Everyone in the investment industry would agree that one of the most practical and profitable means of exponentially increasing your financial resources is to invest in stocks. If you are considering buying and selling stocks as a major portion of your wealth investment then you would need to consider the following factors especially if you are just a beginner here.
* Substantial Stable Income – The investment game could only be safely and enjoyably played by people who have more than adequate resources. If your income at present is just enough to cover your monthly overhead expenses, then investment is not yet for you. Before entering the stock investment arena, you need to make sure you have a stable regular income and substantial bank savings that could cover your expenses for at least one year without working.
* Sufficient Working Knowledge – Education about stock trading even with just the basics is essential to proficient and profitable stock investment. You would also need to do adequate research about the stocks you are considering to buy. A blind leap of faith would never work for you in the stock trading industry.
* Competent Trustworthy Broker – To find a real good broker, you may consult other experienced stock traders and get their recommendations. You may also do an online research about the background and track record of every stockbroker you are considering to hire.