Before investing in the stock market, it’s important to assess your financial abilities and read about investing for beginners. You should understand how you can make money, what your monthly budget is and whether you’re making a stable income every month. Before you venture into the stock market, ensure that your job is stable and secure.
You should also start by getting the necessary knowledge and building a reliable trading strategy. At this point, you need to understand the different stocks and how they operate. For example, should you trade BSE 500 stocks or other smaller stocks?
It’s also important to have an investing strategy, especially during market volatility. You can invest on your own or with a financial advisor.
Before investing in the company’s stock, you must review the audit report and financial statements. If the auditors have highlighted a certain point in their report, follow up on these points in notes to the financial statements.
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