paced program with your comfort, but taking up the NISM Certification Course helps you to understand the basics and then help your clients grow. Here is a list of most popular NISM certification exams in India: 1. Series I: Currency Derivatives Certification Examination 2. Series-VIII: Equity Derivatives Certification Examination 3. Series V A: Mutual Fund Distributors Certification Examination 4. Series-X-A: Investment Adviser (Level 1) Certification Examination 5. Series-X-B: Investment Adviser (Level 2) Certification Examination
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deeksha1809
Nov 23, 2021
In Welcome to GRM Forum
One’s goal as an investor should simply to purchase at a rational price, understand the business whose earnings are virtually certain to be materially higher few years from now. An investor does not get a company like this easily so, when an investor sees something that qualifies this, he should try to do a meaningful amount of investment. A set of any patterns or guidelines that an investor follows to keep the investments intact and allow it to appreciate over a period of time, is the best practice practiced by an investor. The markets are too volatile in nature that could give you big risks or big rewards. Here are some of the best practices to follow as an investor. 7 BEST INVESTMENT PRACTICES 1. Long term focus and unconcerned with volatility- The investors who invest their money, want to make money quickly. But for investors who want earn higher profits need to stay and do not have to think about the changes in the market. Staying in the market for long term will give you the advantage of compounding his gains. 2. Set your goals- If an investor does not have a goal, then investment is of no use. The goals may be short term or long term but these goals will help an investor strive for the money. This is one of the best practices that should be followed by the investors. 3. Willing to be inactive- Many investors feel that there is always something great to do in the market or they are always able to find a brilliant investment. A best practice can be to be inactive for sometime and wait for the perfect pitch. Try to be a passive investor. 4. Research the company and financial product- An investor should study about the company, its CEO, CFO, directors before investing. An investor should study about the financials of the company before investing. Should know about the financial product about the financial product, that how risk averse is the product. 5. Learn about the stock market- Before entering the stock market, it is important to understand this market very carefully so it is important to understand fundamental and technical analysis. 6. Be unemotional- Many of the obstacles to investment success is related to human emotions. Most become greedy, confident, and euphoric when prices are high. Warren Buffet has once explained how it is important to be absolutely immune to these emotional influences. 7. Mentally flexible- The philosophy of investors should provide guidance but not rigidity. It is possible to come across new philosophy, but the key lies in knowing when to change and when to hold. CONCLUSION The markets are so fluctuating that you learn something new everyday as an investor, it is a never-ending experience. Apart from the above best practices it is also important for an investor to make a investment plan that suits his priorities and also should have a diversified portfolio. An investor should be focused, disciplined and purposeful. These attributes listed are rare but not unique, so as an investor it is important to possess these characteristics. What else helps to follow these best practices are become a collector of information by reading and networking with variety of people. Happy Investing!
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