Share trading is like gambling, you may win lots of money or you may lose everything you have
. It is also an addictive thing for many people because I have seen many people lose money but still play with it due to addiction. Many common people keep themselves away from it because of the fear of losing money. Many get drive crazy in it for quick cash. We will see the both pros and cons of the share market in this article.
Pros of Share trading: a)Cash and quick cash: The only and main pros of the share trading are the cash. You can win a vast amount of money through it and there is no limit on it. Many people are living life using it. You can make tons of dollars through it very easily and very quick too.
Cons of trading: a)Money loss: The worse case is that you lose all your money in it. Share trading can be very dangerous regarding your money and many people lose it so others gain it. b)Effect on Personality: The people who lose their money in share trading are the victims of many personality or mental issues found.
Tips for saving the hard earned money: Knowledge is the king here. The more knowledge and experience you have safer you can play. It's always very important to learn about it before trying. a)Never do short sell until and unless you are 100% sure about the outcome. b)Always plan for inter day first and then go for intraday, it will save money in long term. c)Intraday is a risky term and you will need to be very careful while playing it. d)Consider options like investing in emerging Indian market.
It's not at all an easy game of trading, but if you study it properly you will see how easy it can become. After all everything become easy when you have enough practice of it.